Stocks are heading higher in early action, led by a resurgent
Nasdaq Composite Index
European bourses were lower at midday.
Asian markets generally closed lower, although Japan's
went against the grain by gaining 94.41 to 13,992.49. Hong Kong's
lost 50.60 to 9139.60.
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John D. McNamara has been named the new president of
Archer Daniels Midland
. McNamara was formerly the company's vice president and head of North American oilseed processing.
canceled contracts with
for two jobs related to the National Missile Defense system. TRW's contract was worth $683 million, and Boeing's contract was worth $148 million.
is in talks to acquire reinsurance company
in a $1 billion stock deal that would give XL Capital access to the U.S. market, reported
The Wall Street Journal
saw the options play on NAC Re last month.
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will form a joint venture to extend the Internet capability of wireless networks.
warns Luddites of the deal's magnitude. Meanwhile,
will offer a product combining wireless voice and data transmission with the Internet.
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U.K. betting shop and hotel operator
said it has agreed to buy hotel operator
for $1.89 billion.
Royal Dutch/Shell Group
is negotiating with Nigeria to expand its oil and natural gas production in that country through an additional $8.5 billion investment over the next five years, according to the
Saudi Arabia dashed U.S. energy companies' hopes of getting a piece of the kingdom's oil business, citing its desire to focus on the natural gas sector instead.
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More than 800,000 mourned the death of
as his casket was borne through the streets of Amman, Jordan.
23-10 in football's
. The game was highlighted by
at the four-yard line after Sanders had returned an interception 87 yards. McCaffrey called the tackle, " one of the biggest thrills of my career." Zzzzz....
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