Cingular Wins Bid to Buy AT&T Wireless in Cash Deal
Cingular Wire less wins the bidding war to acquire AT&T Wireless Services for nearly 41 billion dollars in cash. The merger would create the nation's largest cell phone company and reduce national wireless players from six to five. Combined, Cingular and AT&T Wireless would have 46 million subscribers, challenging Verizon Wireless for market leadership.
MENTIONED IN THIS ARTICLE
Atlanta
Cingular Wireless
At&t Wireless Services
Britain
Vodafone Group PLC
At&t Wireless
Cingular
Atet Wireless
U.S
David Caouette
Guzman and Co
Patrick Comack
Verizon Wireless
Americans Embrace Big Engines In A Market Shift
Americans are renewing demand for large engines as SUV and truck buyers favor V-8s and Hemis. Ward's data show 29.1 percent of North American built vehicles used V-8 power last year, the highest since 1985, while 4-cylinder installs fell. Chrysler promotes the Hemi, claiming power with improved efficiency, even as environmentalists call for greener tech.
MENTIONED IN THIS ARTICLE
Detroit
Jack
Houston
Ford
North America
U.S
Ward
Chrysler
Industrial production up in January signaling recovery
Industrial production rose 0.8 percent in January after December was flat, the Federal Reserve reported. Economists see the gain as evidence that the manufacturing sector is reviving and expect capital spending to sustain the recovery, with 2003 showing a 0.2 percent overall increase.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Clifford Waldman
Manufacturers Alliance
MAPI
National City to buy Provident in $2.1B tax free swap
National City Corp plans a tax free stock swap worth 2.1 billion dollars to acquire Provident Financial Group of Cincinnati, positioning National City to lead Ohio bank deposits. The combined $33.99 billion would surpass Fifth Third and KeyCorp, with regulators’ approval needed. Analysts say deposits indicate market share and growth in the Cincinnati region.
MENTIONED IN THIS ARTICLE
Cleveland
National City Corp
Ohio
Provident Financial Group Inc
Cincinnati
National City
Provident
Fifth Third Bancorp
KeyCorp
SNL Financial
John Mackerey
Fitch Ratings
New York
Bob Maneri
Victory Capital Management
Also Mentioned on This Page
Cingular Oks
Stan Sigman
Cingular Cingular
SBC Communications Inc
BellSouth Corp
Hemi
Carlton Jack
Lourdes
Spring
Texas
The
Associated Press
Toyota
Honda
Daniel Becker
Sierra Club
National City Buying Provident Bank
Dow Jon
Dave
Dasy High
Batty Low
Soere
Irs
Pete
NYSE
Waar
Siegr
EROS
Ciara
Meroe
Coocest
lComvisea
Scala
Caert
Tess Gore
Suse Gute Ag
Verkaard
Talia Ory
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