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Verizon paying $1.1B for stake in MCI
Apr 9 2005 8:11PM (CT)
NEW YORK (AP) - Verizon Communications Inc. said Saturday it is paying $1.1 billion to acquire a 13.4 percent stake in MCI Inc. directly from its largest single stockholder.
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Honolulu in debt despite thriving economy
Apr 9 2005 1:39PM (CT)
HONOLULU (AP) - Waikiki is flush with tourists. New high-rise condominiums are changing Honolulu's skyline and jobs are plentiful. Property values have skyrocketed, with even modest homes now costing $550,000, and property taxes are at record levels. But amidst all that wealth, Honolulu is strapped for cash and making significant budget cuts.
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Morgan Stanley dissidents face battle
Apr 9 2005 11:51AM (CT)
NEW YORK (AP) - The eight former executives and shareholders of Morgan Stanley seeking the ouster of Chief Executive Phil Purcell collectively own 11 million shares of the investment firm.
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Old-economy industries draw investors
Apr 9 2005 11:48AM (CT)
NEW YORK (AP) - Cement. Railroads. Trucking. Steel. These aren't sexy businesses, but they have something that adds to their appeal in the current investing climate: pricing power.
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