Bank merger worsens 'Big Apple' debt crisis

Article Abstract:

The merger of Chase Manhattan and Chemical Bank may well enhance New York's status as a financial centre, but in practical terms it will lead to the loss of around 4,000 jobs in the city and of a considerable amount of tax revenue. New York is facing a serious financial situation, with the public debt now at $23 billion and no positive benefits being seen from extensive tax incentives to persuade companies not to relocate. It will be further damaged by this new wave of job losses.

Economic aspects, New York, New York

---

A mother, her baby and the bottle

Article Abstract:

The case of Deborah Zimmerman, an alcoholic who has been charged with first-degree attempted homicide and first-degree reckless conduct for placing her unborn child in danger, has attracted considerable controversy in the US. If she is found guilty, she could face up to 50 years in prison and a $10,000 fine. It is thought that this is the first case in the US where homicide charges have been brought against a woman for excessive drinking while pregnant.

Cases, Alcoholism, Pregnancy, Alcoholism in pregnancy, Zimmerman, Deborah

---

Boeing and McDonnell in $45bn merger

Article Abstract:

The world aerospace industry will see significant changes as a result of the $45 billion merger of McDonnell Douglas and Boeing. If regulators allow the deal to go ahead, an extremely large new company involved in military aircraft, civilian jetliners and space exploration will be created. The combined companies are predicted to have sales of around $47.7 billion in 1997, with Boeing contributing around $28 billion and McDonnell Douglas $20 billion.

Mergers, acquisitions and divestments, Aerospace industry, Boeing Co., BA, McDonnell Douglas Corp., MD

Similar abstracts:

• Abstracts: For a mediocre wage you get a dim MP. In Scotland, a nation is on the move
• Abstracts: Black takes PM to court over his 'lost' peerage. Canada attempts to regain peace image. 'First Nations' fight for freedom
• Abstracts: How will we draw the dividing lines if we're all liberals now? 'The party has given up on fairness.' (Conservative MP defects to Labour party)(Column)
• Abstracts: Cancel that invite to the virtual dinner party. Interest rates could be a big problem for Brown
• Abstracts: Divine, darling. Boys' night out. Who was hot, who was not

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.