Browns rely on Puma after Starter bankruptcy shocks league
Akron report details Starter Corp bankruptcy forcing the Cleveland Browns to switch to Puma for uniforms and sideline gear. The move affects NFL Properties, the NBA, MLB, and Kaufmanns as Starter’s collapse leaves a major gap in licensed merchandise and retailers scrambling to fill demand.
MENTIONED IN THIS ARTICLE
AKRON
Cleveland Browns
Starter Corp
Nike
Puma
Starter
New Haven
National Basketball Association
Major League Baseball
Kaufmann’s
NFL
Browns
McCarthy
CenturyTel posts strong second quarter results in 1999
Lorain based CenturyTel Inc reports second quarter 1999 revenues up over 7 percent to 416.8 million with net income rising 23.7 percent to 61.2 million and EBITDA up 8 percent to 225.5 million. CEO Glen F Post cites milestones and growth in long distance and cellular cash flow.
MENTIONED IN THIS ARTICLE
Lorain
CenturyTel Inc
CenturyTel
Glen F. Post
Bankruptcies Slip 2 Percent in Latest Year
Washington AP report notes a 2 percent drop in personal bankruptcies in the past year, the first decline since 1995. Administrative Office of the U.S. Courts data show second quarter 1999 filings at 345,956 down from 373,460 a year earlier.
MENTIONED IN THIS ARTICLE
Washington
U.S
Republicans' Tax Bill Provides Broad Business Breaks
The 792 billion tax cut package backed by Republicans offers direct benefits to businesses from railroads to Arrowhead makers and multinationals. About 72 billion in cuts over 10 years go to business, with provisions ranging from a 24 billion international tax shift for U.S. firms to a narrow excise tax change for specialty arrowhead makers, amid mixed Republican support.
MENTIONED IN THIS ARTICLE
Washington
Congress
Clinton
House
Senate
Evan Liddiard
KPMG
Aluminum giants begin merger talks to form world’s biggest firm
Canada’s Alcan Aluminium, France’s Pechiney and Switzer land’s Algroup said they were in advanced discussions for a three way cross border merger. The combined company would post annual revenue above 24 billion dollars and produce about 2.6 million tons of aluminum annually.
MENTIONED IN THIS ARTICLE
Canada
Alcan Aluminium
France
Pechiney
Switzerland
Algroup
Alcoa Inc
Alcoa
Alcan
Montreal
GM forms e-GM to turn cars into four wheeled Web sites
General Motors announced the creation of e-GM a global Internet commerce venture aimed at making vehicles into connected Web platforms. Analysts say the move could spur computerization across the auto industry and boost online car sales. Some question how much impact e-retailing will have on overall vehicle sales.
MENTIONED IN THIS ARTICLE
General Motors Corp
E-Gm
Qwest offers free long distance with data plan
Qwest Communications unveils 250 free minutes of long distance for $24.95 monthly Internet access, charging 10 cents per minute after 250. The move follows nickel deals from MCI WorldCom and Sprint, as AT&T remains on the sidelines, aiming to draw data users into its network.
MENTIONED IN THIS ARTICLE
Qwest Communications International Inc
Qwest
MCI WorldCom Inc
Sprint Corp
Cartier
At&t Corp
Jonathan Ebinger
Consumer Markets
Internet Stocks Help Stall Market Slide Amid Rate Hike Bets
The Dow fell 52.55 to 10,655.15 as investors priced in possible Fed rate increases. Nasdaq dropped 28.87 to 2490.11 and S&P 500 slid 16.37 to 1281.43, though Internet shares rebounded led by Yahoo and Amazon amid cautious optimism.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve
Standard & Poor
Wall Street
Dow
U.S
Fed
Federal
Open Market Committee
Asia
Russia
Latin America
Alfred E. Goldman
A.G. Edwards & Sons Inc
Yahoo
Amazon.com
Ralph Bloch
Financial Services
J.P. Morgan
Sumitomo Corp
Lucent
International Network Services Inc
INS
Cisco Systems
Cisco
Hot Jobs.com
New York Stock Exchange
Japan
Germany
Britain
France
Also Mentioned on This Page
Knight Ridder Newspapers
Brian McCarthy
NFL Properties Inc
National Football League
District of Delaware
Bryan Nasal
Puma AG Rudolf Dassler Sport
Lorain’s
Chicago
MCE WorldCom Inc
MCI WorldCom
Linda Laughlin
Silicon Graphics
San Jose
Calif
SGI
Cray Research
Silicon Graphics Inc
General Motors Co
Dave Camp
Michigan
Ation
Nelson Litterst
The
National Federation of Independent Business
Sen
John McCain
R-Ariz
Ford
Ford of Canada
Ontario
South Dakota
Sturgis
Aluminum Giants
Washington Post
Wahid Fathi
ABN Amro
American National Can Group
Chicago Tribune
McDonald’s
Mickey D’s
Ebinger
Lyst
Raymond James & Co
St. Petersburg
Fla
Ebay
Federal Reserve Bank
Robert McTeer Jr
Dallas
Greater Dallas
Treasury
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