BRIEFCASE.Byline: -- Staff and Wire Services Report: BP failed to stress safety HOUSTON -- British oil company BP failed to emphasize safety at its U.S. refineries before the 2005 Texas City explosion that killed 15 people, 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. a report released Tuesday by an independent panel led by former U.S. Secretary of State James A. Baker III. The panel, in a statement summarizing its 300-plus page report on BP PLC's operations, said the company had made strides in personal accident prevention but came up short on the bigger picture. The 11-member panel made 10 recommendations, including that an independent monitor report to the company's board of directors for five years. Big banks work to increase profit SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co. fattened its profit margins and pocketed more customer service fees to boost its fourth-quarter earnings 13 percent, while U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. lowered its problem loans and expenses to eke out eke out Verb [eking, eked] 1. to make (a supply) last for a long time by using as little as possible 2. a more-modest improvement. The results released Tuesday provided investors with their first look at how the nation's biggest banks fared during the final three months of 2006 -- a period in which the U.S. economy continued to expand despite jitters jitters 'Butterflies' Psychology An episode of nervousness or anxiety that often precedes a public event; jitters is a type of performance anxiety which may affect actors in a stage production–stage fright or soloist musicians; it may respond to anxiolytics over crumbling home sales and weakening property values in many parts of the country. At Wells Fargo, the deepening real estate slump pinched mortgage revenue, but the nation's fifth-largest bank overcame the slowdown by plumbing other financial pipelines to post a fourth-quarter profit of $2.18 billion, or 64 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . That compared with net income of $1.93 billion, or 57 cents per share, a year earlier. Express pursues rival Caremark NASHVILLE, Tenn. -- Pharmacy benefits manager Express Scripts Inc. said Tuesday it has begun its $25 billion offer for all outstanding shares of rival Caremark Rx Inc., which has rejected the bid in favor its deal with the drugstore operator CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corp. Under the terms of its offer, Express Scripts is offering Caremark stockholders $29.25 in cash and 0.426 shares of Express Scripts stock for each share of Caremark stock. Based on closing stock prices Friday, the Express Scripts offer has a value of $56.87 per share, or approximately $25 billion total, and provides Caremark stockholders with a 7 percent premium to the current value of the CVS proposal. Woonsocket, R.I.-based CVS, the nation's largest operator of drugstores, said on Nov. 1 it planned to acquire Caremark for about $21.2 billion in stock. |
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