Merger of AmeriSource Health and Bergen Brunswig Forms Two Company Unite
AmeriSource Health and Bergen Brunswig announce an all stock merger described as a merger of equals. The deal would double AmeriSource market value and create a larger distribution network. Martini will chair the combined firm. Yost becomes chief executive and president.
MENTIONED IN THIS ARTICLE
U.S
AmeriSource Health
Bergen Brunswig
AmeriSource
Robert Martini
Bergen Brunsw
Interpublic to acquire True North to form largest ad firm
Interpublic Group to buy True North Communications in a deal valued at about 2.02 billion based on Friday close, exchanging 1.14 Interpublic shares per True North share. The merger aims to save over 525 million annually, lift 2002 earnings, and create a combined 7.2 billion revenue, 1+ billion operating profit entity, with both stocks slipping on the news.
MENTIONED IN THIS ARTICLE
Interpublic Group of Cos. Inc
True North Communications Inc
Interpublic
True North
Lucent wins $5 billion Verizon Wireless upgrade contract
Lucent Technologies said it won a $5 billion contract to upgrade Verizon Wireless network across a three year span. The deal positions Lucent as the largest supplier of infrastructure for Verizon’s third generation upgrade. finance rose on the news while other telecom equipment makers also gained.
MENTIONED IN THIS ARTICLE
Lucent Technologies
Verizon Wireless
Lucent
At&t
Verizon
Commodities report location note
The commodities report is referenced as appearing on page 4D. No other details are provided in the accessible text.
Greenspan’s Reputation Falters Amid Market Turmoil
Washington markets wobble as fears of a recession grow and the Fed panel led by Alan Greenspan considers rate cuts. Analysts expect at least a half point reduction while questions persist about whether Greenspan can steer the economy to avoid a crash.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Alan Greenspan
Fed
Wall Street
Greenspan
United States
Asia
Alice Rivlin
Prairie Graphics prints 300 Stank Em monkey shirts for March Madness
Lawrence printer Prairie Graphics will run 300 shirts featuring Roy Williams and the Stank Em monkey after KU’s Sweet 16 clinch. Owner Jon Hofer says the March Madness push could generate about 10 percent of annual sales as KU faces Illinois in San Antonio.
MENTIONED IN THIS ARTICLE
Prairie Graphics
Lawrence
Roy Williams
Kansas University
Jayhawks
Syracuse
Jon Hofer
E. 22Nd St
Hofer
Illinois
San Antonio
Royals of royalties show KU licensing gains rise
Licensed to earn Kansas University collects royalties equal to 8 percent of the total retail price of items bearing KU symbols from T shirts to pool racks. The table lists yearly totals starting 1988 through 2000, with figures ranging from 54 thousand in 1988 to 790 thousand in 1998, reflecting steady growth since KU’s 1988 championship.
MENTIONED IN THIS ARTICLE
Ansas University
Corning cuts earnings forecasts amid telecom slowdown
Corning Inc of Corning New York the world’s largest fiber optic cable maker trimmed its pro forma earnings forecast for 2001 to 1.20 to 1.30 per share from 1.40 to 1.43. Analysts had expected 1.36 and the company projected 8.2 to 8.5 billion dollars in revenue a 15 percent rise. Photonic technologies revenue is seen rising 20 to 25 percent.
MENTIONED IN THIS ARTICLE
Corning
N.Y
Photonic Technologies
Dow rises on rate-cut hopes as tech rebounds
Investors push blue chips higher on hopes the Fed will deliver a strong rate cut. Dow gains 135.70 to 9959.01, Nasdaq up 60.27 to 1951.18, S&P 500 up 20.28 to 1170.81 amid tech rebound and earnings warnings.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Standard & Poor
Oracle
Dell
Sun Microsystems
Hewlett-Packard
Intel
U.S. Bancorp
Piper Jaffray
Lehman Brothers
Goldman Sachs
Merrill Lynch
Morgan Stanley
Also Mentioned on This Page
Drug Distributors
Technology Lucent
David Wyss
Richard Gwin
Journal-World Photo
Michael Smail
Midwest Graphics Inc
University of Mississippi
Printers Press
Sweet 16
Ljworld.com
Dano
BridgeNews
Hyse
Nasdaq.com
Open Market Committee
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