Stocks across the board plummeted at the open, with the
Nasdaq Composite Index
pacing the declines on yet another big tech selloff led by
, whose shares were lately down 10 7/16 to 91 7/16 on fears about the computer maker's earnings picture.
European bourses were higher at midday. Asian markets closed higher, with Hong Kong's
skyrocketing 278.62 to 9425.42 amid news that its government would end its nine-month moratorium on public land sales. Japan's
added 21.29 to 13,973.69 as that country's central bank said it will lower its key overnight call rate to 0.15% from 0.25%.
watching the rising long term yields, however.
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filed a contempt of court motion against its pilots union, which defied a federal judge's order to end its "sickout" yesterday.
Medical device firm
will cut 2,000 jobs as part of its integration of former
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has filed suit against
, charging that those companies violate its trademark by generating banner advertisements for other pornographic Web sites when users search on the keyword "playboy."
statement that CMGI supports USA's acquisition of Web portal
, saying that it is "generally supportive" of the merger, but "reserves the right to reassess the position." CMGI owns 20% of Lycos.
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Senators vote today on impeachment charges against
said that the people of East Timor should vote for either autonomy or full independence before Indonesia's
People's Consultative Assembly
meets in November.
expressed interest in forming an alliance between Jordan and the future state of Palestine. Two-thirds of Jordan is Palestinian.
, deputy leader of Germany's
union for metal and engineering workers, expressed skepticism over the possibility of avoiding strike through last-minute arbitration between IG Metall and employers.
its new CEO, effective March 26. O'Neill, president of
financial services unit, is the first foreigner named to that position at Barclays.
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Long live the King. 112-year-old
became the oldest person in Japan today when 113-year-old
passed away at her home in central Japan, the
Health and Welfare Ministry
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