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By Mitchell Martin    International Herald Tribune

Investors Pummel Technology Stocks

- Technology stocks slumped worldwide Wednesday as investors punished the sector for sluggish profit news from some of its leading names.
12/10/00  The Full Story

Tech Sell-Off Hits World Markets

- New signs of weakness in high technology pummeled world stock markets on Wednesday, as companies with marquee names offered disappointing previews of their upcoming profits.
12/10/00  The Full Story

Nasdaq Is Still a Leader, Even Heading Downhill

NEW YORK - The Nasdaq composite index, whose 86 percent rise in 1999 led most world stock markets to considerable gains, has taken on a new role in the past several weeks: It is now dragging world equity indexes lower.
10/10/00  The Full Story

Wall Street Slips After Warnings By Apple and UAL

NEW YORK - U.S. stocks wilted Friday as profit warnings from two high-profile companies overcame hopes that the American economy had achieved a soft landing after its growth spurt of the 1990s.
30/09/00  The Full Story

11 Sued for Insider Trading in Takeover of U.S. Shoe

NEW YORK - The Securities and Exchange Commission on Wednesday sued 11 people, including the former chairman of the Rooney Pace & Co. brokerage house, for insider-trading violations in the 1995 takeover of U.S. Shoe Corp. by Luxottica SpA.
28/09/00  The Full Story

Amid the Wreckage of Internet Stocks, a Pair That Merits Another Look

- IF YOU WANT to be sure that you throw the baby out with the bath water, just chuck the entire tub. This is essentially what happened to stocks that were classified as dot-coms when the market tanked in the spring.
23/09/00  The Full Story

Intel Warning Sparks World Sell-Off

- Stocks swooned around the world Friday after Intel Corp. warned of slower-than-expected European sales, focusing investor attention on fundamental problems they had been willing to overlook.
23/09/00  The Full Story

Big Spending Days for Corporate Buyers

NEW YORK - James Yost, chief information officer at Ford Motor Co., is the 21st-century equivalent of yesteryear's paper-clip buyer. But today's corporate technology chiefs wield a lot more power - nearly a trillion dollars worth worldwide this year, by one estimate.
18/09/00  The Full Story

J.P. Morgan Being Sold To Chase Manhattan

NEW YORK - Chase Manhattan Corp. said Wednesday that it would buy J.P. Morgan & Co. for about dollars 33 billion in stock, positioning two of the most venerable names in American commercial banking to compete with the world's biggest securities houses.
14/09/00  The Full Story

Demand Drives Oil Prices To Decade-High Levels

NEW YORK - Crude oil prices touched 10-year highs Tuesday thanks to a strengthening world economy that is increasing demand for energy.
16/08/00  The Full Story

U.S. Reports A Surprising 5.3% Gain in Productivity

NEW YORK - American productivity grew at a faster-than-expected rate of 5.3 percent in the second quarter, government statistics showed Tuesday, presenting a powerful argument against higher interest rates in coming weeks.
09/08/00  The Full Story

Consultants Win Battle Of Andersen

NEW YORK - The arbitrator presiding over the messy corporate divorce of the two parts of Andersen Worldwide largely ruled in favor of the Andersen Consulting arm, the companies revealed Monday.
08/08/00  The Full Story

Data Show Robust U.S. Economy

NEW YORK - The U.S. economy grew much faster than had been expected in the second quarter, preliminary data showed Friday, but the strongest areas were not those likely to arouse fears of inflation.
29/07/00  The Full Story

Tech Shares Slump Despite U.S. Boom

NEW YORK - Technology stocks ended a bad week on a gloomy note Friday despite data that showed a booming economy that was growing without much in the way of inflationary pressures.
29/07/00  The Full Story

Fed No Longer Targets Stock Prices, Greenspan Says

NEW YORK - Alan Greenspan, chairman of the Federal Reserve Board, admitted Tuesday that he once targeted stock prices as a way to manage the economy, but he said the central bank did not do so now.
26/07/00  The Full Story

Apple Moves Design From Curves to Corners

NEW YORK - Apple Computer Inc. has shown the shine is still on. At the Macworld Conference and Expo here last week, the company introduced its next big thing: a 7.7-inch cube that houses its most powerful computer.
24/07/00  The Full Story

Greenspan's Hint of Rate Restraint Cheers Wall Street

NEW YORK - An assessment of the U.S. economy by Alan Greenspan was greeted warmly on Wall Street as an indication that the Federal Reserve Board would not raise interest rates in the near term.
21/07/00  The Full Story

Greenspan's Testimony Suggests Rate Stability

NEW YORK - An assessment of the U.S. economy by Alan Greenspan was greeted warmly on Wall Street as an indication the Federal Reserve Board would not raise interest rates in the near term.
21/07/00  The Full Story

Tales of the Electronic Gavel

- IF YOU are thinking of trying to sell something in an online auction, give it a try. I just spent 10 days as an Internet auctioneer and found it easier and more enjoyable than I expected, if not particularly profitable, but I did not do too badly for a novice
15/07/00  The Full Story

Giant Swiss Bank to Buy PaineWebber

NEW YORK - UBS AG said Wednesday that it would buy PaineWebber Group Inc. for about $15 billion in cash, stock and assumed debt in what would be the largest foreign takeover of a U.S. securities firm.
13/07/00  The Full Story

Deal Cements Fiber Optics' Leading Role In Internet

NEW YORK - The No. 1 maker of fiber-optic components in the world, signaling the growing importance of optical systems to the Internet, said Monday that it would buy a supplier for about $35 billion in stock, a record takeover of a high-tech company.
11/07/00  The Full Story

U.S. Deal Shows Growth Of Fiber Optics in Internet

NEW YORK - JDS Uniphase Corp. said Monday it would buy one of its suppliers for about $36 billion in stock, a record takeover of a high-tech company and an attempt to consolidate its position as the leading supplier of fiber-optic gear for the Internet.
11/07/00  The Full Story

U.S. Busts Stock Scam With Ties to the Mob

NEW YORK - With legal filings that read like notes for a crime novel, federal officials on Wednesday announced what they described as the largest stock-fraud crackdown in U.S. history in a case that included all five of New York's alleged Cosa Nostra families as well as a member of the city's police department.
15/06/00  The Full Story

10 Bourses in Talks to Create $20 Trillion All-Day Global Exchange

NEW YORK - Globalization with a capital G hit the financial markets Wednesday as the New York Stock Exchange and nine other bourses said they were considering the creation of an international market that would let investors trade stocks around the clock.
08/06/00  The Full Story

Bestfoods Accepts Unilever's Higher Bid

NEW YORK - Unilever, British-Dutch consumer-goods company, raised its bid by 11 percent and won Bestfoods Inc. on Tuesday as the U.S. maker of branded foods succumbed to the trend of consolidation that is sweeping the global food industry.
07/06/00  The Full Story

Rise in Joblessness Delights U.S. Markets

NEW YORK - The Federal Reserve Board's yearlong campaign to rein in America's economic growth seems to be taking hold, with a weaker-than-expected employment report for May on Friday capping a week of soft data that sent stock and bond prices soaring.
03/06/00  The Full Story

A Deadly 'Love Bug' Cousin Is Infesting Computers

NEW YORK - An uglier cousin of the so-called computer ''love bug'' circulated around the world on Thursday and Friday, and though the number of computers affected by the new program seemed far less than the estimated 45 million hit by its predecessor, the results were much more dire.
20/05/00  The Full Story

Linux to Go Commercial

NEW YORK - International Business Machines Corp. plans to announce on Wednesday a commercial version of the Linux operating system designed for its mainframe computers.
17/05/00  The Full Story

U.S. Central Bank Lifts Interest Rates By Half a Point

NEW YORK - America's central bankers intensified their battle against inflation on Tuesday, raising short-term interest rates by half a percentage point and warning they remained more concerned about the possibility of rising prices than about derailing economic growth.
17/05/00  The Full Story

AT&T; Wireless: To Buy Or Not After Tepid Debut

- AT&T; WIRELESS Stock Makes Strong Debut,'' readers of the Palm Beach Post learned when they picked up their papers on April 28. Up the coast, however, the Philadelphia Inquirer told its readers, ''AT&T; Wireless Group IPO Receives Ho-Hum Investor Response.'' Further north, the New York Daily News figured, ''AT&T;'s Wireless Debut Nothing to Call Home About.''
13/05/00  The Full Story

'Love' Virus Hits E-Mail Worldwide

NEW YORK - An e-mail-based virus devastated computers around the world Thursday, stealing passwords, interrupting communications and destroying files for hundreds of thousands of users from the House of Commons in Britain to Ford Motor Co.
05/05/00  The Full Story

Soros Shuffles Management as Big Funds Struggle

NEW YORK - The era of huge hedge funds that can invest in anything anywhere effectively ended on Friday when George Soros announced plans to change the nature of his Quantum Fund and said its manager was giving up his role.
29/04/00  The Full Story

U.S. Growth Slips, but Price Fears Rise

NEW YORK - Inflationary pressures accelerated markedly in the United States in the first quarter, even as the economy slowed from its recent sizzling rate of growth, the government reported Thursday, raising fears that U.S. central bankers would step up the pace of interest-rate increases.
28/04/00  The Full Story

European Interest-Rate Rise Fails to Halt New Euro Slide

NEW YORK - Bad inflation news on Thursday translated into healthy gains for technology stocks on Wall Street as investors decided that computer and telecommunications companies were the most likely to remain profitable at a time of rising interest rates.
28/04/00  The Full Story

Wall Street Recovery Moves Into Overdrive

NEW YORK - The bears went back into hibernation Tuesday as U.S. stocks in general and technology issues in particular extended an impressive rally into a second day.
19/04/00  The Full Story

U.S. Stocks Stage a Comeback As Nasdaq and Dow Advance

NEW YORK - Blue-chip stocks from the new and the old economy rallied Monday, partially undoing the damage from last week's plunge, as investors focused on well-known companies, especially in the technology industry.
18/04/00  The Full Story

Wall Street Plummets on Inflation Fears

NEW YORK - Stock prices collapsed on Friday as a report showing growing U.S. inflation triggered a stampede out of what a month ago was the high-flying technology sector.
15/04/00  The Full Story

Microsoft Ruling Sends Stock Prices Swinging

NEW YORK - Wall Street suffered wild price swings Tuesday as major stock indexes plunged before recovering most of their losses.
05/04/00  The Full Story

Nasdaq Gives Its Microsoft Verdict

NEW YORK - The Nasdaq composite index plunged 7.6 percent Monday as the weekend collapse of Microsoft's settlement talks in its antitrust case took a heavy toll on the company's stock and on other technology shares.
04/04/00  The Full Story

A New Milestone In U.S. Expansion

NEW YORK - The U.S. economy grew at an astonishing 7.3 percent annual rate in the final quarter of last year, revised government data showed Thursday, adding to the mystery of how nine years of expansion at increasingly torrid rates could fail to generate significant inflation.
31/03/00  The Full Story

Strategist Sees Dark Days for Web Stocks

NEW YORK - Internet-related stocks slumped Wednesday as the market digested its second warning from a well-known strategist in as many days.
30/03/00  The Full Story

U.S. Central Bank Nudges Up Rates

NEW YORK - America's central bankers pushed interest rates up on Tuesday, reiterating their worry that inflation might undermine the country's economic growth but not indicating any increase in their already well-known concerns.
22/03/00  The Full Story

Some Straight Talk From Warren Buffett

- THERE ARE tens of thousands of companies around the world, and practically each one produces an annual report with a letter to shareholders to give investors an idea of how their corporation did in the previous year and what is on tap for the next one.
18/03/00  The Full Story

Good Times Are Rolling

- These are good times for New York, but this silver cloud has a dark lining for visitors: Amid the economic boom, good service is hard to find, especially if you cannot offer stock options. Store clerks often cannot answer your questions, hotel staffs are stretched thin and switchboard operators sometimes exhibit astounding ignorance about their companies in particular and life in general.
17/03/00  The Full Story

Dow Drops 3.7% on 'Weird' Day for Markets

NEW YORK - The stark contrast between the ''new economy'' and the ''old economy'' was evident on Tuesday as technology stocks rose to touch an important milestone and blue-chip stocks plunged 3.7 percent.
08/03/00  The Full Story

Greenspan Makes the Argument for Interest Rate Increases

BOSTON - Alan Greenspan, chairman of the Federal Reserve Board, laid out the argument Monday to justify expected increases in U.S. interest rates, as the Fed moves to rein in the economy to prevent a supply-demand imbalance.
07/03/00  The Full Story

A Quartet of Funds That Follow Different Drummers

- THERE ARE a lot of mutual funds out there, on the scale of 40,000 around the world, which is not much different than the number of listed stocks. With so many funds, investors can easily overlook those that are small, new or not members of large families.
04/03/00  The Full Story

Strong U.S. Growth Rattles the Markets

NEW YORK - The U.S. economy grew even faster at the end of last year than the torrid pace previously reported, revised government figures showed Friday. The data increase the likelihood of interest-rate increases by the Federal Reserve Board even though the report showed that inflation remained at the low level previously reported.
26/02/00  The Full Story

Greenspan Has A Soothing Message for Wall Street

NEW YORK - Alan Greenspan, the Federal Reserve Board chairman, told Congress on Wednesday that the central bank was not concerned with the current level of the stock market but would raise interest rates to keep Americans from buying more goods and services than their economy could comfortably produce.
24/02/00  The Full Story

Focus on Internet Fuels European Telecoms' Rise

NEW YORK - In the old economy, the big European telecommunications companies might have been struggling to keep their stock prices from falling at a time like this.
18/02/00  The Full Story

Greenspan Sounds the Alert For Further Rate Increases

NEW YORK - Priming investors for interest-rate increases, Alan Greenspan, chairman of the Federal Reserve Board, warned Congress on Thursday that the central bank would seek to ensure that Americans did not try to buy more goods and services than their economy could comfortably produce.
18/02/00  The Full Story

Thomson To Sell Off Newspapers

NEW YORK - Thomson Corp. said Tuesday it would sell its remaining newspapers except for The Globe and Mail of Toronto, freeing it to concentrate on business-information services.
16/02/00  The Full Story

Thomson Set To Sell Off Newspapers

NEW YORK - Thomson Corp. said Tuesday it would sell its remaining newspapers except for its flagship Toronto daily, The Globe and Mail, completing its reorientation from a publisher to an information provider for businesses.
16/02/00  The Full Story

Alliance Yields Global Index

NEW YORK - In an alliance with three of the world's biggest stock exchanges, Standard & Poor's Corp. said Monday it had created an index of multinational companies that would be the basis for listed mutual funds.
08/02/00  The Full Story

Joblessness in U.S. Falls to 30-Year Low

NEW YORK - The United States created 387,000 jobs in January, the government said Friday, an unexpectedly large number that brought the unemployment rate to a 30-year low of 4.0 percent from 4.1 percent.
05/02/00  The Full Story

U.S. Bond Market Is Unsettled By Scramble for 30-Year Issues

NEW YORK - A buying frenzy for long-term Treasury bonds erupted Thursday, unsettling financial markets even as it drove down interest rates.
04/02/00  The Full Story

Fed Raises Interest Rates To Keep Inflation at Bay

NEW YORK - Taking a modest but deliberate step to keep inflation at bay, America's central bankers executed a widely expected interest rate increase on Wednesday and indicated they would do so again in coming months.
03/02/00  The Full Story

Like Ripples in the Pond

NEW YORK - As American central bankers meet Tuesday and Wednesday to plot monetary policy for the coming weeks, world financial markets are bracing for a series of interest-rate increases in many developed countries, with the exception of Japan.
02/02/00  The Full Story

Surge in U.S. Economy Raises Chance of Higher Interest Rates

NEW YORK - The U.S. economy surged at a 5.8 percent annual growth rate in the fourth quarter, government figures showed Friday, raising concern about inflation that weighed on the stock and bond markets.
29/01/00  The Full Story

Euro Below Dollar Again, But Recovery Is Expected

NEW YORK - The euro fell convincingly below the dollar for the first time in its short existence on Thursday, reflecting a lack of official concern about the recent weakness of the year-old currency.
28/01/00  The Full Story

New Titans Shun the Big Board

NEW YORK - Strength begets strength. Nasdaq has been a beneficiary of its own success, creating loyalty among the high-tech elite that are the bastions of the ''new economy.''
27/01/00  The Full Story

Can Nasdaq Maintain Its Upward Spiral?

NEW YORK - What goes up must come down, but when? For the Nasdaq composite index, probably not this year. In fact, some analysts predict, investors can look forward to a gain of roughly 30 percent in 2000, not bad for a barometer that rose 86 percent last year, 40 percent the year before that and more than 24 percent annually over the last decade.
27/01/00  The Full Story

Service Aims to Make It Easier For Investors to Go Global

NEW YORK - Cross-border investing remains fraught with frustrations for individuals, but a New York-based brokerage is trying to change that with a new multinational service that is to make its debut Thursday.
27/01/00  The Full Story

AOL to Buy Time Warner In Biggest Corporate Deal

NEW YORK - America Online Inc. said Monday that it would buy Time Warner Inc. for about $147 billion in stock and assumed debt, the largest corporate acquisition on record and a vivid illustration of the importance of the Internet.
11/01/00  The Full Story

A Sigh of Relief On Wall Street

NEW YORK - The Nasdaq composite index capped a week of staggering declines with a strong recovery Friday, while the Dow Jones industrial average finished at a record high, leaving investors hopeful that the frenzied profit-taking so far this year did not herald a reversal of the startling gains of 1999.
08/01/00  The Full Story

Markets Fall Hard On Rate Worries

- The prospect of rising interest rates in the United States and Europe pushed major stock indexes down sharply Tuesday, although analysts said the drop probably reflected investors cashing in some of the spectacular gains of last year.
05/01/00  The Full Story

New Year For Stocks: It's Mostly A Fizzle

- Global stock markets easily shrugged off the Y2K bug Monday, but in some major financial centers the good news quickly evaporated into a drubbing for share prices.
04/01/00  The Full Story
Articles which have appeared [ 1999 1998 | 1997 ]