Tomorrow morning, the bulls start running in Pamplona, Spain. It seemed fitting, then, that for most of today's session, those betting against the major proxies were getting seriously gored.
But the final hour undid all that. After soaring for most of the day in record territory, the big benchmarks sold off hard to finish right around break-even. The
Dow Jones Industrial Average
lost 4.12 to 11,135.12; the
Nasdaq Composite Index
fell 4.56 to 2736.46; the
dumped 3.09 to 1388.13; the wee-cap
eked out a miniscule 0.04 to 456.55; and
TheStreet.com Internet Sector
index inched forward 0.98 to 665.30.
set "an aggresive long-term target" range for the
Dow Jones Industrial Average
to 12,500 to 13,000, from an earlier target of 11,500.
The big European indices finished mixed, with France's
ending modestly lower but London's
closing solidly higher, and just 43 points below its record high set on May 4.
Asian markets were lower overnight, as Hong Kong's
dropped 134.13 to 14,372.61, while Tokyo's
gave back 84.33 to 18,050.73 after surging yesterday along with an in-line
report (see below).
More markets news and commentary is available in
said its board has rejected
unsolicited $68-a-share cash tender offer.
U.S. vitamin seller
board recommended that its shareholders accept Dutch nutrition firm
$25-a-share tender offer, worth about $1.8 billion. Numico said it will launch the tender offer no later than July 12.
won three contracts to provide information management services for
. The deal's financial terms weren't disclosed.
hired a five-member team from
Deutsche Banc Alex. Brown
to provide quantitative investment products.
the story early this morning.
wireless unit said it will hire 1,400 people to quicken the development of its wireless Internet devices.
Connecticut Light & Power
today said it is selling plants in Connecticut and Massachusetts to Germany's
for $865.5 million. The company also confirmed that it is selling its Connecticut fossil-fueled generation plant for $460 million to
Northern States Power
More news on companies and stocks is available in
Stock News section.
Health-care Web site
signed a four-year, $89 million pact with
, which will provide the Koopster's health-care resources to AOL and
said it completed its $780 million tender offer for 94% of computer telephony firm
. Intel said it will buy the remaining 6% of Dialogic by July 8, by merging its
Intel LMH Acquisition
subsidiary into the company.
More tech news and commentary is available in
Tech Stocks section.
was sworn in today as Israel's prime minister after parliament approved his cabinet appointments and policy guidelines.
The first wave of Russian reinforcements arrived in Kosovo today, one day after Moscow cut a deal with
to have Russian troops patrol small portions of sectors controlled by American, German and French forces.
$4.5 billion stock and cash bid for its pub business to its shareholders. But the company also said it will let shareholders vote on
sweetened $4.67 billion cash bid.
Bank of Japan
yesterday released its quarterly tankan survey of business sentiment, which largely was in line with expectations. The index for large manufacturers improved marginally to minus 37 from minus 47, the biggest jump since August 1994.
took a close look at the tankan in a
Bank of England
said it sold 25 metric tons of gold today in the first of a series of sales designed to cut its reserves from 715 tons to 300 tons over the next few years.
U.K. industrial gas supplier
said it's mulling a new takeover offer from France's
Air Products & Chemicals
of the U.S., whose $11 billion joint bid BOC rejected two weeks ago.
French oil giant
made an unsolicited $43 billion bid for rival
More international news and commentary is available in
is dumping its line of "trash talk"-themed T-shirts after the
Center for Advancement of Public Policy
complained that some of the shirts were offensive to women. Disappearing from the shirts are such trenchant claims as "Your game is as ugly as your girl" and "You like that move? So does your girl."
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