 |
Tuesday, July 29, 2003
Business Digest
Group files to block Wells Fargo acquisition
A New York group has filed a letter with federal regulators asking them to block Wells Fargo & Co.'s planned acquisition of Seattle-based Pacific Northwest Bancorp. Inner City Press/Community on the Move, and the affiliated Fair Finance Watch said the deal should be blocked because of Wells Fargo's record in denying home loans to minority borrowers and what it termed "predatory" practices in the subprime market.Wells Fargo hopes to close the deal in the third quarter of this year.
Gates gives some hint at cutting cash reserve
Microsoft Corp. Chairman Bill Gates acknowledged yesterday that the company ultimately might bow to investor pressure to reduce its $49 billion cash reserve, although he did not specifically address the possibility of a larger dividend."Sometimes financial people give us a hard time for keeping so much cash in the bank. ... We may have to moderate it somewhat," Gates said.
Enron advisers agree to $300 million in fines
J.P. Morgan Chase and Citigroup agreed to pay almost $300 million in fines and penalties to settle accusations that they aided Enron in misrepresenting its true financial condition for years before the company collapsed.Shipping news
Vessels due at the Port of Seattle today, according to the Marine Exchange of Puget Sound, include OOCL France, from Los Angeles, at Terminal 18; and Oriental Bay, from Kaoshiung, Taiwan, at 18. Due tomorrow is Westwood Breeze, from Tokyo, at 5.
This report includes information from P-I staff, The Associated Press and Bloomberg News.
My web site
My Yahoo!
Google
|
Stocks |
· Weigh in on new credit card proposals
· Machinist talks under way
· Executive is charged in bison killings
· Search is on for how Microsoft can beat Google
· Women urged to break the cash ceiling
· Of Mutual Interest: Droopy dollar may be ready to rebound
· Homeowners who need help need patience
· Microsoft appealing EU's $1.39 billion antitrust fine
· Texas to check whether Amazon owes sales tax
· Senators skeptical of EADS' claims
· Study says stay-at-home family CEO is worth $117,000
· Small Retail: Fremont florist creates bouquets for wild at heart
more· Person close to talks: Cablevision close to getting Newsday
· EnCana dividing into 2 companies: one oil, one gas
· High demand, price of rice good news to US farmers
· Wall Street looks to US consumers for direction
· Mesa Air looks for shareholders' OK to offer more shares
more· Next generation of business software could get more fun
· EBay's PayPal rule in Australia draws fire
· Data from Columbia disk drives survived the shuttle accident
· Dell procurement exec retires
· Facebook to let users carry profiles with them
more
Todd Bishop's Microsoft Blog· Next up: A Microsoft-Google antitrust fight?
· News Corp. says no MySpace-Microsoft talks
· Poll: Whom should Microsoft pursue next?
John Cook's Venture Blog· TechCrunch: A WiMax "disaster" in the waiting
· Talyst CEO stepping down
· Avvo co-founder Paul Bloom stepping down
James Wallace on Aerospace· UPDATE: Air Canada 787s - 30 months late
· Assembly begins on 5th Dreamliner
· More A380 delays?
101 Elliott Ave. W.
Seattle, WA 98119
(206) 448-8000
Home Delivery: (206) 464-2121 or (800) 542-0820
seattlepi.com serves about 1.7 million unique visitors
and 30 million page views each month.
Send comments to newmedia@seattlepi.com
Send investigative tips to iteam@seattlepi.com
©1996-2008 Seattle Post-Intelligencer
Terms of Use/Privacy Policy
