61. The Nasdaq rallied today following the merger of JDS Uniphase and E-Tek Dynamics, two companies that make components used in optical networking. 62. The reorganization, which follows the merger of CNN parent Time Warner with AOL, had been rumored for months. 63. The streamlining follows the merger in March of Lockheed Corp. and Martin Marietta Corp. 64. Following the merger of Chase Manhattan Corp. and Chemical Banking Corp. in April, the Chase Manhattan group has two trust units in Japan. 65. The two banks plan to close some branches at home and overseas to avoid double coverage in certain areas following the merger. 66. The two banks ruled out the possibility of reducing the workforce following the merger. 67. Its Malaysian operations could contribute higher profits following the merger, he said. 68. It ended four years of uneasy unity following the merger of former conservative, tribal North Yemen and the Marxist South. 69. Mitsubishi Bank head, Tsuneo Wakai, will become chairman of the board, following the merger announced last week. 70. One reason for the planned merger was to improve international competitiveness following large-scale mergers taking place offshore in the sector, officials said. |