Stocks Mixed As Tech Pulls Nasdaq Higher For Sixth Day
Nasdaq gains 77.63 to 4321.77 while the Dow drops 58.01 to 10905.79. NYSE volume 1.13B shares. Eastern Iowa stocks see 14 up, 26 down, four unchanged. IBP reports 1999 earnings and revenue gains. Treasury sells 3 and 6 month bills with mixed rates.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Iowa
MCI WorldCom
United Fire
General Electric
Weyerhaeuser
U.S. Cellular
AEGON
Procter and Gamble
McLeodusa
Industrial
Ameroniine
Transport
Compan
Nnance
LucentTech
Utilities
Voluine Ait
Philip Morr
American Stock Exchange
SPDR
Cisco
Amex
DOW Jones
AW Biotech
Indust
Standard & Poor's Insurance
Telecom
Wilshire Associates
Associated Press
Pfizer Warner-Lambert merger creates world scale drugmaker
Pfizer and Warner-Lambert agreed to a 92.5 billion dollar merger that will form the world’s second largest drug company, with Pfizer retaining the name and about 28 billion dollars in annual sales. The deal includes Warner-Lambert paying 1.8 billion to AHP as a breakup fee and leadership changes ahead.
MENTIONED IN THIS ARTICLE
New York
Pfizer
Warner-Lambert
Lodewijk J.R. de Vink
de Vink
American Home Products
AHP
American Home
American Eagle to link Cedar Rapids with Dallas Fort Worth
American Eagle will launch nonstop Cedar Rapids to Dallas Fort Worth service on February 21 with a 258 round trip introductory fare. The plan includes two daily round trips and a 50 seat Embraer ERJ 145 with 519 mph cruise.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Dallas-Fort Worth
American Eagle
Baton Rouge
New Orleans
Houston
Midland-Odessa
Oklahoma City
San Antonio
Dallas
Chicago O'Hare International
Americans Borrowing Surges in December on Auto Loans and More
Washington AP reports December borrowing rose 9.7 percent to 1.39 trillion dollars in consumer credit excluding mortgages. Nonrevolving loans led gains at 10.6 percent, with revolving credit up 8.4 percent as credit card use remained high. November's debt also revised higher.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Administration weighs tapping oil reserves amid price surge
The Clinton White House weighs using the Strategic Petroleum Reserve for the second time to lower prices. Energy Secretary Richardson seeks oil producer support to ease the 1998 production cutbacks, with ministers from OPEC and others under review.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Energy
Bill Richardson
United States
White House
John Podesta
Fox News
Podesta
Richardson
Saudi Arabia
Venezuela
Mexico
Organization of Petroleum Exporting Countries
Also Mentioned on This Page
IBP
IBP Inc
Dakota Dunes
S.D
Treasury
Treasury Department
Djia
BizFacts
KR One
William C. Steere, Jr
American Medical Systems
Howcedica
Pfizer Animal Group
Valley Lab
Viagra
Norvasc
Zoloft
Zithromax
BenGay
Visine
KRT
L.J.R. DeVink
Morris Plains, N.J
Parke-Davis, Tetra
Schick
C.R
George C. Ford
Cedar Rapids Airport
Mullendere
Nyse Index
Offce Furniture
Welter
Recifecuonitire
Blairs Ferry Rd
Monticello
the Document Company
XEROX
WWW
Xerox.com
Xerox Sales Office
Xerox Corporation
First Ave
Midwest Document Systems, Inc
S.E. Ave
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