At 9 a.m. EST,
futures were up 7.9, about more than 6 points over fair value, indicating a positive open.
Chicago Board Options Exchange
yesterday called off its merger with the
. Check out Dan Colarusso's
take on the deal's collapse.
European bourses were trading modestly higher at midday.
Asian markets closed mixed, with Hong Kong's
up 29.13 to 10,772.70 and Japan's
off 144.75 to 13,391.81.
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agreed to acquire small-business-loan originator
in a stock swap worth about $379 million.
Morgan Stanley Dean Witter
both reported fourth-quarter earnings far above Wall Street expectations.
have formed an alliance to make and market vitamins and nutritional supplements.
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said it will split its stock 2-for-1 for shareholders of record Jan. 26, without setting a date for the split.
reportedly is in talks to buy the 24.4% stake that Spain's
holds in phone equipment manufacturer
said that it has produced a DRAM chip 40% smaller than present chips in cooperation with
International Business Machines
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Germany's unemployment rate rose to 10.8% in December from 10.7% the previous month, raising fears about the strength of Europe's flagship economy.
German cellular phone giant
said its 1998 pretax profit rose 50%.
Three of Hong Kong's largest banks cut their prime rates by 25 basis points to 8.75% in an effort to spur lending.
Bank of England
cut its benchmark interest rate yesterday to 6.0% in anticipation of worsening domestic and international economic conditions.
yesterday approved $1.01 billion in loans to Brazil as part of a $41.5 billion emergency package put together by the
International Monetary Fund
in November. The loans came as Brazil threatened to cut off funding to its second-largest state, Minas Geras, after the state said it would stop making debt payments to the federal government for three months.
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Former Tennessee governor
reportedly will form a residential exploratory committee today.
Civil unrest continues in Indonesia, where thousands of people rioted in the town of Karawang today.
The U.S. unemployment rate dropped to 4.3% for the month of December, according to government figures.
likely will announce his resignation from