Major Internet Announcement In Media Business Expected
BMG and Universal, two of the world’s five leading music firms, prepare for a high profile Internet announcement in the media sector. A New York news conference is set with chief executives from several unnamed firms, as hosting PR firm confirms. AOL says no plans to announce, while CBS stock hits all time high on takeover talk.
MENTIONED IN THIS ARTICLE
BMG
Universal
New York City
America Online Inc
CBS Corp
AOL
News Corp to Acquire Fox Sports Net and FX Channel
Rupert Murdoch's News Corp agrees to pay 1.4 billion dollars to take full control of Fox Sports Net and the FX entertainment channel in a deal with Liberty Media Group. The arrangement boosts News Corp's stake in New York teams the Knicks and Rangers via indirect ownership.
MENTIONED IN THIS ARTICLE
U.S
Rupert Murdoch
News Corp
Fox Sports Net
Liberty Media Group
At&t Corp
John Malone
New York
Knicks
Rangers
Lawrence Bank planned by Mercantile VP Sutcliffe
Terry Sutcliffe resigns as Mercantile Bank Lawrence executive vice president to launch Lawrence Bank with offices in downtown and western Lawrence. He will be president and CEO, with headquarters at Kasold Drive and Clinton Parkway, pending regulatory approvals and end-year opening.
MENTIONED IN THIS ARTICLE
Lawrence
Lawrence Banking
Terry Sutcliffe
Mercantile Bank
State Bank
Lawrence Bank
Sutcliffe
Kasold Drive
Clinton Parkway
First Bancshares Inc
Kansas City
Kan
First Bancshares
First State Bank
Mercantile
Chuck Warner
Warner
State Bank Commissioner
Kansas Banking Board
Federal Deposit Insurance Corp
Federal Reserve Bank of Kansas City
Lawrence National Bank & Trust Co
City Bank of
Wichita
Lawrence National Bank
Robert Brozman
Lawrence National
MidAmerican Corp
Johnson County
First National Bank of
First National
MCI WorldCom pursues Nextel wireless deal in early talks
MCI WorldCom Inc. is negotiating to buy Nextel Communications in a bid to enter the U.S. wireless market. The discussions are in early stages and no deal is expected for at least a week. Wall Street monitors note the deal would add debt but could position MCI WorldCom in a fast growing sector as wireless subscribers rise to 69.2 million in the prior year.
MENTIONED IN THIS ARTICLE
New York
MCI WorldCom Inc
Nextel Communications Inc
U.S
MCI WorldCom
Airtouch Communications
Vodafone
WorldCom
MCI Communications
Nextel
Max Ratcher
Ameritor Funds
United States
Economic Leading Indicators Rise Again In February
The Conference Board reports a 0.2 percent February gain in the Index of Leading Economic Indicators, with four of ten components rising, signaling continued expansion into late 1999. Coincident indicators rose 0.3 percent and the lagging index 0.2 percent, while the Dow dipped below 10,000.
MENTIONED IN THIS ARTICLE
New York
U.S
Conference Board
Michael Moran
Daiwa Securities America
Wall Street
APAC earnings fall touch Nasdaq listing review
APAC TeleServices Inc reports a widened fiscal year 1998 loss of 79.3 million dollars, or 1.63 per share, versus 1.2 million or 0.03 per share a year earlier. Nasdaq will review continued listing as APAC’s share price has stayed under five dollars for over 30 days after a 15 percent slide to 2.97 dollars. The company bought ITI Marketing Services in spring and operates telemarketing in Lawrence since 1996.
MENTIONED IN THIS ARTICLE
Apac TeleServices Inc
Nasdaq
APAC
Copacires
Ninois
Gillette Warning Dampens Dow Rally After Earnings Outlook
Gillette Corp warned it would miss analysts' first quarter targets, deflating a market rally as the Dow Jones fell 43.84 points to 9,963.49 while the Nasdaq edged up to a new high at 2,565.17.
MENTIONED IN THIS ARTICLE
Gillette Corp
Gillette
Market and commodity prices across farming, livestock, and metals
Tuesday close reports Farmer's Cooperative Assn and Midland Elevators listing prices for wheat soybeans milo and corn with USDA loan deficiency payments. Dodge City and Dodge City livestock show feeder and slaughter cattle markets with bid and sale figures. hog quotations with lean percent weights. New York commodities detail spot nonferrous metals with copper lead zinc aluminum and precious metals prices.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Assn
South
Milo
Midland
North
USDA
New York
London
N.Y
Handy & Harman
Penney to launch teen fashion magazine Noise this July
Dallas J C Penney plans a new teen focused quarterly magazine named Noise debuting in July with a back to school emphasis. It will be 84 pages, mailed to Penney’s teen database and available in 1 150 stores, with ads from other teen oriented brands and articles on fashion beauty sports and music. The move targets growing teen market spending estimated at 84 dollars weekly per teen.
MENTIONED IN THIS ARTICLE
Dallas
J.C. Penney Co
Plano
Target Stores
Footaction
Star Magazine
Noise
Penney
Theda
Whitehead
J.C. Penney
U.S
Teenage Research Unlimited Inc
Northbrook, Ill
Also Mentioned on This Page
Dow Industrials
S&p
Treasury
Chicago Board of Trade
BMG and
Fox Sports
Bank
Brozman
MidAmerican
Mercantile Bancorporation Inc
St. Louis
Chanute
Richard Brack
Ljworld.com
AP Photo
Hakan Mogren
Astra
Zeneca
Stockholm
Sweden
Mogren
AstraZeneca Company
MCI
Dodge City
Crry
Kansas
St. Joseph Livestock
Joserat
Diikek
Penney Fashion Magazine
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