Newstream.com Digest: Washington Mutual & Dime Bancorp Announce $5.2 Billion Merger, the Washington, D.C., AIDSRide
NEW YORK--June 25, 2001----------------------------------------------------
Washington Mutual to Extend National Banking Franchise With
$5.2 Billion Merger with Dime Bancorp
In a major extension of its national banking franchise, Washington Mutual Inc. today announced a definitive agreement to merge with Dime Bancorp Inc. in a transaction currently valued at $5.2 billion in stock and cash.
The transaction, approved by the directors of both companies, creates a broad-based platform for Washington Mutual's banking operations as it enters the greater New York metropolitan area, the nation's largest urban banking market. Photo now available.
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Wincor Nixdorf Announces The BEETLE(R)/OnePOS(tm) Integrated
Point-of-Sale System
Compact yet powerful, the BEETLE/OnePOS combines the attractiveness and convenience of an integrated POS unit with the flexibility and reliability of a modular system. By using only standard components, the BEETLE/OnePOS meets the broadest range of retail requirements.
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Washington, D.C., AIDSRide(R) Unleashes the Tenacity
of 2,018 Cyclists
More than 2,000 bicyclists pedaled 330 miles from Raleigh-Durham, N.C., to Washington, D.C., having already raised $6.7 million in donations to HIV and AIDS service organizations in those cities. The AIDSRide took the riders from the small towns of North Carolina through Virginia's quiet back roads into the nation's capital for a triumphant Victory Ride on the Mall. Video available shortly.
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Medical Assurance Shareholders Approve Transaction
With Professionals Group
Shareholders of Medical Assurance Inc. have overwhelmingly approved the Company's planned consolidation with Professionals Group , under a new holding company, ProAssurance Corporation .
The transaction received support from more than 99% of the shareholders casting their ballots at a special meeting held on June 25, 2001. Professionals Group shareholders also voted overwhelmingly in favor of the consolidation at a separate meeting.
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New Mack Freedom(tm) Series Trucks Arrive With Innovative Answers
to Customer Needs
The cab-over vehicles are available in a range of four Class 6 and 7 models -- each of which has been designed to significantly reduce operating costs, while maximizing operator comfort and efficiency. The new vehicles also have demonstrated best-in-class maneuverability.
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Mack Fortifies, Enhances a Traditional Strength
With New Granite(tm) Series
Looking to significantly expand its current position as the number one supplier of heavy-duty vocational vehicles in North America, Mack Trucks Inc. has raised the bar once again with the introduction of the new Mack Granite(tm) series of vehicles. The new trucks are targeted to solidify traditional Mack strengths, as well as generate new opportunities in various geographical and vocational market segments.
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Quality Texas Foundation Honors Clarke American Checks Inc.
With the 2001 Texas Award for Performance Excellence
The Quality Texas Foundation awarded Clarke American Checks Inc. as the sole recipient of the 2001 Texas Award for Performance Excellence at the Texas Quest for Excellence Conference in Richardson, Texas, on June 20.
Based on the Malcolm Baldrige National Quality Award criteria and process, the Award annually recognizes Texas-based organizations that excel in the application of Quality Management principles, best practices and values, and thereby achieve stellar results in business or organizational performance.
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Neal Margulis Joins nBand(tm) Communications' Board of Directors
nBand(tm) Communications Inc., a broadband access technology company, announced that Neal Margulis, CEO of AON Networks and former president and CEO of iCompression, has joined the company's board of directors.
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50th Anniversary Canon Greater Hartford Open Marks Golden Anniversary
of Golf in Connecticut
The 50th Anniversary Canon Greater Hartford Open (Canon GHO) golf tournament kicks off today with a week's worth of golf excitement, family fun and a historical look back at what has become the second-largest attended event on the PGA TOUR.
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Fujifilm's New FinePix 4800 Zoom Offers Multifunction, Style and
Exceptional Performance
Fuji Photo Film U.S.A. Inc. continues its tradition of exceptional picture quality and technological innovation in digital imaging with the announced nationwide shipments of the stylish and versatile FinePix 4800 Zoom.
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Greater Hartford Jaycees Foundation Donates $235,000 to Charity
at the Canon Greater Hartford Open
The Greater Hartford Jaycees Foundation and Canon U.S.A. Inc. will recognize four local charitable organizations with grants totaling $235,000 at opening ceremonies of the 2001 Canon Greater Hartford Open at the Tournament Players Club at River Highlands.
Greater Hartford Jaycees Foundation President Brenda Bradley and Canon U.S.A. President Kinya Uchida will make the awards during today's ceremonies that start at 9:00 a.m. on the 1st Tee of the course.
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Greater Hartford Jaycees and Canon U.S.A. Award College Scholarships
The Greater Hartford Jaycees and Canon U.S.A. Inc., a worldwide leader in imaging systems, will acknowledge the outstanding achievements of three local high school students during today's opening ceremonies of the 50th annual Canon Greater Hartford Open (Canon GHO).
The Tournament officially gets underway at 9:00 a.m. today at the 1st Tee on the course at the Tournament Players Club at River Highlands.
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SanDisk Introduces 128 Megabyte Secure Digital Flash Memory Card
SanDisk Corporation introduced the 128 megabyte (MB) Secure Digital (SD) Memory Card, a removable, stamp-sized flash memory card capable of storing up to four hours of music or 40 minutes of video. SanDisk's announcement, made at the PC EXPO show, doubles the capacity of SanDisk's highest capacity SD cards currently shipping.
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Industrial Information Resources Announces Power Plant Construction
Drives U.S. Industrial Expansion
Industrial Information Resources Inc. (IIR) has confirmed 1,453 new power generating units in development capable of producing an additional 179,946 mega-watts (MW) of new capacity for the United States, scheduled to come online over the next 24 months.
This number represents 127,529 MW of new generating capacity from 1,010 units to be constructed at 340 new power plant sites, worth a total investment value (TIV) of $65.2 billion in construction, and 52,417 MW of new generation capacity from 443 units to be constructed at 167 operational power plants worth a TIV of $15.9 billion.
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G.I. JOE `Drops' in on Kansas City
This year's G.I. JOE convention theme is D-Day, highlighted by a mass, 40-story parachute drop of G.I. JOE World War II U.S. Army Airborne at Normandy Figures, which have real, working parachutes. The first person whose G.I. JOE lands in a five-gallon paint bucket will win $25,000 and earn $25,000 for charity.
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