Weekend Market Report Highlights Mixed Wall Street Action
New York stocks fluctuated as traders weighed strong unemployment data, a firmer dollar, and abroad demand. The Dow hovered near 2600 while AMR and other tech issues showed gains before profit taking trimmed some indices. Trading volume built, with winners outnumbering losers and several blue chips posting solid moves.
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Prudential Bache Amer T&t Securities Inc
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Israel blocks Walsh interview four Israelis in Iran Contra probe
Washington AP reports Israel will not allow independent counsel Lawrence Walsh to question four Israelis linked to the Iran Contra arms deals. An Israeli diplomat said Walsh offered no plan to press charges, but Israel insists the officials acted as state emissaries and must be immune. Negotiations, chronology documents, and potential testimony constraints follow.
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U S and Japan Ease Path for Supercomputer Bids
The United States and Japan signed an exchange of letters to simplify bidding for U S supercomputer makers on Japanese government and institutional contracts. The accord aims to level the field, though it does not guarantee sales, with Japan considering two new machines for the trade ministry and education ministry. The deal seeks to ease procedures while California Cray and others push for access amid ongoing price negotiations.
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