Sony led group to buy MGM for 5 billion dollars
A Sony led consortium including Comcast has signed a definitive agreement to acquire Metro Goldwyn Mayer for about 5 billion dollars. The deal values MGM at 12 dollars a share and assumes about 2 billion dollars of MGM debt. MGM will remain a private company after the closing next year with Sony Pictures handling distribution of films and TV shows.
MENTIONED IN THIS ARTICLE
Los Angeles
Sony Corp
Comcast Corp
Metro-Goldyn- Mayer
MGM
Sony Pictures
GE Faulted for Not Disclosing Welch Perks to Investors
The SEC found General Electric violated securities laws by omitting details of retirement perks for former CEO Jack Welch. Benefits cited include unlimited personal aircraft use, a NYC apartment, limousine service, a leased Mercedes, office space, financial services, bodyguard security, and home security. GE agreed to full future disclosure but faced no fine.
MENTIONED IN THIS ARTICLE
Hartford
Conn
General Electric Co
Jack Welch
Securities and Exchange Commission
New York City
Mercedes
Wall Street
SEC
Feds May Remove Fannie Mae Bosses Amid Accounting Woes
Federal regulators weigh removing Fannie Mae executives as they push a corrective program after a new Office of Federal Housing Enterprise Oversight report details serious accounting problems. Director Armando Falcon says immediate remedial action and potential accountability of management are needed to restore confidence and implement changes.
MENTIONED IN THIS ARTICLE
Washington
Fannie Mae Board
Office of Federal Housing Enterprise Oversight
Fannie Mae
Armando Falcon
EEOC reports rise in teen workplace harassment suits
Federal figures show about 40 suits involving teens since 2002, mostly from restaurants, retailers, hotels, and theaters. EEOC notes more teens in the workforce, increased reporting, and a national outreach campaign with school visits, videos, and a teen rights webpage. A recent San Francisco settlement involved three young women, ages 16 to 18, at a country club.
MENTIONED IN THIS ARTICLE
Washington
Equal Employment Opportunity Commission
Commission
David Grinberg
EEOC
Ers
Grinberg
Bureau of Labor Statistics
Sue Hensley
National Restaurant Association
Association
Cludes
Lynn Bruner
St. Louis
San Francisco
Joan Ehrlich
Middletown AK Steel Makes Top 100 for Quality
AK Steel Corp of Middletown is ranked No 86 on Quality magazine list of the top 100 companies for quality in its September 2004 edition. The honor cites AK’s ISO/TS 16949 certified plants and investments in quality technology and processes praised by AK executives amid a profile noting no outside nominations were used.
MENTIONED IN THIS ARTICLE
Quality Magazine
Middletown
AK Steel Corp
Thomas Williams
Williams
Bensenville, Ill
United States
AK Steel
James Wainscott
General Electric
General Motors
Honeywell
Delphi
Ford
Copeland Corp
Sidney
Ohio
Square D
Palatine
Ill
Larry Adams
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Dow Jones
Standard & Es Poor
Russell
Sony, Partners
Feds
Associated Press
New York
Nyse Kohis
Schimb
Kroger
Schwab
Sears
AMR
LehmBr
At&t
Libtyma
Solectra
ATT Wris
LowesCos
InstAiri
Lubrizol
Spratfon
AbtLab
AU Optron
Lucent
Sysco
AMD
Lyondell
TAX
Agere
MBNA
TaiwSemi
Albertsn
Alcoa
Mayds
Teradyn
Altria
Medtrnic
Merck
Transcen
Anheusr
al Merrililyn
MorgStan
BP PLC
Motorola
US Steel
Mylans
BkofAms
NaziCity
UnumProv
BKNY
NatSemis
Verizonem
BellSouth
Et Newmtm
Viacomb
BestBuy
NokiaCp
Wachovia
Blocklstr
Nortein If
WalMart
BickbBwi
OcciPet
Walgrn
Boeing
Penney
WellsFrgo
BestScis
PepsiCo
WmsCos
BrMySq
Pfizer
WinDix
Calpine
Qwestim
Xerox
RiteAid
Asssocated
CaremkRx Cardinait
Roy Dut
Cendant
al Sbc Com
ClearChan
Cocac
Coeur
ColgPal
CompAs
ConocPhil
CtiAir
Corning
CrntwdFn S
CypSem
Darden
DeltaAir
Disney
DowChm
DuPont
Duke
Cynegy
EMC Cp
Ekodak
Elan
Vv ExxonMb
FanniMae
FedExCp
FishrSci
Fordm
FredMac II
Genentchs
GenElec
GnMetr
Gillette
Globalsfe
Goldmans
Goodyear
Guidant
Hewlett P
HomeOp
IBM
Jpmorgch
Jabil
Johnnn
Cincinnati Bell
Cinergy
Convergus Corp
Material Sciences
Meadwestvace
NCR
P&g
Pactiv
EX Stores
Temple-inland
Wausau-Mosinee
Worthington
Xerox Corp
Fifth Third
First Financial
Smurfit-Stone
Oak Hill
Ohio Casualty Unch
S. Clinton Street
Towne Blvd
Dwiltiday To
Steelmaker
Tuomas
KMART
Necchi
Levi's
Golan
Mgr
Hamilton
Oxford
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