U.S. stocks were trading higher at midday, led by the indefatigable Internet sector.
Chicago Board Options Exchange
yesterday called off its merger with the
last night offered his
take on the deal's collapse.
European bourses generally closed higher.
Asian markets were 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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said it will take a $220 charge for the 1998 fourth quarter to cover the costs of settling a class-action lawsuit related to last year's accounting scandal.
Morgan Stanley Dean Witter
yesterday both reported fourth-quarter earnings far above Wall Street expectations.
Two passengers have filed suit against
after being held on a plane for eight hours during last weekend's snowstorm at
Detroit Metropolitan Airport
announced a fourth-quarter charge of $350 million to cover firings and the reduced value of its oil holdings.
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said it will not create a tracking stock for its consumer services business along with its purchase of
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.
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Former Tennessee Gov.
(R) reportedly will form a presidential 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 today his resignation as
head basketball coach.