RIGGS NAMES A CHAIRMAN AND A CHIEF EXECUTIVE
Date: 10 March 2005
By Bloomberg News
Bloomberg News
Riggs National names Lawrence J Hebert as its new chief executive and Tony Terracciano as its chairman; Thomas Fitzgerald is named chairman of Riggs Bank NA unit; three positions were previously held by Robert Allbritton, whose family owns about 40 percent of Riggs stock; Allbritton resigned last week (S)
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AMERITRADE LOWERS FEE FOR OPTIONS TRADING
Date: 10 March 2005
By Bloomberg News
Bloomberg News
Ameritrade lowers fee it charges customers to trade options contracts by half, to 75 cents per contract, extending pricing battle in discount brokerage industry (S)
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CROMPTON TO BUY GREAT LAKES CHEMICAL FOR $1.55 BILLION
Date: 10 March 2005
By Bloomberg News
Bloomberg News
Crompton Corp agrees to buy Great Lakes Chemical for $1.55 billion in stock (S)
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MARSH & MCLENNAN REDUCES ITS STAKE IN AXIS CAPITAL
Date: 10 March 2005
By Bloomberg News
Bloomberg News
Marsh & McLennan reduces its stake in Axis Capital Holdings, Bermuda-based commercial insurer it helped to create after Sept 11, 2001, terrorist attacks; Marsh & McLennan sells 3.7 million shares of Axis to Merrill Lynch, which will resell them to investors; cuts its stake by 50 percent with $105.6 million sale (S)
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GARDNER ACQUIRING THOMAS INDUSTRIES FOR $734 MILLION
Date: 10 March 2005
By Bloomberg News
Bloomberg News
Gardner Denver acquires Thomas Industries for about $734 million to add health care products and expand foreign sales (S)
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Witness Deceitful, Scrushy Lawyer Says
Date: 09 March 2005
By Bloomberg News
Bloomberg News
Jim Parkman, lawyer for HealthSouth Corp founder Richard M Scrushy, seeks to portray former finance chief Michael D Martin as deceitful and violent executive who hid $2.7 billion company fraud from his former boss; Martin, who is among 15 people to plead guilty in accounting fraud, is government witness in Scrushy's trial (S)
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Shares Fall on New Fears of Inflation
Date: 10 March 2005
By Bloomberg News
Bloomberg News
Dow Jones industrial average drops 107 points, or 1 percent, to 10,805.62; Standard & Poor's 500-stock index loses 12.42 points, or 1 percent, to 1,207.01; Nasdaq composite index declines 12.26 points, or 0.6 percent, to 2,061.29; yield on 10-year Treasury notes reaches 4.52 percent, highest level since July; graph; chart (M)
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Technology Briefing | Telecommunications: Fiber Optic Lines Acquired
Date: 09 March 2005
By Bloomberg News
Bloomberg News
Level 3 Communications Inc acquires fiber optic lines from 360networks Inc; financial terms undisclosed (S)
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World Business Briefing | Asia: Japan: Nissan Diesel Stake Sold
Date: 09 March 2005
By Bloomberg News
Bloomberg News
French carmaker Renault sells its 18 percent stake in Nissan Diesel Motor Co to J P Morgan Securities; price undisclosed (S)
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