U.S. stocks were trading higher at midmorning, with tech and Internet stocks leading the positive charge and blue-chips lagging.
European bourses were mixed at midafternoon.
Asian markets closed higher, as Japan's
picked up 173.20 to close at 14,382.01, while Hong Kong's
gained 10.33 to 9,509.83.
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said it plans to offer low-sulfur gasoline in 39 U.S. cities within two years.
said it will cut 2,900 jobs and close seven plants to reduce capacity in the face of a flood of low-priced garments from Asia.
has filed suit against
Ernst & Young
, charging it with negligence in its failure to detect the highly publicized book-cooking that scandalized Cendant last year.
Automotive component manufacturer
in the bidding war for the U.K.'s
. LucasVarity said it favors TRW's offer, the more generous of the two.
Packaging and auto parts manufacturer
announced that it is selling its containerboard business to private equity company
Madison Dearborn Partners
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is expected to announce plans to spin off its
AltaVista Search Services
, according to
The Wall Street Journal
said it has hired
to help it sell
GTE Government Systems
, its telecom and defense systems subsidiary.
said it will license its
online communications technology to
in exchange for making Compaq's
the main search engine on Microsoft Network. Shares of
, whose search engine will be displaced by AltaVista, was lately down 25 1/4 to 123 on the news.
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Turkish holding company
Akmaya Sanayi Ve Ticaret
has acquired 65% of the Romania's
oil refinery for $725 million.
For the first time in 30 years, the best-selling car in Japan is not the
Suzuki Wagon R
minicar now holds that honor, with sales of 206,548 last year in Japan.
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said its consumer confidence index rose 0.9% in January, reaching its highest level since August.
U.S. military officials have confirmed
Iraqi News Agency
reports of civilian casualties from an American missile attack in southern Iraq.
figures show that U.S. union membership grew by more than 100,000 in 1998, although the overall percentage of workers who belong to a union dropped amid strong job growth.
The U.S. government ran a $5.4 billion deficit for the month of December, compared with a $13.6 billion surplus the previous year. The
said that an irregular Social Security payment schedule accounted for the deficit.
has filed for Chapter 11 bankruptcy.
has signed a two-year contract extension with the