Convergys and Alltel settle. 3 million customers switch
Convergys and Alltel settle a dispute over 360 Communications billing. About 3 million wireless customers in 15 states will be moved to Alltel’s billing system starting in April and completed by year end 2001. Convergys will continue servicing customers during the transition.
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Ex-banker joins Union Station plans in LaGrange
John S and S Blevins, a 62 year old former banker, becomes partner in Union Station Land Co to lead the 300 acre development featuring 167 single family homes 219 townhomes a golf course and mixed use amenities. Robert VonHagge will design the golf course as the project aims for a seven to eight year completion with phased openings and reduced auto traffic.
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Red Tail
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Market slides as retail data, deficit fears loom
U S stocks closed lower after a 1.1 percent drop in the Dow to 10920.33 amid a 1.2 percent August retail sales surge and an $80.7 billion second quarter trade deficit. The Nasdaq rose on semiconductor gains while the S P 500 fell 7.84 to 1336.29. Bond yields rose. Analysts cautioned on inflation and Fed rate moves. Major downside led by banks and insurers as Hurricane Floyd loomed. Global indices mostly declined.
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