'BUNKER' BOMBS HIT IRAQI STRATEGIC TARGETS IN BAGHDAD
Stealth bombers drop two 4,700-pound, satellite-guided bombs on Iraqi command and communications centers as preparation continues for battle for Baghdad. In Basra, British attack Iraqis who are firing on civilians trying to flee the city. Stock futures pointing toward flat to lower opening on Wall Street.
MYSTERY FLU HITS ASIAN TRAVEL SHARES
Spread of mystery SARS disease hurts airline and hotel shares, adding to war worries. JAL down 4.8%; Qantas down 13%. Overall markets mixed to lower.
UNITED, AMERICAN NEAR LABOR PACTS
United reaches tentative agreement with its pilots union that would shave $6.6 billion in labor expenses. American tentatively agrees to a cost cutting deal with baggage handlers in exchange for equity in the company
AHOLD CASE MAY COVER OTHER FIRMS
The investigation into U.S. Foodservice could expand to envelop two of the U.S. food industry's biggest names, Sara Lee and ConAgra.
NEWMONT MINING 4Q EPS 19C
Posts full-year net of $154 million, or 42 cents a share. Fourth-quarter net income triples.
BANKS GIVE HEALTHSOUTH BREATHING ROOM
Hospital manager gets room to work out restructurings in or out of bankruptcy after some of its lenders block $400 million in debt obligations that were due next week.
LUCENT SETTLES SHAREHOLDERS' CLAIMS
Pays $568 million in cash, stock and warrants to settle massive shareholder litigation that alleged the company committed financial fraud.
LIBERTY MEDIA ADDS TO NEWS CORP STAKE
Agrees to buy an additional $500 million in nonvoting stock, signaling that it won't fight News Corp. with its own bid for satellite broadcaster DirecTV
SONY MUSIC TO CUT 1,000 JOBS IN RESTRUCTURING
Will begin laying off about 10% of its world-wide work force, as part of a vast restructuring under the new chief executive, Andrew Lack.
IMCLONE DRUG HELPS FIGHT COLON CANCER
Erbitux, the controversial cancer drug from embattled ImClone, helps fight colon cancer, an independent review of a highly anticipated trial shows.
WH SMITH ENDS TALKS TO BUY AOL UNIT
Says neither WH Smith nor Cinven will pursue acquisition of AOL Time Warner Book Group further.
NASD INVESTIGATES GRUBMAN'S SUPERVISOR
Salomon's former research chief Kevin McCaffrey may have violated rules of supervision and advertising. Oversaw telecom analyst Jack Grubman, who has accepted a lifetime ban from the securities industry.
QWEST TRIAL MOVED TO NEXT YEAR
Trial of four former Qwest executives indicted on securities fraud and other federal charges has been moved to next year.
BROADWING CFO SEES MORE REFINANCING
Telecom carrier buys itself another two years by amending its credit facility, but CFO says it will likely need to refinance again.
BROADCOM DOWN AFTER MANAGEMENT SHAKEUP
Replaces Raju Vegesna with Duane Dickhut as leader of ServerWorks unit after management disagreements. The move comes two months after company co-founder Henry Nicholas departs.
PAYOUT DOUBLES FOR MOTOROLA CEO
Salary for CEO Chris Galvin for 2002 stayed flat at $1.28 million, but he collected $1.5 million bonus after no bonus in 2001. Motorola shares fell 42% last year.
CHARTER COMMUNICATIONS TREASURER RESIGNS
Ralph Kelly resigns in the latest high-profile departure from the cable-TV company, whose accounting practices are being probed a federal grand jury.
CIGNA TO DELAY EMPLOYEE PAY RAISES
Pushes back annual pay raises to all employees four weeks as part of cost-cutting efforts.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
FOREX FOCUS
Mixed Reports Pull At Dollar
Talk of another 100,000 troops heading to Iraq support the dollar, while other reports that an all out assault on Baghdad will be delayed tame the gains.
THE WALL STREET JOURNAL
Hong Kong Becomes Hub For Health Crisis
An outbreak of severe pneumonia turns Hong Kong into a city suddenly gripped with fear.
============ U.S. MARKETS ACTION ===========
DJIA 8201.45 from Thursday.
NASDAQ 1384.25 from Thursday.
10-year Treasury note yield 3.892
NYMEX Spot Crude up $0.24 at $30.61/bbl
Dollar/Euro at 1.0728
(END) Dow Jones Newswires
03-28-03 0800ET
Scuba
Fear blind us opportunity, greed blind us the danger
DJ Dow Jones News Highlights Top Stories Of The Day
Scubawarrior
44
28-03-2003 09:12
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