Federated faces end to bids in $2.3 billion clash
Federated Department Stores asks Campeau and Macy to submit best offers to halt a two month bidding war that has raised offers to about 6.5 billion. Board to decide Wednesday as analysts note cash heavy Campeau edge and possible Macy negotiations.
MENTIONED IN THIS ARTICLE
Cincinnati
Federated Department Stores Inc
Campeau Corp
R.H. Macy & Co
Federated
Macy
Bullock’s
I. Magnin
Robert Campeau
Macy-Federated
Campeau
Joele Frank
Edward Finkelstein
Citibank, N.A
Sumitomo Bank Ltd
Japan
New York City
New York Stock Exchange
Creston livestock sale lists 377 consignors and 1011 head
Creston Auction reported 377 consignors offering 1011 head of livestock plus 21 goats and one horse. Hay, straw, and multiple cutting prices were posted, with calves, cattle and sheep markets detailed by class and grade, including calves, heifers, steers, sows and boars.
MENTIONED IN THIS ARTICLE
Greston
Creston
FDIC May Lose Money From Bank Bailout for First Time
FDIC chair L William Seidman said the federal insurer could see a loss this year for the first time in its history due to rescues like First Republic Bank of Dallas. He estimated potential losses under 5 percent and under $1 billion, noting 1984 Continental Illinois as a worse comparable.
MENTIONED IN THIS ARTICLE
Dallas
FDIC
Washington
Federal Fund
Federal Deposit Insurance Corp
First Republic Bank Corp
L. William Seidman
Texas
First
Republic Bank
Seidman
Continental Illinois Bank & Trust Co
First Republic Bank
IRS closes extension loophole for April 15 departures
The IRS said it will end the rule allowing taxpayers to leave the country briefly on April 15 to gain an automatic two month tax filing extension. The new rule requires a minimum two week absence including April 15 to qualify, effective for forms due next month.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Also Mentioned on This Page
Monroe Greenstein
Bear Stearns & Co
Greenstein
Federated’s
New York
Stone
NYSE
StorTch
At&t
Ben Amoco
Uh Unisys
Anheus
Ugbty S
Asarco
Aurich
Brisi
Pierre R. Smith & Co
Coastal
Eas
Alltel Aled Corporation
Cmpass Deere
ABE
PC Inter Inc
CowCh
Emerson
Crest
Ve First Bancorp
duPont
Goodrich
ABN aTh
IC Industres Ekodk
Emrse
Exxon
Bancorp
FedExp
LNB
My Lesco Inc
UW Fireste
Yq Nordson
Northern Savings
Ohio Edison
Parker Hannifin Genetch
Grolier
Hanson Sti
Woolworth FW
York International
IBM
la Marron
al Z. A
MrshMe
Jaxus A
Onseh Ou
Morgan
NiSemi
Pune
PepsiCo
Ty Sabine
Salliem
Soumrk
Creston Livestock
Tal A
CNTR
Leona St
Medway Square
Medway Mall
Great Northern
Loram Ave
APPLE
IRS
National City Bank
Cleveland
Ohio
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