After charging out of the gate, U.S. stocks pared their gains at midday, although the Internet sector remained strong.
European bourses generally were trading higher at midafternoon.
Asian markets closed up, as Japan's
picked up 68.05 to close at 14,450.06, while Hong Kong's
gained 209.83 to 9,719.66.
, governor of China's central bank, pledged not to devalue the yuan, saying that a devaluation would harm foreign investors, China and Asian financial markets in general.
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earnings dropped 27% for the fourth quarter of 1998, but matched analysts' estimates of 24 cents a share.
posted fourth-quarter earnings of 59 cents a share, a penny above Wall Street estimates. Including one-time charges, the company lost 1 cent a share.
is sending its unprofitable
out to pasture after 50 years of production.
posted first-quarter earnings of 30 cents a share, 18% lower than last year and missing estimates by a penny.
will acquire biotech company
, maker of $300 million protease inhibitor
sees a possible trend in the deal.
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posted fourth-quarter earnings of 43 cents a share, easily surpassing estimates of analysts surveyed by
beat estimates for fourth-quarter earnings and announced a 3-for-1 stock split, while
posted a loss of 14 cents a share for the quarter, 4 cents under analyst's estimates.
reported on the news from
Days after it announced plans to invest $500 million in U.K. cable company
said it will drop $300 million in the initial public offering of the Netherlands'
United Pan-Europe Communications
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said its third-quarter profit dropped 26%, partially blaming the strong yen for weak international sales.
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The death toll from Monday's earthquake in western Colombia has reached 700.
After being welcomed to America by
yesterday in St. Louis,
Pope John Paul II
delivered a speech comparing abortion and euthanasia to the horrors of slavery.
have waived point guard
Number of times the term "megafailure" or "mega-failure" appears in a
news search for 1998: 5.
Number of those relating to finance: 5.