Stocks were solidly higher as the morning wore on, with the
Dow Jones Industrial Average
up about 80 points and the
Nasdaq Composite Index
European bourses were mixed at midafternoon, and Asian markets closed mixed. Hong Kong's
dropped 24.78 to 9229.34, and Japan's
gained 158.63 to 14,256.67 after the weekend
Group of Seven
meeting revealed no opposition to the weakening yen, which closed at 121.4 to the dollar.
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has agreed to buy gas and oil-pipeline firm
Consolidated Natural Gas
in a stock swap worth $6.3 billion.
Southern California utility firm
is buying national natural gas company
for $1.8 billion in cash and stock. Sempra will also assume about $4.1 billion in debt under the deal.
is expected to announce its $4 billion acquisition of aerospace parts manufacturer
today, according to
The Financial Times
reported Friday on the heavy call-buying in Sundstrand.
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Advanced Micro Devices
today unveils its long-awaited K6-III chip, which the company will pit against Intel's
announced it will acquire privately held online software retailer
for 5.4 million shares of its own stock, a $133.65 million price tag, based on Friday's share price.
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U.S. warplanes dropped 11 bombs on anti-aircraft sites in Northern Iraq after being lit up by Iraqi radar.
Fighting erupted between Serbian troops and ethnic Albanian rebels today as the Kosovo peace talks near their extended Tuesday deadline.
rebuffed a $58 billion hostile takeover bid by
, which claims its offer will keep the company in Italian control. Riding on the deal's success is German engineering and telecom firm
bid to buy Olivetti's stakes in mobile phone company
and fixed-line firm
. The Italian government has stayed neutral on the deal so far.
said that it has ended talks with
to buy its 45.5% stake in truck maker
, with whom Volvo announced its intention to merge last month. But Volvo said that it does not plan to sell its 13% stake in Scania.
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will hold a news conference today to announce a date for the broadcast of Walters' interview with
. Walters, a highly respected journalist known for her news-breaking ability and dogged refusal to coddle guests, has said that ABC did not pay for the interview.
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