Big guns back Microsoft in antitrust trial
Washington AP reports Microsoft attracts a broad legal support network including former White House counsel Lloyd Cutler and ex attorney generals Griffin Bell and Nicholas Katzenbach. The Washington Association for Competitive Technology will file a friend of the court brief arguing antitrust laws should protect consumers and that Microsoft’s aggressive behavior supports industry growth. Trial arguments resume February 22 with possible outcomes beyond the courtroom.
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Washington
Microsoft Corp
Clinton
Bush
At&t Corp
Bell
Justice Department
Association For Competitive Technology
Friend of the Court
Microsoft
Trade Association
Jonathan Zuck
Lloyd Cutler
Carter
Associated Press
Cutler
Boyden Gray
Griffin Bell
Howard Thenens
At&t
Nicholas Katzenbach
Lyndon Johnson
Katzenbach
IBM
David Boies
Boies
William Kovacic
George Washington University
Netscape Communications Corp
Marc Schildkrant
Federal Trade Commission
Thenens
Zack
Howard Diamond
Norwood, Mass
Wall Street eyes Fed moves amid market slide and prosperity
The piece notes Wall Street watching the Fed as stocks fall last week with the Dow off 2.6 percent on Friday and 4.6 percent for the week while the Nasdaq drops 8.2 percent. It discusses possible rate hikes to 6 percent, the economy growing 5.8 percent annualized in Q4, wage growth, consumer spending up 5.3 percent, and big gains in stock mutual funds offsetting higher rates. Analysts warn of volatility ahead as margin debt reaches record highs and tech stocks face scrutiny.
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America
Clinton
U.S
Federal Reserve
Fed
Wall Street
Federal Funds
Alan Greenspan
David Wyss
Standard & Poor's Corp
Greenspan
Senate
Robert Bissell
Wells Capital Management
Los Angeles
Bissell
Qualcomm
Teron Nooks
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Hope
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