E-trader lets investors trade Nasdaq stocks in penny increments

Article Abstract:

Small electronic trading network Island ECN is offering investors the opportunity to trade Nasdaq stocks in one-penny increments to establish a competitive advantage over larger rivals such as the New York Stock Exchange. By narrowing the typical 6 and 1/4-cent spread between the seller's asking price and the buyer's bidding price, Island ECN's service could enable an investor to save $52.50 on the purchase of 1,000 shares.

On-Line Information Services, Services information, Videotex & Teletext, Island ECN

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Investors wary of GE-Honeywell

Article Abstract:

Honeywell/General Electric - Knox, Noelle - General Electric (GE) has made a takeover bid for Honeywell for $42.4 billion. The proposal has resulted in the decline in GE's market value by 11%, or $58 billion. GE shares dropped $2.52 to $49.98 on Oct 23, 2000, while Honeywell's shares increased $2.75 to $49.75. Investors are wary of the deal which may be hiding some problems at Honeywell. They are also concerned about GE Chmn and CEO Jack Welch's choice of successor despite the fact that he has delayed his departure from the company until yearend 2001. The acquisition is expected to solidify GE's aircraft, plastics and chemicals divisions.

Aircraft Engine and Engine Parts Manufacturing, Aircraft Engines & Parts, Honeywell Inc.

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Royal Caribbean, Princess fleets to merge in $6B deal

Article Abstract:

P and O Princess and Royal Caribbean Cruises' $6 billion merger. Company officials explain the merger as a way to make the company cost effective and financially powerful in light of industry bankruptcies and falling reservations.

United Kingdom, Passenger Ships, Deep Sea Passenger Transportation, Water Transportation of Passengers, Passenger vessels, Company Profile, Royal Caribbean Cruises Ltd., RCL, P&O Princess Cruises PLC

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