12/12/05: The First Federal Vioxx Trial Ends In A Mistrial
SUSIE GHARIB: A legal setback for Merck today. A Federal
judge in Houston declared a mistrial in the drug maker`s first Federal
trial over its painkiller Vioxx. Judge Eldon Fallon came to the
decision after jurors were unable to reach a verdict in a quote, reasonable
amount of time. At issue: whether Merck`s painkiller was responsible for
the heart attack of a short-term Vioxx user. Merck still faces more than
7,000 Vioxx lawsuits. It withdrew the pain medication from the market last
year after studies showed Vioxx increased the risk of heart attack and
stroke in long-term users. Lawyers for both sides say they`re anxious for
a retrial.
PHIL BECK, MERCK ATTORNEY: We don`t have any idea what the jury got
hung up on, so I would suspect that both sides will make presentations that
are pretty close to the ones that we made over the last few weeks.
JERE BEASLEY, PLAINTIFF ATTORNEY: We don`t know how many people were
killed by Vioxx. We do know this: this company has accepted misleading the
medical community and the public as a way of life.
GHARIB: The lawyers in the case will meet with the judge next week to
discuss a time frame for a re-trial. Merck shares fell $0.72 today or 2.5
percent to close at $28.41.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright
(c) 2005 Community Television Foundation of South Florida,
Inc. ALL RIGHTS RESERVED. Terms of use.
12/12/05: The FOMC Is Poised To Raise Interest Rates Yet Again
PAUL KANGAS: It`s almost a forgone conclusion that the Federal Reserve`s
open market committee will boost interest rates when it meets tomorrow.
The Fed funds rate target is expected to go up 1/4 point to 4.25 percent.
The Fed has been consistently moving rates higher since June of last year.
But there is much less certainty over whether the Fed will signal that
cycle of tightening is coming to an end. Stephanie Dhue reports.
STEPHANIE DHUE, NIGHTLY BUSINESS REPORT CORRESPONDENT: Tomorrow`s
meeting is the next to last for Federal Reserve Board Chairman Alan
Greenspan. He`s expected to soon hand the reins to Ben Bernanke. Many
economists expect the Fed to transition not just its leadership, but also
its policy direction.
KATHRYN KOBE, ECONOMIST, ECONOMIC CONSULTING SERVICES: The economics
probably allow them to stop right now, but they`re going to be very
sensitive as they get to this transition period about what kind of signal
they`re sending.
DHUE: The financial markets interpreted the minutes of the last FOMC
meeting in November to mean the Fed was almost done raising rates.
Economist Tom Gallagher says that may not be the case.
TOM GALLAGHER, ECONOMIST, ISI: I think the market is assuming that
any statement change is going to be an indication that the Fed is at or
very close to neutral and that they`ll be done then, and I think that the
Fed may well go beyond neutral, so that`s where the risk for the market is.
DHUE: Figuring out just what to say and getting the full open market
committee to agree is tricky. Former Fed Governor Laurence Meyer expects
the Fed to change its statement, keeping the language vague enough to give
it flexibility, while still dealing with a transition to a new chairman.
LAURENCE MEYER, MACROECONOMIC ADVISORS: The most serious mistake a
new chairman can make and a committee during this transition period is to
make a mistake on inflation, because then that will weigh on the reputation
of the new chairman and be harder to sort of correct.
DHUE: Experts say it`s harder for the Fed to give financial markets a
clear signal of its direction as it nears the end of a tightening cycle.
The Fed may want to change the language, but not the perception that it
will keep raising interest rates if the economy overheats or inflation
picks up. Stephanie Dhue, NIGHTLY BUSINESS REPORT, Washington
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
12/12/05: One On One With NASDAQ
CEO Robert Greifield
SUSIE GHARIB: The NASDAQ stock market is gearing up to take market share
from the New York Stock Exchange, now that its acquisition of the Instinet electronic exchange has been completed. The deal closed last week,
just days after the NYSE`s seat holders approved plans for the big board to
go public. When I met with NASDAQ CEO Robert Greifield this morning, I
began by asking him why the Instinet deal is so important for the NASDAQ.
ROBERT GREIFELD, PRES.& CEO, NASDAQ: Well, with the acquisition of
Instinet, we will have the largest electronic liquidity pool available to
investors. So anybody looking to buy or sell in the NASDAQ marketplace can
look to do it at a faster level, cheaper and with deeper pools of
liquidity.
GHARIB: Mr. Greifield, you`ve been buying up a lot of your
competitors over the last couple years, making all these acquisitions.
What`s your next step?
GREIFIELD: Our strategic thrust is to make sure all investors,
regardless of where the stock is listed, has the opportunity to enjoy the
advantages of trading on the electronic NASDAQ format. So today we have a
large market here in New York called the New York Stock Exchange that`s
operating in much the same way that it was organized in -- you know, 200
years ago. So we have to focus on that and make sure that all investors
have the ability to trade on NASDAQ enjoy the advantages.
GHARIB: You bring up the New York Stock Exchange and you certainly --
it`s going to be a historic move for the New York Stock Exchange. How are
you going to deal with that change? What does it mean for the NASDAQ?
GREIFIELD: The NASDAQ, when we started in 1971, every single market on
the planet looked like the New York Stock Exchange. Every single market on
the planet has followed the lead that NASDAQ established with electronic
trading. So we have deep, deep and truly remarkable knowledge in how to
handle electronic trading. And we believe we can lever this and bring
advantages to investors as we focus on trading of stocks listed on the
competitive market.
GHARIB: Besides price, how else are you going to direct order flow
from the New York Stock Exchange to the NASDAQ?
GREIFIELD: We have the greater experience, the greatest skill set, the
greater depth of knowledge. So we have that advantage and we have the
advantage of not being tied to a single monopolist or specialist where we
have multiple market makers. So what does that mean to investors? What it
means to investors is they can look for trading on NASDAQ to be very
efficient, very effective, a deeper pool of liquidity and a better
execution.
GHARIB: When I talked to John Thane last week, the CEO of the New York
Stock Exchange, he told me that the NASDAQ is not his biggest concern and
his largest competitor. He`s more concerned about what`s going on in
Europe with the Deutsche Bourse, so how important is the NYSE as a
competitor for the NASDAQ?
GREIFIELD: Well, we`re focused, as I said, first and foremost in
gaining trading of share for stocks listed on New York. Our progress has
been truly remarkable. We are the number one broker delivering orders down
to the floor in New York. And the important thing to note is our strategy,
our strategy is to make sure that we match electronically a greater and
greater share of those orders. And we`re doing that.
GHARIB: So what is your goal? How much is greater amount of shares?
GREIFIELD: Today we represent about 20 percent of the trading volume
of stocks that are listed on New York. That number increases month on
month and we want to continue that trend. Whether that will end up to be
30, 40 or 50 percent, we`re not here to predict. But we know we`re on a
positive trend line and we`re increasing the share of trading that we`re
doing.
GHARIB: Now that the NYSE is adopting some electronic trading and of
course NASDAQ is fully electronic, what do you see is going to be the
outlook for pricing of trades and transactions, let`s say, three to five
years from now?
GREIFIELD: You know, it`s hard to predict. What we do is make sure
that when we introduce new technology that reduces our cost of operation
that reflect some of that savings back to our customers and obviously some
to our shareholders.
GHARIB: Speaking of shareholders, let`s talk a little bit about NASDAQ
stock which has had a phenomenal run going from something like $9 earlier
this year to almost $40. So what is it going to take, what`s going to be
the growth driver to take it to the next level?
GREIFIELD: I do repeat that we have this wonderful opportunities. I
think investors have partially recognized what that can mean to us. But
our business has tremendous growth opportunities as we execute on this plan
of growing here in the trading of stocks listed on the New York Stock
Exchange.
GHARIB: Mr. Greifield, thank you so much and good luck to you.
GREIFIELD: I appreciate it.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
12/12/05:
The Issues Before The Doha Trade Round
SUSIE GHARIB: Leaders from the nations of the World Trade Organization
are meeting in Hong Kong this week, talking about trade. While that`s a
simple economic concept, it`s a difficult reality, given the differences
between developed and developing countries. Darren Gersh examines the
issues at stake for the U.S.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: It is standard
presidential operating procedure: tour a factory and talk up good economic
news. It is far less common for a president to use an event like this to
launch into a discussion of world trade talks. But Mr. Bush has put a
priority on a successful conclusion to the negotiations known as the Doha
round.
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: The Doha trade round
has great potential to boost jobs here in America by reducing and
eliminating tariffs and other barriers on industrial goods and on farm
goods.
GERSH: Named for the city in Qatar where the negotiations began, the
Doha round brings together 148 members of the World Trade Organization.
The talks are unique, because this is the first time the world`s trading
system has focused on the concerns of developing countries. And because
the poorest people in the world live in rural areas and make their living
farming, the Doha round`s key issue is agriculture.
URI DADUSH, DIRECTOR ECONOMIC POLICY, THE WORLD BANK: Agriculture is also
the segment of world trade that is the most distorted, protected and
subsidized.
GERSH: Rich nations spend $300 billion a year supporting farmers. The
Doha round is supposed to change that. One example: African cotton farmers
are pushing the U.S. and other developed countries to cut subsidies which
would help farmers from poor nations to compete. The U.S. has led the way,
offering to slash farm supports and eliminate farm export subsidies in
return for greater market access for American industrial goods and
services. The problem is that Europeans refuse to cut their farm tariffs
any further.
DADUSH: There are very strong vested interests and many of them in the
richest countries in the world, I`m thinking about Japan, Norway,
Switzerland, the European Union as a whole, there are very strong vested
interests resisting circulation of goods.
GERSH: Agriculture is the biggest challenge for the trade talks, but
there are others. India, for example, wants more U.S. visas for its high-
tech workers. With controversial issues on the table, the round could
collapse, and that would be just fine say protesters and critics. They
charge globalization has hurt the poor and shredded local identities.
There is growing skepticism around the world that another round of trade
talks will pay off.
THEA LEE, POLICY DIRECTOR, AFL-CIO: Here`s the United States probably
going to run a $700 billion trade deficit this year. Every time we sign
another one of these trade (INAUDIBLE) we`re told we are going to sell more
stuff to the rest of the world, but it never seems to turn out that way.
GERSH: Some fear the world will slide towards protectionism, if the
Doha round becomes the first major trade negotiation to fail since the
1930s. That is why negotiators might narrow the agenda and salvage a
smaller agreement, rather than give ammunition to those opposed to world
trade talks. Darren Gersh, NIGHTLY BUSINESS REPORT, Washington.
Nightly Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may be
posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly Business
Report is not and should not be considered as investment advice.
Copyright (c) 2005 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
12/12/05:Commentary: Using HSA's To Keep Body & Bank Account Healthy
SUSIE GHARIB: Tonight`s commentator has some ideas on how to keep Americans
healthier and keep our economy healthier as well. Here`s Glenn Hubbard,
dean at the graduate school of business at Columbia University.
GLENN HUBBARD, FORMER CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS: The
president`s tax reform panel offered proposals to limit the tax benefit
associated with health insurance. Now, eliminating the subsidy would
permit lower tax rates and leveling the tax playing field would lead
consumers to be more value-conscious and shift to more affordable insurance
with higher deductibles and co-payments. But hold on.
The tax reform panel only recommended capping the tax subsidy for
health insurance, leaving an un-level playing field and Congress only
recently continued the trend in the other direction, using health savings
accounts, HSAs, to extend the subsidy to out of pocket spending if
individuals select the high-deductible plan. Building on this, a simple
tax law change offers potent medicine. Let everyone deduct expenditures on
insurance and out-of-pocket expenses as long as they purchase insurance.
Now, the tax reform panel correctly noted that repealing the subsidy
is a revenue raiser. But expanding HSAs is unlikely to be costly. The
change would shift how medical care is purchased away from insurance and
toward out-of-pocket expenses and a reduction in overall spending. Lower
insurance costs translate to higher wages for workers and higher Federal
revenue to offset the cost of deductibility. Washington take note: simple
tax changes could reduce annual health care spend big $60 billion and the
uninsured by as much as $20 million. Let`s hope the tax reform and health
reform discussions come together soon. I`m Glenn Hubbard.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
12/12/05: Gifts & Gadgets-Holiday Ideas
SUSIE GHARIB: Only 12 more shopping days `til Christmas so get out those
lists and check them twice. If you have a music lover on that list, we
have some suggestions for the perfect gift. Here`s Scott Gurvey as we
continue our annual look at gifts and gadgets.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: We recently
reported a series on the business of the music industry in the digital age
and were surprised to discover that musicians of all ages and abilities are
using technology to compose and perform. Some of these products make great
holiday gifts. Beginners might want to start with the $50 music ace from
Harmonic Vision. It features 36 lessons to introduce you to theory,
rhythm, pitch and note reading.
If singing is your thing, try singing coach unlimited from carry-a-
tune technologies. It presents a series of lessons and analyzes and
critiques your performance. A headset and microphone are included in the
$80 price. Professionals use a wide range of keyboards which can get quite
pricey. But you can replace your standard computer keyboard with Creative
Lab`s Prodikeys (ph) which combines a typewriter keyboard with a piano.
This product comes with some great software which can create backing chords
as you noodle around with a melodic line.
Once you`re ready for a little more in the way of production, check
out band in a box. You enter the basic chords of your song and then play
the solo while band in a box plays behind you. For the generated
accompaniment, you select one of hundreds of different styles.
MICHAEL LAMB, MUSIC TECHNOLOGIST, SOUND TREES: They`ve got everything
from Fifty Cent, a rap style to Herbie Handcock and 1980s progressive jazz,
all the way back to the break be-bop era, 1950s and even from the 1920s,
swing styles. So there`s just a ton of various styles, everything from
rhythm and blues, gospel, I mean, you name it. They`ve created these styles
that you can play along with.
GURVEY: Once you`ve got your song down, you can print the music and
lead sheets and export the production to sound files or midi files. In
fact, all of these programs produce midi files, which means you can
interchange programs as you work on a song.
Finally, here is Cakewalk, one of the original electronic music
sequencing programs and one of the most popular for professional musicians.
But Cakewalk also sells a light version called Cakewalk home studio which
goes for less than $100 and contains almost all of the functions of its big
professional brother. All of these products let you burn your creations
onto compact disks so your tune can be a chart buster.
Next week, products for editing your holiday videos and photographs.
Scott Gurvey, NIGHTLY BUSINESS REPORT, New York.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
>
12/12/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: Stocks prices got an opening lift from OPEC`s decision to hold
production at a 25-year high. Other positives included ConocoPhilips`
talks to buy Burlington Resources and a dividend boost by Honeywell. The
Dow rose 30 points early on, while the NASDAQ Composite was up eight
points.
The market slumped this afternoon on a rebound in oil prices and
caution ahead of tomorrow`s Fed meeting, but some late buying led to a
mixed close. The Dow Industrial Average fell only 10.81 at 10,767.77. The
NASDAQ Composite actually gained 4 1/4 points at 2260.95 and the Standard &
Poor`s 500 up just over a point at 1260.43. In the bond market, the 10-year
note fell 5/32 to 99 19/32, putting the yield at 4.55 percent.
Most active New York exchange issue on 34.1 million shares, Pfizer
(PFE) moving up $0.32. Pfizer announced today it`s boosting its quarterly
dividend by 26 percent, up to $0.24 a share.
Then came Time Warner (TWX) with a $0.03 gain. Bowing to pressure from
regulators, the company and other major cable firms are planning to launch
packages of family programming.
Merck & Co (MRK) itself down $0.72, as you heard earlier, disappointed
over that Texas mistrial.
Then Newmont Mining (NEM), the granddaddy of the golds, up $0.74 and
it traded as high as $52.49. New York February gold contract at $531.50 up
a $1.30, a 25-year high. Bear Stearns thinks the rise in gold is
sustainable. It`s favorite stock: Newmont Mining.
Conocophillips (COP) down $1.92. It`s going to have to come up with
$30 billion. It is in talks to acquire Burlington Resources for that amount
and Burlington stock was up $6.41 at $82.50 a share.
Lucent Technology (LU) dropped $0.05.
Then Chesapeake Energy (CHK), just like Burlington Resources, could be
a takeover target, up $1.32.
Wal-Mart Stores (WMT) $0.60 gain.
ExxonMobil (XOM) up $0.36.
Tenth in big board volume Qwest Communications (Q) down $0.14.
Honeywell International (HON) up $0.34. The company is boosting its
annual dividend 10 percent from $0.82 1/2 to $0.90 3/4. The company says
all of its businesses are doing quite well.
Another Dow stocks, United Technologies (UTX) edged up $0.13, traded
as high as $56.11. Morgan Stanley upgraded it from "equal weight" to "over
weight," saying the company is not getting the recognition it deserves for
the aerospace up cycle which we`re in right now.
Franklin Resources (BEN) down $1.50. AG Edwards downgraded the stock
from "buy" to just a "hold" rating at the moment.
Viacom "A" (VIA) a $0.29 gain. First the company says it`s going to
buy back up to $3 billion of its own stock and then Viacom`s Paramount unit
is buying Dreamworks SKG for $1.6 billion in cash and the assumption of
debt.
Bradley Pharmaceuticals (BDY) tumbled $2.43 on news the company`s
Adoxa antibiotic is going to get some generic competition. Lannett Company
got FDA approval to make a generic equivalent and Lannett on the American
exchange was up $0.74 at $7.97 a share.
Bentley Pharmaceuticals (BNT) down $1.57. Raymond James financial
brokerage downgraded it from "market perform" to "under perform" on
valuation.
NASDAQ`s most active, Google (GOOG) up $3.41. CS First Boston boosted
its price target from $400 to $475 in the belief the momentum of online
advertising is accelerating.
Intel (INTC) $0.54 gain.
Followed by Microsoft (MSFT) down $0.26.
Apple Computer (AAPL) up $0.58.
Sirius Satellite Radio (SIRI) was fifth in dollar volume and down
$0.41 a share.
Cisco Systems (CSCO) a $0.03 drop there.
Oracle (ORCL) $0.34 gain.
Sandisk (SNDK) up $1.89. U.S. Supreme Court rejected an appeal by a
group of digital media manufacturers in a dispute over the company`s
patents.
Research in Motion (RIMM) down, up $1.10.
And $1.01 gain in Ebay (EBAY).
Finally, Myogen (MYOG) down or up $7.80. Late stage trials of the
company`s hypertension drug met the goals and its rival, Incisive (ph)
Pharmaceutical stock plunged $3.69, all the way down to $7.49 a share.
Those are the stocks in the news tonight.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
12/12/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10767.77 -10.81 - .1
HIGH 10811.71
LOW 10735.11
NASDAQ COMP. 2260.95 +4.22 +.2
HIGH 2266.14
LOW 2253.44
VOLUME 1,408.7
PREVIOUS 1,404.2
UP VOLUME 805.1
DOWN VOLUME 585.9
DOW TRANSPORTS 4090.70 -11.64 - .3
DOW UTILITIES 407.78 -2.04 - .5
CLOSING TICK +468
S&P 500 1260.43 +1.06 + .1
S&P 100 574.97 +.34 + .1
MIDCAP 400 745.22 +.68 + .1
REUTERS/CRB 333.70 +5.89 + 1.8
NYSE COMPOSITE 7790.99 +28.39 + .4
VALUE LINE 417.97 +.46 + .1
RUSSELL 2000 689.54 +.77 + .1
DJW 5000 12655.30 +14.48 + .1
U.S. TREASURIES
5-YEAR NOTE 4.50%
Nov. 15,2010 99 20/32 -4/32 4.46
10-YEAR NOTE 4.50%
Nov. 15,2015 99 19/32 -5/32 4.55
30-YEAR NOTE 5.375%
Feb. 15, 2031 109 3/32 -7/32 4.75
LEHMAN BROS.
LONG BOND INDEX 1738.93 -6.59
DOW CLOSE 10767.77 -10.81 - .1
ADVANCES 1806
DECLINES 1570
NEW HIGHS 192
NEW LOWS 95
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
PFE Pfizer 20.94 +.32 +1.6
TWX Time Warner 17.69 +.03 +.2
MRK Merck & Co 28.41 -.72 -2.5
NEM Newmont Mining 50.40 +.74 +1.5
COP ConocoPhillips 61.15 -1.92 -3.0
LU Lucent Tech 2.75 -.05 -1.8
CHK Chesapeake Energy 32.47 +1.32 +4.2
WMT Wal-Mart Stores 48.68 +.60 +1.3
XOM Exxon Mobil 58.86 +.36 +.6
Q Qwest Comm Intl 5.59 -.14 -2.4
NASDAQ CLOSE 2260.95 + 4.22 + .2
VOLUME 1,702.7
PREVIOUS 1,713.1
ADVANCES 1517
DECLINES 1551
NASDAQ ACTIVES
GOOG Google 412.61 +3.41 +.8
INTC Intel 26.62 +.54 +2.1
MSFT Microsoft 27.45 -.26 -.9
AAPL Apple Computer 74.91 +.58 +.8
SIRI Sirius Satellite 7.46 -.41 -5.2
CSCO Cisco Systems 17.52 -.03 -.2
ORCL Oracle 12.84 +.34 +2.7
SNDK SanDisk 51.12 +1.89 +3.8
RIMM Rsch In Motion 65.23 +1.10 +1.7
EBAY eBay 44.43 +1.01 +2.3
AMEX CLOSE 1764.56 + 8.24 + .5
INDEX SHARES
DIA DIAMONDS TRUST 107.72 -.02 -.0
QQQ NASDAQ 100 41.87 +.15 +.4
SPY S&P DEP.RECEIPTS 126.47 +.16 +.1
STOCKS IN THE NEWS
HON Honeywell Intl 36.05 +.34 +1.0
UTX United Tech 55.55 +.13 +.2
BEN Franklin Resources 96.40 -1.50 -1.5
VIA Viacom "A" 34.71 +.29 +.8
BDY Bradley Pharm 10.11 -2.43 -19.4
BNT Bentley Pharm 17.70 -1.57 -8.2
MYOG Myogen 27.07 +7.80 +40.5
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