U.S. stocks closed lower, although blue-chips rode a late rally back to the break-even point. Deflating tech stocks stank up the tape again on the
Nasdaq Composite Index
. The Nasdaq sank 36.41 to 2,373.66, the
Dow Jones Industrial Average
dipped 0.26 to 9,204.24 and the
lost 9.09 to 1,239.40. The small-cap
dropped 5.07 to 412.72, while the
TheStreet.com Internet Sector
index shed 5.93 to close at 532.52.
European bourses closed mixed.
Asian markets closed lower, with Japan's
off 188.77 to close at 13,898.08 and Hong Kong's
dumping 248.45 to 9190.20.
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said it will cut about 1,500 jobs over the next year and a half, mostly at the company's downtown Chicago headquarters.
has put its plans to sell part of its North American seed business to
Hoechst Schering AgrEvo
on the back burner after months of delay related to a lawsuit filed by Cargill against two other seed companies.
posted a $1 million loss for the fourth quarter of 1998. Excluding one-time charges, the company made 2 cents a share, besting the break-even results expected by analysts.
Unwilling to meet demands of British antitrust regulators that it divest itself of its
is nixing plans to buy the U.K.'s
Royal Auto Club
has crossed the
subsidiary has ended its relationship with
Young & Rubicam
, the advertising agency that handles Miller's
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Not a good
Advanced Micro Devices
. The chip maker yesterday evening confirmed fears that it could post an operating loss for the first quarter of 1999.
is on the verge of buying about 35% of Web portal
, according to
The Industry Standard
. Last night
discussed the rumor in the context of the broader industry.
to join online investment bank
talked with Wit Capital about the coup last night.
has started selling a large chunk of its catalog in MP3, bolstering the digital format's commercial legitimacy.
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today replaced Chairman
, who led the firm's 1994 purchase of unprofitable
, with former production head
officials said that the company has found documents that show it helped to finance the construction of the Auschwitz death camp.
has stepped down as chairman of
Swedish car, er, truck maker
is about to close a $7.7 billion acquisition of competitor
, according to the Swedish newspaper
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New York City police fired 41 bullets at an unarmed 22-year-old West African immigrant, killing him.
prosecutors in a videotaped deposition that
never told her to file a false affidavit.
figures show that nonfarm payrolls increased by 245,000 in January, keeping the nation's unemployment rate at its 28-year low of 4.3%.
A Jordanian palace official said that
is on life support, and that the system may be turned off at any time. He had returned home last night after rejecting a bone marrow transplant at a U.S. hospital.
Dorf on golf? Possibly. But
has announced that he is leaving
Monday Night Football
after 12 years.
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