2 - The Michigan Daily - Tuesday, April 14, 1998 NATION Bank mergers transform i The Associated Press The aptly named NationsBank Corp. and BankAmerica Corp. took a giant leap for the banking industry yesterday in a $62.8 billion merger creating the country's first coast-to-coast bank. In the heart of the new No. 1 American bank's territo- ry, another giant also was born as Banc One Corp. and First Chicago NBD Corp. announced a $28.8 billion merger to create the Midwest's most dominant bank. The two deals come just a week after Citicorp and Travelers Group said they would combine their sprawling banking, insurance and brokerage business- es into the nation's biggest financial company. The lat- est mergers increase the pressure on smaller banks to consolidate so they too can provide broad financial services. "This is the first giant stride to bring both coasts together under one banking franchise," said Michael Ancell, a banking analyst at St. Louis investment bank Edward Jones. "Everybody knew it was coming, but when it finally happens it's kind of a breathtaker." The mergers fueled speculation about future coast- to-coast or even global deals in which giants absorb midsized banks. Among major banks, San Francisco- based Wells Fargo & Co. and Seattle-based Washington Mutual Inc. also were seen by analysts as potential targets. "There's no doubt there will be more transactions like this," said Corey Yulinsky, who follows the indus- try for Mercer Management Consulting in New York. "We are going to see some really mega-institutions and some small community banks." Behind this month's wave of mergers - the three largest ever in the financial services business - is convenience. Banks want customers to have access to their branches and ATMs when traveling and want to provide services such as insurance or investment advice along with savings and checking accounts. The deals come as Congress is trying to remove Depression-era barriers that block banks from getting fully into the insurance and brokerage businesses. The BankAmerica-NationsBank merger would be the second-largest corporate marriage ever behind the planned $74.4 billion Citicorp-Travelers combination, to be called Citigroup. BankAmerica and NationsBank would have $570 billion in combined assets, surpa biggest U.S. b In addition up U.S. mere newly grown The new Cit overseas busi still behind J the proposed global ranks. NationsBa strength acrc BankAmerica base. The c BankAmeric, 4,800 bran machines. "Both of oi nationwide NationsBank company pur and Boatmen year. TENURE Continued from Page 1 in the field and even submitted a 10- page recommendation written by a col- league. Ukadike said the recommenda- tion is extremely positive. Ukadike said he was one of many minority professors hired by former University President James Duderstadt under the Michigan Mandate - Duderstadt's initiative to create a more diverse campus. "As I look around campus, I have found myself wondering where all the black faculty have gone - those who were recruited the same time as myself," Ukadike said. Ukadike's 10-year stay at Michigan will end April 30 when his contract expires. "It's not a matter of wanting to stay. I'm being forced out," Ukadike said. He plans to move on to Tulane University for a tenure-track position. Associate Vice President for Researching the Bahh'f Faith? Refer to Internet http://www.rt66.com/-obfusa for documentation proving incontestably that Shoghi Effendi appointed a successor. E-Mail: OBFUSA@RT66.COM 1-800-689-1842 University Relations Lisa Baker said to the lawsuit is "completely without merit. "We are confident in the promo- tion of the tenure review process," Baker said. "The University does not consider race when making tenure decisions." Ngwenyama filed his lawsuit July 16, 1998 against the University, specifically naming Business Dean B. Joseph White and Business Prof. Michael Gordon. "For the seven years that I was a member of the faculty I observed a sophisticated multi-year approach used to force black faculty members out of the school," Ngwenyama wrote on a Web page he set up to publicize the lawsuit. To support his claim, Ngwenyama notes that in the School of Business Administration, only one black fac- ulty member has achieved tenure and only one other has been hired with tenure. KNOW OF NEWs? CALL 76-DAILY TODAY. BLaCiBR latiORaL PaRK, montana Come have the best summer of your life! St. Mary Lodge & Resort, Glacier Park's finest is hiring for the 1998 summer season. Call (800)368-3689 or e-mail name and mailing address to jobs@glcpark.com for an application. Don't pass up the opportunity of a lifetime! I/WORLD indstr ARoUND THE NATioN indusr Free condom program linked to safe sex ssing Chase Manhattan Corp. as the ank. LOS ANGELES - A free condom program at a Los Angeles County high to setting the stage for a spate of catch- school has increased sexual safety without any corresponding increase in sexual gers, the deals are seen as giving the activity, according to a new study being reported today by researchers at the RAND banks more power to expand overseas. Corp. igroup and BankAmerica have strong The percentage of sexually experienced males using a condom each time the nesses, but America's largest banks are had intercourse rose by a third, from 37 percent to 50 percent, at an unnamed hi Japan's Bank of Tokyo-Mitsubishi and school, according to a report in the journal Family Planning Perspectives. J United Bank of Switzerland in the But, rebutting the fears of condom distribution critics, the study found that the number of males and females who had ever had sex remained constant at 55 per- nk, based in Charlotte, N.C., has its cent and 46 percent, respectively. ss the nation's south and midsection. "This is just one study in one school district ... but it is very encouraging' "said a spreads east from its San Francisco Dr. Mark Schuster, a senior researcher at Santa Monica-based RAND and a pedi- ombined bank, which will take the atrician at UCLA. A study in New York recently obtained similar results, he noted a name, will operate in 22 states, with "It looks like these programs really can have the desired effect." ches and 15,000 automated teller Response to the study was tepid, at best, however. Condom distribution "ceased to be controversial a couple of months after we started doing it," said Shel Erlich, ur companies have believed in the idea of a spokesperson for the Los Angeles Unified School District. banking for a long time,' said A condom distribution program was begun in 1992 in high schools in the schoo chair Hugh McColl, whose aggressive district and in the nearby Culver City and Santa Monica districts. chased Southern rival Barnett Banks Inc. i's Bancshares in the Midwest just last Florida ads tell teens try for glamorizing smoking by featur- ing many lead characters whoare W RESTLING not to use tobacco smokers. "We're your best custors So why are you trying to kill us?" : Continued from Page 1 MIAMI - Florida launched a $50 Among the teen demands are a list of "All of these changes are to insure million ad campaign against teen ingredients on every pack of cigarettes safer conditions and a safe future for smoking yesterday that is being fund- and warning labels for movies that fe our sport," Bahr said. "There will be a ed by the tobacco industry's own ture characters who smoke. lot of paperwork to get used to, but money, a product of Florida's $11.3 that's OK with me." billion settlement with cigarette mak- Test could offer early Athletic department officials have ers. pledged to change the Michigan The edgy, in-your-face style full- cancerdetecion wrestling program - regardless of page newspaper ads and television nationwide recommendations. spots were developed with the input of WASHINGTON - A highly sensi- "We've already committed to prac- adolescents, who are smoking in tive new blood test could help doctors ticing ... medicine in this way," said increasing numbers according to gov- find tumors sooner and improve mOni- Associate Surgery Prof. Stephen ernment studies. toring of treatment, researchers say. Papadopoulos, a member of the Board "It's teens talking to teens - we're "The idea is to detect cancers earl in Control of Intercollegiate Athletics. not telling them what to do. We're just when they're more treatable," said' "From a competitive viewpoint, it's letting them know what the tobacco Jonathan Uhr of the University ofTexas nice to know everybody else is going to companies are doing to them," said 17- Southwestern Medical Center at do the same." year-old Tori Binitie, a junior at Dallas. Papadopoulos, who also served on the Lincoln High School in Tallahassee How much earlier a tumor might be University's wrestling task force, said he who appears in the campaign. discovered isn't known yet, Uhr said. But is not only pleased with the changes but In one ad, a teen in a black ski mask Dr. Emilian Racila, one of his co- also with the NCAA's timeliness in simulating a hostage-taker says she researchers, noted that some breast can- making the recommendations. represents a generation "tired of being cers can grow for years before becoming Mike Moyer, chair of the NCAA a target." large enough to be detected by mam- Wrestling Rules Committee, said three A second ad assails the movie indus- mography. guidelines drove committee members' decisions. "The first principle is to eliminate from the sport of wrestlingany and allUTH EO RLD practices, activities and devices that could potentially risk the health of the participants," Moyer said. "The second principle was the focus in our sport Ireland accord brings immediately boarded a bus to join should be on competition and not on .fanother parade in a mostly Protestant weight loss, and the third principle was Sgns of peace town. to make sure all rules were practical, Later, speakers at Apprentice'13 effective and enforceable" BELFAST, Northern Ireland - ralliesrcondemned the compromi In addition to adjustments made to Taking their cue from last week's sweep- contained in last Friday's accord - the 10 weight classes, the NCAA com- ing peace accord for Northern Ireland, which Northern Ireland's largest mittee made the following key recom- Protestant marchers avoided a hostile Protestant patty, David Trimble's Ulster mendations: Catholic neighborhood yesterday that Unionists, supported. Banning of practice rooms that has frequently been a sectarian battle- exceed 75 degrees, ground. Tanzania suspend * The initiation of a preliminary This symbolic start to Northern s sp nd weight-assessment program during Oct. Ireland's always divisive "marching sea- mining after dsaster 1-7, taking into account body weight, son," which runs from Easter Monday to body fat and gravity of urine. Wrestlers' late August, demonstrated the kind of DAR ES SALAAM, Tanzania minimum wrestling weight would be retreats that will be required for the Tanzania suspended all mining ope determined from these factors. The peace agreement to survive the coming tions in the north yesterday whilpres committee suggests wrestlers not lose months. cue workers tried to recover the bdie more than 1.5 percent of body weight Police blocked the early morning of dozens of miners from flooded Min per week. The process would be repeat- march by 20 Apprentice Boys, one of ing shafts. ed in December. Northern Ireland's three pro-British State-run Radio Tanzania reporte Holding weigh-ins for dual match- Protestant fraternal orders, at a bridge a that 21 miners had escaped heavy rain es one hour before the start of the first few hundred yards from the Catholic Friday that flooded 14 shafts - som match and having a random draw decide Lower Ormeau neighborhood of south as deep as 300 feet. Others are feare which wrestlers are weighed-in first. For Belfast. dead in the area 40 miles south of th tournaments, weigh-ins would occur The marchers handed the police com- northern town of Arusha. two hours before the first match. mander a letter of protest. But rather Initial reports spoke of more t Requiring all coaches to be certi- than mounting the kind of lengthy stand- 100 people missing. fled in cardio pulmonary resuscitation off that in past years has ended in vio- and first aid. lence, they and an accompanying band - Compiled from Daily wire reports Moyer said that although the recom- mendations will not solve all safety prob- lems, they are steps in the right direction.I "I think we all recognize that these changes may not be the very end," Moyer said. "There may be some addi- The Michigan Daily (ISSN 0745-967) is published Monday through Friday during the fall and winter terms by students at the University of Michigan. Subscriptions for fall term, starting in September, via U.S. mail are tional changes that need to occur, but $85. Winter term (January through April) is $95. yearlong (September through April) is $165. On-campus st- we're well on our way to certainly mak- scriptions for fall term are $35. Subscriptions must be prepaid. jn te neessry cangs estha addess The Michigan Daily is a member of the Associated Press and the Associated Collegiate Press. ing the necessary changes that address ADDRESS: The Michigan Daily. 420 Maynard St.. Ann Arbor, Michigan 48109-1327. our three guiding principles." PHONE NUMBERS (All area code 313): News 76-DAILY; Arts 763-0379; Sports 647-3336; Opinion 764-0552; DailySportsWrierCirculation 764-0558; Classified advertising 764-0557; Display advertising 764-0554; Billing 764-0550. y p Writer Jordan Field E-mail letters to the editor to daily.Ietfers@umich.ed. World Wide Web: http://www.pub.umich.edu/daily/. contributed to this report. , El. RU ,W.9 NEWS Janet Adamy, Managing Editor EDITORS: Maria Hackett, Heather Kamins, Jeffrey Kosseff, Chris Metinko. STAFF: Melissa Andrzejak, Reilly Brennan, Jodi S. 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