U.S. stocks were higher at midafternoon, as the tech sector started picking up steam behind bellwether
, lately up 8 3/16 to 108 3/16.
European bourses closed higher.
Asian markets closed mixed as Japan's
dumped 34.07 to close at 14,465.18, while Hong Kong's
rose 92.65 to 9599.55.
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posted fourth-quarter earnings of 98 cents a share, 2 cents over analysts' expectations, citing strong growth in its managed care operations.
Industrial component maker
said that it will buy
for about $1.7 billion.
Daily newspaper publisher
reported fourth-quarter earnings of 92 cents a share, beating Street estimates by a penny.
New England Electric System
will pay $634 million for Boston-based
Eastern Utilities Associates
. New England Electric itself is being acquired by the U.K.'s
National Grid PLC
Specialty chemical firm
Rohm & Haas
has agreed to buy
for $4.9 billion.
James J. Cramer
thinks the chemical stocks are dying to please the Street.
Chairman and CEO Melvin Goodes will retire May 1, to be replaced by President and COO Lodewijk de Vink.
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this week is expected to announce that it will eliminate as many as 600 jobs at its plant in Cork, Ireland, according to
The Sunday Business Post
intensified its presence in the local phone service market by signing a deal that will allow it to provide phone service over
cable systems in 33 states. Separately,
CEO Peter Bonfield told
The Sunday Times
that BT and AT&T are mulling over a possible alliance between their mobile phone operations.
announced a 3-for-2 stock split, to be paid Feb. 26.
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said today that it will restructure its retail banking operations, including reducing the number of divisions from 20 to two and making unspecified job cuts.
The Gauls have joined the European banking consolidation movement in a big way. France's
has agreed to buy
for about $18.2 billion, the resulting entity to rival
for the position of Europe's second-largest bank in terms of assets.
announced that it will buy the U.K.'s
Guardian Royal Exchange
for about $5.6 billion. This morning
reported on the new European mergers.
, Japan's No. 1 brokerage firm, said it is mulling over selling its successful and highly valued
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Like so many Internet companies, Americans continue to maintain a high burn rate.
figures show that U.S. workers' personal income rose by 0.5% in December, the highest clip in 10 months. Personal spending, on the other hand, rose by 0.8%, the largest increase in seven months.
a $1.7 trillion budget for the year 2000.
The impeachment trial proceeds today as
34-19 in last night's soporific
, with Elway earning most valuable player honors.
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