BIZWATCH\MARKETS.BRAKES OFF:AlliedSignal Inc. rose 1-5/8 to 57-1/4. AlliedSignal, giving up on much of its automotive business, agreed to sell its struggling hydraulic- and antilock-braking business for light vehicles to Robert Bosch GmbH Robert Bosch GmbH [1] is a German corporation which was started in 1886 by Robert Bosch in Stuttgart, Germany. [2]Bosch businesses include:
GUILT ADMITTED: Daiwa bank's former New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of bond trader repeatedly wished for his own death in a rambling confession letter of his 12-year cheating odyssey that led to a $1.1 billion loss at the big Japanese bank. A transcript of Toshihide Iguchi's explosive letter was released by authorities this week when Daiwa Bank Ltd. pleaded guilty to federal fraud charges. The bank agreed Wednesday to pay a record $340 million criminal fine for helping to perpetuate the huge cover-up started by Iguchi. PRINCELY prince·ly adj. prince·li·er, prince·li·est 1. Of or relating to a prince; royal. 2. Befitting a prince, as: a. Noble: a princely bearing. b. PROFIT: The Royal Divorce won't mean a Royal Windfall to most Charles and Di watchers, but it could mean a few more dollars in your pocket if you have some old trinkets commemorating The Royal Wedding. "Any publicity is good publicity," said George Darrow George M. Darrow (1889-1983) was known as the foremost American authority on strawberries, worked for the United States Department of Agriculture (USDA-ARS) for forty-six years (1911-1957) as a pomologist and small fruits breeder. , owner of Darrow's Fun Antiques in New York. "As interest re-enters the public mind then the interest in collecting the stuff comes back . . . so the prices go up too." Victor Weiner, executive director of the Appraisers Association of America, predicted a "modest escalation" in prices. WEIGHING IN AGAINST MRS. FIELDS Mrs. Fields Cookies is a chain of bakeries, located mostly in the United States, founded by Debbi Fields (b. 1956, Park City, Utah). Mrs. Fields and her husband started their business in the late 1970s, opening the first of many retail bakeries in Palo Alto, California, selling : Mrs. Fields Cookies, the nation's largest seller of fresh-baked cookies, has agreed to stop promoting certain cookies as low-fat, the Federal Trade Commission said. To be considered low-fat, cookies must contain no more than 3 grams of fat per serving, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Food and Drug Administration rules. The Chocolite and Semi-Sweet Classic cookies have 5.5 grams of fat. BLUE CROSS FINED: Empire Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. was fined $1.1 million Friday, the largest penalty ever levied against a health insurance company in New York.Among its sins, according to state Insurance Superintendent Edward Muhl, the company rejected some claims for certain treatments while paying others. It charged unapproved un·ap·proved adj. Not approved or sanctioned: an unapproved vaccine; an unapproved protest march. rates to policy holders, failed to maintain accurate claims files and didn't cooperate with a state investigation. ATTENTION SHOPPERS: Kmart Corp. said Friday it has finalized agreements with all its lenders allowing the struggling discount retailer to restructure about $550 million worth of real estate debt. The agreements eliminated the possibility the discount retailer would have to immediately pay back much of its real-estate debt should its credit rating falls below investment grade, or to "junk" status. MONEY MATTERS ATM FEES:MasterCard International Inc. succumbed to industry pressure Friday, permitting banks to charge extra fees to users of its automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. network, one of the largest in the country. The announcement came a few months after Visa International, a bank association that sets rules for ATMs, said banks could begin imposing extra fees on users April 1. CAPTION(S): CHART Chart (1) DOW INDUSTRIALS (2) BIZ FACTS FRENCH CONNECTION |
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