Dow Tops 9 000 On Merger Bets In Nervous Trade
The Dow Jones Industrial Average edged above 9,000 at 9,012.30 aided by a Citicorp Travelers merger boost and a forthcoming financial sector makeover. NationsBank BankAmerica proposed a 625 billion merger as Banc One First Chicago NBC deal boosted trading, with mixed results across major indexes and solid profit reports anticipated this week.
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Eastman Kodak
Vis
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DuPont
NYSE
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Corn and soybean futures slump on El Nino delay signals
Futures for corn and soybeans plunged on the Chicago Board of Trade as meteorologists forecast hot dry Midwest weather not arriving until August, offsetting early gains from crush data. Wheat rose modestly while cattle and pork futures moved variously on CME activity.
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Chicago Board of Trade
Midwest
National Oilseed Processors Association
National Oceanic and Atmospheric Administration
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Globe
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Allegheny Energy seeks Midwest ISO membership after merger
Allegheny Energy Inc announced it applied to join the Midwest Independent System Operator as part of its merger with DQE Inc. The move aims to ensure competitive benefits for customers, lower rates, reliable service, and access to diverse power sources while regulators review the merger. The company cites reciprocity and locational pricing to ease power purchases and reduce rate pancaking.
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Harassment insurance and corporate behavior questions
The Associated Press examines whether sexual harassment insurance lowers firms’ incentives to avoid lawsuits. It cites Astra USA paying a record 10 million settlement, ongoing policy upgrades, and insurer practices while noting rising harassment claims and larger coverage, with industry voices debating risk assessments and the role of preventive programs.
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Associated Press
Astra
USA
Jonathan Turley
George Washington University
David Sterling
Michael Furgueson
Chubb Insurance
Chubb
Equal Employment Opportunity Commission
Sterling
Paula Jones
Clinton
Lisa DeSimone
Reliance National Insurers
Vincom
Jeff Lamb
Westborough
Mass
EEOC
Ann Gillespie
IBM
Kendra Collins
Women led firms expand into male domains across industries
The Working Woman 500 shows women own lumberyards, truck dealers, auto parts firms, and pork processors alongside Donna Karan, J Crew and Mary Kay. JM Family Enterprises tops the list with 5.4 billion in revenue, while Lockhart Automotive Group and other female owned firms push growth in construction, wholesale trade, transportation, agribusiness, and manufacturing. Despite gains, female owners still face discrimination and underrepresentation in CEO ranks.
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Donna Karan International
J. Crew
Mary Kay Cosmetics
U.S
Working Woman Magazine
JM Family Enterprises
Deerfield Beach
Fla
Lynn Kimmel
Lockhart Automotive Group
Ms. Kimmel
Saturn
Cadillac
United States
National Foundation For Women Business Owners
General Motors
Catalyst Group
Oncor and Vysis settle patent litigation and licensing deal
Oncor Inc and Vysis Inc reach a definitive settlement ending the September 1995 patent suit. Oncor gains non exclusive royalty bearing licenses to U S Patent 5 447 841 for human oncology use and to Vysis direct labeling tech while conveying its FISH genetic probe business to Vysis. Initial cash of 500 000 and 1 5 million due April 9 2000. The agreement reduces non oncology genetics exposure and supports Oncor oncology focus.
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Oncor Inc
Vysis Inc
Oncor
Vysis
Regents
University of California
U.S. District Court
District of California
U.S
Lehman Brothers
Cecil Kost
Oncology
Kost
Housing Fair Set for April 29 at Frederick
The fifth annual housing fair runs from 10 am to 2 pm on Wednesday April 29 in the Frederick Community Action Agency Activities Room at 100 S. Market St. The event is sponsored by Frederick County FARE the Department of Community Development the Frederick County Association of Realtors and the Frederick Community Action Agency. It features exhibits and presentations by nonprofit and government agencies on affordable housing and related services with homeowner information and housing rehabilitation workshop. The free event includes lunch refreshments and parking. For more information call 301 694 1506.
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Frederick Community Action Agency
S. Market St. Frederick
Frederick County Fare
Frederick Department of Community Development
Frederick County Association of Realtors
GTE to offer high speed Internet via ADSL links
GTE Corp. plans to provide some telephone customers with Internet access over copper lines using ADSL technology with speeds up to 50 times faster than modems. The Stamford Connecticut based company expects to roll out in portions of 16 states this summer after federal regulatory approval.
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Washington
GTE Corp
GTE
Stamford
Conn
Bell
Medical Business Outsource Group Opens in Frederick
CBF Business Solutions Inc of Frederick launches Medical Business Outsource Group to handle medical billing and accounts receivable. Services include electronic medical billing, claims follow up, on site analysis, staffing, debt collections and consulting for medical practices locally and nationwide. Sharon Kaplan calls MBO Group a centralized source for clients operations. For details call 301-663-1686 ext 126.
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CBF Business Solutions Inc
Frederick
Medical Business Outsource Group
MBO Group
Electronic Medical Billion
Sharon Kaplan
Ms Kaplan
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