Stocks opened modestly to the upside as the
Dow Jones Industrial Average
briefly poked through the 10K mark before falling back sharply.
European bourses generally were higher at midday, while the euro dropped sharply against the dollar after the
20-member executive body resigned over a report accusing it of corruption and financial ineptitude. Asian markets continued to surge, with Hong Kong's
gaining 74.39 to 10,911.25 and Japan's
soaring 293.22 to 16,072.82.
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Global natural gas and electricity firm
is taking its Houston-based water unit,
, public. Azurix filed Monday with the
Securities and Exchange Commission
for an IPO of $863 million in common stock.
Charles P. "Buzz" McCormick, the 70-year old chairman of spice company
McCormick & Co.
, is stepping down from his post. This is his second such retirement.
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The $300 barrier has been broken.
yesterday unveiled the
, a desktop computer priced at $299. The
has a Cyrix 300 MII processor and comes with a year's free Internet access from
Online computer retailer
is entering the Web auction fray. The company today launches its auction site,
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City of New Orleans passenger train derailed about 50 miles south of Chicago while en route to the Crescent City, killing at least 12 people and injuring more than 100 others.
today released figures showing single-family home construction rising 1.1% for February, the highest clip since December of 1978. A sharp decline in apartment construction knocked overall housing starts down 0.6% for the month.
The latest bidding war: U.K. specialty phosphate maker
offered $737 million for rival
Albright & Wilson
, besting the bid made by U.S. chemical firm
on March 8.
French auto maker
is buying a controlling interest in
in a deal that should be announced today, according to
The Associated Press
, which cited an anonymous Nissan executive. Renault's board of directors is meeting today.
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Oops. Boxing judge Larry O'Connell said he mistakenly scored the
fight a draw, and that he actually believed Lewis had won the fight. He told the tabloid
: "When someone said my scorecard added up to a draw my heart sank. I was as surprised as anyone.''
have signed quarterback
to a four-year extension worth $22 million, locking up the popular and dimunitive star through the age of 74.
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