Bell Atlantic to buy Tele-Communications in $33 billion deal
Bell Atlantic agreed to acquire Tele-Communications Inc in an all stock deal valued at over 23 billion and up to 33 billion with debt. The merger would create a communications giant delivering phone and cable services to about 40 percent of U S households and would rank sixth on the Fortune 500. Regulators eye the deal with antitrust and policy reviews while Bell Atlantic already won a Virginia court ruling challenging ownership laws. The Clinton administration signals support to ease barriers and boost competition in cable.
MENTIONED IN THIS ARTICLE
New York
Bell Atlantic Corp
Tele Communications Inc
Los Angeles Times
New York Times
Wall Street Journal
Bell
Bell Atlantic
Tele-Communications
Journal
RJR Nabisco Inc
Martin Sikora
Mergers & Acquistions Magazine
Philadelphia
Virginia
Plan worries Midwest businesses over Clinton health plan
In a Society Bank survey of 594 firms in Ohio Michigan and Indiana nearly three quarters say the health care proposal will hurt their companies The chief economist Kenneth T Mayland says uncertainty paralyzes fixture development and raises expenses for coverage of mental health services and prescription drugs plus subsidies for small employers. Westinghouse chief predicts weak third quarter earnings and stock falls after warning 50 percent drop from continuing operations due to environmental cleanup and other units.
MENTIONED IN THIS ARTICLE
Cleveland
Midwest
Society Bank
Clinton
Society
Kenneth T. Mayland
Ohio
Michigan
Indiana
Pittsburgh
Westinghouse Electric Corp
Westinghouse
Michael H. Jordan
Fewer blacks get mortgages in 1992 report says
Washington AP figures show blacks applied less for home loans in 1992 and faced higher rejection rates. ACORN, based on 23 cities, found blacks were 2.86 times more likely to be turned down than whites, up from 2.72 in 1991 but down from 2.91 in 1990.
MENTIONED IN THIS ARTICLE
Washington
ACORN
French unions launch 24 hour strikes across nation
Parised walkouts by left leaning unions disrupted mail service air travel and public transport as tens of thousands protested job cuts at state companies and government policies since conservatives took power in March. Location protests extended to Marseille Lyon Bordeaux and Toulouse.
MENTIONED IN THIS ARTICLE
Paris
Marseille
Lyon
Bordeaux
Toulouse
Wal-Mart loses Arkansas predatory pricing ruling
An Arkansas judge found Wal-Mart violated state law by pricing some drugs and health aids below cost at its Conway store to drive rivals out of business. Three independent Arkansas pharmacies won nearly 306000 in damages. Wal-Mart plans an appeal as stock traders noted a minor drop in share price.
MENTIONED IN THIS ARTICLE
Wal-Mart
Arkansas
Conway
Ars
Wal- Mart Stores Inc
David Reynolds
WalMart
Arkansas Supreme Court
Robert K. Rhoads
Wal- Mart
New York Stock Exchange
New York
Jamey Montgomery Scott Inc
U.S. Supreme Court
Reynolds
Matthew Adlong
Dwayne Goode
Most see cable TV rates fall after new price controls
Despite early reports of consumer complaints a federal price controls law enacted Sept 1 appears to lower bills for most cable subscribers. Time Warner and Tele-Communications say around two thirds to 80 percent of their customers saw reductions, countering criticisms of the law.
MENTIONED IN THIS ARTICLE
Federal Communications Commission
Time Warner’s
Tele-Communications Cc
Labor still backing Clinton despite NAFTA discord
Chicago Tribune reports AFL-CIO leaders at a biannual convention in San Francisco hosted by labor chief David Wilhelm. He argued for a strong Democratic Party tied to a strong labor movement while acknowledging Clinton’s support for NAFTA, a stance that fuels union fears of job loss to Mexico.
MENTIONED IN THIS ARTICLE
Labor
Clinton
NAFTA
Afl-Cio
Wilhelm
Labor Leaders See Clinton As Pro-Labor Advocate
The United Mine Workers call the era of Republican presidents a national nightmare while unions praise President Clinton for pro labor policies and gestures. AFL-CIO figures note frequent White House visits and shifts in labor relations as they reassess NAFTA stance and political strategy.
MENTIONED IN THIS ARTICLE
Kiven
Clinton
United Mine Workers
Richard Trumka
White House
Bob McGlatton
Afl-Cio
Washington
Rich Walsh
Ilinois Afl-Cio
NAFTA
Metal prices New York closing on Comex and Merc
AP reports New York metal prices with Comex gold at 36780 per troy ounce and silver at 4421 per troy ounce. Platinum 36990 per troy ounce and palladium 1340S per ounce. Nonferrous metals show aluminum 497 cents per pound copper 7445 cents, lead 32 cents, zinc 4447 cents, tin 3599 cents per pound. Mercury at 185 per 76 pound flask.
MENTIONED IN THIS ARTICLE
New York
Comex
Also Mentioned on This Page
General Electric
General Motors
Ford
IBM
Exxon
Justice Department
Westinghouse Earings
NTU
Terence McEvay
The
Ark
Goode
Wal-Mart Stores, Inc
Paul Farhic
Washington Post
Michael Luftman
Time Warner Inc
Stephen Franklin
Chicago Tribune
San Francisco
David Wilhelm
Democratic National Committee
York AP
Gary Prices
Exon
NewsOp
Finghl
Norwest
Acordia
Fatusa
Sean
Seagram
Aimetka
Smith
Traviar
Merck
Ie TycaToy
HNC
CniBk
WB Me Nowell Ypfscn
American Whst Mutual
Dreyfu
I Fidelity-Puritan
Mass
n-Mit
Templeton
Worl
Vanguard Wellington BS
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!