Agile, Firepod Report Earnings; Congress Passes China Accord

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M&A Earnings/revenue Offerings/stock actions Miscellany

The House of Representatives passed a measure extending permanent trade benefits to China, by a vote of 237 to 197. The legislation now goes to the Senate, where approval is almost assured by next month.

Big businesses supported the legislation, which would eliminate yearly reviews of Bejing's trade status and would assure low tariffs on Chinese goods being imported to the U.S. markets. In return, China would give U.S. businesses access to its markets. The bill's approval was a victory for President Clinton but a defeat for labor unions, who offered stiff opposition to the bill.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 113.08 1.08% 10,535.35 -8.4% S&P 500 25.19 1.83% 1399.05 -4.8% Nasdaq 106.04 3.35% 3270.59 -19.6% Russell 2000 2.72 0.59% 461.73 -8.5% TSC Internet 12.44 1.64% 771.25 -33.2% TSC New Tech 30 65.75 -12.9% 443.64 -28.2% NOTE CHANGE PRICE YIELD 10-Year Treasury -10/32 100 5/32 6.475%

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