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The Chronicle Telegram in Elyria, Ohio

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Articles on This Page

This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 16, 1998

Page

6

Monogram Credit Services to replace White Label Center

First USA Bank and GE Capital form Monogram Credit Services LLC, shutting the Dayton suburb Private Label Center in six months to launch the venture employing about 220. GE Capital is a major private label card provider and General Electric unit.

Kettering First USA Bank Bank One Corp GE Capital Corp Monogram Credit Services LLC GE Capital General Electric Co Bank One Dayton First USA David Webster

Citigroup to Cut 10 400 Jobs in Merger Aftermath

Citigroup plans to eliminate 10 400 positions, about 6 5 percent of staff, with 3 600 cuts in the United States. The move aims to save roughly 680 million dollars in 1999 and 975 million in 2000, as it seeks profit growth following the Citicorp Travelers Group merger. Wall Street greeted the plan with a positive response as Citigroup stock rose.

New York Citigroup Inc Travelers Group Citigroup Wall Street New York Stock Exchange

Net music fee plan to curb online piracy

Washington reports the music industry will push a Secure Digital Music Initiative to control Internet music, collect royalties, and spur new products after uniting behind a digital format to replace MP3 like formats used on many sites.

Washington

Gates denies power tactics in Windows probe

In a lull between witnesses, Gates testified as government tapes showed him denying that Microsoft tracks user counts for Windows. Prosecutors questioned a March 1994 email suggesting Windows sales to IBM should pressure IBM into dropping Lotus products.

Washington Microsoft Bill Gates Gates IBM Corp IBM Lotus Development Corp

Saturn names first female U S car company head

Cynthia M. Trudell will replace Donald W. Hudler as president of Saturn Corp at Spring Hill effective January 1. Analysts say appointing a woman leader aligns with a female majority among Saturn buyers and may steer vehicle design toward women’s needs. The move marks a historic top job for a U S automaker.

Nashville, Tenn Saturn Corp General Motor Cynthia M. Trudell Donald W. Hudler Spring Hill U.S Trudell Saturn Eric Noble AutoPacific Inc Santa Ana Calif

AOL Ties With Cisneros for Latin Online Venture

AOL and Venezuela's Cisneros Group announced a joint venture to develop online services for Argentina Brazil and Mexico written in Spanish and Portuguese. Cisneros will invest 100 million dollars to fund the venture and AOL will supply content and expertise while offering the joint content to US and other subscribers.

Springfield America Online Argentina Brazil Mexico AOL Cisneros Group South America Cisneros United States

Swiss begin survivor payouts to US recipients

More than 50,000 needy Holocaust survivors in the United States will receive goodwill payments of about 500 dollars each from a humanitarian fund created by Swiss banks and corporations. The fund totals about 180 million dollars, with 32 million earmarked for US survivors, and follows a prior accord on dormant wartime accounts.

New York United States World Jewish Congress Elan Steinberg Steinberg World Jewish Restitution Organization Humanitarian Fund Switzerland

Opening stocks show mixed early activity in New York

Early prices on the New York Stock Exchange list heavy volume for many names led by Abilabs and AMD with modest gains to late morning. Banks and consumer goods firms including BankOne, BankAm, Boeing, Exxon, General Electric, and Nike appear with varied changes amid broad volatility and sector rotations.

New York NYSE Rrust Alstalag AmOnines Amocos E BankOne YAO Sly Thy Bellas Boeing Fate -Ne Sami SHIM agiHods

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