Oil prices spark Wall Street pullback after Dow nears 13000
Stocks reel from high levels as oil climbs above 65 a barrel and takeover talk persists. Barings PLC to buy ABN Amro for 91.26 billion while AstraZeneca to acquire MedImmune for 15.6 billion. Wall Street wary as earnings stay solid but growth cools and the dollar weakens.
MENTIONED IN THIS ARTICLE
New York
Barclays PLC
ABN Amro NV
AstraZeneca PLC
U.S
Medimmune Inc
Wall Street
Peter Cardillo
Avalon Partners Inc
New York Mercantile Exchange
Nigeria
Nationwide settles with Katrina victims in Mississippi case
Nationwide Mutual Insurance Co ends litigation with up to 227 Gulf Coast homeowners over Katrina damage after storm surge disputes. Led by Richard Scruggs, the team negotiates a mass settlement with terms undisclosed and potential immediate payments. NOS confirms the accord and dismissal of suits as policyholders await details.
MENTIONED IN THIS ARTICLE
Nationwide Mutual Insurance Co
Mississippi
Gulf Coast
Richard “Dickie” Scruggs
State Farm Insurance Co
State Farm
Scruggs
Nationwide
Allstate Insurance Co
MetLife Inc
United Services Automobile Association
Mississippi Farm Bureau Insurance Co
Zach Scruggs
Katrina
L.T. Senter Jr
Paul
Julie Leonard
Pascagoula
Leonards
George Dale
Overdraft lesson from ATM use sparks six fees
Richard Seay of Garner recounts six NSF fees totaling 210 after ATM withdrawals posted in high to low order. Wachovia spokesperson notes this as industry practice. Experts say weekday processing and overdraft links can trigger multiple charges and advise checking bank policies and using overdraft protection. Seay plans to switch to money orders to avoid future fees.
MENTIONED IN THIS ARTICLE
Richard Seay
Seay
Garner
N.C
Wachovia
Christine Shaw
Food Lion
Shaw
Laura Bruce
Bankrate.com
Ross Waldrop
Federal Deposit Insurance Corp
Washington
Bruce
Sean
Parker Hannifin to switch auditors to Deloitte triumphs
Parker Hannifin Corp will replace PricewaterhouseCoopers with Deloitte & Touche as its independent auditor starting July 1, after an eight month review. The firm, a maker of motion and control systems, posted sales above $9 billion last year and rose $2.05 to $92.11 on the NYSE.
MENTIONED IN THIS ARTICLE
Parker Hannifin Corp
Cleveland
PricewaterhouseCoopers
Deloitte & Touche
Parker Hannifin
New York Stock Exchange
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