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First Union Corp. Chair Edward Crutchfield said that following the First Union acquisition of PA-based CoreStates Financial Corp., First Union's name "will go on" the CoreStates Center and that First Union will take over title sponsorship of the annual CoreStates U.S. Pro Cycling Championships (PHILADELPHIA INQUIRER, 11/20). Also in Philadelphia, Paul Davies reports that the CoreStates Center "will be the First Union Center," and that the name change will "probably" go into effect in April after the deal is finalized (PHILADELPHIA DAILY NEWS, 11/20).
NBA Commissioner David Stern said yesterday that the NBA "would do a lot to make it happen" if the Maple Leafs decide to move into the Air Canada Centre with the Raptors, according to Bill Harris of the TORONTO SUN. Stern: "In principle, if it's better for the city to have two franchises in one building, we're all for it." Harris: "This is a far cry from the combative Stern who attacked the Leafs a little more than a year ago." Now Stern said any possible deal is "not an issue for us. We made a commitment to have a building in Toronto" (TORONTO SUN, 11/20).