U.S. stocks opened mixed, with blue-chips flat but Internet and other tech stocks advancing strongly.
European bourses traded lower at midafternoon.
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.
For more markets action and news, click
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.
For more news on companies and stocks, click
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.
agreed to acquire billing software company
for $1.48 billion in stock.
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
For more tech news and commentary, click
reportedly is in merger talks with several companies, including Sweden's
Guangdong International Trust and Investment
, the investment unit of the wealthy Chinese province of Guangdong, has filed for bankruptcy with debts of $4.3 billion.
British American Tobacco
agreed to acquire
Compagnie Financiere Richemont
for about $7.5 billion in stock.
For more international news and commentary, click
Two U.S. fighter jets fired on an air defense installation today in northern Iraq after they were lit up by Iraqi radar.
U.S. payrolls rose by 378,000 new jobs in December, the biggest monthly gain in more than a year.
Bank for International Settlements
meeting in Hong Kong,
told the heads of 16 central banks, including 11 from the Asia-Pacific region, to expect any slowdown of the U.S. economy to be "relatively moderate."
said Friday that air strikes on Iraq have retarded that country's weapons program by two years and killed 600 to 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.