The technology sector paced a broad advance among U.S. stocks at midday.
European bourses generally were higher at midafternoon.
Asian markets took a drubbing, as Japan's
dropped 107.74 to close at 14,342.32, while Hong Kong's
shed 358.70 to 9,360.96.
As sure as John Henry was a steel-drivin' man, the
Chicago Board of Trade
is sticking with the open-outcry trading system for now. Members voted Wednesday to nix the board's alliance with
, the fast-growing European electronic exchange system
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Ending weeks of speculation,
said it has agreed to buy the car operations of Swedish auto maker
for $6.45 billion. Volvo will retain its truck business under the deal.
U.S. auto and aerospace components manufacturer
in the bidding war for
, having agreed to acquire the U.K.-based auto-parts maker for about $6.6 billion in cash.
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last night reported fourth-quarter earnings of 17 cents a share -- 3 cents over Wall Street estimates -- and announced a 2-for-1 stock split.
The king of chips will double-dip.
today announced a 2-for-1 stock split and raised its quarterly dividend by a penny per share. Columnist
spat up his coffee at the news.
posted fourth-quarter earnings of 88 cents a share, matching Street expectations.
said it has agreed to acquire electronic communities site GeoCities
broke news of the talks last night.
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Swedish cell-phone maker
said its fourth-quarter net income dropped 3% from last year, citing weak demand for fixed-line switches and falling prices for mobile phones. The company's lower profits still beat expectations, though. Last night
previewed the earnings report.
The government of Venezuela last night filed a lawsuit seeking billions of dollars in damages from
Brown & Williamson
British American Tobacco
R.J. Reynolds Tobacco
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Steel imports from Japan were 47% lower than the previous month, according to U.S.
played the heavy today before the
Senate Budget Committee
, saying that, in the long term, Social Security could only be saved by raising taxes or cutting benefits.
Employment Cost Index
figures showing wages and benefits rising 3.4% in 1998, the fastest clip in five years.
, chairman of the
Securities and Exchange Commission
, yesterday issued a statement warning investors of the "highly risky" nature of day trading, and electronic trading in particular. Last night
contextualized Levitt's comments.
Censure, anyone? Former
pleaded guilty to lying to a federal grand jury investigating illegal sports betting and could face up to a year in prison on the charge. However, prosecutors said they would consider seeking a lighter sentence if Gamble is helpful in their investigation.