The mission of the
Nasdaq Composite Index
: to boldly go where no tech-heavy index has gone before.
You could question its resolve today. But in the end, after spending the day all over the map, the Comp managed to eke out another record, gaining 3.09 to 2563.15. The
Dow Jones Industrial Average
, meanwhile, finished the day on familiar four-digit turf, dropping to 43.84 to 9963.49.
dropped 3.23 to 1317.89; the small-cap
slipped 1.21 to 401.08; and
TheStreet.com Internet Sector
index smoked up 37.54 to close at 720.66.
Major European exchanges came back from the long weekend with a bang, closing sharply higher. In Asia, Japan's
rose 144.93 to 16,479.71. Hong Kong's
remained closed for the Easter holidays.
For more markets action and news, click
The loneliness of the long-distance phone company: Thus far left out of the cellular segment populated by rivals
is in talks to acquire wireless firm
, according to
The Wall Street Journal
, which cited people familiar with the negotiations.
said its U.S. car and truck sales rose by 14% for the month of March, beating analysts' expectations by 4 percentage points.
Rupert Murdoch's News Corp.
is buying AT&T unit
Liberty Media Group's
50% stake in sports network
in a stock transaction worth $1.43 billion. Separately, Liberty will buy half of MCI WorldCom's 5% stake in News Corp. for about $700 million in cash, making it the company's second biggest shareholder, after the Murdoch family, with 8%.
Privately held cable and wire manufacturer
said today that it will seek to sell its aluminum smelting and copper refining businesses. The company said that "there is no longer a strategic advantage for a wire and cable company to be a metals producer."
For more news on companies and stocks, click
Following recent inroads by
into the e-commerce business,
today launched the
Compaq Software Store
to sell third-party software titles in a pact with e-tailer
today announced the launch of the world's fastest 64-bit, four-way Web server. Designed for the e-commerce industry, the server set a record of 11,774 hits per second in benchmark tests.
For more tech news and commentary, click
Yugoslavia today declared a unilateral cease-fire in its campaign against ethnic Albanians in Kosovo to mark Orthodox Easter. But the U.S. rejected the truce, reitering the original terms of the peace agreement ealier signed by Kosovars. Defense Secretary
called the Serb cease-fire "absurd."
Elsewhere in the conflict, Western nations have begun flying ethnic Albanian refugees out of Macedonia. Albania, which has been hit with the largest wave of fleeing Kosovars, yesterday agreed to accept more refugees. The U.S. has agreed to make its naval base in Guantanamo Bay a temporary haven for up to 20,000 Kosovars.
Proceed as planned. The
said that the leading economic indicators index rose 0.2% in February, in line with economists' expectations.
At the request of Italy's stock market regulator,
, Italian telecom
clarified its takeover offer for
, saying that it will accept no less than 35% of the company, and that the offer only stands if Telecom Italia's shareholders vote not to buy out cellular unit
Telecom Italia Mobile
There's new kingpin on the block: U.K. pharma giant
today said has received approval from
shareholders for its $34.7 billion stock takeover of the Swedish company. The new company,
, will be the world's largest drug company by sales.
For more international news and commentary, click
Bernard Gilkey began his epic chase of
single-season homer record by hitting two dingers off the
Los Angeles Dodgers' Kevin Brown
in yesterday's opener. A logjam of players, including McGwire himself, trails Gilkey by one for the league lead.
Have a dumb question relating to finance? Great. Have a
dumb question? Even better. Send it to
MonEmailbag@thestreet.com, and I'll do my best to answer. Include your full name, and please, no questions seeking personal financial advice or regarding personal brokerage disputes. And this reminder: Because of the volume of mail, personal replies can't be guaranteed.
here to read the last Saturday's MonEmailbag.