Broader Markets To Open Higher
Stocks appeared set to open mixed to
higher Monday.
JP Morgan has lowered its rating on
Japanese truck maker Isuzu Motors from Market Performer to Market Underperformer
due to concerns on interest bearing debt. General Motors
(
GM |
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Japanese truck maker.
After the close Friday evening, Duke
Energy
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PowerRating)
Mirant
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have all responded to the Federal Energy Regulatory Commission’s inquiries denying
any part of “wash,” “roundtrip,” or “sell/buyback”
trades.
The Organization for Economic
Cooperation and Development has postponed its scheduled meeting on corporate
governance in Bombay due to the escalating crisis between India and Pakistan.
AMR Corp
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AMR |
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PowerRating) said that unit
costs have risen 3% from a year ago and sees a large loss for Q2.
The United States Government has
ordered IBM’s
(
IBM |
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effective weather forecasting. The system will be used at the National Centers
for Environmental Prediction and can run 100 trillion calculations per second.
Boeing Co.’s
(
BA |
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PowerRating) McDonnell
Douglas has been awarded a military contract worth up to $9.2 billion. The open-ended contract
calls for the design of weapons for F-15 aircraft.
Tyco International
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PowerRating) announced
that L. Dennis Kozlowski has resigned as Chairman and Chief Executive Officer
due to personal reasons. In addition, Mr. Kozlowski has stepped down from the
Board of Directors. John Fort will assume the vacated position as the request of
Tyco’s board.
Screaming Media
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an agreement with Citrix Systems
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access SCRM’s information services for a one year period.
According to a report in the Wall
Street Journal, USA Interactive
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$4.5 billion for portions of its publicly traded units, Expedia
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PowerRating),
Tickemaster
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PowerRating) and Hotels.com
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PowerRating).