ETrade to Open in Britain Undercuts Local Brokers
Scripps Howard News Service reports that the largest U.S. online stockbroker ETrade will open in Britain, promising the lowest Internet commissions to lure British investors. The move pits aggressive U.S. operations against cautious UK brokers and aims to export U.S. share ownership culture, with a \$23.70 commission heavily promoted for at least three years.
MENTIONED IN THIS ARTICLE
London
U.S
Britain
Etrade
Nordson buys VeriTec to expand packaging tech reach
Nordson Corp announces the purchase of VeriTec Technologies Inc a 28 employee Fairfield New Jersey supplier to the cardboard box industry. The deal aims to broaden Nordson's adhesive and coating offerings with VeriTec's cold adhesive and verification strengths while Nordson maintains a global 4200 staff and 1998 sales of 661 million.
MENTIONED IN THIS ARTICLE
Westlake
Nordson Corp
VeriTec Technologies Inc
Fairfield
VeriTec
Bill Omoletski
Eitan Keren
Omoletski
Nordson
Lisa Bowers
Bowers
Nevada regulators weigh jurisdiction in Ameritech merger
SBC Communications may face Nevada Utility Commission review over its 60 billion merger with Ameritech as Nevada Bell ownership triggers state authority. Three commissioners signaled jurisdiction but one dissenting member warned against overreach. If voted in, SBC must file terms or seek court ruling, delaying Labor Day approvals and risking deal collapse.
MENTIONED IN THIS ARTICLE
SBC Communications Inc
Marathon
Ameritech Corp
Nevada
SBC
Nevada Bell
Public Utilities Commission of
Ameritech
Illinois
San Antonio
Don Soderberg
Soderberg
Nevada Commission
Connecticut
Commission
Indiana
Indiana Supreme Court
Compaq to Cut Up to 8000 Jobs in Shakeup
Houston AP Compaq Computer Corp plans to slash up to 8000 positions as it seeks to trim costs after a 184 million dollar second quarter loss caused by price wars and weak sales. The cuts are led by new CEO Michael Capellas and add to 7000 jobs already being axed after acquiring Digital Equipment. The company reported a 10 cent per share loss on 9.42 billion in sales, with higher expenses from ads AltaVista and discontinued ventures. Shares moved higher after hours.
MENTIONED IN THIS ARTICLE
Dublin
Houston
Compaq Computer Corp
Michael D. Capellas
Compaq
First Call
Digital
AltaVista
New York Stock Exchange
American Express
Charles Schwab
Mindspring
Saturn Drops From Top In Auto Sales Satisfaction Study
Saturn falls to fourth place in a JD Power survey of auto sales satisfaction as five luxury makes Cadillac Jaguar Volvo tie for first. Saturn, GM’s small car unit, slipped due to higher buyer pressure ratings rising from 13 to 18 percent.
MENTIONED IN THIS ARTICLE
Saturn
Detroit
J.D. Power and Associates
Cadillac
Jaguar
Volvo
Land Rover
Mer
cedes-Benz
BMW
Lexus
General Motors Corp
J.D. Power
Jackson calls digital divide key to equality at NBA award
Jesse Jackson told reporters at the National Bar Association convention that Internet access and capital access, not a race gap alone, hinder Americans. He received the NBA Humanitarian Award, praised anti profiling efforts, and noted Rainbow/PUSH has bought stock in 250 major firms to push board diversity and minority investment.
MENTIONED IN THIS ARTICLE
Philadelphia
Jesse Jackson
Jackson
National Bar Association
NBA
Association
Rainbow/ PUSH Coalition
AOL and Foote, Cone & Belding to study Middle America online
Chicago ad agency Foote, Cone & Belding announced a broad market research partnership with America Online to bring Madison Avenue to the Internet. AOL and FCB will conduct in depth studies via Digital Marketing Services Inc to help clients quickly tailor products to changing consumer tastes. FCB, a True North Communications unit, has billings around $1.1 billion.
MENTIONED IN THIS ARTICLE
Middle America
America Online Inc
Chicago
Foote, Cone & Belding
Madison Avenue
AOL
Digital Marketing Services Inc
Dallas
Ad Agency
America
Paula Rusick
True North Communications Inc
Ausick
FCB
United States
Geon announces improved earnings for second quarter
The Geon Company reports second quarter ends June 30 with earnings of 13.3 million, nearly triple the year-ago figure. President CEO Thomas A Waltermire credits stronger demand and acquisitions for the rise.
MENTIONED IN THIS ARTICLE
Cleveland
Geon Company
Thomas A. Waltermire
Stocks end mixed after Greenspan address to Senate panel
The Dow fell 6.97 points to 10972.07 while the S&P 500 rose 2.56 to 1365.40 and the Nasdaq added 26.51 to 2705.84 as investors reacted to Greenspan's remarks. Traders awaited key employment and GDP data for clarity on inflation and rate policy.
MENTIONED IN THIS ARTICLE
Greenspan
Senate
NEW York
Federal Reserve
Alan Greenspan
Fed
Standard & Poor
Wall Street
House Banking Committee
Dow
Senate Banking Committee
Anthony O'Bryan
A.G. Edwards & Sons
St. Louis
Commerce Department
U.S
Also Mentioned on This Page
Scripps Howard News Service
Wendy’s
Microsoft
Paul Allen
Dan Harkins
The
Chronicle-Telegram
Chicago Tribune
Ellis
Dennis Archer
Mgm Grand Detroit
Jackson Bemoans
Knight Ridder
John Schmeltzer
Geon
Chip
Intel
Micron Technology Inc
Drugstore.com
Financial Accounting Standards Board
O'Bryan
Japan
Germany
France
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