World's largest bank opens in Tokyo after mega merger
The Bank of Tokyo-Mitsubishi opens as the world's biggest bank by assets after a merger of Bank of Tokyo and Mitsubishi Bank. Tsuneo Wakai becomes chairman, Tasuku Takagaki president. Bank holds over 720 billion dollars in assets with 21,000 employees, 366 domestic branches, and 83 overseas outlets. Analysts call the merger strength-based and expect competitive pressure on rivals.
MENTIONED IN THIS ARTICLE
Tokyo
Bank of Tokyo-Mitsubishi
Bank of Tokyo
Aii
Mitsubishi
United States
Mr. Takagaki
Takagaki
Tsuneo Wakai
Mitsubishi Bank
Chase Bank
Betsy Daniels
Morgan Stanley
Japan
SBC and Pacific Telesis to merge in $16.7 billion deal
New York AP report says SBC Communications and Pacific Telesis Group agree to combine, creating the second-largest U.S. telecom after AT&T. The merged firm will be led by SBC chief Edward Whitacre, with Pacific Telesis chairman Phil Quigley as vice chair. The deal brings 30 million lines across seven states and San Antonio HQ for SBC, with San Francisco for long distance and international operations. Pacific Telesis plans to cut 10,000 local jobs while SBC maintains current headcount. combined revenues exceed $21 billion and cash flow reaches $9 billion.
MENTIONED IN THIS ARTICLE
New York
SBC Communications Inc
Pacific Telesis Group
Bell
At&t Corp
SBC
Pacific Telesis
Bell System
California
Texas
Edward E. Whitacre Jr
Phil Quigley
Mr. Whitacre
Aetna to acquire U S Healthcare in $8.9 billion deal
Aetna Life and Casualty Co will buy U S Healthcare Inc in an 8.9 billion dollar merger forming the nation's largest health insurer. The combined entity will operate as Aetna Inc with headquarters in Hartford Connecticut and Blue Bell Pennsylvania as a major shift into HMOs and managed care.
MENTIONED IN THIS ARTICLE
New York
Aetna Life and Casualty Co
U.S. Healthcare Inc
Aetna
U.S. Healthcare
Aetna Inc
Aetna Life
Hartford
Conn
Blue Bell
Fred Laberge
Travelers Group
Ronald E. Compton
Hmos
Washington, D.C
Plush Pretty Bridal & Formal Wear Relocates in Frederick
Beth Long and Susie Flynt relocate Plush Pretty Bridal & Formal Wear to Antietam Village Center in Frederick to provide a larger showroom and broader selection of name brand wedding, prom, and pageant gowns and tuxedos. The shop, serving Frederick for 11 years, offers consultations by Anna Belle Bidinger and plans a summer fashion show, with hours 10 to 8 on Mon, Wed, Fri and 10 to 5 Tue, Thu, Sat. A Safe Prom Pledge discount targets high school seniors.
MENTIONED IN THIS ARTICLE
Beth Long
Susie Flynt
Antietam Village Center
Frederick
Plush Pretty
Antietam Center
Antietam Village
Opossumtown Pike
Brazil
Ms. Long
Ms. Flynt
Stocks of area interest Quotations Courtesy Ferris Baker Watts
Market brief notes area stock movements with quotations from Ferris Baker Watts Inc. and related broker commentary. Noting price shifts, volume hints, and sector signals across local listings for investors scanning regional exchanges.
MENTIONED IN THIS ARTICLE
Ferris, Baker Watts Inc
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