Global BT AT&T venture reshapes international telecoms
British Telecom and AT&T launch a $10 billion joint venture to merge their international telecoms and create an unparalleled Internet platform for global electronic commerce. The 50 50 entity plans US base operations with 5000 employees, led by BT chair Sir Iain Vallance, aiming for $10 billion revenue and $1 billion profit in year one and 15 percent growth thereafter. Regulators in US Britain and EU must approve. some overlapping jobs may be cut.
MENTIONED IN THIS ARTICLE
London
British Telecommunications
At&t
U.S
MCI
WorldCom
John D. Zeglis
United States
Britain
European Union
Iain Vallance
Let’s
Peter Banfield
British
Bruce
W.T
Auburn
Roth
Hope for end of strike seen in GM negotiations
Round the clock talks to end the seven week dispute between General Motors and the United Auto Workers gained momentum as GM agreed to return stamped dies to the Flint Metal Center. Twelve trucks delivered the 27 ton dies while roughly 200 strikers cheered. Top UAW and GM leaders attended high level talks as an arbitrator finished hearings on contract violations.
MENTIONED IN THIS ARTICLE
Flint, Mich
General Motors Corp
Flint Metal Center
Jeff Sloan
Delphi
Flint East
General Motors
Geralyn Sprowl
Darryl Baker
Flint
Mich
Nothing illegal about commissions
Dear Bruce answers reader questions on real estate brokers and commission norms noting typical rates of six to seven percent with room for negotiation, and a reader asking about price fixing in a market. Also covers retirement rollover options and CD loss recovery steps with practical guidance.
MENTIONED IN THIS ARTICLE
Bruce
Knoxville
Tenn
Dear
A.A
Opening Stocks Brisk Amid Early NYSE Activity
Early prices show a flurry of activity on the New York Stock Exchange with notable gains and mixed volumes. Across numerous listed firms including AT&T, Bank of America, and Bear Stearns, price shifts reflect broad investor interest in the day’s opening trades while some listings show volatility and varied volume.
MENTIONED IN THIS ARTICLE
New York
NYSE
BO Bog
Oly Bancome
P BankAm
BkBost
BayNtnk
Bhp Salas
Tiana Nel Art UK
BeliSo
BeigBr
BasiBuy Boeng
Brunswick
Cas
ConPeg
Also Mentioned on This Page
Giant Telecommunications Deal
At&t-Unisource
WorldPartners
Ular
United Auto Workers
Steve Jarrad
Pete Ternes
UAW
Presi
Dent Stephen Yokich
Richard Shoemaker
Gerald Knechtel
Aue Ted
York
Smart Money
P O
Eifers
Bethlilgte
Bruce Iwilliams
Jove
Sas
dewlenPk
Hilton
Donna Lonesig
Kmart
Kelloggs
Keycorp
Lsilog
Uméd Loewen
LoralSp
LaPar
MediaQna
Marck
Merilyn Mian
Mobi Monsan
Msdwit Motorola Mylan Niserm
NatnsBk
Newmim
TelMex
Texaco
Compass ConAgras
Dears
OraDis
Disney
DuPont
Tyg Rowan
Salaway
Big Schimd
Seagate
TelBrass
Toyau
Sova
UmanPac
WalMart Oor
Xerox
Zapata
Invacare
Akin Investment
Walnut Street Securies, Inc
Lear
Bancorp
NASD
SIPC
AISG
WSS Lesco Inc
Mid-Am Inc
Allied Corporation
Nordson
Alltel
Northern Savings
American Greetings
Bob Evans Farms
PNC
Cedar Fair
Parker Hannifin
Chrysler
CoBancorp NA Rpm Inc
Columbia Energy
Royal Appliance
SY Ovs
Shenwin Williams
Emerson Electre
Smuckers
SJMA
Stens
Englehard Sunrse Medical
First Energy
T.R.W
FirstMent Bancorp
USX
Ford Motor
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