Stocks were mixed in early action, with the
Nasdaq Composite Index
rallying strongly out of the gate while blue-chips traded modestly lower.
Major European bourses were lower at midday, and Asian markets came back to earth after following Friday's rallies with red-hot morning sessions. After breaking the 15,000 point barrier early, Japan's
exhaled to close down 114.95 to 14,779.05. Hong Kong's
finished up a sober 22.87 to 10,263.99, having peaked at 10,500.86 in the a.m. hours.
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Specialty chemical maker
agreed to buy U.K. phosphate king
Albright & Wilson
for about $655 million in cash.
Allied Waste Industries
announced that it will buy fellow waste management firm
for about $9.1 billion in cash and debt assumption.
reported last week on the
strange call buying in Browning-Ferris.
Consumer and business finance firm
agreed to buy Canadian lender
for about $4.2 billion in stock.
221 partners today are expected to approve plans to sell about 10% of the company in an early summer IPO.
has been bounced by last-minute buyer
Paul Harris Stores
from his position as chairman of the eponymous catalog retailer he founded more than 10 years ago. Peterman expressed shock, saying Paul Harris CFO Thomas McCain told him Saturday that it would take two to three months before the company decided on his fate.
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is ready to offer friendly Persian Gulf states real-time intelligence on Iraqi and Iranian missile launches.
The Northern Ireland peace accord moved forward today with the signing of four key treaties by the British and Irish governments. The treaties formalize institutions binding lawmakers of Northern Ireland, the Republic of Ireland, Scotland, Wales and England.
The Benelux banks keep spreading out. U.S. credit insurance firm
American Bankers Insurance Group
is being acquired by Belgian-Dutch financial services company
for about $2.6 billion.
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can breathe easy: The
Federal Trade Commission
reached a settlement with the chip behemoth, just a day before it was set to launch an antitrust suit against the company.
is expected to announce a $15 million investment, or a 15% stake, in
, a developer of technology for delivering music and other media over the Internet, according to
The Wall Street Journal
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Two giants gone: One day after the passing of director
, the Yankee Clipper,
, died today at the age of 84 after a long struggle with lung cancer.
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