Congresswoman seeks delay in Citicorp Travelers merger
Rep. Maxine Waters calls for postponing the Citicorp Travelers merger amid money laundering allegations linked to Raul Salinas. She urges DOJ findings before any deal approval and warns of reduced access to financial services for the poor. Waters plans to introduce anti money laundering merger review legislation.
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Travelers
Washington
House Banking Committee
Citicorp
Travelers Group
Citibank
Maxine Waters
California
Congressional Black Caucus
Justice Department
U.S
Raul Salinas
Mexico
New York
Switzerland
Ms. Waters
Salinas
Carlos
Travelers Groups
Fed
Alan Greenspan
Banking Panel
Government Oversight and Investigations
Citicorp Travelers Group
Small trucks suffer damage in 5 mph IIHS crash tests
The Insurance Institute for Highway Safety reports that several compact pickups show notable damage in 5 mph crash tests. Toyota Tacoma incurred 4361 dollars in four impacts, with Chevy S-10 LS at 2246, Ford Ranger XLT 2952, Dodge Dakota Sport 3863, and Nissan Frontier XE 3867, all reflecting rigid bumper design vs energy absorbing features.
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Washington
Insurance Institute For Highway Safety
Toyota
Adrian Lund
Institute
General Motors
CEOs look for stronger second quarter growth in 1998
The American Business Conference survey of midsize firm CEOs shows a net 71 percent expect higher wages in Q2 1998, with 62 percent forecasting higher sales, 32 percent higher margins, 10 percent higher input costs, 38 percent more hiring, and 45 percent more investment. The results point to a robust quarter amid no inflation signs.
MENTIONED IN THIS ARTICLE
PR Newswire
American Business Conference
ABC
Barry Rogstad
Rogstad
Manor Care reports Q3 earnings meet estimates amid split plans
Manor Care Inc posted third quarter earnings of 28 million dollars 44 cents a share matching analysts estimates. Revenue rose to 468.1 million dollars up 20.4 percent from the prior year. The company plans a split into ManorCare Health Services and ManorCare Realty and operates 208 facilities in 24 states. Circuit City Stores Inc meanwhile posted March sales of 762.9 million dollars up 17 percent from March 1997.
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Gaithersburg
Manor Care Inc
Manor Care
ManorCare Health Services
ManorCare Realty Inc
Circuit City Stores Inc
Stocks of area Interest Quotation: Ferris Baker Watts
Local market page notes area interest stocks with quotations courtesy Ferris Baker Watts. The item lists security names, prices, and changes reflecting daily trading activity and investor sentiment.
MENTIONED IN THIS ARTICLE
Ferris Baker Watts
Hood College hosts leadership training for educators and business
Hood College's Institute for Career and Workforce Initiative offers a Leadership and Change Management Training program for Frederick County educators and businesses with May 15 applications. Ten teams of one educator and one business representative will train August to June 1999, led by Dr Kathleen Bands and Debbie McDonald with workshops, planning meetings, and project development aimed at community impact.
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Catherine
Dr Bands
Debbie McDonald
Maryland States Department of Education
Hood College
Institute For Career and Workforce Initiatives
Kathleen Bands
LCMT
Max P. White
Frederick County Public Schools
Lisa Eye- Mangini
Lori Garrett
Catherine Filene Shouse
Helen Riddle
Frederick County Job Training Agency
Allen guest speaker for FCAF meeting
Mark Allen, vice president of Cornerstone Advertising, will speak at the Frederick County Advertising Federation luncheon on Thursday April 16 at Way Off Broadway Theater Willlowtree Plaza. He is a retired US Air Force colonel and Towson University marketing professor with board service in major associations and a CLIO winner.
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Mark Allen
Cornerstone Advertising
Frederick County Advertising Federation
Willowtree Plaza
Allen
US Air Force
Towson University
American Advertising Federation
Interactive Marketing Institute
Advertising Association of Baltimore
Richy Sharshan
FCAF
Deidre Lewis
Beneficial to Sell German Finance Unit to Banque Sofvico
Beneficial Corp. will sell its German consumer finance unit Beneficial Bank AG to Banque Sofvico, a Paris based unit of Suez Lyonnaise des Eaux. Financial terms were not disclosed. The plan is part of a restructuring that also targets Canadian assets and real estate holdings.
MENTIONED IN THIS ARTICLE
Wilmington, del
Beneficial Corp
Beneficial Bank AG
Banque Sofvico
Household International
Beneficial
Peapack
N.J
Tampa
Fia
Paris
French Diversified Holdingompany
Suez Lyonnaise Des Eaux A
Crestar posts 18 percent rise in first quarter income
Crestar Financial reports a first quarter net income of 84.9 million, 75 cents per diluted share, up 18 percent from Q1 1997. Noninterest income rose to 106.1 million, mortgage banking and advisory revenues grew 40 and 15 percent, while noninterest expense edged up 1 percent to 181.5 million. Crestar, parent to Crestar Bank, holds 609 offices across VA, MD and DC with 26.1 billion in assets and 17.0 billion in deposits.
MENTIONED IN THIS ARTICLE
Crestar Financial Corp
Crestar Financial Corporation
Crestar Bank
Virginia
Maryland
District of Columbia
Crestar
L&f
Wheat futures dip to 1993 lows in CBOT trading
In Chicago, wheat futures slid below 3 a bushel for the first time since 1993 amid weak demand and abundant supply. May delivery fell to 2.98 1 4, while May corn and soybeans edged higher. Livestock futures also rose, and ProNet opens two 1000 dollar scholarships for Frederick County women in the 1998 99 academic year with a May 29 deadline.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
U.S
European Union
Australia
Argentina
U.S. Agriculture Department
USDA
Chicago Mercantile Exchange
ProNet
Frederick
Frederick County
W. Patrick St
Lori Charlebois
Stadia of Cities and Numbers Across the Nation
The fragment lists major cities Disney World Atlanta Baltimore Boston Chicago Cincinnati Cleveland Dallas Denver Detroit with a series of numeric codes following each. The text appears as a catalog of locations paired with codes, likely part of a larger directory or schedule. No clear event or narrative is present to summarize beyond noting the enumeration of cities and numbers.
MENTIONED IN THIS ARTICLE
Disney World
Atlanta
Baltimore
Boston, Chicago
Cincinnati
Cleveland
Dallas
Denver
Detroit
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