Also. . .
- Share via
* The American Stock Exchange’s board unanimously approved the final terms of its agreement to be acquired by the National Assn. of Securities Dealers, clearing the way for a vote by exchange members. Two-thirds of the 864 Amex seat holders must approve any merger, and many members remain opposed to the agreement, traders say.
* The Securities and Exchange Commission named Richard Walker, the agency’s general counsel since 1995, as enforcement director. Walker, 47, will replace William McLucas, who is leaving to join a law firm after eight years at the SEC. Walker is expected to assume the post, widely regarded as the SEC’s No. 2 position, in the next few weeks. He joined the SEC in 1991 as director of its regional office in New York.
* Boeing Co. said it’s reevaluating the introduction next month of its 100-seat jetliner, the 717-200, because of cracks in the engine blades being built by BMW and Rolls-Royce. The planes, Boeing’s version of the MD-95 acquired with the buyout of McDonnell Douglas Corp., are being manufactured at the former Douglas Aircraft Co. factory in Long Beach.
* SBC Communications Inc. said it reached tentative agreements with the Communications Workers of America for contracts covering 74,000 of the phone company’s workers. The three-year pacts must be approved by union members, including 34,000 Nevada Bell and Pacific Bell workers in Nevada and California.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.