Conseco Nears Bankruptcy After Green Tree Deal
Conseco Inc faces possible Chapter 11 as the Green Tree Financial purchase in 1998 leaves the Carmel company burdened by about 6.5 billion dollars in debt. Once a Wall Street favorite, Conseco now sees its stock tumble from highs near 58 dollars to under a nickel as missteps, debt, and asset sales erode earnings.
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Indianapolis
Conseco Inc
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Middle America
Conseco
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Conseco Fieldhouse
Indiana Pacers
Manhattan
General Motors
Donald Trump
Te Company
Robert Rodriguez
First Pacific Advisors
Carmel
Ind
Shell
Green Tree
Stephen Hilbert
David Erb
Hilbert
Gary Wendt
GE Capital Services
Delta to expand flights at Cincinnati hub
Delta Air Lines plans a three year expansion at its Cincinnati/Northern Kentucky hub to add destinations and frequencies. Delta aims to boost the hub’s size and profitability with a double digit rise in aircraft and 20 to 30 more departures by next year, said vice president Subodh Karnik.
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Hebron
Delta Air Lines
Subodh Karnik
Delta
The
Cincinnati Enquirer
Cincinnati
Northern Kentucky International
Atlanta
Karnik
Sportsman of the Year 2002 first American to win fourth Tour de France
Sports Illustrated named its Sportsman of the Year for 2002 honoring the first American to win a record fourth Tour de France title, with details on the historic achievement.
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Sports Illustrated
United Airlines to Cut Labor Costs in Bankruptcy
United Airlines plans $2.4 billion in labor savings by mid February as lenders push cutting costs during bankruptcy. unions report management proposed deep concessions affecting flight attendants machinists pilots and mechanics alongside a broader restructuring. DAL stock traded down to $1.47 as the process continues.
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United Airlines
O'Hare International
Chicago
United Management
Flight Attendants
United
Joe Hopkins
Association of Flight Attendants
Steve Derebey
Iine
United Parent Dal Corp
New York Stock Exchange
Bargain hunters spark a Dow surge after two week decline
Bargain hunters bought discounted stocks, lifting the Dow by about 199 points to 8,527.40 as Nasdaq and S&P also rose. Analysts cited oversold conditions and improving earnings with consumer spending steady. Upgrades boosted CSX, Delta, JCP, and Wal Mart as December same store sales beat forecasts?
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New York
Dow Jones
Peter Cardillo
Global Partner Securities Inc
Dow
Standard & Poor
Wall Street
David Sowerby
Loomis, Sayles & Co
Wal-Mart
Dollar Mixed as Market Rally Fails to Lift It
The dollar rebounded versus some majors amid talk of Japan intervention and remained subdued against others as equities rallied. The euro held above $1.02 after breaking it the prior Friday, while tech stocks led gains with Dell and Broadcom rising. Global markets showed mixed strength, with the Dow up 2.3 percent and European indices advancing, though Japan's Nikkei fell.
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New York
Dow Jones/ AP
Japan
U.S
Dell Computer
Broadcom
New York Stock Exchange
Europe
France
Britain
Germany
Omnicare Rival Walks From NCS Deal For 22 Million
Genesis Health Ventures agrees to exit for 22 million after Delaware Supreme Court blocks its planned 40 million stock deal for NCS HealthCare. Omnicare had raised its unsolicited bid to 5.50 a share and extended tender to December 27.
MENTIONED IN THIS ARTICLE
Covington, Ky
Dow d Jones/AP
Omnicare Inc
Genesis Health Ventures Inc
NCS HealthCare Inc
NCS
Delaware Supreme Court
Genesis Health Ventures
Omnicare
Delaware
Covington
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