Philip Morris to Acquire Nabisco for 15 Billion Dollars
New York reports Philip Morris Companies agrees to buy Nabisco Holdings for about 14.9 billion plus 4 billion debt. The move fills a cookies and crackers gap, adding 18 brands to Kraft Nabisco portfolio and making the combined group a major world food player. Investors sent Nabisco and Philip Morris shares higher on the NYSE amid a bidding war that involved Carl Icahn and interests linked to France.
MENTIONED IN THIS ARTICLE
New York
Philip Morris Companies Inc
Kraft Foods
Nabisco Holdings Corp
Philip Morris
Geoffrey C. Bible
Kraft
Nabisco
Nestle
Switzerland
Nabisco Holdings
Nabisco Group of
Parsippany
N.J. Nabisco Group
Phillip Morris
New York Stock Exchange
Nabisco Group
R.J. Reynolds
Carl Icahn
France
Danone SA
Britain
Cadbury Schweppes PLC
Danone-Cadbury
Danone
Cadbury
James M. Kitts
Lazio blasts Clintons for high gas prices
Republican Rick Lazio attacked Hillary Clinton and President Clinton over rising gas prices in Williamsville New York. Lazio urged repeal of the 4.3 cents tax hike from 1993 and a six month suspension of the 18.3 cent federal tax plus Open push to boost OPEC production and tap the strategic reserve. Clinton countered Lazio missed a June House vote on a Northeast oil reserve prompting Lazio to defend his record.
MENTIONED IN THIS ARTICLE
Williamsville
N.Y
Rick Lazio
Senate
Hillary Rodham Clinton
Clinton
Buffalo
Lazio
Edward Egan
Fazio
Clintons
OPEC
Long Island
New York
House
Northeast
EU calls for core principles in competition policy
EU competition chief Mario Monti told Washington trade lawyers that core principles should guide WTO talks, to be applied via a peer review mechanism but not intrude on national antitrust decisions. He cited transparency, nondiscrimination, due process, and judicial recourse, plus cooperation in cross border mergers.
MENTIONED IN THIS ARTICLE
Washington
World Trade Organization
Mario Monti
Monti
WTO
Geneva
Seattle
Michael Moore
Justice Department
Federal Trade Commission
U.S
Charlene Barshefsky
AOL
Time Warner
WorldCom/Sprint
Lawyers’ Group
Energizer e2 debuts as super premium battery line
Energizer announces Energizer e2 a new super premium battery developed at its Westlake facility. The product targets 10 percent of households 15 percent of category volume and 25 percent of retailer profit with a titanium based technology yielding longer life. Initial rollout reaches 100 000 stores by July with 500 truckloads and 25 000 semi permanent displays. Walmart Kmart Target and Home Depot expected to carry it by July. A $100 million global marketing push supports an emotional campaign created by DDB Chicago airing networks from August 2000.
MENTIONED IN THIS ARTICLE
Westlake
Energizer Today
Energizer
Jeff Ziminski
U.S
Ziminski
Walmart
Kmart
Target
Home Depot
DDB
Chicago
Venezuela
Network
Energizer E2
Michael R. Masuetto
Ohio
Early Active NYSE Stocks Mixed Amid Blurred Prices
New York AP reports early NYSE activity with numerous stocks showing varied volume and price movement. Listed names include Abb, Amgen, Celera, Analog, and Bate among others amid fluctuating high and low quotes, with some prices near unchanged and others showing notable shifts as markets open.
MENTIONED IN THIS ARTICLE
New York
NYSE
Dr. Voume
Agden Tbi
Abe
Amonina
Also Mentioned on This Page
R.J. Reynolds Tobacco Co
R.J. Reynolds Tobacco
RJR Nabisco
Benson & Hedges
Miller Brewing Co
Jell-O
Maxwell House
Oscar Mayer
Post
Icahn
European Union
MmgeNews
Prnewswire
Akin Investment Securities
Walnut Street Securities, Inc
NASD
SIPC
AISGG
Assat
WSS
Alltel
Amas
Bob Evans
Cedar Fair
Cleveland Indians
Columbia Energy Group
CVS Corp
Fe DaimterChrysler
Emerson Electric
Englahard
Firat Energy
Ie FirstMarit Bancorp
Ford Motor
Genen Motors
Geon
Bfgoodrich
Honeywail, Inc
Invacare Corp
Kaycorp
Lear
CNB Bancorp
Lesco
Mortison Corp
Nm Northern Savings
PNG Corp
Parker Hannifin
RPM Lew
Royal Appliance
He Sherwin Wikama
Shy Financial Group
Is ‘Smuckers
Steria
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