Stocks continued their recent pullback today, with high-growth technology and Internet stocks once again getting the worst of it. The
Nasdaq Composite Index
fell 72.70 to 2619.70, and
TheStreet.com Internet Sector
index dumped 27.46 to 564.39. The
Dow Jones Industrial Average
shed 50.34 to 10,860.62; the
lost 9.18 to 1347.76; and the small-cap
sank 5.51 to 442.87.
The 30-year Treasury bond fell 4/32 to 89 6/32, its yield rising to 6.039%.
The big European indices finished solidly lower, paced by Germany's
, which closed down about 2%.
Asian markets retreated overnight, as Hong Kong's
fell 227.18, or 1.7%, to 12,866.52, while Tokyo's
slipped 43.10 to 17,491.34.
More markets news and commentary is available in
posted second-quarter earnings of $1.41 a share, beating the
14-analyst estimate of $1.40 and up from the year-ago $1.24.
Toronto-based pharmaceutical firm
set plans to acquire drug developer
for about $154 million in cash and stock.
, Italy's largest fast-food restaurant company, agreed to buy
Host Marriott Services
for about $530 million in cash, or $15.75 a share. Host Marriott's board approved the offer, which must be accepted by two-thirds of the company's shareholders.
is being acquired by the U.K.'s
in a transaction valued at close to $1 billion. Roberts shareholders will get 1.0427 to 1.2802 in Shire ADRs for each share of Roberts, and will hold 44% of the resulting company.
said it is "actively engaged in ongoing discussions" with potential buyers of part or all of the company.
The Financial Times
earlier today reported that personal effects maker
walked away from a $3 billion purchase of Revlon, which has made no comment on the story.
posted second-quarter earnings of 41 cents a share, a penny shy of the 16-analyst estimate and down from the year-ago 85 cents.
More news on companies and stocks is available in
Stock News section.
Online corporate filings provider
set plans to buy smaller rival
for about 950,000 shares of Edgar Online stock. That's values FreeEdgar.com at about $11.4 million.
IBM Enterprise Storage Server
-- code-named "Shark" -- a new generation of enterprise disk storage systems.
set plans to buy circuit maker
for about $1.2 billion in stock.
looked at TI's prospects in
story earlier today.
More tech news and commentary is available in
Tech Stocks section.
U.S. war planes bombed a communications installation in Iraq's northern no-fly zone after coming under anti-aircraft fire.
Chinese Foreign Minister
reiterated his country's dedication to its one-China policy at a conference in Singapore. Tang closed his speech with a Chinese proverb: "Prosperity and development are associated with unity, while war and conflict come with separation."
agreed to buy the cable TV business of
Cable & Wireless Communications
for nearly $10 billion in cash and stock.
backed the deal by investing $5.5 billion in NTL.
More international news and commentary is available in
CEO alert: Yesterday's
San Francisco Chronicle
interviewed ex-porn star
ahead of four "live performances" -- the paper doesn't make clear exactly what those performances will entail -- she'll give this week at the O'Farrell Theatre. The interview closes with Chambers, now 47, looking forward: "I'm really into computers," she said. "I can run a company to the utmost."