Sprint and Nextel to Merge in 35 Billion Deal
Sprint Corp and Nextel Communications Inc announced a merger valued at about 35 billion dollars creating Sprint Nextel, the third largest U S wireless provider with roughly 40 billion in revenue and over 35 million subscribers. The deal combines leadership by Gary Forsee and Timothy Donahue, with executive and operational HQs in Reston Virginia and Overland Park Kansas respectively. Sprint shareholders receive one new share per original, Nextel holders get 1.3 shares plus cash, and the plan includes spinning off Sprint's local telecom business to the new entity.
MENTIONED IN THIS ARTICLE
New York
Sprint Corp
Nextel Communications Inc
Sprint Nextel
Cingular Wireless
Verizon Wireless
Sprint
Nextel
Reston
Overland Park
Kan
Gary D. Forsee
Timothy M. Donahue
Forsee
U.S
Fed raises rates as it signals higher path next year
The Federal Reserve increased rates by a quarter point to 2.25 percent marking the fifth rise since June and implying further hikes in 2002. Banks lifted prime lending to 5.25 percent. stock markets rallied with the S&P 500 Nasdaq and Dow posting gains. Analysts praised Greenspan and the Fed for guiding a cautious exit from easy money without turmoil.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Federal
Fed
Wall Street
Standard & Poor
Dow
Alan Greenspan
Google's Library Scan Aims to Archive Millions of Books
Google plans to scan millions of library volumes including Harvard and Michigan works to create a digital record. Librarians see benefits for accessibility while concerns about copyright language barriers and impact on traditional libraries persist. The project would add scanned texts to Google’s main index, with public domain items fully accessible.
MENTIONED IN THIS ARTICLE
Google
Yahoo Inc
Microsoft Corp
Michigan
Wilkin
Harvard
Sidney Verba
Verba
Danny Sullivan
Search Engine ‘Watch
Medal ceremony honors Bremer and Franks in Iraq role
President Bush lauded Bremer and Gen Tommy Franks for leading Iraq and Afghanistan operations. Critics questioned postwar planning and troop levels, while Kerry aides urged evenhanded recognition of prior honorees amid ongoing debates about the war.
MENTIONED IN THIS ARTICLE
Jerry
Iraq
Bush
Bremer
Afghanistan
Tommy Franks
United States
George Tenet
Paul Bremer
David Wade
John Kerry
D-Mass
George Bush
Tenet
Pope
Mr. Rogers
Rosa Parks
Martin Luther King Jr
White House
Scott McClellan
Franks
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Janome
Jusynne
Yann
Wah
Carr
Uni
Roberts, Horn, & Arrow
Main Street
Ottawa
Pte
At' S
Aindowr
SS Superior
Chris
The
Herald
Petilzatt Laat
Aya
Ainina
Ottawaherald.com
Franklin County
Ottawa Herald
George Johnson
Chestnut Grove
Rantoul
Richmond
George Kelly
Santa Fe Railroad
South Cedar
COA Alba
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