tawasl
عضو نشط
- التسجيل
- 19 ديسمبر 2003
- المشاركات
- 24
Top Stories Of The Day
(2004/04/09 10:00AM)
US FORCES PRESS AHEAD AGAINST IRAQI RESISTANCE
Amid upsurge in fighting, U.S. troops fan out across Kut
southeast of Baghdad, after meeting little resistance in the city, in a major foray by the U.S. military into the south, where allies have struggled to deal with uprising led by a radical Shiite cleric. In other action, U.S. Marines briefly halt offensive operations in Fallujah, but suspension ends after only an hour and a half, apparently after negotiations with a city delegation fell through.
RICE SAYS NO 'SILVER BULLET'
COULD HAVE PREVENTED 9/11
National security adviser says terrorism threat built for more than 20 years and disputes suggestions Bush failed to focus on threat of strikes in advance. Also denies Clarke's charge administration focused on Iraq in hours after attacks.
TOKYO SHARES DOWN ON IRAQ WORRY
Concern over three Japanese hostages in Iraq and Japan's role in Iraq weigh on market. Nikkei falls 195.09 points, or 1.6%, to 11,897.51. Most other Asian markets closed for Good Friday holiday.
IRAQI OIL FLOWING DESPITE INSURGENCY
Oil is continuing to flow from oil fields and to the international markets, despite a week of particularly fierce resistance to the country's occupation by U.S. forces, a senior official of state oil marketing organization says.
AAIPHARMA SUBPOENAED ON RESULTS
Specialty pharmaceutical company says it has received subpoenas related to its restatement of certain financial results and product sales. Also says it may seek bankruptcy protection if unable to restructure certain credit agreements.
COKE MULLS OUTSIDERS FOR TOP JOB
Facing growing investor anxiety over who will run the company, Coca-Cola board members are zeroing in on several leading candidates in the company's first-ever outside search for a chairman and chief executive, The Wall Street Journal reports.
CONTROVERSIAL PENSION BILL PASSES
After a heated, months-long debate, lawmakers pass a controversial bill that will allow companies to put a whopping $80 billion less into their ailing pension plans over the next two years than they would have otherwise.
YAHOO'S 1Q LEAVES ANALYSTS BEHIND
Shares jump 15% after Internet bellwether issues dazzling 1Q earnings report, which CFO says validates strength of Internet advertising. Yahoo significantly boosts projections for rest of year. Shares' rise provides solid lift to Nasdaq.
RETAILERS WIN FULL PRICE IN MARCH
Higher-end venues post the strongest sales, with specialty-apparel chains posting collective same-store gain of 9.1%, while shares of discounters fall as sales miss Wall Street's forecasts. Apparel retailers also drop on worries of tougher second half.
MCDONALD'S OFFERS BUNLESS BURGERS
World's largest hamburger chain, joining competitors in offering lower-carbohydrate versions of their food, confirms it plans to offer bunless versions of its beef and chicken sandwiches nationally by early next month.
CLEAR CHANNEL PULLS HOWARD STERN SHOW
Nation's biggest radio operator says it is yanking shock jock Howard Stern's radio show from its airwaves permanently, citing large indecency fine proposed by FCC.
TYCO JUDGE AFFIRMS ORDER RELEASING TRANSCRIPTS
Justice Obus to release portions of transcripts of sealed proceedings in corporate-looting case after at least one media organization published some of the transcript that remained sealed.
COMPUTER ASSOCIATES' EX-CFO PLEADS GUILTY
Ira Zar and two of his subordinates plead guilty to criminal charges and agree to cooperate with investigators in ongoing federal probe of software company's accounting.
NASD PROBES FEE-BASED ACCOUNTS
National Association of Securities Dealers launches industry-wide probe into fee-based brokerage accounts, sources say. Issue for regulators is that these accounts can be inappropriately expensive for buy-and-hold investors.
PUTNAM SETTLES TIMING CHARGES FOR $110M
Agrees to pay $55 million into restitution fund for investors to settle SEC allegations of market timing by some former portfolio managers. Settles related charges with Massachusetts regulators for additional $55 million payment.
CLIENT WINS $2.9M AGAINST DAIN RAUSCHER
A young dot-com entrepreneur won $2.9 million in arbitration last month against RBC Dain Rauscher and his broker for their advice on holding restricted stock in InfoSpace.
US DATA BOOST JOBS GROWTH EXPECTATIONS
Jobless claims fall by 14,000, to 328,000, bolstering view that employers are expanding jobs rapidly. Wholesale inventories rise by 1.2%, suggesting firms continuing to stockpile goods in response to improving economy.
FED'S FERGUSON UNSURE JOBS DATA SIGNAL RECOVERY
Federal Reserve Vice Chairman Roger Ferguson says 'it will take some time' for central bank to decide whether job market has recovered sufficiently to permit it to raise interest rates without derailing economic recovery.
JANUS CEO'S BONUS RAISES EYEBROWS
CEO Mark Whiston's 2003 bonus worth almost $3.4 million seems hefty, especially for top executive of a fund company where business has been hammered because of its role in the mutual-fund scandal.
GE SEES BROAD-BASED UNIT GROWTH IN 1Q
General Electric's once-powerful turbine business continues to be weak, but is offset by broad-based growth across its other industrial and financial businesses, leading to flat profits.
EMPLOYEE TESTIFIES ON RIGAS STOCK PURCHASES
Former employee of Adelphia's treasury group testifies on Rigas family stock purchases that Adelphia funded, saying company wired $4.5 million to Rigas family entity, which transferred sum to Rigas family brokerage account in '01.
THOMSON TO BUY TRADEWEB FOR $385M
Canadian company will acquire online bond exchange for cash, plus possible 'earn-out' payments of up to $150 million over next three years providing company meets aggressive revenue targets. Thomson shares edge lower.
MASTERS UNDERWAY AFTER DELAY
Play resumes this morning after being suspended late Thursday for thunderstorms. Britain's Justin Rose was early leader at -5 when play ended Thursday.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
ANALYSIS
Oil Demand Should Stay OPEC
International Energy Agency revises upward its 'call on OPEC' and hands cartel several reasons to freeze its plans to cut its crude production, including estimating demand for its oil through June would be at its highest level in three years.
CHARTING MARKETS
Dollar To Edge Higher Against Yen
Early dollar trading will be technically strong above 105.19. But Stephen Cox says rallies are likely to be turned back at or below second resistance.
============ U.S. MARKETS ACTION ===========
DJIA 10442.03 from Thursday
NASDAQ 2052.88 from Thursday
S&P 500 1139.32 from Thursday
10-year T-note up 0/32 at 98 14/32 yield 4.194
NYMEX Spot Crude up $0.99 at $37.14/bbl
Dollar/Euro up 0.0011 at 1.2097
(2004/04/09 10:00AM)
US FORCES PRESS AHEAD AGAINST IRAQI RESISTANCE
Amid upsurge in fighting, U.S. troops fan out across Kut
southeast of Baghdad, after meeting little resistance in the city, in a major foray by the U.S. military into the south, where allies have struggled to deal with uprising led by a radical Shiite cleric. In other action, U.S. Marines briefly halt offensive operations in Fallujah, but suspension ends after only an hour and a half, apparently after negotiations with a city delegation fell through.
RICE SAYS NO 'SILVER BULLET'
COULD HAVE PREVENTED 9/11
National security adviser says terrorism threat built for more than 20 years and disputes suggestions Bush failed to focus on threat of strikes in advance. Also denies Clarke's charge administration focused on Iraq in hours after attacks.
TOKYO SHARES DOWN ON IRAQ WORRY
Concern over three Japanese hostages in Iraq and Japan's role in Iraq weigh on market. Nikkei falls 195.09 points, or 1.6%, to 11,897.51. Most other Asian markets closed for Good Friday holiday.
IRAQI OIL FLOWING DESPITE INSURGENCY
Oil is continuing to flow from oil fields and to the international markets, despite a week of particularly fierce resistance to the country's occupation by U.S. forces, a senior official of state oil marketing organization says.
AAIPHARMA SUBPOENAED ON RESULTS
Specialty pharmaceutical company says it has received subpoenas related to its restatement of certain financial results and product sales. Also says it may seek bankruptcy protection if unable to restructure certain credit agreements.
COKE MULLS OUTSIDERS FOR TOP JOB
Facing growing investor anxiety over who will run the company, Coca-Cola board members are zeroing in on several leading candidates in the company's first-ever outside search for a chairman and chief executive, The Wall Street Journal reports.
CONTROVERSIAL PENSION BILL PASSES
After a heated, months-long debate, lawmakers pass a controversial bill that will allow companies to put a whopping $80 billion less into their ailing pension plans over the next two years than they would have otherwise.
YAHOO'S 1Q LEAVES ANALYSTS BEHIND
Shares jump 15% after Internet bellwether issues dazzling 1Q earnings report, which CFO says validates strength of Internet advertising. Yahoo significantly boosts projections for rest of year. Shares' rise provides solid lift to Nasdaq.
RETAILERS WIN FULL PRICE IN MARCH
Higher-end venues post the strongest sales, with specialty-apparel chains posting collective same-store gain of 9.1%, while shares of discounters fall as sales miss Wall Street's forecasts. Apparel retailers also drop on worries of tougher second half.
MCDONALD'S OFFERS BUNLESS BURGERS
World's largest hamburger chain, joining competitors in offering lower-carbohydrate versions of their food, confirms it plans to offer bunless versions of its beef and chicken sandwiches nationally by early next month.
CLEAR CHANNEL PULLS HOWARD STERN SHOW
Nation's biggest radio operator says it is yanking shock jock Howard Stern's radio show from its airwaves permanently, citing large indecency fine proposed by FCC.
TYCO JUDGE AFFIRMS ORDER RELEASING TRANSCRIPTS
Justice Obus to release portions of transcripts of sealed proceedings in corporate-looting case after at least one media organization published some of the transcript that remained sealed.
COMPUTER ASSOCIATES' EX-CFO PLEADS GUILTY
Ira Zar and two of his subordinates plead guilty to criminal charges and agree to cooperate with investigators in ongoing federal probe of software company's accounting.
NASD PROBES FEE-BASED ACCOUNTS
National Association of Securities Dealers launches industry-wide probe into fee-based brokerage accounts, sources say. Issue for regulators is that these accounts can be inappropriately expensive for buy-and-hold investors.
PUTNAM SETTLES TIMING CHARGES FOR $110M
Agrees to pay $55 million into restitution fund for investors to settle SEC allegations of market timing by some former portfolio managers. Settles related charges with Massachusetts regulators for additional $55 million payment.
CLIENT WINS $2.9M AGAINST DAIN RAUSCHER
A young dot-com entrepreneur won $2.9 million in arbitration last month against RBC Dain Rauscher and his broker for their advice on holding restricted stock in InfoSpace.
US DATA BOOST JOBS GROWTH EXPECTATIONS
Jobless claims fall by 14,000, to 328,000, bolstering view that employers are expanding jobs rapidly. Wholesale inventories rise by 1.2%, suggesting firms continuing to stockpile goods in response to improving economy.
FED'S FERGUSON UNSURE JOBS DATA SIGNAL RECOVERY
Federal Reserve Vice Chairman Roger Ferguson says 'it will take some time' for central bank to decide whether job market has recovered sufficiently to permit it to raise interest rates without derailing economic recovery.
JANUS CEO'S BONUS RAISES EYEBROWS
CEO Mark Whiston's 2003 bonus worth almost $3.4 million seems hefty, especially for top executive of a fund company where business has been hammered because of its role in the mutual-fund scandal.
GE SEES BROAD-BASED UNIT GROWTH IN 1Q
General Electric's once-powerful turbine business continues to be weak, but is offset by broad-based growth across its other industrial and financial businesses, leading to flat profits.
EMPLOYEE TESTIFIES ON RIGAS STOCK PURCHASES
Former employee of Adelphia's treasury group testifies on Rigas family stock purchases that Adelphia funded, saying company wired $4.5 million to Rigas family entity, which transferred sum to Rigas family brokerage account in '01.
THOMSON TO BUY TRADEWEB FOR $385M
Canadian company will acquire online bond exchange for cash, plus possible 'earn-out' payments of up to $150 million over next three years providing company meets aggressive revenue targets. Thomson shares edge lower.
MASTERS UNDERWAY AFTER DELAY
Play resumes this morning after being suspended late Thursday for thunderstorms. Britain's Justin Rose was early leader at -5 when play ended Thursday.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
ANALYSIS
Oil Demand Should Stay OPEC
International Energy Agency revises upward its 'call on OPEC' and hands cartel several reasons to freeze its plans to cut its crude production, including estimating demand for its oil through June would be at its highest level in three years.
CHARTING MARKETS
Dollar To Edge Higher Against Yen
Early dollar trading will be technically strong above 105.19. But Stephen Cox says rallies are likely to be turned back at or below second resistance.
============ U.S. MARKETS ACTION ===========
DJIA 10442.03 from Thursday
NASDAQ 2052.88 from Thursday
S&P 500 1139.32 from Thursday
10-year T-note up 0/32 at 98 14/32 yield 4.194
NYMEX Spot Crude up $0.99 at $37.14/bbl
Dollar/Euro up 0.0011 at 1.2097