U.S. stocks were mixed at midday, off their early session highs. Tech and Internet stocks remained strong, while blue-chips were trading deep under water after a sharp midmorning downturn.
European bourses were mixed at midafternoon.
Asian markets closed lower, as Hong Kong's
dropped 112.43 to 10,290.11, while Japan's
dumped 34.62 to 13,770.44.
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reported fourth-quarter profits of $1.6 billion, down 4.8 % from the previous year and lower than analysts' expectations. Meanwhile,
reported fourth-quarter profits up 31% from 1997.
said its earnings for the fourth quarter of 1998 fell 23%, beating expectations.
founder Thom Weisel said his
Thomas Weisel Partners
should be up and running by Feb. 1. Yesterday
interviewed Weisel about the launch.
United Parcel Service of America
agreed to settle a racial discrimination lawsuit for $12.1 million.
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High-speed Internet service provider
announced that it will buy the search engine
for $6.7 billion in stock.
covered the deal this morning.
soon will begin selling personal computers at wholesale, relying on advertising and fees to make money, according to
The Wall Street Journal
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has agreed to buy
General Electric PLC's
Marconi Electronics for about $12.7 billion in a deal that will create a U.K. defense group on the scale of U.S. juggernauts such as
Mitsui Trust & Banking
Chuo Trust & Banking
today said they are in preliminary merger talks.
confirmed yesterday that it is considering an alliance with
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is scheduled to speak before a
committee tomorrow on the state of the economy.
James J. Cramer
worries about the chance of a rate hike.
Serb forces continued to ignore the three-month-old cease-fire in Kosovo by shelling the area surrounding the town where 45 ethnic Albanians were massacred.
The hearing to determine whether Chilean Gen.
can be charged in Britain with human rights violations resumes today in London.
Say it ain't so, Sammy. The
Congress of Racial Equality
could not award
an International Brotherhood Award for achievement when the Dominican slugger failed to show up for a Martin Luther King Jr. Day dinner. Sosa reportedly had said that his attendance was contingent upon a private jet to and from the
fight in Las Vegas Saturday and a $50,000 donation to a fund for Dominican hurricane victims.