Word: mergers
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Dates: during 1990-1999
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...Echo failed after one term, leaving The Herald as the champion of daily news--but deeply in debt after the struggle. Its board voted to present a merger proposal to The Crimson, which eagerly accepted. Four days after Herald editors conceived of the idea, Harvard readers found themselves reading one daily paper, The Herald-Crimson, which would one year later change its name back to The Crimson...
Over the next two decades The Crimson made athletics an editorial priority, bemoaning the lack of participation in the early part of the century and forming its own teams. After the merger, the paper began to see fewer extras, but the sports board turned the trend around. The Crimson had post-game extras on the street just minutes after the game was over. When football seemed on the brink of demise, The Crimson ran an aggressive editorial, petition, and donation drive to save the sport...
Switzerland's New Big Cheese The merger of two of Switzerland's largest banks has created the world's second-largest financial institution, and sparks a frenzy of merger speculation across the Atlantic...
First Union Agrees to Merger In a $16 billion deal that is the largest bank merger ever, First Union will combine with CoreStates...
...really true. First Union is going to buy CoreStates for more than $16 billion, which would make it the largest bank merger in history. Believe me, FUN bank's CEO ?Easy? Ed Crutchfield has this kind of deal in him. This is a man who can step up and pat the pony. As for CoreStates, it's about time: They were so damn fickle ? remember, they spurned Mellon. In any event, I've said it before, I'll say it again: Buying regional bank stocks is the investing lay-up of the decade. Please, do yourself a favor...