Firms form mega merger creating Bell Atlantic Nynex
AP reports Bell Atlantic and Nynex agreed to a 23 billion stock swap merger creating a 37 million line system from Maine to Virginia. About 3,000 jobs will be eliminated. combined NY based Bell Atlantic will employ 133,000 with 27.8 billion in revenue.
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Italy turning left after elections sways Chamber and Senate
Italy's former Communists aided by centrists and hard-liners appeared set to form the government with a slim three-seat majority in the Chamber of Deputies. The center-left swept the Senate with 167 seats to the right's 117 in a vote seen as breaking four years of paralysis.
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