There you go. Dow 10K. Feels a lot like
final round yesterday at Sawgrass: You can't help but be extremely impressed, even though it took
. Traders greeted the milestone with all the controlled enthusiasm of an 18th-hole gallery.
Dow Jones Industrial Average
gained 184.54 to 10,006.78; the
gained 27.37 to 1310.17; the
Nasdaq Composite Index
surged 73.67 to 2492.84; the small-cap
rose 5.84 to 399.76; and
TheStreet.com Internet Sector
index picked up 24.58 to close at 654.16.
European bourses finished sharply higher, while Asian markets closed lower. Hong Kong's
lost 114.84 to 10,688.47, and Japan's
sank 8.15 to 16,008.84.
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Three months after it was borne from the $48.2 billion merger of
today said it is in talks to acquire
is in talks to buy television syndicator
King World Productions
for up to $3 billion, according to Saturday's
New York Times
, which cited unnamed executives close to the talks.
today filed for Chapter 11 bankruptcy protection, listing debts of $1.3 billion and assets of $1.5 billion.
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announced plans to launch an Internet auction service competing with e-tailers
skyrocketed on news that software firm
is offering $29.25 a share for the company in a deal worth more than $3.5 billion. Platinum closed up 14 3/16 to 24 1/16.
said it has agreed to supply
network with $1 billion in equipment and services over four years.
State attorneys general involved in
antitrust settlement talks will ask the company on Tuesday to divest itself of its
operating system, according to a
report yesterday. The paper said that the suggested sale may take the form of a forced auction.
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The situation continues to worsen in the Balkans. As its war planes rain bombs on Serbian targets for the sixth straight day,
officials report that ethnic Albanians fleeing Serbian paramilitary forces have been hitting the Albanian border at a rate of 4,000 an hour. The State Department said that "there are indications genocide is unfolding in Kosovo." Meanwhile, Russia said that Prime Minister
will meet Tuesday with
"with the purpose of
bringing an immediate halt to NATO's bombing of Yugoslavia."
Here's something that will not go over well with NATO. Primakov was paid at least $800,000 by the Iraqi government and ran interference for Iraq during the
efforts to monitor the country's weapons programs, according an investigative article in this week's issue of
The New Yorker
. The article details a close relationship between Primakov and
from the 1960s.
But NATO's one thing, and the
International Monetary Fund's
another. Citing a source close to the talks, the news agency
today said that the IMF will lend Russia $4.8 billion in four equal payments, the earliest of which could arrive as early as the end of April.
Imperial Chemical Industries
said it is in talks to sell underperforming bulk chemical assets to private U.S. chemical maker
and other companies. The
earlier reported the assets' sale to be worth about $3 billion.
In case you hadn't heard: French automaker
has finally signed a deal to pay $5.4 billion for a 37% stake in ailing
and a 23% stake in its truck-making affiliate,
Nissan Diesel Motor
revamped its plan to buy out the 40% of mobile phone unit
Telecom Italia Mobile
it doesn't already own, making a $24.7 billion cash offer instead of the originally planned stock offer.
responded to Telecom Italia's veiled poison pill defense by upping its $58 billion hostile takeover offer to $64.7 billion.
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Michigan State University
students can do more than overturn a police car in a pinch after watching their basketball team get pummeled by
. MSU junior Aric Foster, for one, demonstrated a keen feel for language by delineating the nuances of the noun "blast" for a reporter from
The Detroit News
the riot was a blast in all senses of the word," the paper today quoted Foster as saying. "We came together as a school, burned some things, showed some skin and that's fine. It was Spartan pride." (Disclosure note: This reporter attended the
University of Michigan
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