Bargain buying lifts market as Dow climbs near 200
Bargain hunting boosts Wall Street after a two day selloff with the Dow up about 200 points. Nasdaq and S P 500 rise amid cautious tech trading and fresh scrutiny of Computer Associates amid accounting concerns. Analysts cite short covering and bargain hunters as key drivers while Enron fallout keeps investor sentiment fragile.
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New York
Computer Associates
Gow
Standard & Poor
Enron
Alan Ackerman
Fahnestock & Co
Larry Wachtel
Prudential Securities
Wall Street
Inflation nudges higher as January costs rise
Consumer prices rose 0.2 percent in January led by gasoline and medical care, while clothing, cars, lodging, and computers posted declines. Excluding food and energy, core inflation also gained 0.2 percent, with economists expecting steady prices as the economy inches toward recovery.
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Washington
Labor Department
Energy and Food
Poll finds HP workers oppose Compaq deal
An independent Field Research Corp poll financed by David Packard shows 63 percent of current HP workers in Oregon oppose HP's 21 billion acquisition of Compaq. Among retirees, 59 percent oppose. The survey covered 671 respondents around Corvallis with margins of error about five to six points.
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San Francisco
Hewlett. Packard Co
David Packard
Oregon
Compaq Computer Corp
Field Research Corp
Field
Corvallis
Ore
Carly Fiorina
David W. Packard
Copyright office proposes Internet music royalty rates
A Copyright Office panel proposed that Internet music broadcasters pay royalties per listener. Rates run from seven tenths of a penny to one fourteen of a penny per song, with fees going to the record companies. Public comment will follow before final approval by lawyers and the Librarian of Congress.
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Copyright Office
Washington
U.S. Copyright Office
Alanis Morissette
Eric E. van Loon
Librarian of Congress
David Carson
Crude futures slide as market eyes Russia talks
Oil futures on the New York Mercantile Exchange closed lower ahead of possible Russian export policy shifts and an expected OPEC meeting in March. Analysts noted a trading range amid signals from Moscow, with gasoline and heating oil finishing weaker while crude edged down to 20.29 a barrel and natural gas fell. U.S. inventories showed declines in crude and distillates, though gasoline rose slightly. Soybean futures also climbed on talk crushers may slow the crush pace.
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New York Times
IBM
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France
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Germany
New York
New York Mercantile Exchange
Russia
Try
Organization of Petroleum Exporting Countries
Bill O'Grady
AG Edwards
St. Louis
American Petroleum Institute
U.S
Frontmonth
Brent
International Petroleum Exchange
Lion
Chicago Board of Trade
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