Vivendi to buy Seagram for $30 billion create media giant
Vivendi agrees to an all stock deal valued at about $30 billion for Seagram, merging Universal Studios and Polygram with Canal Plus and Vivendi’s Internet assets to form Vivendi Universal. The Paris based group aims to rival AOL Time Warner and Viacom in global media.
MENTIONED IN THIS ARTICLE
Paris
Vivendi
Seagram Co
Universal Movie and Music Studios
Jean-Marie Messier
Vivendi Universal
AOL Time Warner
Viacom
Seagram
Distiller
Media Player
Bronfman
Canal Plus
Havas Publishing Group
Bskyb
AOL France
Edgar Bronfman Jr
Universal Studio
MCA
Matsushita Electric Industrial Co
Japan
Polygram Music Company
Phillips Electronics
Wired
Messler
Messier
Universal Studios
U.S
Universal
Luciano Pavarotti
Bob Marley
Ella Fitzgerald
Bjork
Europe
Edger Bronfman Jr
Vizzavi
U.K
Vodafone Airtouch PLC
Seagram’s
Philips to move 1500 Ottawa jobs to Mexico over three years
Philips Display Components will shift most television picture tube production from Ottawa Ohio to a plant in north central Mexico, eliminating about 1500 jobs at the town's largest employer. A three year transfer begins in late 2001, with 300 workers remaining for jumbo tubes.
MENTIONED IN THIS ARTICLE
Ottawa, Ohio
Philips Display Components
Ohio
Mexico
Ottawa
Toledo
John Benjamin
International Union of Electrical Workers
Philips
Cor Saris
Philips Displays Components
North America
Philips Electronics
Benjamin
Nancy Morman
Lima News
Early active stocks in New York on NYSE list
NYSE leading stocks feature gains and declines with Tehnical moves across odds and ends. Traders watch notable names such as Vishay and Agco amid volume shifts and mixed quotes.
MENTIONED IN THIS ARTICLE
New York
Glenn
PolyOne to unify Geon and Hanna in $3.5B merger
Avon Lake Geon and Cleveland M A Hanna merge to form PolyOne Corp a $3.5 billion polymer company. Geon and Hanna will consolidate with a Cleveland area HQ planned for May few Avon Lake jobs cut mostly retained. PolyOne aims to be single source for plastics rubbers resins and industrial film.
MENTIONED IN THIS ARTICLE
Avon Lake
Geon Company
M.A. Hanna Co
Cleveland
PolyOne Corp
Geon
M.A. Hanna
Hanna
Ber
Dennis Cocco
Cocco
PolyOne
Chicago
Bankers run used car lots in Bank of America venture
Bank of America opens Price Auto Outlet near Orlando International Airport, a 17 acre site selling off lease returns directly to customers. Bank aims to cut out dealers, using thousands of cars sourced from its own lease network. Executives tout scale while critics note dealer relations and bank familiarity with sales.
MENTIONED IN THIS ARTICLE
St.Petersburg Times
Orlando
Fla
Robert Kelly
Orlando International Airport
Bank of America Corp
Price Auto
Charlotte, N.C
Megabank
Bank of America
Jerri Franz
First Union
Barnett Banks
Florida
Fort Lauderdale
Kelly
Ben Bishop
Jacksonville
Allen C. Ewing & Co
New Jersey
New York
California
North Carolina
Greenspan sworn in for fourth term as Fed chair
Alan Greenspan was sworn in as Chairman of the Fed for a new four-year term. The oath was administered by Fed Vice Chairman Roger Ferguson in Greenspan's office after President Clinton nominated him on February 3. Greenspan originally took office August 11, 1987. his new term commences today.
MENTIONED IN THIS ARTICLE
Greenspan
Fed
Roger Ferguson
Bill Clinton
Central Bank
Also Mentioned on This Page
Melvin Gordon
Jimmy
Jeff
Jake Hoffman
America
TV Picture
Chinavin
Wey Ee
Horn
Kroyer
Lope
Imo
Luomat
Mortyn
Peete
Uniys
Iter Securities, Inc
NASD
SIPC
AISGG
WSS
Alter
He Ames Dept
Bob Evane
Invacare Corp
Kaycorp
Lear
LNB Bancorp
Leaco
Nordeen Corp
Northern Savings SS
de Phc Corp BI Parker Hannifin
Ye Rpm Inc
Royal Appliance
Sherwin Wittama
Sky Financial Group
Smuckers
Ie Sterts
Sunrise Medical
TRW Inc
UGK
York International
Geon, Hanna
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