Kroger Alleges Visa Price Fixing in Credit Fees Lawsuit
Kroger Co and other retailers file a federal suit in New York accusing Visa USA and Visa International Service Association of colluding with member banks to fix interchange fees. Plaintiffs include Ahold USA Albertsons Eckerd Safeway Walgreens and Maxi Drug, claim rules block lower-fee negotiations.
MENTIONED IN THIS ARTICLE
Cincinnati
Kroger Co
Visa
Kroger
Visa USA Inc
Visa International Service Association
MasterCard
Gary Rhodes
Rhodes
U.S. District Court
Southern District of New York
Ahold USA Inc
Albertson’s Inc
Eckerd Corp
Maxi Drug Inc
Safeway Inc
Walgreen Co
Limited Brands hires executive to lead accessories line
Limited Brands Inc appoints Ed Bucciarelli, former Liz Claiborne group president for accessories and cosmetics, as president and chief executive of its Henri Bendel stores and head of Limited Brands Accessories. The company has begun testing new purses jewelry and other accessories at the Henri Bendel outlet in Columbus.
MENTIONED IN THIS ARTICLE
Columbus
Limited Brands Inc
Victoria’s Secret
Bath & Body Works
Express
Liz Claiborne Inc
Ed Bucciarelli
Henri Bendel
Bucciarelli
Claiborne
Limited Brands Accessories
Limited
Anthony Hebron
GE earnings jump 24 percent in strong quarter
GE reported a 24 percent rise in second quarter earnings with double-digit profit growth across all 11 business units. Jeff Immelt praised the quarter as one of GE's best, as profits grew from jet engines and power plants to NBC and its leading financial services unit.
MENTIONED IN THIS ARTICLE
New York
General Electric Co
Jeff Immelt
NBC
P&G Gillette merger wins European Union approval
European Union antitrust regulators approved Procter & Gamble and Gillette’s 57 billion merger, prompting P&G to divest its SpinBrush line. The deal unites brands from Pampers to Duracell, with FTC review still pending as shareholders had already approved the merger. P&G aims to close in the fall amid ongoing discussions and information requests.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble Co
Gillette
European Union
P&g
Pampers and
Tide
Federal Trade Commission
FTC
Mitchell Katz
Linda Ulrey
Israel Shaked
Boston University
School of Management
Euromonitor
Procter & Gamble
A.G. Lafley
Enron settles price gouging claims in western states
California reaches a settlement with Enron Corp over energy market manipulation during the 2000 01 crisis. The deal could rise to 1.5 billion with California receiving an unsecured 875 million claim plus a 600 million penalty. Oregon and Washington share 22.5 million each. Final payments depend on bankruptcy proceeds and creditor payouts. California seeks economic justice while Enron eyes bankruptcy progress and creditor distributions.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Enron Corp
California
Bill Lockyer
Federal Energy Regulatory Commission
Enron
Oregon
Washington
Lockyer
Jennifer Lowney
Stephen Cooper
U S industrial production surges in June
U S industrial production jumped 0.9 percent in June led by utilities, the fastest rise in 16 months, signaling rebounding manufacturing. Wholesale prices were flat, echoing tame consumer prices and easing inflation fears. Dow rose to 10,640.83 as investors welcomed the data.
MENTIONED IN THIS ARTICLE
Washington
U.S
David Wyss
Standard & Poor’s
New York
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Dow Jones
Standard & We, Poor's
Russell
NYSE
Limited Brands
Lillyell
Lowes Cos
AMR
Lucent
At&t
MBNA
AbtLab
Marathon
Accenture
Marshm
AMD
MasseyEn
Albertsn
Alcoa
Medco
Allstate
Medtrnic
Altria
Merck
AmExp
MerrillLyn
Afncirt
Micront
MorgStan
Motorola
Aon Corp
Mylan Lab
ArchCoal
NaziCity
Avaya
NatSemi
BP PLC
Newmtm
BkofAms
Newscpa N
BKNY
NiSource
BellSouth
NokiaCp
BestBuy
NorfikSo
BostonSci
NorteNet
BrMySq
Nucors
BuriRse
OcciPet
CVS Cps
PacifCre
Calpine
PeabdyEs
Caterpils
PepsiCo
Cendant
Pfizer
Providian
Citigro
QwestCm
Cocac
Roy!Dut
Coeur
SBC Com
ConocPhils
Sara Lee
AS Corning
Schergp
CypsSem
Schimb
DeltaAir
Schwab
Devon' S
Seagatet
Disney
SveeCp
DowChm
Selectra
DuPont
SouthnCo
DukeEgg
SwstAir
Dynegy
Spratfon
Etrade
Symbit
EMC Cp
TUX
el Paso Cp
Taiwiemi
Elan
Texinst
EnCana S
3M Co
ExxonMbl
Fairchids
TollBross
Fanniem If
Fordm
Ll Tyson
Gap
UtdRent If
Gateway
US Bancro
Nn GenElec
Wachovia
Goldmans
WalMart
Graingr
Wmscos
Guidant
HCA Inc
Xerox
al Hallibin
Associated
Pr- Harley D
Hewlettp
Jpmorgch
Jonnin
AK Steel
Jpmorgan Chase
Cincinnati Bell
Cinergy
Convergys Corp
Dp&l
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Material Sciences
Meadwestvace
NCR
Pactiv
REX Stores
Temple-inland
Wausau-Mosinee
Worthington
Xerox Corp
Fifth Third
First Financial
Smurfit-Stone
Oak Hill Fin
Ohio Casualty
P&g-Gillette
EU Competition Commission
Er Neelie Kroes
Crest
Duracell
Braun Electric
The
Associated Press
Vnenge
Indjr
Source
Federal Reserve Board
Richard West
Debtfreeohio.com
Meas
Upaa
Middletown Journal
MiddletownJournal.com
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