Oscar party hangover? Stocks looked sluggish from start to finish, as most major indices closed lower on thin volume. The
Dow Jones Industrial Average
lost 13.04 to 9890.51; the
shed 2.28 to 1297.01; and the
Nasdaq Composite Index
dumped 25.35 to 2395.92; the small-cap
fell 3.38 to 393.20; but
TheStreet.com Internet Sector
index picked up 4.92 to close at 633.51.
Major European indices closed lower. In Asia, Hong Kong's
rose 24.32 to 11,107.24, while Japan's
was closed for the spring holiday.
For more markets action and news, click
yesterday resumed negotiations with its pilots union, hoping that differences between the two groups can be solved through nonbinding mediation, according to
The Wall Street Journal
is paying the government of New Zealand about $640 million for a 40% stake in gas and electric firm
. The deal gives Edison International one-third of New Zealand's electricity production and most of its gas retailing business.
Wastewater treatment firm
is being acquired by French conglomerate
for about $6.2 billion in cash, marking the largest-ever French corporate inroad into the U.S.
For more news on companies and stocks, click
agreed to buy rival
in a stock deal worth about $60 billion. MediaOne shareholders will own about 64% of the combined entity.
today confirmed that it has contacted the
about a possible settlement of its the antitrust trial.
For more tech news and commentary, click
Secretary of State
today said that special envoy
this week will make clear to Yugoslav President
that he must either accept the Kosovo peace settlement or prepare for
bombings of Serb targets.
Government leaders from Japan and Australia today accused the U.S.
of trying to subvert
World Trade Organization
rules by passing a bill limiting foreign steel imports.
Former New York City mayor
is listed in stable condition at
New York Hospital
. At a news conference today, Koch told reporters that he is "doing OK." Koch, 74, was taken to the emergency room this morning after suffering cardiac problems while working out.
A judge granted
Dr. Jack Kevorkian's
request to represent himself at his murder trial, which begins today. Kevorkian, who says he has facilitated more than 130 suicides since 1990, is charged with killing Thomas Youk, a 52-year-old man suffering from Lou Gehrig's disease. Prosecutors won't have search too hard for evidence of Youk's death -- it was videotaped by Kevorkian and later broadcast on
At a news conference at Cairo's El Basatine Clinic, First Lady
Hillary Rodham Clinton
today said that she's giving serious consideration to the possibility of a
run in 2000.
A Dutch court today ordered
to negotiate with French luxury goods maker
LVMH Moet Hennessey Louis Vuitton
over it's $7.86 billion hostile takeover offer for the fashion group. The court also gave the green light to French retailer
plans to take a 40% stake in Gucci.
has agreed to merge with three other phone companies --
Maritime Telegraph & Telephone
-- to form a company able to service all of eastern Canada and compete with Canada's largest telecommunications firm,
. The new company will be called
The European banking system will have some new entrants into its top ranks if two Italian megamergers go through. Over the weekend
, Italy's largest bank, said it will merge with
Banca di Roma
just hours after
announced its plans to acquire
Banca Commerciale Italiana
For more international news and commentary, click
The envelope, please:
Shakespeare in Love
garnered top honors at last night's
presentation, taking home a total of seven Oscars, including the award for best picture.
The semifinal brackets are set for this year's
basketball tourney: Beast of the East
will play Midwest champ
, while South bracket representative
will meet the West's
University of Connecticut
Have a dumb question relating to finance? Great. Have a
dumb question? Even better. Send it to
MonEmailbag@thestreet.com, and I'll do my best to answer every Saturday. Include your full name, and please, no questions seeking personal financial advice or regarding personal brokerage disputes. And this reminder: Because of the volume of mail, personal replies can't be guaranteed.