Most active? Uh ... well, that's a tough one tonight. Sure, some stocks were technically "most active," but nothing really moved much.
was topped by
on a measly 25,736 shares.
was topped by
on a paltry 1,500 shares.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 8 a.m. to 8 p.m. EDT. Prior to Sept. 15 Island offered trading from 8 a.m. to 5:15 p.m. EDT
MarketXT, formerly Eclipse Trading, offers after-hours trading to retail clients of Morgan Stanley Dean Witter's (MWD) Discover Brokerage and Mellon Bank's (MEL) Dreyfus Brokerage Services. Clients can trade 200 of the most actively traded New York Stock Exchange and Nasdaq Stock Market issues, 6 p.m. to 8 p.m. EDT Monday through Thursday.
updates the most active issues on both MarketXT and Island ECN in Got a Minute? and in the Evening Update.
The major stock indices ended the day on a positive note, despite tomorrow's
Dow Jones Industrial Average
gained 128.23 to 10,401.23, while the
Nasdaq Composite Index
leaped 59.1 to 2795.9.
The big European indices finished off the trading session higher, with France's
gaining 52.67 to 4603.24, Germany's
jumping 94.31 to 5218.86 and London's
climbing 82.20 to 6052.90.
In Asia, Japan's
finished the trading session up 51.45 to 17,763.71, while Hong Kong's
closed up 142.62 to 12,875.86.
inked a $9.2 billion merger agreement in an effort to boost their electronic advertising and e-commerce businesses. According to the deal's terms, TV Guide will hold a 45% interest in the new venture known as
TV Guide International
, while Gemstar CEO Henry Yuen will serve as its chairman and CEO.
has upped its unsolicited offer for
, according to
, after earlier reports indicated that Sprint favored a bid from
. The report did not specify the amount of the new offer.
The Wall Street Journal
The New York Times
reported today that Sprint's board convened Sunday night to discuss the rival takeover bids.
said that although BellSouth's initial offer of $72 billion outbid MCI WorldCom, a special committee voted unanimously to accept MCI WorldCom's $65 billion bid.
Mergers, Acquisitions and Joint Ventures
said they expect their third-quarter earnings to be in line with eight-analyst estimate of $1.28 per share and the 14-analyst estimate of 67 cents a share, respectively.
Clear Channel Communications
. The transaction calls for AMFM shareholders to receive 0.94 of a Clear Channel share for each AMFM share.
set a multiyear content and commerce pact valued at up to $200 million. Under the deal, Travelocity.com will handle all travel reservations made through AOL's sites. Separately,
announced they're merging. Sabre also announced it agreed on terms with
for an extension of their existing contract.
unveiled plans to start a consumer health Web site called
. After buying a 35% interest in Medscape in July, CBS licensed its trademark and logo to the health site. CBS also forged a deal to give the company $150 million worth of promotions and branding through its media outlets over the next seven years.
said it has halted talks with
regarding the sale of Eskimo Pie's Flavors and Ingredients division after deciding to sell the company as a whole or in strategic assets. On Sept. 8, Eskimo Pie unveiled its plans to sell all of its assets, which marked the end of a takeover battle with Canada-based
said that it has forged a deal with
to launch a prepaid "virtual calling card" that will direct calls through Net2Phone's Internet protocol network. The companies said the card, which can be found at ICQ's Web site,
, may be used to make worldwide calls from the U.S. at up to a 70% discount to other cards.
said it has brought
on board to evaluate the sale of its
PCS Health Systems
. According to a statement, the company said it will consider either the complete sale or a strategic investment of PCS.
plans to take a $1.65 billion stake in
, a telecommunications company. Allen is a co-founder of
for $69.4 million.
said it plans to sell its bleached paperboard unit to
for roughly $625 million in an attempt to concentrate on its core corrugated packaging business. The deal is expected to be completed by the end of the year.
Earnings/Revenue Reports and Previews
posted fourth-quarter earnings of 75 cents a share, beating both the 11-analyst estimate of 57 cents and the year-ago 64 cents.
reported fourth-quarter earnings of 27 cents a share, beating both the single-analyst estimate of 24 cents and the year-ago 15 cents a share.
said it expects to post third-quarter earnings between 1 cent to 3 cents a share, greatly missing the five-analyst estimate of 11 cents a share. The company blamed the weak results on operation problems caused by Hurricane Floyd.
warned its second-half results will fall well below analysts' estimates due, in part, to higher catastrophe losses resulting from Hurricane Floyd.
said that it is facing a class-action lawsuit claiming that the HMO did not release details associated with its coverage for subscribers, the plaintiff's lawyers reported.
Information Resource Engineering
warned investors that it would post a third-quarter loss of 27 cents a share, worse than the two-analyst estimate of a 1-cent loss and the year-ago 1-cent profit.
warned investors that it expects third-quarter earnings to be between 30 cents to 40 cents a share, greatly missing the nine-analyst estimate of 67 cents a share and the year-ago 66 cents a share. The toy company said that its Learning Company division has a sharp decline in revenue for the quarter.
Mobius Management Systems
warned investors that it expects to report a third-quarter loss between 12 cents to 13 cents a share, missing the four-analyst estimate of a 1-cent profit and the year-ago 5 cent-profit.
Policy Management Systems
cautioned investors that its third-quarter results would be between 31 cents to 36 cents a share, missing the nine-analyst estimate of 50 cents and the year-ago 41 cents.
warned investors that it would report a second-quarter loss between 16 cents to 18 cents a share, missing the four-analyst estimate of a two-cent profit and worse than the year-ago 3-cent loss.
cautioned that it expects third-quarter earnings to be between 30 to 33 cents a share, missing the seven-analyst estimate of 37 cents and possibly below the year-ago 31 cents a share.
President and CEO Michael Kowalski told investors at a
BancBoston Robertson Stevens
conference that he is comfortable with the 19-analyst earnings estimate of 22 cents a share for Tiffany's third quarter, which would beat the year-ago 17 cents a share the company recorded.
reported fourth-quarter earnings of 16 cents a share,in line with the 16-anlyst estimate of 16 and up from the year-ago 15 cents. In addition, a spokesman said the company pushed back its online pharmacy's debut until late October in order to ensure that it is capable of handing heavy traffic.
Offerings and Stock Action
In an effort to increase shareholders' return,
is pondering issuing several tracking stocks, the
reported, citing people familiar with the matter. Under one proposal, Ma Bell would issue three stocks that would track AT&T's wireless division, its cable and Net undertakings and its outsourcing unit for businesses.
announced its plans to spin off its Princeton Softech and Network Services divisions. The company said the offerings, which will be about 20% in both divisions, would take place next year.
said it added another 2 million shares to its current 2 million-share repurchasing program set in August.
said it filed with the
Securities and Exchange Commission
to offer 3 million shares of common stock.
Credit Suisse First Boston
Hambrecht & Quist
are serving as the deal's lead underwriters.
said it had suspended trading of
Lone Star Industries'
shares and warrants after Germany-based
took a 96.6% stake in the company. The exchange deliberates suspending and delisting a stock when fewer than 600,000 shares remain outstanding.
set a 3-for-2 stock split, which will be paid on Nov. 11 to shareholders of record Oct. 28.
said it has cut the anticipated price range for the 10 million-share initial public offering of
XM Satellite Radio Holdings
to $12 to $13 from $14 to $16. The deal, which was expected to price last week, is set for its trading debut later this week.
upped its third-quarter estimate for
American Home Products
to 47 cents a share from 46 cents a share.
reinstated coverage of
with an intermediate-term accumulate rating and long-term buy rating.
raised its rating on
to a buy from market performer.
J.P. Morgan raised its rating on
to a buy from a long-term buy.
upped its rating on
to outperform from neutral.
Credit Suisse First Boston
lowered its third-quarter earnings estimate on
to 5 cents a share from 9 cents and its fourth-quarter estimate to 22 cents from 34 cents. CSFB also cut its estimate for fiscal 2000 to $1 from $1.25.
Credit Suisse First Boston
sliced its rating on
to buy from strong buy.
lowered his rating on
to a neutral from buy.
upped its rating on
to a trading buy from market outperformer.
Merrill Lynch sliced its rating on
Hospitality Properties Trust
to accumulate from buy.
Morgan Stanley upped its rating on
to strong buy from outperform.
Warburg Dillon Read
rolled out coverage of
with a buy rating.
J.P. Morgan upped its rating on
to buy from long-term buy.
Deutsche Banc Alex. Brown
raised its rating on
to buy from market performer.
Merrill Lynch upgraded
to a long-term buy from accumulate.
Deutsche Banc Alex. Brown upped its rating on
to strong buy from buy.
Warburg Dillon Read cut its rating on
to hold from buy.
Donaldson Lufkin & Jenrette
raised it rating on
to a buy from market performance
announced its plans to start a service that would allow customers to shop through Amazon using wireless access products. Amazon said
Palm VII handheld computer can be used to access order information. Separately, Amazon said it has bought Internet access software maker
for roughly $20 million.
Bausch & Lomb
said it got the
stamp of approval to market its
ophthalmic surgical laser system. In an effort to concentrate on its advanced
laser, the company has decided not to sell the laser in the U.S.
announced its plans to restructure its customer-finance division in order to enhance its jet-leasing service and increase its profits, the
reported. The reorganization effort helps put Boeing in closer competition with leasing firms that purchase its planes, the newspaper reported.
unveiled plans to combine its U.S. grocery and food service divisions into a $5 billion Pittsburgh-based "megacompany." The company said that the consolidation involves moving its
Heinz Pet Products
units to Newport, Ken., while merging its salesforce into a single
Heinz Sales Company
said it was awarded
marketing approval for its generic version of
Parkinson's disease remedy