RJR Nabisco to sell tobacco business to Japan Tobacco
NEW YORK AP RJR Nabisco Holdings Corp plans to sell its international tobacco unit to Japan Tobacco Co for 7.8 billion dollars and spin off its domestic tobacco operations. The move aims to separate food and tobacco into distinct companies while reducing debt and addressing rising tobacco litigation.
MENTIONED IN THIS ARTICLE
RJR Nabisco
Japan Tobacco
New York
RJR Nabisco Holdings Corp
RJR
Japan
U.S
Ahron Leichtman
Citizens For
Iit
Carl Icahn
New York Stock Exchange
Nabisco Holdings
RJ. Reynolds Tobacco Company
Nabisco
Philip Morris Cos
Japan Tobacco Co
R.J. Reynolds Tobacco Co
Winston- Salem
N.C
Snackwell
Steven F. Goldstone
John Maxwell
Davenport & Co
RJR Reynolds Tobacco Co
California
Philip Morris
Florida
Royal Ahold to buy Pathmark market chain
Royal Ahold agrees to acquire Pathmark from SMGNI Holdings in a 1.7 billion dollar deal, assuming 1.5 billion in Pathmark debt. The purchase adds 132 Pathmark stores mainly in New York City and northern New Jersey, boosting Ahold USA with existing chains including Giant Food Stop & Shop and Tops Markets. The deal aims to expand Ahold’s New York metropolitan presence, with Pathmark sales estimated at 3.7 billion in 1998 and 28,000 Pathmark employees, pending regulatory approval.
MENTIONED IN THIS ARTICLE
Newark, NJ
Royal Ahold
Giant Food
Pathmark
U.S
Ahold
Smgni Holdings Corp
New York Metropolian
Carteret
New York City
New Jersey
Philadelphia
Path
Giant Food Inc
Maryland
Bi-Lo
Carolinas
Tops
New York
Stop & Shop
Connecticut
Massachusetts
Netherlands
Poland
Spain
Latin America
Frederick County Sees Unemployment Rise to 3.1 Percent
Frederick County’s unemployment rate climbed from 1.9 to 3.1 percent in January, with 3,104 people jobless out of a 99,759 labor force. The state agency cited seasonal declines in retail and services as key factors and noted cuts in agriculture, amusements, and construction follow holiday season effects.
MENTIONED IN THIS ARTICLE
Frederick County
Maryland Department of Labor, Licensing and Regulation
Montgomery County
Carroll County
Howard County
Washington County
Worcester County
Bartlett to co chair committee hearing on IRS
Rep Roscoe Bartlett will head a Thursday morning hearing at 10 on IRS consultation with small businesses during regulatory drafting. He notes EPA and OSHA now require such consideration and urges IRS to follow suit to ease burdens for Western Maryland firms. Rep Sue Kelly will join the hearing. A dental assistants display runs March 13 at FSK Mail, Frederick for National Dental Assistants Recognition Week.
MENTIONED IN THIS ARTICLE
Bartlett
IRS
Roscoe Bartlett
R-6th
House Committee On Small Business
Internal Revenue Service
Environmental Protection Agency
Occupational Safety and Health Administration
Maryland
Sue Kelly
R-N.y
Subcommittee
Frederick County Dental Assistants Society
FSK Mail
Frederick
National Dental Assistants
Dow slips as tech firms report weak first quarter earnings
New York stocks retreated Tuesday with the Dow off 33.85 to 9693.76 as technology names wavered after Intel rumors and AMD warned of a significant first quarter loss. The S&P 500 fell to 1279.84 and the Nasdaq dropped to 2392.94 while bonds rose and productivity data supported a rate stance.
MENTIONED IN THIS ARTICLE
Exxon
Fcnb Corp
Mvryan
F&m Bancorp
Oribital New York Gold
First Union
Science
First United
PennNat
Jcpenney
Pepsico
Hs —H Alcoa
Potem el
Alley Enrgy
GaPacific Gte Corp
Safeway
Alpha Ind
HCC
Sears
Sun Trust
Home Depot
St. Paul
Ay Kmart
Toys R Us
In Life Tech
US Airways
Black & Decker
Lockheed
Worldcom
Campbrex
Lowe's
WalMart
CSX Corp
Oh Unwigd Marriott
Mo — Wash Gs
Dow
New York
Dow Jones Industrial Avenue
Standard & Poor
S&p
Collins
Intel
Federal Trade Commission
Advanced Micro Devices
AMD
Intel Worties
Compaq
New York Stock Exchange
IBM
Treasury
Federal Reserve
Financial Services
Citigroup
Tokyo
Europe
Frankfurt
CAC
Paris
London
Soybeans Rise as Wheat and Corn Slip in Futures Trading
In Chicago, soybeans gained on strong soybean oil demand tied to reports of sunseed crop damage in Argentina after weekend rains. Wheat futures fell on Pakistan buying from other suppliers, while corn moved mixed with gains from soybean market but pressured by weak wheat and heavy farmer selling. Beef futures mixed. pork futures declined as April live cattle rose and May pork bellies fell.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Argentina
U.S
Pakistan
Chicago Mercantile Exchange
Also Mentioned on This Page
Gary Shafer
Mobile Tool International
Terry Ogle
Pathmark Market Chain
Seird
AP Stock Quotes
Conde
Daly Wirmere
Madnet Fura Raport
Maier
Scottsdale Securities, Inc
Discount Stock Brokers
Monroe Street Plaza
Rockville
SIPC
Scottrade.com
Tay Rd
Safety Council
Mike Prokopik
Semmes, Bowen & Semmes
Beverly Kornides
Potoma
Rehabilitation Services
Tri-State Safety Council
Venice Inn
Hagerstown
Callin Amy Newlin
Mercantile
Mercantile Bankshares Corp
Fredericktown
Boni and Trus Co
Rae
T. Rene Prica
Roth Ira
Troweprice. Com
T.rowe Price
Semple
Aunt Rovernment Agency
T Rowe Price Investment Services
Lic
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