Wall Street Greed and Takeover Turmoil in Selloff
A sharp market slide wiped out billions and derailed major takeovers. Donald Trump scrapped a 7 billion AMR bid after a 22 dollar drop, while a Wolf-led group failed to fund a 68 billion CAL Inc. buyout. The piece recalls 1987 losses by Hart and Hart and notes the possibility of an end to the takeover binge as bankers balk at profits and high fees.
MENTIONED IN THIS ARTICLE
Wall Street
Donald Trump
American Airlines
Trump
AMR Corp
Stepuca Wolf
Republic Airlines
CAL Inc
United Airlines
Wolf
UAL
Herbert
Robert Hart
Dayton Hudson Corp
Mr. Wolf
WAL
U.S
Wall Street Journals
Tokyo stocks rebound as yen weakens modestly
Tokyo exchange shares edged higher denying a Wall Street plunge, with the Nikkei 225 up 0.32 percent to 35,107.06 while the dollar slipped to 142.10 yen. Traders noted calm trading despite a larger U.S. trade deficit and Tokyo's caution on rate-sensitive issues.
MENTIONED IN THIS ARTICLE
Tokyo . AP
Tokyo Stock Exchange
Wall Street
Sikker
Theargest
Erica
Sata
Dollar Falls in Europe Amid Earthquake News
In early European trading, the dollar weakened on San Francisco earthquake impact and a tepid trade deficit outlook. Gold rose on a softer dollar and higher oil prices. traders await NYSE moves after August US trade gap hit 10.8 billion, about 17 billion worse than forecast, with Dow Jones watching closely. Exchange rates slid: marks 1.8470, francs 1.6215, lire 1381.50.
MENTIONED IN THIS ARTICLE
London
San Francisco
New York Stock Exchange
Jens-Aine Fischer
Hanover Bank
Frankfurt
Modest market gains as stocks rise after quake fears
New York stocks posted modest gains on Wednesday as investors regained calm after earlier volatility. The Dow rose 4.92 to 2,643.65 while the NYSE composite climbed 0.43 to 18,932 amid subdued volume of about 189. millions. Investors eyed quake-related insurance claims and potential premium hikes as a factor in insurers' profits.
MENTIONED IN THIS ARTICLE
New York
California
San Francisco Bay Area
Wall Street
Asmon
Spe
Wilshire Associates
NYSE
Hech
Dow Jones
IBM
Kmart
Litton
Lowes
Loyola Corp
Allg Pwr
Tenece Marriotte
Avemco
Mercantile Baltge
Bakshr
Banttec
Moore Corp
Penney
CSX Corp
Potom E
Citizens Bank A
Sears Clorox
Sovran
Comsat
Kirk Standex
Exxon
Fcnb Corp
Whittaker
F&m Bancorp First Bank
Fred
General Motors
Ferris, Baker Watts, Inc
Giant Foods Ra
Frederick
Fredericktown Bank Promises Trust Through Local History
The Fredericktown Bank touts its 1828 founding in Frederick County as evidence of security and stable growth. It notes high ratings from national financial publishers and contrasts its community focus with newer, larger banks merging into bigger conglomerates seeking their own growth rather than customers.
MENTIONED IN THIS ARTICLE
Fredericktown Bank
Frederick County
America
Maryland
Also Mentioned on This Page
Frederick Cablevision
Robert Krebs
Mid- Atlantic Co-Op
mid-Atlantic
The
Frederick News-Post
Quality Inn-Frederick
Dick Youngblood
St. Paul
Star Tribune
Tokyo Stock Exchange Up
U.S. Commerce Department
Yano
Tokyo
Mr. Yano
Europe
Mercasthe
Fredericktown
FDIC
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