At 9 a.m. EST the
futures were up 12, more than 8 points over fair value, indicating a strong open.
European bourses generally were higher at midday.
Asian markets closed higher, as Hong Kong's
gained 24.80 to 10,314.91, and Japan's
picked up 257.61 to close at 14,028.05.
Brazil sold about 1 billion reals of one-year debt last week at 39.7% interest, as investors demanded higher yields from bonds denominated in the shaky real.
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Newport News Shipbuilding
announced that it will buy fellow shipbuilder
in a stock deal worth about $470 million.
New York Life Insurance's
board of directors voted to keep the company a mutual insurer.
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High-speed Internet service provider
yesterday agreed to buy the search engine
for $6.7 billion in stock.
weighed in yesterday on the deal's impact on the bandwidth industry.
late yesterday reported second-quarter earnings of 73 cents a share, easily beating analysts' estimates of 59 cents a share.
yesterday refused to hear a case in which
U S West
attacked the 1996 telecommunications law that kept them from selling long distance service in America. San Antonio-based Baby Bell company
cellular business for about $1.7 billion in cash and debt.
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yesterday 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
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committee today on the state of the economy.
figures show housing starts are now at an 11-year high.
proposed investing a portion of
funds in the stock market in his State of the Union address last night.
In a meeting with two top
generals, Serbian President
maintained his opposition to a U.N. investigation of the Serbian massacre of 45 ethnic Albanians in Kosovo.
University of Texas
last night accepted his second consecutive