January 17, 1998 |
Mellon Bank Corp. said fourth-quarter earnings rose to $195 million, or 75 cents a diluted share, from $193 million, or 67 cents, in the year-ago period. The Pittsburgh-based bank also said Vice Chairman Martin McGuinn would succeed Frank Cahouet, who will retire at the end of the year. On April 1, McGuinn will be promoted to chairman and CEO of Mellon Bank and take over the holding company Dec. 31 . . . City National Corp.
November 23, 1996 |
Former Archer-Daniels-Midland Co. executive Mark Whitacre, who acted as an informant in an antitrust case against the company, sued ADM, seeking back wages and punitive damages. In a lawsuit filed in U.S. District Court in Chicago, Whitacre also formally denied charges previously brought by ADM that he allegedly stole $9 million from the agribusiness company. In his lawsuit, Whitacre seeks a judgment against ADM of more than $50,000 and punitive damages of more than $50,000.