U.S. stocks held onto midday gains to close higher, as the tech sector drove the
Nasdaq Composite Index
to -- you guessed it -- another record high. The
Dow Jones Industrial Average
gained 77.50 to 9,358.83, while the Nasdaq jumped 28.53 to 2,505.87. The
rose 14.27 to 1,279.64, and the small-cap
advanced 3.25 to 427.22.
TheStreet.com Internet Sector
index picked up 5.12 to close at 557.52.
European bourses closed modestly higher.
Asia's big markets closed higher as Japan's
gained 156.93 to close at 14,499.25, while Hong Kong's
rose 145.94 to 9506.90.
Citing possible inaccuracies on published company statements, the
Securities and Exchange Commission
today suspended trading of six Bulletin Board companies:
Invest Holdings Group
Electronic Transfer Associates
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fortified its operations in the Northeast by agreeing to acquire not-for-profit
Blue Cross and Blue Shield of New Hampshire
for $120 million.
has emerged from Chapter 11 bankruptcy, having received a fresh $62.5 million in investments.
posted fourth-quarter earnings 60% lower than last year, but, at $1.10 a share excluding restructuring charges, above Wall Street estimates.
Cereal one-time charger
matched analysts' expectations with fourth-quarter earnings of 23 cents a share, excluding
said it will lower the boom on 280 workers at its plant in Marietta, Ga.
blamed a massive influx of cheap steel imports for its fourth-quarter loss of 62 cents a share. Not including one-time charges, the company lost 15 cents a share, three cents better than expectations.
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Business management software company
said it will slash 430 jobs after it reported fourth-quarter earnings of 16 cents a share, a penny under analysts' estimates.
posted a fourth-quarter loss of 26 cents a share, 5 cents better than expectations.
is joining the split party, having announced a 2-for-1 split after reporting a loss of $1 a share, not including one-time charges.
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today urged global reductions in trade barriers at the
World Economic Forum
, placing particular emphasis on Japan's role in the world economy.
Tokyo Taxation Bureau
has ordered the
Bank of Japan
to pay $237,000 in taxes that it failed to report.
Management and Coordination Agency
released figures showing that country's 1998 unemployment rate at 4.1%, the highest since records began in 1953.
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figures show that the U.S.
gross domestic product
increased 5.6% for the final quarter of 1998 and 3.9% for the year.
The U.S. and five other
nations warned Yugoslav President
and ethnic Albanian leaders of military intervention if a peace settlement isn't reached by the middle of February. Meanwhile, Serbian police stormed a southwestern Kosovo village, killing 23 Albanians.
Members of the
Energy and Natural Resources Committee
voiced support for legislation introduced by Sen.
Kay Bailey Hutchinson
(R., Texas) that would give tax breaks to operators of small oil wells.
Long live the Queen: Photos of
Camilla Parker Bowles
are ubiquitous in British tabloids today after the two were seen unashamedly together at a birthday party for Mrs. Parker Bowles' sister.