Bank of America to buy FleetBoston creating giant bank
Bank of America announces an agreement to acquire FleetBoston Financial in a deal valued at about 42.9 billion. If approved, the merger would create the nation’s second-largest bank with assets over 930 billion and extend Bank of America into New England. FleetBoston chief Charles Gifford warned of potential layoffs.
MENTIONED IN THIS ARTICLE
Bank of America
FleetBoston Financial
Boston
Bank of America Corp
FleetBoston Financial Corp
New England
Kenneth Lewis
FleetBoston
Charles Gifford
Gifford
Boston Celtics
Bruins
Bank of America Center
Lewis
New York Stock Exchange
New York
Reynolds American Inc formed from R.J. Reynolds and British American deal
R J Reynolds Tobacco and British American Tobacco PLC agreed to merge creating Reynolds American Inc a new holding company with about 10 billion dollars in annual sales and roughly 30 percent of U S cigarette sales The deal follows Reynolds cutting 40 percent of its workforce and positions the merged group as the second and third largest U S tobacco firms with British American parent of Brown & Williamson Tobacco Corp
MENTIONED IN THIS ARTICLE
R.J. Reynolds Tobacco
British American Tobacco PLC
United States
British American
Brown & Williamson Tobacco Corp
R.J. Reynolds
Reynolds American Inc
U.S
Mary Kay Executives Sue Over Alleged Looting of Millions
Former Mary Kay Inc executives John Rochon and Nick Bouras accuse chairman Richard Rogers of looting over fifty million dollars from a joint venture with the company. The Dallas lawsuit seeks more than 50 million and Mary Kay denies the allegations.
MENTIONED IN THIS ARTICLE
Mary Kay Inc
Richard Rogers
Mary Kay
Dallas
John Rochon
Nick G. Bouras
Mary Kay Ash
Rogers
Existing home sales hit monthly record as new homes dip
New home sales edged down in September to a seasonally adjusted annual rate of 1.145 million, a 0.2 percent decline from August. Existing home sales climbed 3.6 percent in September to 6.69 million units, signaling housing remains a driver of the economic recovery.
MENTIONED IN THIS ARTICLE
Commerce Department
National Association of Realtors
Anthem to buy rival WellPoint in $16.4 billion deal
Anthem Inc. to acquire WellPoint Health Net works Inc. in a cash and stock transaction valued at about 16.4 billion dollars. Shareholders of WellPoint will receive 23.80 dollars in cash and one Anthem share per WellPoint share, creating the nation’s two largest Blue Cross Blue Shield companies.
MENTIONED IN THIS ARTICLE
Anthem Inc
WellPoint Health Networks Inc
Blue Cross Blue Shield
Anthem
Blue Cross Health Insurance
WellPoint
Kansas cotton profits rise despite wet spring and cool September
Kansas farmers push 125000 acres of cotton as harvest begins amid heat and drought tolerance. Cotton acreage is up over 50 percent from 2002 with firms noting strong current prices. Experts warn quality may cut profits, though many growers report overall gains and rising land investment as the industry expands.
MENTIONED IN THIS ARTICLE
Wichita
Kansas
Rex Friesen
South
Gene Latham
South Kansas
Friesen
Carl Seeliger
Latham
Growers Association
Drought Triggers Kansas Disaster Flags and $275 Million Loss
Kansas faces an estimated 275 million dollar crop loss from drought as Gov. Kathleen Sebelius seeks federal drought designation. She raises 17 county alert to emergency status and asks Veneman to declare 73 counties drought disaster areas to unlock low interest loans. Insured rates for corn, milo, wheat, and soybeans remain high while insurance offsets fall short.
MENTIONED IN THIS ARTICLE
Wichita
Kathleen Sebelius
Kansas
U.S
Ann Veneman
Sebelius
Allen
Anderson
Atchison
Barber
Barton
Bourbon
Chautauqua
Cheyenne
Clay
Cloud
Coffey
Crawford
Decatur
Dickinson
Doniphan
Elk
Ellsworth
Finney
Ford
Geary
Graham
Grant
Norton
Rawlins
Sheridan
Sherman
Thomas
Gove
Greeley
Lane
Logan
Ness
Scott
Trego
Wallace
Wheat and soy futures retreat. cattle futures rise on CBOT CME
Chicago Board of Trade futures showed declines in wheat and soybeans with December wheat at 3.67 1/4 per bushel and November soybeans at 7.58 1/2. Corn and oats fluctuated. Dec corn rose to 2.35 1/4 while Dec oats fell to 1.44 1/2. Beef and pork futures advanced on CME with live cattle at 2. - Note: data includes live cattle, feeder cattle, lean hogs, and pork bellies. Local elevator price quotes for wheat, corn, milo, and soybeans from Ottawa Edgerton Overbrook Midland Lawrence North/South and Pauline Elevators are listed alongside nonferrous metal prices in New York.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago, Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Also Mentioned on This Page
Lawrence Journal-World
Ljworld.com
Tobacco Giants
Don Morton
Winfield
Fabian Mirelez
Gray
Hamilton
Harper
Haskell
Hodgeman
Jefferson
Jewell
Johnson
Kearny
Kingman
Kiowa
Leavenworth
Lincoln
Linn
Marshall
McPherson
Meade
Miami
Mitchell
Nemaha
Neosho
Osage
Osborne
Phillips
Pottawatomie
Reno
Republic
Rice
Riley
Rooks
Rush
Russell
Saline
Smith
Stafford
Stanton
Washington
Waubaunsee
Wyandotte
Lawrence North
Lawrence South
Pauline
Nonferrous Metals
N.Y
Asok
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