Royal admits stock manipulation breach at RT Capital
The Royal Bank said four RT Capital employees including two senior managers manipulated stock values in 1998 1999 to inflate portfolios. The bank cooperates with the Ontario Securities Commission which is conducting a broad probe into high closing trading.
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Toronto
Royal Bank
Canada
RT Capital
The
Royal
Ontario Securities Commission
David Moorcroft
Moorcroft
RT Capital Management Inc
OSC
Frank Switzer
Commission
ConAgra to acquire International Home Foods for 1.6 billion
ConAgra Inc of Omaha plans to buy International Home Foods of Parsippany for 1.6 billion dollars in cash and stock. The deal values IH Foods at 22 dollars per share with a 43 percent premium and includes assuming 1.3 billion dollars of debt.
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Parsippany
N.J
ConAgra Inc
International Home Foods Inc
Omaha
ConAgra
Hunt's
Butterball
Healthy Choice
Orville Redenbacher
International Home Foods
Madison
New York Stock Exchange
AP Photo Food
Neb
New Jersey
Shareholders approve AOL Time Warner merger in New York
Shareholders of America Online Inc and Time Warner Inc overwhelmingly approved a 122 billion dollar merger. The deal still awaits regulatory clearance from U S and European authorities amid consumer concerns over media concentration and access to merged cable lines. Regulators including the FCC FTC and the European Commission are conducting reviews.
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Time Warner
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European Commission
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Federal Trade Commission
Washington
Goodyear and Michelin Plan Airless Tire Venture
Goodyear Tire & Rubber Co. and The Michelin Group announce a joint research effort to develop airless tires. The Netherlands will host the venture. Akron based Goodyear employs about 105000 people.
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Goodyear Tire & Rubber Co
Michelin Group
Goodyear and
Michelin
Netherlands
Goodyear
Bank Rates Indicate Currency Drafts and Wires
Indicative mid morning selling rates for foreign currency drafts and wire payments are provided by BMO Nesbitt Burns Capital Markets in Toronto. Inquiries at branches recommended for cash rates.
MENTIONED IN THIS ARTICLE
Toronto
BMO
Nesbitt Burns
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