National City Looks to Merge with Ameritrust in Friendly Deal
National City Corp proposes to acquire Ameritrust Corp in a friendly merger creating a roughly 35 billion asset bank holding company with about 670 branches across Ohio Indiana Kentucky and Michigan. Ameritrust assets were 11.2 billion last year with losses easing this year. National City posted 1990 net income of 233.5 million and 51.4 million in Q1 1991.
MENTIONED IN THIS ARTICLE
Ohio
Indiana
Kentucky
Michigan
Brandon
Ameritrust
National City
Market rates mixed as Treasury sells short bills
Treasury sold 9.62 billion in three month bills at 5.50 percent and 9.60 billion in six month bills at 5.66 percent. Three month rate unchanged since May 6. six month highest since 5.68 percent on April 29. One year bill yield 6.13 percent, unchanged from prior week. Apple to cut workforce by about 10 percent as part of restructuring to boost profits.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Apple
IBM cuts prices on PCs amid industry readjustment
IBM reduced prices on many personal computers as part of a broad industry readjustment driven by recession and competition. Analysts note the cuts, along with others by peers, squeeze margins but boost buying opportunities for consumers. AT&T eyes fourfold overseas sales by 1995 after a $7.4 billion NCR merger and surpassing $1 billion in foreign product sales in 1989.
MENTIONED IN THIS ARTICLE
New York
IBM
Dearborn, Mich
At&t
NCR Corp
Robert E. Allen
Allen
Airlines cut fares for summer travel profit boost
Major airlines cut adult summer fares about 20 percent and children’s fares even more to spur travel through early September. Round trips between South Florida and New York area drop to 278 dollars on weekdays, with children’s fares at 138 dollars. Reservations are required, and tickets must be bought by late May for travel through September. Analysts note domestic travel remains weak despite rising international travel, with carriers seeking rev up bookings before Memorial Day weekend. Weekend surcharges persist and different carriers match Northwest’s initiative with varying restrictions.
MENTIONED IN THIS ARTICLE
Northwest Airlines
South Florida
New York Area
Ray Neidl
Dillon Read & Co
New York
Northwest
American
Continental Airlines
Delta
Pan Am World Airlines
Usair
United Airlines
Midway
SEC Approves First After-Hours Trading Sessions
The SEC voted 4 to 1 to back a two year pilot for after hours trading on NYSE aimed at boosting global competitiveness. The plan extends hours to 5 p.m. with electronic matching and carries over unfilled trades to the next day.
MENTIONED IN THIS ARTICLE
SEC
Washington
U.S
New York Stock Exchange
Securities and Exchange Commission
NYSE
Edward Fleischman
Creston Auction Reports 321 Consigners Sell 817 Head
Creston consignors sold 817 head Monday with two beef cows one goat one horse and various livestock. Prices ranged with calves 70 up, hogs 40 to 54, sheep and lambs 15 to 55, cattle including choice steers 73 to 78 and feeders 59 to 76, bulls and heifers priced across multiple grades. Regular auction set for Memorial Day as buyers await next market.
MENTIONED IN THIS ARTICLE
Creston
Also Mentioned on This Page
Cleveland
National City Corp
Ameritrust Corp
Maweland Fon
VLE Yeg Lassen Cial Services
United States
Edward Brandon
Fred Cummings
McDonald & Co. Securities Inc
Cummings
Cleveland Bank
Merrill Lynch & Co. Inc
Edward Annunziato
Merrill Lynch
Federal
National City Bank, Northeast
National City Bank
Akron
Edward
San Jose
Calif
Apple Computer Inc
Annie
NCR
Bea
Wsual Stancard
ROYAL
Cleveland S
Elyria
Knight-Ridder Newspapers
Jack Guiteras
Lorraine Travel
Miami
Air Transport Association
James Cammisa
American Airlines
Tim Smith
Richard Breeden
P.m. Nyse
Sharon Gamsin
London
U.S. Treasury
Disney
Marriot
Texaco
duPont
Masco
Ouract
Ie MeDony
Merck
Teyrus
Exxon
Mobil
USA
iWensar
Ass Bu
Eave
FPL
Va Motorla
Usxmar
Batt & At&t
Fednm
ATM Agiadba
Usarg
Mara
Amoco
ST — Ma Flemng
Aso
Nipsco
Asga
Unocal
Dai
Archon Iw
Ye Ford
Arkla
BOSS
Anrich
I Genel
Ty Phuers
Bellati
BeliSo
Prilaar
Aincke
Va Janson
Paarson
Boeing
Harley
Bia
Hewlek
Aisa
Ty Cms Eng
RJR
Schimb
John Jn Kmart Kauish
Roger Lagr
Lardinb
Lilly Lirmig S Ze
Creston Livestock
Elyna Graphics and Communications
Bethaws Communications
Ternes Avenue
Papury Bulagau
Nod Aqdey Panyeas
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