At 9 a.m. EST the
were up 1.7, near fair value.
European bourses generally were lower at midday.
Asian markets closed mixed, as Japan's
picked up 54.41 to close at 14,208.81, while Hong Kong's
plummeted 239.02 to 9,499.50.
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subsidiary and asset scavenger
has agreed to buy the leasing business of bankrupt
, a unit of the now-nationalized
Long-Term Credit Bank of Japan
. Separately, GE Capital settled for about $100 million a class action lawsuit alleging unfair debt collection by the company.
Prozac patent-infringement suit against competitors
said Friday that it has scrapped plans to begin Phase III testing of potential blockbuster antidepressant MK-869.
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posted fourth-quarter earnings of $1.12 a share, up 58% from last year. The company attributed the increase to cost-cutting and a booming mobile-phone services segment.
will be named chief technology officer of
, according to
The Wall Street Journal
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Swedish mobile-phone giant
said it will cut 11,000 jobs over two years in response to slowing profit growth.
is downshifting. The Swiss banking behemoth said it will curtail its investment banking operations in favor of the private client and asset management segments, and cut its earnings forecast for 2002 by 10%.
Figures from Japan's
Ministry of Finance
show that country's trade surplus increased 14% in the month of December.
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managers met for two hours yesterday with
to gauge her utility as a witness, against the objections of
Democrats who claim the interview undercuts the Senate's authority to determine witnesses in impeachment proceedings.
A U.S. and U.K. missile attack killed and wounded civilians in the Iraqi city of Basra, according to the official
Iraqi News Agency
as head coach.