futures closed the morning session down 8.60, about 18.60 below fair value, indicating a sharply negative open.
European bourses generally were lower at midday.
Asian markets closed lower, as Japan's
lost 91.02 to close at 14,154.40, while Hong Kong's
plummeted 310.05 to 9,738.52.
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said it is in talks to acquire ailing Japanese automaker
handed out 500 pink slips to employees of
Universal Music Group
, as part of a cost reduction program following Seagram's purchase of
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is considering selling its Internet-access operations -- including Internet service provider
for $1 billion in @Home stock, according to
The Wall Street Journal
assets for about $1.82 billion.
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Government figures show that the U.K.'s GDP expanded 0.2% in the fourth-quarter of 1998, the slowest pace since 1992.
Royal & Sun Alliance Insurance Group
said it's in talks to acquire rival
Guardian Royal Exchange
in a deal that would form the #1 insurer in the U.K.
Danish toy maker
said it will let go up to 10% of its 10,000 person workforce to cut costs in the face of an increasingly competitive electronic game market.
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Lawyers for Jewish groups and Swiss banks have hammered out the details for a settlement of $1.25 billion in compensation for wartime losses.
Raul Salinas de Gortari
, brother of ex-Mexican President
Carlos Salinas de Gortari
, has been convicted of the murder of rival
About 400 people, including Communist Party leader
, yesterday commemorated the 75th anniversary of
death by decorating his Red Square mausoleum with wreaths and carnations.
A 71-year-old Hungarian woman was rescued by Budapest police after being locked in her pantry for a month. The woman reportedly survived on tomato juice and canned fruits.