Stocks were trading sharply higher at midday. The
Nasdaq Composite Index
was posting strong gains on a broad technology surge, while the
Dow Jones Industrial Average
was soaring on the coattails of
, lately up 7 to 173 3/4 on news of a new deal with
(see below). The Internet sector was flat.
Major European bourses closed mixed, while Asian markets were flat. Japan's
gained 13.09 to 14,183.45, and Hong Kong's
lost 9.64 to 9912.76.
yesterday approved the nomination of
as head of that country's central bank.
weighed in yesterday on the new chief's prospects.
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is shaking up its management team. The company announced the resignations of President and COO Bruce Stein and Gary Baughman, president of the company's
have told Iran they are interested in developing its oil and gas reserves. The move comes just days after France's
risked penalties under the U.S. government's Iran-Libya Sanctions Act by inking a $540 million oil development deal with Iran.
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today is announcing its acquisition of Austin, Texas-based
, whose instant-messaging technology will compete with
the story early this morning.
IBM and Dell announced a broad, $16 billion technology
pact over seven years.
German software firm
said that Jeremy Coote, president of its U.S. operations, has left for rival
broke the story on
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Harry A. Blackmun
, author of the 1973
Roe vs. Wade
decision, died today from complications following hip-replacement surgery. He was 90 years old.
has named his prime minister:
, a longstanding supporter of the late
and Jordan's 1994 peace accord with Israel.
U.S. expansion continues. The French telecom equipment firm is acquiring remote-access Internet technology company
Assured Access Technology
in a $350 million deal.
is merging its Canadian operations into, and eventually will buy, local Canadian phone provider
in a $2.3 billion deal. The resulting entity will be called
British Sky Broadcasting's
merger talks with French television company
have been suspended over the fundamental issue of which company will control the resulting entity.
Fifteen Japanese banks today applied to that country's
Financial Reconstruction Commission
for $62 billion in aid.
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Clearing the way for the expected release of
have signed quarterback
a month after he was cut by the
. Frerotte follows in the hallowed footsteps of such past Lions QBs as
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