Unilever to buy Bestfoods to form world’s largest food group
Unilever and Bestfoods confirm a 20.3 billion deal to create the largest global food company with brands Lipton tea Skippy mayonnaise and Hellmanns. Combined 1999 revenue about 52 billion, surpassing Nestle. Deal to close by year end pending regulators.
MENTIONED IN THIS ARTICLE
New York
Unilever
Bestfoods
America
Nestle
Ben & Jerry
Skippy
Hellmann
Niall FitzGerald
Kansas Speedway names operations chief from Daytona
Kansas Speedway hires Russ Tysinger as director of facility operations starting August 1. He previously led operations at Daytona International Speedway, overseeing 50 full-time and 250 part-time staff, and the Daytona complex of 700 acres with 165,000 seats, 100 luxury suites, 400,000 square feet of offices, and a 2.5 mile track.
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Nascar
Kansas
Russ Tysinger
Kansas Speedway
Kansas City
Kan
Tysinger
Daytona International Speedway
Daytona
Fla
International Speedway Corp
WorldCom Agrees to 3.5 Million Settlement
WorldCom will pay 3.5 million to settle Federal Communications Commission charges it switched customers carriers without permission. The action addresses widespread consumer complaints of slambling practices by sales representatives and stands as a major FCC enforcement case.
MENTIONED IN THIS ARTICLE
WorldCom
Federal Communications Commission
Warlcom
FCC
CBS cuts 24 Internet division staff after Viacom deal
CBS laid off 24 employees in its Internet division, about a quarter of the unit, as part of a broader restructuring after its Viacom acquisition. An internal memo announced upheaval during a transition while the online strategy remains unclear since the January formation of the online group.
MENTIONED IN THIS ARTICLE
CBS
CBS Internet Group
Dana McClintock
MTV
Viacom Inc
Boo.com
Apbnews.com
Microsoft files brief to clear path for antitrust ruling
Microsoft Corp moves to have Judge Jackson adopt language allowing more freedom after a breakup, arguing the government rejected major fixes. DOJ spokeswoman Gina Talamona says the filing rehashes old arguments and ignores court findings, denying need for serious relief.
MENTIONED IN THIS ARTICLE
Seatile
Microsoft Corp
Justice Department
Microsoft
Department
U.S
Thomas Penfield Jackson
Previ
Ment
Washington
Gina Talamona
Productivity slows but remains healthy in first quarter
U S productivity rose 2.4 percent in Q1, the slowest in nine months, yet economists say the gain is solid. Output per hour grew 3.7 percent from a year earlier for nonfarm workers, with business investment in computers driving the longer term improvement.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Investors take profits push down key stocks
New York stocks closed mostly lower as investors booked profits after a three day win streak. The Dow fell 79.73 to 10 735.57 while the Nasdaq slid 65.39 to 3756.37 and the S&P 500 slipped 9.79 to 1457.84 as concerns about an economic slowdown weighed on financial and retail shares.
MENTIONED IN THIS ARTICLE
Dow Industrials
New York
Charles White
Avatar Associates
Standard & Poor
Agricultural prices and metal quotes round up
Tuesday close shows farm prices from Farmers Cooperative Assn South Elevator Wheat 2.53 soybeans 5.08 milo 1.76 corn 1.93 Midland Elevator Wheat NA soybeans 5.10 milo NA corn 1.93 North Elevator Wheat 2.53 soybeans 5.11 milo 1.76 corn 1.98 USDA loan deficiency Wheat .27 Oats .10 Soybeans .31 Milo .02 New York spot nonferrous metals Aluminum .655 lb Copper 44.0 Cathode Lead .29-.31 lb Zinc .485-.5535 lb Gold 288.40 Silver 5.145 Mercury 150.00 per 76 lb flask.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South Eevator
Milo
Midland Elevator
North Elevator
USDA
New York
London
U.S
N.Y
Handy & Harman
Mercury
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S&p
Treasury
New York Mercantile
Xchange
Unilever Expanding
Europe
United States
Heinz
Campbell Soup
Englewood
N.J
New York Stock Exchange
NYSE
Diageo PLC
Pillsbury Baking Products
Realtete
FitzGerald
Ously
The
Govern
Wome
Dearest
Ming
Mordac
Norman John
Lephens
Chris Chapin
Joe Sanders
Martha Pierson
CSR
W. 6Th Street
Lawrence
Old Chicago
Lowa
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