Ford chief seeks subtlety for testimony before Congress
Ford Motor Co. CEO Jacques Nasser, known for bluntness, sought coaching from image expert Michael Deaver to appear forceful yet polite before congressional panels on the Firestone tire recall. Nasser, 52, has become Ford’s public face amid recalls, emphasizing the issue as tire related, not vehicle.
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Ford Motor Co
Jacques Nasser
Capitol Hill
Nasser
Ford
Washington
Michael Deaver
Edelman Publica
Ronald Reagan
Congress
Jac the
William Clay Ford Jr
Henry Ford
Hewlett-Packard weighs buying PwC consulting unit
Hewlett-Packard is in talks to acquire PricewaterhouseCoopers technology consulting arm for up to 18 billion in cash and stock. The Palo Alto firm would become a full service maker of computers and services, expected to dilute 2001 earnings modestly and add to 2002 earnings. Analysts noted the move strengthens HP’s services footprint amid a competitive takeover environment.
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Bridge News
New York
Hewlett- Packard Co
PricewaterhouseCoopers
Hewlett-Packard
Palo Alto
Calif
PNC
William Gorman
Gorman
Hewlett
Pricewaterhouse
Chu
First Call
Thompson Financial
Tuvalu buys UN seat after selling web address
Tuvalu, a tiny Pacific island nation, sold the rights to its.tv domain to DotTV for about 50 million dollars, tripling national income and funding UN dues. The $18 million down payment financed infrastructure, internet links, and scholarships as Tuvalu joined the United Nations. Prime Minister Ionatana Ionatana touted greater economic independence and world community membership.
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United Nations
Tuvalu
U.N
Ellice Islands
Hawaii
Australia
U.S
Dottv
Zee.tv
Soccer.tv
China.tv
Net.tv
Ionatana Ionatana
Procter & Gamble’s Iams deal shown as strong bargain
The Cincinnati based giant’s 2.3 billion acquisition of Iams Co. is praised by analysts as a smart move with growth potential. Iams sales rose over 25 percent to 1 billion, aided by expanded distribution and heavy marketing.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble
Iams Co
P&g
Sams
Burt Flickinger
Reach Marketing
Westport
Conn
Charmin Paper Company
Folgers Coffee Company
Charmin
Folgers
Tams Co
Clayton L. Mathile
Iams
Complete Petmart
Kevin Manely
Jeff Ansell
Stocks drift lower on tech amid mixed energy gains
U S markets eased as tech shares fell for a second straight session despite strength in energy and financial services. Dow fell 25.16 to 11195.49, Nasdaq down 82.06 to 3896.35, S&P 500 down 5.24 to 1489.26, amid investor worry over third quarter earnings and ongoing volatility. Major moves included IBM down, Oracle and Sun Microsystems declines, and Goldman Sachs announcing a $6.5 billion Spear Leeds & Kellogg deal.
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New York
Standard & Poor
Larry
Rice
Josephthal & Co
OPEC
Schlumberger
Halliburton
Baker Hughes
IBM
Goldman Sachs
Oracle
Sun Microsystems
Cisco Systems
Charles Pradilla
SG Cowen Securities
Goldman Sachs Group Inc
Wall Street
Spear Leeds & Kellogg
Deutsche Bank
J.P. Morgan
Morgan
Phillips Petroleum
Chevron
New York Stock Exchange
Japan
Germany
Britain
France
Euro Drops to All-Time Lows Against Dollar and Pound
The euro tumbled to record lows below 86 cents and 91 yen, while the British pound slid to a 14-year low near 1.40 dollars. Traders cited European leaders and ECB policy as factors, with Schroeder’s comments quoted as triggering the move and no evident ECB intervention.
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New York
European Central Bank
Lon Dolan
Royal Bank of Scotland
Gerhard
Schroeder
ECB
Europe
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Washington Post
Harvey Firestone
Ford Motor Company
Capital Hill
Hewlett- Packard
Tiny Island
Howard
Money
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Jager
Gunner
Clay Mathele
Jams Company
Aronoff Center
Terry Overbey
Jim Johnson
Ansell
A.G. Lafley
Tams
Jams
Durk Jager
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