Merger of PacTel and SBC Draws Mixed Reactions
Analysts warn the PacTel SBC merger could curb competition and hurt small businesses while boosting market power and cross border access. California officials stress headquarters remain in state and benefits to consumers depend on pricing and service access amid deregulation.
MENTIONED IN THIS ARTICLE
Fritz Ringling
Network Dynamics
New York
California
PacTel
San Francisco
San Antonio
Michael Noll
University of Southern California
Annenberg School
Wilson
SBC
Julie Meier Wright
Trade and Commerce
Pacific
Latin America
Pacific Bell
Bell
At&t
MCT
Sprint
Southwestern Bell
TelMex
Nynex
Bell Atlantic
Baby Bells
General Telephone & Electronics
William Davidson
USC
Mesa Research
Redondo Beach
GM board approves spinoff of EDS unit
GM directors approve a one for one stock spinoff of Electronic Data Systems to form the world's largest independent computer services company valued over 25 billion dollars. EDS will pay GM 500 million, with tax facts and job cuts disclosed and shareholder approval pending. Maryann Keller calls it a long divorce benefiting both sides.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Electronic Data Systems
EDS
Texas
Ross Perot
Internal Revenue Service
Plano
Sprint Corp
British Telecom
Maryann Keller
Furman Seiz Inc
Dallas
Freeman plant eyes relocation to Avon for 30,000 foot site
Avon officials discuss Freeman Aluminum relocating from Cleveland to a 30,000 square foot facility on Moore Road bringing 50 jobs with 30 percent Lorain County residents. A potential $75,000 state grant for road serving the new industrial complex is noted. Other abatements granted include Manco Inc at 75 percent and Technifab Engineered Products at 50 percent for 10 years.
MENTIONED IN THIS ARTICLE
Freeman
Cleveland
Avon
Detroit
Moore Road
Lorain County
James Smith
Pittsburgh
Manco Inc
Easter seasonal candies and flowers bloom across area shops
Easter candy lines include chocolate eggs and bunnies with marshmallow eggs and jelly beans. Baskets range $10 to $50, floral orders vary from 50 cent single stems to $75 arrangements. Florists report brisk spring sales, with centerpieces, Easter decor, and early ordering, though corsages fade. Easter keeps drivers busy shipping weekend deliveries.
MENTIONED IN THIS ARTICLE
Mailey
Yvonne Thompson
Puffer
Elyria
Thompson
Botamer Florist
Greg Puskas
Puskas
Botamer
Megadeals reshape economy amid deregulation and tech progress
Across industries two major patterns emerge as firms pursue merger and acquisition moves. Baby Bells SBC and Pacific Telesis buy broadened telecom platforms while Aetna merges with U S Healthcare, expanding health plans and cost management. GM plans to spin off EDS as it refocuses on core car business, underscoring a push toward focused dominance and differential growth.
MENTIONED IN THIS ARTICLE
Rockies
Aetna Snares
General Motors
Restless Computer
Mary Lou Steptoe
Federal Trade Commission
Bureau of Competition
Steptoe
Skadden, Arps
Slate, Meagher & Flom
SBC Communications Inc
Pacific Telesis Group Inc
Michael Jensen
Harvard Business School
Jensen
Aetna Life & Casualty Co
U.S. Healthcare Inc
Aetna
U.S. Health
General Motors Corp
Electronic Data Systems Corp
Ross Perot
EDS
Also Mentioned on This Page
MCI
Peter Bernsten
Infonautics Consulting
New Jersey
Robert Gnaizdla
Bernstein
Pacific Telesis
Pacific Telesis Group
GM Board
Oks
Los Angeles Times
Allan T. Spencer
Ohice
West Herrick
Wellington
Ohio
RCA
Ramote
Sherwood
EA Davenport
Bearcat
Kenmore
National Geographic Books
Alum
Walker
Elect
Hewitt-Packard
Packard Bell
Packard Ball
Sears Elect
U.S. Capitol
New Zealand
United Kingdom
British Virgin Islands
Post Office
Eaga
Elyria Lorain County
Terry S. Shilling
Mark A. Standen
Larry G. Standen
Jerry A. Standen
Stefanelli
Dixie Botamer
Hwertateline
Washington Pos
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