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BUSINESS
May 4, 2007 | From the Associated Press
Eager to fill one of the few holes in its coast-to-coast business, Bank of America Corp. hinted Thursday that it wasn't likely to back down without a fight after a Dutch court blocked its purchase of LaSalle Bank Corp.
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BUSINESS
July 14, 2007 | From Times Wire Reports
The Dutch Supreme Court broke the logjam in the takeover battle for ABN Amro, the biggest in the history of the banking industry, with a ruling that allowed the Amsterdam-based bank to sell its U.S. arm to Bank of America Corp. and cleared the way for ABN itself to be acquired. The legal struggle over Chicago-based LaSalle Bank Corp. had kept the larger fight for ABN on hold since early May.
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BUSINESS
July 14, 2007 | From Times Wire Reports
The Dutch Supreme Court broke the logjam in the takeover battle for ABN Amro, the biggest in the history of the banking industry, with a ruling that allowed the Amsterdam-based bank to sell its U.S. arm to Bank of America Corp. and cleared the way for ABN itself to be acquired. The legal struggle over Chicago-based LaSalle Bank Corp. had kept the larger fight for ABN on hold since early May.
BUSINESS
May 4, 2007 | From the Associated Press
Eager to fill one of the few holes in its coast-to-coast business, Bank of America Corp. hinted Thursday that it wasn't likely to back down without a fight after a Dutch court blocked its purchase of LaSalle Bank Corp.
BUSINESS
April 23, 2007 | From Bloomberg News
Bank of America Corp. agreed to buy Dutch bank ABN Amro Holding's U.S. unit, LaSalle Bank Corp., for about $21 billion, making it the largest bank in Chicago, a person with direct knowledge of the situation said. The purchase would fill one of the few remaining holes in Bank of America's sprawling branch network, the nation's most extensive.
BUSINESS
May 24, 2005 | From Bloomberg News
The National Assn. for Business Economics trimmed its projection for U.S. economic growth this year to 3.4% and raised its inflation forecast because of higher energy prices and labor costs. The growth forecast, based on a survey of 50 economists, compares with 3.6% projected in February and actual growth of 4.4% in 2004. The economists also cut their second-quarter growth forecast to 3% from the 3.7% they projected in the February survey.
BUSINESS
May 8, 2007 | From Times Wire Services
Dutch banking firm ABN Amro said it would let shareholders decide between a hostile 71.1-billion euro ($96.4 billion) mostly cash takeover offer from a group of banks led by Royal Bank of Scotland and a friendly all-share bid by British bank Barclays worth about 64.2 billion euros ($87.1 billion). Amsterdam-based ABN said it had received the Royal Bank of Scotland bid Saturday, but could not recommend it because RBS had also made a separate $24.5-billion offer for ABN's Chicago-based U.S.
BUSINESS
May 30, 2007 | From the Associated Press
ABN Amro received an industry record takeover bid of 71.1 billion euros ($95.5 billion) Tuesday from a group led by Royal Bank of Scotland, but its shares slipped as the Dutch bank's earlier decision to sell its U.S. arm to Bank of America Corp. still clouded prospects for a quick deal. The mostly cash offer by the RBS-led consortium of 38.40 euros ($51.59) a share is about 10% higher than the bid on the table from Britain-based Barclays.
BUSINESS
April 26, 2007 | From the Associated Press and Bloomberg News
Bidding for one of the largest takeovers in corporate history escalated Wednesday as a group led by Royal Bank of Scotland said it planned a bid worth almost $100 billion for ABN Amro that tops Barclays' offer by more than 10%. Shareholders immediately pressured ABN to commit to accepting the highest bid, ahead of the Dutch bank's annual shareholders' meeting today, and analysts said the key battleground was LaSalle Bank Corp. in the U.S.
BUSINESS
July 20, 2007 | From the Associated Press
Bank of America Corp. recorded another profitable quarter Thursday, but gave investors reason to worry as it fattened its provisions for loan losses, an indication that it sees lending risks growing. Bank of America, the No. 2 U.S. bank by assets, reported a 5% rise in second-quarter earnings from growth in capital markets activity and consumer fees, offsetting an increase in credit losses. But its provision for credit losses ballooned 79.2% to $1.81 billion, up from $1.
BUSINESS
April 23, 2007 | From Bloomberg News
Bank of America Corp. agreed to buy Dutch bank ABN Amro Holding's U.S. unit, LaSalle Bank Corp., for about $21 billion, making it the largest bank in Chicago, a person with direct knowledge of the situation said. The purchase would fill one of the few remaining holes in Bank of America's sprawling branch network, the nation's most extensive.
NATIONAL
May 17, 2007 | Dan Morain, Times Staff Writer
Republican presidential candidate Rudolph W. Giuliani earned $16 million last year -- including $11.4 million in speaking fees -- and Democratic contender John Edwards' income topped $7 million, the candidates' financial disclosure statements released Wednesday show. Sen. Barack Obama (D-Ill.) disclosed that he received $572,000 in advances for two nonfiction books and one children's book, and had a total income that approached $1 million in 2006.
NEWS
June 17, 2007 | Barbara Rose, Chicago Tribune
Kevin Rudge strapped his 18-month-old daughter into a shopping cart and wheeled her down the grocery aisle singing "Itsy Bitsy Spider." Their morning outing started about the time his wife, Camille, a banker, arrived at her office. The couple agreed he would take a break from his career after his managerial position at Nortel Networks was eliminated in late 2002, during the telecom industry downturn.
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