Verizon to buy MCI in 67 billion deal reshapes telephone market
Verizon Communications to acquire MCI Inc. for 6.7 billion in cash and stock, signaling a consolidation of the long distance sector as AT&T and Sprint Nextel merge. The trio of deals, plus new competition from cable and wireless services, aims to create a Big Four. The transaction is expected to take about a year to gain approvals and entail about 7,000 job cuts from a combined 250,000 workforce.
MENTIONED IN THIS ARTICLE
New York
Verizon Communications Inc
MCI Inc
Washington
At&t Corp
SBC Communications Inc
Sprint Corp
Nextel Communications Inc
Verizon
SBC
BellSouth Corp
Atlanta
Sprint Nextel
Bell South
At&t
Federal Communications Commission
MCI
Sprint
Comcast Corp
Time Warner Inc
Robert C. Atkinson
Columbia Institute
U.S
Harold Greene
Bell System
Bernard Ebbers
WorldCom Inc
Michael D. Capellas
Compaq Computer Corp
Hewlett-Packard Co
H-P
Carly Fiorina
Ashburn
New York Stock Exchange
Qwest
Columbia University
Verizon-Mci
At&tsbc
Qwest Communications International Inc
Baby Bell
Verizon Wireless
MCI Corp
Market watch February 14 2005 Dow Jones stock snapshot
Market watch for February 14 2005 shows Dow Jones at 635.02 with advances 1 823 and declines 1 461 and 273 new highs. It lists NYSE diary metrics with volume 1 647 963 820 and counts for declined unchanged and volume across indexes.
MENTIONED IN THIS ARTICLE
NYSE
New RedHawks coach to speak at Chamber luncheon
Shane Montgomery Miami University new head football coach will speak at the Chamber of Commerce business luncheon on March 3 at Forest Hills Country Club in Middletown. Luncheon starts 11 45 a.m. For reservations call Karen Carroll at 513 422 4551.
MENTIONED IN THIS ARTICLE
Shane Montgomery
Miami University
Chamber of Commerce
Forest Hills Country Club
Fourth Avenue
Middletown
Karen Carroll
AK Steel debt rating raised by Moody's in upgrade
Moody's Investors Service raised AK Steel Corp debt ratings citing improved operating performance and cash flow. The senior implied debt rating moved to B1 from B2 and the senior unsecured issuer rating to B1 from B3, potentially lowering borrowing costs.
MENTIONED IN THIS ARTICLE
Moody’s Investors Service
Middletown
AK Steel Corp
Reuters News Service
Moody’s
US prescription drug sales slow in 2004
U S prescription drug sales rose 8.3 percent to 235.4 billion dollars in 2004, the slowest growth in nine years due to mild flu, higher copays, OTC drug use, safety concerns about antidepressants and Cox-2 painkillers. Prescriptions dispensed reached 3.52 billion, while NSAID and Cox-2 volumes fell 9 percent amid heart risk studies.
MENTIONED IN THIS ARTICLE
Washington
U.S
IMS Health
Fairfield
Conn
Bruce Boggs
IMS Americas
Also Mentioned on This Page
Charles Dharapak
Associated Press
Verizon Communications
Ashburn, Va
Telecom
Wireless
A Other
Telerate
Dow Jones Industrials
Standard & Poor
Russell
RedHawks
AK Steel
Ersprirm
LSI
AES Cp
LaPac
Lucent
MEMC
AbtLab
Accenture
AMD
McAfee
Agere
AldWaste
MeridRes
Altria
Merrill Lyn
AmExp
Micront
MorgStan
Motorola
Anheusr
Newscpa N
Avaya
Nokia Cp
BJ Svcs
Nortel N If
BP PLC
BakrHu
OcciPet
NorthrpGs
BkofAms
Ll Offed
Barrick
OfficeMax
BellSouth
PepsiCo
Blocklistr
Pfizer
Boeing If
BrMySq
Proctg
BuriRses
Qwestem
ReliantEn
CMS Eng
Calpine
SAP AG
CaremkRx
SBC Com
Ll Cendant
Schergp
ChesEng
Schimb
ChevTex S
Schwab
Citigro
Seagate T
ClearChan
SvceCp
CocaCol
Smithff
Cocace
Selectra
Coeur
SwstAir
CompAs
Spratfon
ConocPhil
St Goldn
TXU Corp
Corning
Directv
Disney
DuPont
DukeEgg
EMC Cp
el Paso Co
Ie Exelons
ExxonMb
Jpmorgan Chase
FanniMae 1
Dp&l
FredMac
General Motors
Kir
Gateway
Material Sciences
Genentchs
Meadwestvace
GenElec
NCR
NCR 37.86 Meh GnMetr
P&g
Gillette
Pactiv
Hallibtn
Harmony G Lle
REX Stores
Hewlette
Temple-inland
Wausau-Mosinee
Hilton
Worthington
HomeDp
Xerox Corp
Honwlint
Huntsman
IBM
First Financial
Jpmorgch
Middletown Area
Palmer & Associates Tax & Bookkeeping
Edgewood Dr
Trenton
Cuide
Greentree Plaza
Cincinnati-Dayton Rd
H&r
W. State St
Sears
Towne Mall
Franklin
S. Breiel Blvd
Walmart
Towne Blvd
Hrblock.com
Tax Service
del Blvd
TLE
Potter Ave
Bookle
CPCWZ
Jackson Hewitt
E. 6Th St
Marie Dr
Dixie Hwy
Central Ave
Carlisle
Jacksonhewitt.com
Knight Ridder Newspapers
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