FTC clears PepsiCo to acquire Quaker Oats for 13.4 billion
The FTC cleared PepsiCo to buy Quaker Oats for about 13.4 billion in stock, gaining Gatorade and expanding in sports drinks. Two commissioners opposed, warning of reduced competition. others signaled concerns could be addressed later. Quaker shares jumped, PepsiCo fell.
MENTIONED IN THIS ARTICLE
PepsiCo Inc
New York
Federal Trade Commission
Quaker Oats Co
Commission
PepsiCo
All- Sport
Quaker
Monarch Co
Atlanta
Dad's Root Beer
Bubble Up
Moxie
Sheila F. Anthony
Mozelle W. Thompson
Quaker Oats
Orson Swindle
Thomas B. Leary
Steve Reinemund
FTC
Quaker’s
States clash over garbage imports at House hearing
Washington AP states battle about waste imports arguing they lack power to limit receipts. Congress may grant power to freeze imports and cap landfill intake while New York and other exporters defend municipal choices.
MENTIONED IN THIS ARTICLE
Washington
No Voice for Po or Communities in Trash Spill Debate
Pennsylvania environmental secretary David Hess and Rep. Paul Gillmor of Ohio declined to back any plan on interstate garbage disposal. GOP Rep. James Greenwood, sponsor of a measure, argued the current system lets states dodge creating disposal plans by shipping waste out of state. The issue was raised on the Net House Energy and Commerce Committee and Congress pages.
MENTIONED IN THIS ARTICLE
Congress
David Hess
Pennsylvania
Environmental Protection Secretary
Virginia
Michigan
Ohio
Indiana
Environmental Protection
Paul Gillmor
GOP
James Greenwood
Techs rise on semiconductors
Wall Street advanced as Merrill Lynch upgrades semiconductor stocks including Texas Instruments and Applied Materials, with Abby Cohen and others boosting tech sentiment. Despite weak manufacturing and construction data, Dow components gained as markets anticipated a bottoming cycle and potential bull market.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Merrill Lynch
Texas Instruments
Barry Hyman
Ehrenkrantz
King Nussbaum
Abby Joseph Cohen
Goldman Sachs
Dow
S&p
Novellus
Priceline.com
IBM
Hewlett-Packard
Intel
Home Depot
General Motors
American Express
Philip Morris
New York Stock Exchange
Grain futures slip as weather boosts corn and soy forecasts
Chicago grains eased on Wednesday as improving forecasts for rainfall and milder temperatures reduced demand. Soybeans led declines with September prices dropping, while corn and oats followed. Wheat fell modestly amid light trading ahead of upcoming crop estimates.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Stockyards Springfield Hog Prices Report
Barrows and gilts show uneven gains up to fifty cents with various eye weights quoted. Negotiated purchases total eighteen thousand five hundred ninety seven hogs across Illinois direct markets with steady lows and several price bands for different weight ranges. Boars' prices range from thirty to forty four dollars depending on weight.
Market snapshot shows gains in overseas shares
U S and overseas markets rose midweek with the Nikkei up 0.8 percent while Britain's FTSE 100 gained 0.3 percent and France's CAC-40 rose 0.5 percent. Germany's DAX slipped 0.4 percent. Dow Jones closed at 10510.01 with a 12.80 point increase. Volume figures show US trading activity across NYSE and consolidated totals.
MENTIONED IN THIS ARTICLE
Japan
Europe
Britain
France
Germany
Lost Internet sales tax could hit state budgets
The Congressional Budget Office warns that tax revenue lost from online, catalog, and telephone sales could force many states to cut spending or raise other taxes. Estimates reach up to 20 billion dollars by 2003 if states cannot collect remote taxes. Congress debates enabling collection by DC and 45 states, amid concerns over complex jurisdictions and enforcement.
MENTIONED IN THIS ARTICLE
Washington
Congressional Budget Office
G. Thomas Woodward
CBO
Senate Finance Committee
Woodward
Congress
District of Columbia
Supreme Court
Flight Attendant Sues UA Over Insect Spray
Chicago based suit claims United Airlines pesticides exposed cabin crew on 747 400 jets serving Australia and New Zealand. Susan Matthews alleges a full body rash after Australia trip and seeks class action status in Cook County Circuit Court.
MENTIONED IN THIS ARTICLE
Chicago
Australia
New Zealand
United Airlines
United Flight
Susan Matthews
United
Rob Jones
Matthews
Jones
Cook County
California school workers join AFL-CIO cause
The California School Employees Association voted to affiliate with the AFL-CIO, becoming the second new member in weeks. Representing public school workers in California, the union gained independent charter at its annual conference, following United American Nurses’ June affiliation, amid AFL-CIO membership raids and internal rivalries with groups like the American Federation of Teachers.
MENTIONED IN THIS ARTICLE
Washington
California School Employees Association
Afl-Cio
Labor Alliance
California
United American Nurses
United Brotherhood of Carpenters
American Federation of Teachers
Also Mentioned on This Page
Cathy MacFarlane
Pepsi
Robert S. Morrison
Morrison
Congressional Research Service
New York City
New Jersey
Illinois
Missouri
Maryland
Joseph Loot
House Energy and Commerce
Ed Towns
D-N.y
Subcommittee
House Energy and Commerce Committee
House.gov
Commerce
Thomas.loc.gov
Cohen
CNBC
National Association of Purchasing Management
NYSE
At&t S
AbtLab
Aberfite
AMD
Agere
BankOne
Bk of Am
Ey “Danaher pSem
Pont
Ic Cp
Sco
Vars
onMs
redMac
Saa
Lec
Sier
Kfr
Jpmorgch
John Jns
JonesApp
Kraft N Kmart
LSI i ErspKrm
Libtym
LillyEli
Lucent
Medtrnic
MellonFne
Merck
MerrLyn S
Motorola
NouleDr NtSemi
Nortelinw NokiaCp
Oceane
Peni
Prizer
QuakrOat
SBC Com
Tmicro
Schimacher
Schwab
SciAtlanta
SouthnCos
Spratfon
Spratpcs
Symbits
Syscos
aiwSems
Target
Texaco
Texinst
Transoen
Tycointl
Erst
dMicron
UtdTech US Banerp
WisCom
Springfield
Herrin
Michael Dann
Aaron Seiber
Diecker-Terry Construction Co
Kroger
Dow Jones
Standard&Poors
American Stock Exchange
Russell
Wilshire
Ee Alcoa Inc
Ameren
Eateries
Pennzoil
Fifth Third Bank
Psi
First Data Corp
Pepsi Americas
Applied Materials
First Union
Archer
Ford Motor Co
Avaya
Gen Dyn
Morris
AXA
Harley Davidson
Polaroid
Baker Hughes
Harrah's
Proxim Pro-Fac
Bemis
Qualcomm Birm. Steel
Integra Bank
Bob Evans
JC Penney
Ores Tull Sears
Boeing
Kerr McGee
Solutia
BP Amoco
Kinder Morgan
Southern Co
Brunswick Corp
CINF
McDonald
US Office Products
Coke
MetLife
Erizon
Cona
Microsoft
Walgreens
CVS Corp
Mips Tech
Wal-Mart
Nbty Inc
Wen
Dillard's Devon Energy
Occi. Petrol
Dollar General
Jeff Zack
The
Association of Flight Attendants
Zack
California School Workers
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