Put on your white shoes and your seersucker suit and relax. These are the days before extended trading hours, and stocks are up, for now.
All the major proxies finished solidly in the black, albeit on very lame volume. The
Dow Jones Industrial Average
gained 92.81 to 10,559.74; the
added 20.44 to 1301.85; the
Nasdaq Composite Index
grew 51.26 to 2470.41; the small-cap
rose 5.76 to 438.68; and
TheStreet.com Internet Sector
index advanced 21.26 to 580.64.
The big European indices finished mixed, with London's
closing a bit over break-even, while France's
settling a tad below. The Dax saw heavy dealing in
on news that state holdings in the company will be listed in June, a change that will cause Deutsche's Dax weighting to balloon from 5% to 13%.
Asian markets were weak overnight. Hong Kong's
dropped 249.28, or 2%, to 12,059.25, and Tokyo's
fell 204.51, or 1.3%, to 15,972.68.
More markets action and news is available in
for a $2.5 billion jet order,
sweetened its bid to produce its F-15 fighter planes for Israel by offering an extra $500 million in incentives for Israeli businesses.
Food and Drug Administration
for treatment of juvenile rheumatoid arthritis.
today is spinning off the remaining 80.1% of its stake in
Delphi Automotive Systems
as a special dividend to GM stockholders.
Standard & Poor's
said last night that
in the S&P 500 after the closing bell on June 4. Bankers Trust is being acquired by
shareholders have tendered about 15% of their stock in response to its hostile offer, which United Rentals said it will extend to June 18.
More news on companies and stocks is available in
Stock News section.
, a recently formed investment vehicle of Rupert Murdoch's
, has made its first investment, a minority stake in high-tech investment bank
The $6.7 billion acquisition of Web portal
by high-speed Internet access provider
has been approved by shareholders of both companies.
bought a 4.25% stake in wireless phone company
for $600 million.
More tech news and commentary is available in
Tech Stocks section.
Oil exporting countries are in 90% compliance with the export reduction pact reached in The Hague back in March, according to Mexican Energy Minister
released figures showing personal income increasing 0.5% for April, 0.1 percentage point higher than expectations and last month's rate. Personal consumption rose 0.4% this past month, matching economists' forecasts and the March clip.
travels to Belgrade to talk peace with Yugoslav
. The prospects don't look good in the short term:
is showing no signs of slowing its air strikes, having flown about 310 attack sorties yesterday and today.
China National Petroleum
said it plans to raise up to $10 billion in two years by selling shares in the U.S., U.K., Hong Kong and China. The company said it would first have to restructure its diverse operations.
French oil company
offered $4.45 billion in cash and assumed debt for Norway's
, besting an all-stock bid from
at Saga's request. Elf will proceed without the interest of
, Norway's state-owned oil company, which yesterday agreed to give its 20% stake in Saga to Norsk Hydro in return for Saga oil assets.
More international news and commentary is available in
The executor of the estate of the late comic actor
has filed a lawsuit against pharmaceutical company
, charging that side effects from its antidepressant
caused Hartman's wife to shoot him and then herself. No suit has yet been filed against the manufacturers of the cocaine and booze on which Mrs. Hartman was stoned the night of the murder-suicide.
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