Business
Wells Fargo agrees to buy Wachovia, Citi objects
NEW YORK — Wachovia says it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal. But Citigroup now demands that Wachovia abide by the terms of its earlier deal to buy Wachovia's banking operations.
The clash sets up a battle over who will win Charlotte, N.C.-based Wachovia.
The Citigroup deal would have been done with the help of the Federal Deposit Insurance Corp., but the Wells deal would be done without it. The head of the FDIC said the agency is standing behind the agreement it made with Citigroup.
Citigroup says its agreement with Wachovia provides that Wachovia will not enter into any transaction with any party other than Citi or negotiate with anyone else.
Wells Fargo employs about 12,900 people in Iowa, most of them in the Des Moines area, where it operates its retail home mortgage business.
- Business
-
-
UCO to offer small business workshops
The University of Central Oklahoma Small Business Development Center’s (SBDC) February workshops are now available for sign-up, offering small business owners help on issues from developing an effective brand and logo to learning how to use the Internet to attract more customers and more.
-
Edmond Chamber’s director of communication resigns
Lydia Miller, the Edmond Area Chamber of Commerce’s director of communication, has resigned to accept a new marketing position for Creative Oklahoma.
- Oklahoma City-based nonprofit hires former Edmond resident
-
Morton receives Doctor of Chiropractic degree
Reba Morton of Edmond earned her Doctor of Chiropractic degree from Logan College of Chiropractic in St. Louis, graduating as a recipient of the Logan Health Centers Certificate of Appreciation Award.
-
Stroller Strides makes Entrepreneur Magazine’s Franchise 500 List
Stroller Strides, a company that promotes health and fitness for prenatal and post-pregnancy moms and their babies, was recently ranked among Entrepreneur Magazine’s Franchise 500.
-
Commercial real estate is about to turn the corner, experts predict
DALLAS — The CEO of one of the country’s top commercial property firms says the industry is turning the corner.
And a Texas real estate economist agrees. -
Sell your home in half the time
Freeze frame on our nation’s economy. If no new houses were built, there are enough unsold houses to satisfy the needs of the majority of buyers for about nine months. In other words, if no new homes were built it still would take nine months to sell all the houses that are available for sale today.
-
2-4 Business news in brief
2-4 Business news in brief
-
Church wants to close alley for preschoolers
A safety solution for preschool children needing to cross an alley during the day at First United Methodist Church gained the approval of the Edmond Planning Commission Tuesday evening.
-
7 ways to lose a buyer
Way back in the olden days … way back in 2007, homes all across the metro area were selling in a matter of days. And sometimes a home had multiple buyers driving the purchase price higher than what the sellers were asking.
- More Business Headlines
-
UCO to offer small business workshops
