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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 24, 1998
Page
2
A UN WHO report estimates about 33.4 million people are HIV positive globally, two thirds in sub Saharan Africa. Projected this year nearly 6 million new infections mark a prevention failure says Dr. Peter Piot.
America Online is acquiring Netscape in a 4.21 billion merger that includes Sun Microsystems. The pact makes AOL the largest Internet provider, preserves Netscape as a division in Mountain View, and ends Netscape as an independent company. Netscape shareholders will get 0.45 AOL shares per Netscape share. Sun will distribute Netscape's server software and AOL will use Suns Java tech to run services on next generation Internet devices.
Asian stock markets led gains as the Dow Jones industrial average surged to a new high in New York, triggering a near 2000 point rebound from last summer's plunge, while European markets softened. London’s FTSE 100 fell 0.9 percent to 5,797.9 as brokers awaited further gains. German banks eyed a $9 billion Bankers Trust takeover and Internet stocks rose on AOL Netscape talks, lifting late-session sentiment in Europe.
Lynchburg based broadcaster Jerry Falwell says the Y2K computer bug could be a sign from God to wake and humble the nation. He predicts possible worldwide revival and Christ's return around 2000 while noting plans to stock up on food and supplies.
The Dow Jones Industrial Average recovers from its late summer and fall decline and closes at a fresh peak, first time above its July 17 high. The piece tracks the index's movement since July 1.
Dennis Rodman seeks an annulment from Electra after a Las Vegas quickie wedding on November 14. The Bulls star cites fraud and unsound mind amid an ongoing NBA lockout leaving him with time on his hands.
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