That's not a rally --
a rally. Stocks followed up Thursday's strong performance in grand fashion, as blue-chips soared to record heights, giddied by the
employment report. The
Dow Jones Industrial Average
surged 268.68 to a record 9736.08; the
jumped 28.83 to 1275.47; the
Nasdaq Composite Index
shot up 44.22 to 2337.11;
TheStreet.com Internet Sector
rose 10.95 to 534.34; and the small-cap
eked out a 3.99 gain to close at 398.01.
Major European bourses posted big gains, and Asian markets went through the roof on the heels of Thursday's rally on Wall Street. Japan's
skyrocketed 710.55 to 14,894.00, and Hong Kong's
shot up 328.36 to 10,241.12.
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St. Joseph Light & Power
are combining in a $190 million deal.
announced a 2-for-1 stock split and a 29% dividend hike for shareholders of record on March 19, and said that it will expand its stock buyback program.
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Close on the heels of its purchase of
, cable giant
agreed to acquire
in a $5.2 billion deal, including $1.6 billion in debt assumption.
warned investors that it expects to incur losses in its next two quarters because of slack PC sales.
is goosing its e-commerce business with the acquisition of comparison-shopping service
, which the company will integrate with its
Proceed to Defcon 3. Dutch electronics company
filed a lawsuit to keep U.S. semiconductor manufacturer
from taking a poison pill to ward off Philips' hostile tender offer.
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reported that February payrolls increased by 275,000, while the unemployment rate inched up 0.1 percentage point to 4.4%.
is holding a White House meeting with Italian Premier
the day after a U.S. military jury acquitted Capt. Richard Ashby of involuntary manslaughter in the Feb. 3, 1998, accident in which his jet tore through a gondola cable in Italy, killing 20.
said it is throwing its weight behind a plan to create 770,000 jobs through corporate incentives and industry deregulation.
The Benelux are coming: Dutch banking group
acquired an 8.75% stake in
Banca di Roma
one day after Belgium's
KBC Bancassurance Holding
bought 7.7% of
Credit Commercial de France
is, to say the least, confident of its next-generation
prospects. The company said that it is earmarking about $1 billion for the production of chips for the machine.
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Greaseman in the house? Shock jock Doug "Greaseman" Tracht, fired from his job at Washington-area WARW radio for a brutal reference to the dragging death of James Byrd Jr., wants to visit the Byrd family home in Jasper, Texas, to make a personal apology. "I'm here to reclaim my reputation back," said the Greaseman, to whose unpleasant offer the Byrd family has yet to respond.
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