Stocks were mixed at midmorning, as technology and Internet issues held onto early big gains. Blue-chips, meanwhile, were hanging around break-even.
European bourses were trading up at midday, while Asian markets ended higher, as Hong Kong's
gained 70.47 to 9146.80. Markets in Tokyo, Taiwan and China were closed for holidays.
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A federal judge issued a temporary restraining order that will force
pilots back to work.
confirmed its plans to move its credit-card business from
Federated Department Stores
is acquiring direct marketer
in a $1.7 billion.
Real estate investment trust
Patriot American Hospitality
plans to give up its REIT status in connection with restructuring the company is negotiating with two rival bidders, according to
The Wall Street Journal.
That's a lot a
miles -- a California jury ordered
to pay a total of $51.5 million in punitive and compensatory damages to a smoker with inoperable cancer.
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posted third-quarter earnings of 18 cents a share, blowing away Street estimates of 10 cents a share, and announced a 2-for-1 stock split.
Electronic Data Systems
will exchange 13,000 employees and $17 billion worth of assets. EDS is buying MCI WorldCom's information technology services unit, and will receive a 10-year outsourcing contract for MCI WorldCom's software development and maintenance services business. In turn, MCI WorldCom will get a 10-year contract for EDS' voice and data communications services business.
is selling its 2,000 communications towers to
for $560 million.
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is testifying before the
House Banking Committee
on the issue of how to revamp the 1933 Glass-Steagall Act, which put sharp barriers between the banking, brokerage and insurance industries.
of Vermont and
of Pennsylvania in the ranks of Republican senators who said they will not vote to convict
on charges of obstruction of justice and perjury.
U.S. warplanes once again fired on several air defense installations in Northern Iraq.
Bank of England
said that the U.K.'s 1999 growth rate may be as low as 0.5%.
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New Zealand's parliament votes today on an Animal Welfare Bill that would give chimpanzees, orangutans and gorillas such fundamental rights as the right to life and freedom from cruel and unusual treatment.
Chimps are currently slaughtered for food in parts of Africa and kept for experiments in parts of the U.S.
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