The major indexes opened today mixed, with the
Dow Jones Industrial Average
headed downward and the
Nasdaq Composite Index
closed lower Wednesday, and Japan's
was relatively flat in a half day of thin trading. European bourses in general were lackluster.
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SLT:NYSE) filed for Chapter 11 bankruptcy and named
chairman and CEO.
CBS:NYSE) is selling its 50% stake in the
CBS Eye on People
cable network to partner
Pinched by sinking oil prices,
COC:NYSE) announced that it will cut 975 jobs to reduce expenses by $500 million.
F:NYSE) Lincoln Blackwood luxury SUV and
HMC:NYSE) S2000 roadster led unveilings at the
Greater Los Angeles Auto Show
Air cargo plane operator
KTTY:Nasdaq) plans to eliminate 1,500 jobs at its
American International Airways
division amid shrinking profit margins.
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State spending on public works helped China's economy grow by 7.8% in 1998, down by 1% from 1997's pace.
said it will pare back its loss-taking overseas operations in 1999 by cutting about 20% of its workforce in Europe and the Americas.
Russian police are investigating the possibility that insiders at that country's
misappropriated as much as $1 billion in public funds.
After six years and five drafts, China yesterday finally approved legislation regulating its securities markets.
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Telecommunications Industry Association
Federal Communications Commission
Tuesday that consumer access to the Internet through telephone wires, cable, and wireless technology is being hampered by excessive regulatory barriers.
Telecom service provider
RCNC:Nasdaq) will combine its four Internet service provider businesses into a single entity branded RCN.COM.
Quickturn Design Systems
QKTN:Nasdaq), which has already agreed to be acquired by
Cadence Design Systems
CDN:NYSE), says its board is mulling over software maker
MENT:Nasdaq) new takeover offer.
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King Norodom Sihanouk
refused amnesty for two Khmer Rouge leaders after Prime Minister
said he would not try them for crimes against humanity.
A group of 200 villagers tortured and killed 8 Indonesian soldiers after forcing them off a public bus.
Four hostages died as Yemeni troops stormed the hideout of Islamic extremists who had kidnapped 16 Western tourists.
Iraq said yesterday that its aircraft will not avoid the "no-fly" zone and are prepared to fire upon allied planes in Iraqi airspace.
Surprising no one, the
Se Ri Pak
its 1998 Male and Female Athletes of the Year.
Here we go again: Australian balloonist
, real estate tycoon
are readying themselves for the next bid to circumnavigate the globe nonstop in a balloon.