Bank of America makes deal for credit-card issuer MBNA

Article Abstract:

Bank of America Corp. of the United States is to acquire MBNA Corp. of the United States, the third largest issuer of credit cards. The acquisition would give Bank of America Corp. a stock market value of approximately $218 billion, approximately ten percent below the value of Citigroup Inc. Stand alone credit card companies, not affiliated with banks, are falling to slow growth rate and extreme competition.

Commercial Banks, Forecasts, trends, outlooks, Banking industry, Company acquisition/merger, Company Profile, Bank of America Corp., BAC, MBNA Corp., Industry forecasts

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Westvaco's net plunged 90% in fiscal fourth quarter

Article Abstract:

Westvaco Corp. posted a drop of 90% in its net income for the fiscal fourth-quarter ending October 31, 2001. The company posted $8.4 million in net income for the period.

Sales, profits & dividends, Finance

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Mead and Westvaco to merge in $3 billion stock-swap deal

Article Abstract:

Westvaco Corp. has reached a deal with Mead Corp. to merge their operations. The stock-swap merger is valued at $3 billion (3.29 billion euros).

Mead Corp., MEA

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