Stocks were higher across the board at midmorning, as blue-chips gathered strength to join surging technology issues in the market's vanguard.
Major European bourses closed higher, while Asian markets were mixed. Japan's
rose a modest 22.14 to 15,502.14, and Hong Kong's
dumped 86.20 to 10,662.81.
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will soon be beefing up its drug business. The company's CEO, Charles Holliday, said the company wants to bring its pharmaceutical segment to "critical mass through strategic alliances," and will create a tracking stock following that segment.
Federal Trade Commission
official yesterday told the
House Commerce Energy and Power Subcommittee
will face close scrutiny from the commission regarding the possibility that their merger will adversely affect competition in California, the Gulf Coast region and the Northeast.
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is settling with about 300 investors who say they suffered significant losses when they were unable to cancel online market orders for
said his company may present an alternative partner for
"within several days." CMGI hired
Morgan Stanley Dean Witter
to look for companies interested in merging with Lycos to thwart the Web portal's acquisition by
. Wetherell has said that a CMGI bid for Lycos is a distinct possibility.
looked at support for Wetherell among other Lycos shareholders in a
story last night.
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announced that the U.S. will offer $3.2 billion worth of high-tech weaponry for sale to Egypt, including 24 F-16 fighter jets, 200 M1-A1 tanks and one Patriot missile battery.
released figures showing that retail sales increased 0.9% for the month of February, down one-tenth of a percentage point from the revised January pace.
Fighting between ethnic Albanian rebels and Serbian forces broke out again near the Macedonian border after a U.S. envoy held an unproductive meeting with Yugoslav President
French telecom group
said it plans to cut 12,000 jobs in the next two years. Most of those cuts will come from the company's U.S. operations.
Prudential Corp. PLC
is buying mutual fund firm
for about $3.1 billion in cash.
made a $30 billion offer to buy its cellular unit,
Telecom Italia Mobile
, in an effort to ward off or sweeten
$58 billion hostile takeover offer by dramatically increasing its value. Olivetti had asked
, Italy's stock market regulator, to intervene in the plan, which Olivetti claims would be illegal as long as its tender offer for Telecom Italia is on the table.
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-- a.k.a. ODB, for "Ol' Dirty Bastard" -- has been jailed on charges of wearing body armor, which is illegal for violent felons in the California. During the bail hearing, Deputy District Attorney Mary Ganahl requested that Judge Kevin Brown take into consideration Jones' status as head of a "street gang" named
A group protesting
business activities in Nigeria rained pies upon CEO
as he arrived for a speech at a Bay-area high school. Derr wiped the pie off his face and gave his speech.
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