At 9 a.m. EST the
futures were down 2.80, or about a point below fair value, indicating a flat open.
European bourses were mixed at midday.
Asian market closed lower, as Japan's
shed 23.33 to 13,368.48, and Hong Kong's
dropped 88.43 to 10,634.27.
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surged Friday as it announced fourth-quarter earnings above expectations, a 50% dividend increase and a 2-for-1 stock split.
said it will spend $55 billion to $60 billion on research and development over the next three years.
reportedly will claim its arthritis drug
is more effective at treating a broad range of pain than
, which the
Food and Drug Administration
has said can only be marketed as an arthritis treatment.
today opened its first branch in China at a five-star Beijing hotel.
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said it will spend an additional $2 billion in 1999 accelerate its upgrade of
cable networks to handle bundled packages of TV, Internet and telephone services. The company also said it will not create a tracking stock for its consumer services business along with its purchase of TCI.
said Friday that it will record a $1.3 billion gain from an accounting change regarding its pension assets.
said it will not bid for cellular phone giant
, leaving AirTouch to continue talks with
Packard Bell NEC
CEO Beny Alagem reportedly is in talks to acquire a large stake in
Samsung Group's AST Computer
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reportedly is in merger talks with several companies, including Sweden's
German reinsurance company
said it spun off $35.9 billion in industrial holdings in late 1998.
British American Tobacco
agreed to merge in a $21.5 billion deal.
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378,000 new U.S. jobs were created in December, the biggest monthly gain in more than a year.
In a speech to the
Economic Club of Detroit
threatened Japan with severe tariffs on steel exported to the U.S. if that nation allowed shipments to remain at their current level.
said Friday that air strikes on Iraq have retarded that country's weapons program by two years and killed between 600 and 2,000 Republican Guard members.
Communications and pharmaceutical mogul Daniel Snyder and banking brothers Howard and Edward Milstein have agreed to purchase the
Jack Kent Cooke Stadium
for $800 million.