12/16/05: Google May Be Hooking Up With AOL
SUSIE GHARIB: There could soon be a high-speed
connection between Google and AOL. According to published reports tonight,
the Internet search engine is taking a stake in America Online. Those
reports say Google will pay $1 billion for 5 percent of AOL. Google would
promote AOL`s material in its search results and AOL would sell advertising
on those search results. A formal announcement could come as early as next
week, after a board meeting at Time Warner, AOL`s parent. Such a deal
would freeze out Microsoft, which had hoped to convince AOL to use its
search engine rather than Google`s. Both Google and Time Warner declined
comment.
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.
12/16/05: The Allure of Private For Public Companies
SUSIE GHARIB: As the year draws to a close on Wall Street, there`s a
trend emerging when it comes to public companies. Many of them are going
private. The price tag on public to private deals this year is more than
triple the last three years combined. Erika Miller looks at the factors
spurring the streak.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: For the past
year, fashion powerhouse Tommy Hilfiger has been struggling to turn around
its U.S. business and its stock price. In August, the company put itself
on the auction block with bids reportedly due today. If Tommy goes
private, it would join Linens `N Things, Neiman Marcus, 7-Eleven, Toys `R
Us and Hertz, just to name a few in doing so this year. Since January,
there have been 83 deals worth $97 billion. That dollar value is more than
the previous three years combined. Many companies want to escape the high
cost of complying with the Sarbanes-Oxley law.
DAVID WYSS, CHIEF ECONOMIST, STANDARD & POOR`S: Reporting
requirements have gotten stiffer since the passage of Sarbanes-Oxley. That
has imposed a lot of costs on public corporations that they can avoid by
taking themselves back private again.
MILLER: Going private can also give struggling businesses more
operational flexibility.
ROBERT WEIBLE, ATTORNEY, BAKER & HOSTETLER: There are decisions
you might make as the manager of a company that would benefit the company
and its shareholders in the longer term, that you probably won`t make
because of the near-term impact they`ll have on your earnings stream.
MILLER: The move from public to private almost always benefits
shareholders, since the buyout firms usually pay a hefty premium. Still,
there are some drawbacks.
WYSS: It can be more difficult for a private company to raise capital
than a public company. So if your company needs to expand, it is somewhat
restrictive.
MILLER: There can also be a loss of prestige in de-listing. In
addition, publicly traded stock can be used as a currency to make
acquisitions and for employee incentives. Experts say whether the public-
to-private trend continues depends on interest rates.
WEIBLE: If we don`t see rates creep up, I think the money that`s
still available - because there`s quite a lot of money still available to
the private equity funds -- I think that will continue to drive
transactions of this nature.
MILLER: Many of the companies going private could eventually go
public again. It`s not uncommon for buyout firms to turn around a business
then make even more money with an initial public offering. Erika Miller,
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.
12/16/05: The Impact of Immigration on American Business
PAUL KANGAS: There`s a battle brewing in Congress tonight over the issue
of immigration. Who should be allowed into the U.S. and on what terms has
a big impact on American business. As Darren Gersh reports, what lawmakers
decide will also have a big impact on the migrants themselves.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: 7:00 a.m., 26
degrees. Just a few miles from Capitol Hill, day laborers gather outside a
Washington, D.C., paint store. Almost all are in the country illegally,
drawn by the booming economy. So many men gather around hardware stores
and lumber yards in the area, that nearby Arlington County set up a site
where contractors can come to find day workers.
ANDRES TOBAR, SHIRLINGTON EMPLOYMENT AND EDUCATION CTR.: Employers who
are looking for workers can come and see and have a ready supply of labor
waiting and eager to go out to work.
GERSH: The supply of labor has become a national flash-point. The
House of Representatives voted to build another 700 miles of fence to seal
parts of the border with Mexico and is nearing a vote late tonight or
tomorrow to require employers to check the legal status of workers. Within
two years, the legislation would require employers to check Social Security
numbers against a government database. It would more than double the fines
on employers who fail to verify the legal status of each and every worker.
Supporters say it is time to get tough on illegal immigration.
REP. TOM TANCREDO (R) COLORADO: We are going up against economic
interests that are extremely powerful. We have actually said to them you
know what, we are going to put our nation`s security and the importance of
border security above all of these other issues.
GERSH: There are now 11 million men and women working illegally in
the United States. Many pick crops or build homes and offices. Without
them, employers say costs would rise and jobs would go unfilled.
STEPHEN SANDHERR, CEO, ASSOCIATED GENERAL CONTRACTORS OF AMERICA:
And if you slow down the construction industry, that`s going to delay
projects that people want -- getting roads built, bridges fixed, hospitals
renovated, schools built, et cetera.
GERSH: The Senate is expected to take up an immigration bill next
February that includes a guest worker program. Political analysts expect
immigration will play a key role in the upcoming congressional elections
perhaps deciding which party earns the loyalty of the growing Hispanic
vote. 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.
12/16/05: Cambodia's Plan To Read Its Way To Economic Success
SUSIE GHARIB: For poor countries, teaching citizens to
read and write can be the first steps on the road to a better economic
future. Take, for example, Cambodia, an Asian nation with a history of
chronic illiteracy. As Craig Leeson reports, now an effort is under way to
change that and some American groups are playing a major role.
CRAIG LEESON, NIGHTLY BUSINESSS REPORT CORRESPONDENT: Cycling
five kilometers to school is now a daily ritual for 12-year-old Ky Yen.
Thanks to an American non-government organization, her new bicycle is more
than just a convenience. It`s a vehicle to a regular education. Today is
her first encounter with modern technology. "I`ve only ever seen a
computer before on television," says Ky Yen. What may seem like an
ordinary event to children in the west is still quite extraordinary here in
Siam Reef .
TRANSLATION OF: KY YEN, STUDENT: They are all surprised. When they
see a high school like this, have a new computer, so I can can
-- can take a (INAUDIBLE)
LEESON: In Cambodia, a proper education is a luxury many cannot
afford. This country still bears the scars of the brutal Khmer Rouge
regime. The legacy of Pol Pot`s purge of teachers and books in the mid-70s
continues to haunt Cambodia`s educators. Illiteracy rates here remain
amongst the highest in Asia. The ministry of education estimates that
almost 60 percent of the population of Cambodia remains unable to read or
write.
EAM SHOTVITHIA, TEACHER: And this is due to the war that started
in 1920, under the Pol Pot regime, and then not many schools (INAUDIBLE)
teachers have been killed. And it created a tremendous problem on our
population.
LEESON: Such a high rate of illiteracy has had a profound effect on
Cambodia`s economy. Eighty percent of the country`s 30 million people are
subsistence farmers. Wild rice, rubber, corn, cashews and vegetables are
the staple crops. New export earners such as garments and tourism
require an educated workforce and a new generation of entrepreneurs.
POK THAN, SECRETARY OF STATE/EDUCATION: I think the government
has tried to rebuild the system by training more teachers, building more
schools, and getting more children to school.
LEESON: As well, it`s accepting more aid. In December last year,
official donors pledged $504 million U.S. dollars for this year alone.
American charity "Room to Read" is one such donor, recently opening a book
library and computer room in Siam Reef, a move former Microsoft executive
and charity head John Wood says is a stepping stone to economic recovery.
JOHN WOOD, FOUNDER, ROOM TO READ: Literacy rates are important
economic growth in the developing world and specifically, Cambodia, because
it`s the literate societies, the societies that educate their children that
have long-term sustainable economic growth. You can look at a Japan, a
Hong Kong, a Singapore, places with some of the highest GDP per person in
the world and that really is tied with the fact that for decades now,
they`ve had universal education for all children, regardless of their
economic circumstances.
LEESON: The Cambodian government now hopes that continued support
from American non-government organizations, the next decade will witness a
sea change in the country`s economic fortunes. Craig Leeson, NIGHTLY
BUSINESS REPORT, Cambodia.
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.
12/16/05: "Market Monitor"-James Stack of Investech Research
PAUL KANGAS: My guest market monitor this week is James Stack, president
of Investech Research based in White Fish, Montana. Jim, welcome back to
NIGHTLY BUSINESS REPORT. Great to see you.
JAMES STACK, PRESIDENT, INVESTECH RESEARCH: It`s great to be here
again, Paul.
KANGAS: Your recent market letter suggests the bull market is
losing steam and it`s time to become cautious. What factors are behind
your thinking here?
STACK: Well, Paul, this bull market is a little over three years
old. It`s already longer than the median life span of the bull markets of
the past 75 years. We`re starting to see unbalances develop that are
creating pressures on the Federal Reserve to possibly tighten interest
rates further than what Wall Street or Congress expect right now. It`s
those imbalances that are creating the risks.
KANGAS: How about the technical factors? I know you follow those,
advance, decline, things like that.
STACK: Our proprietary indicators in breadth and leadership are
still bullish but they`re much weaker than they were say six months or 12
months ago.
KANGAS: How much higher can we go considering current conditions?
STACK: I never try to forecast the market. I try to watch for
warning flags, watch market breadth, that is the participation, the number
of stocks hitting new 12-month lows. If that continues to increase past 100
or 200, those are the warning flags that will tell us that we`re possibly
past this bull market`s peak.
KANGAS: What sectors would you avoid at this stage?
STACK: A simple two-part strategy is one, build your defenses now
before you need it and secondly, start building cash. No home runs out
there. Go for the singles and doubles. Now, as far as building defenses,
the sectors to avoid would be those that are vulnerable to interest rates
or inflation, the consumer cyclical stocks, the financial stocks, the home
builder stocks, mortgage companies, stay completely away from those.
KANGAS: And what groups would you buy or own?
STACK: Late stage bull market sectors, those that tend to hold up
well later are the energy sector and that`s pulled back to more reasonable
levels now. But the energy sector, the health care tend to be more
impervious to market and economic cycles. In addition, consumer staples,
those things that people need to buy rather than what they want to buy.
KANGAS: What are your current percentage allocations between stocks
and cash?
STACK: Coming into this year, we were still very aggressively
bullish. We were over 85 percent invested. We`ve cut back to now to where
we are 40 percent in cash. This is our highest cash level in three and a
half years.
KANGAS: Just a brief answer, the Fed`s measured rat hikes close to
the ending?
STACK: Never underestimate the pressures on the Federal Reserve.
This is the critical point in the economic cycle where good economic news,
if it`s too good, can be bad for the stock market, because it leads to
ongoing rate hikes. The Fed`s announcement this week was not as bullish as
interpreted by the market. The Fed laid the groundwork. I think we have
more rate hikes ahead of us.
KANGAS: OK. On your last visit, August 5, you had three stock buy
recommendations. Let`s have a look and see how they fared since. Pepsico
(PEP)_has done well, up 10 percent and EnCana (ECA), that`s the natural gas
company up 9 percent, pretty respectable. I think you had one other
recommendation and that was Lab Corp. of America (LM), up 10.7, hey three
winners, no losers.
STACK: Considering the market averages were up barely 3 percent,
that looks pretty good.
KANGAS: It certainly does, I congratulate you.
STACK: Thank you, Paul.
KANGAS: Do you have any new recommendations Jim?
STACK: Yes. One that has to stay near the top of our list that
we`re still holding in our managed accounts is Pepsico. It has a gold-
plated balance sheet, $4.2 billion in cash and notes.
KANGAS: Strong chart.
STACK: Yeah and its earnings are growing at 12 percent a year for
the last five and 10 years.
KANGAS: We have less than a minute. We`ve got time for maybe one or
two more.
STACK: AFLAC (AFL), this is the quacking duck, one of the largest
life insurance and supplemental cancer insurance providers in Japan, less
than 10 percent of the market share here in the U.S. Again, 15 percent
earnings growth annual, low P/E of 15, a great value.
KANGAS: OK.
STACK: The last one, build your defenses now. Step
internationally. Try to avoid the upward pressure on interest rates here
in this country and the downward pressure on the dollar. The I-shares.
This is an exchange-trade fund that tracks the Morgan Stanley ---
KANGAS: The MSCI.
STACK: The Japan index. So as Japan does well, or the dollar
falls, that ---
KANGAS: Do you own these stocks personally?
STACK: They`re all in our managed accounts and in my own
portfolio.
I wouldn`t recommend them if they weren`t.
KANGAS: Very good Jim, thanks so much for being with us again.
STACK: Thank you Paul.
KANGAS: My guest, Jim Stack of Investech Research.
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.
12/16/05: "Commentary"-The Pay Back Plan
SUSIE GHARIB: Tonight`s commentator says it`s clear to him that a debt is
a debt. But that`s not so clear to others. Here`s Myron Kandel, founding
financial editor for CNN.
MYRON KANDEL, FOUNDING FINANCIAL EDITOR, CNN: When I was a student
at Columbia`s graduate school of journalism more years ago than I care to
admit, I need a loan to help pay my tuition. By today`s standards it was a
piddling sum, but it was important to me. Upon graduation, I received a
cash prize for doing well in libel law. The next day I cashed the check
and sent a money order to the school. I owed the money. I had the money.
I paid the debt. It never occurred to me not to do so.
I tell the story though to disclose my bias against those who
complain that Uncle Sam is withholding money from Social Security checks to
pay off long- standing student loans. I do know that some people leave
college and graduate schools burdened with huge debts. And I also know
that tuition and other costs have spiraled out of sight. But they
knowingly accepted government loans to help them get an education and they
agreed to pay them off. The staggering total of $33 billion in such loans
is now in default. That`s a disgrace.
Last week, the U.S. Supreme Court ruled that a 10-year time limit
on collecting some outstanding debt did not apply to student loans and so
Uncle Sam was entitled to tap even Social Security payments. The ruling
involved several complex legislative issues, but the bottom line is that an
obligation is an obligation and former students, especially those long out
of school, need to pay up. On the plus side, though, what about extending
the pay-off period? That could help. I`m Myron Kandel.
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.
12/16/05: "Paul Kangas' Stocks In The News"
PAUL KANGAS: Blue chip stocks were bolstered this morning by a drop in
oil below $59 a barrel and news of a potential leveraged $9 billion buyout
of Albertson`s. After two hours of trading, the Dow was up 51 points, but
the NASDAQ was down two. This afternoon, continuing weakness in the techs
pulled the blue chips lower, as did selling linked to the quadruple
witching expiration of futures and options. So the Dow closed down six
points at 10,875.59.
This week it rose twice, fell three times, but it gained 97 points
overall. The NASDAQ Composite lost eight points to 2252.48 today. It also
rose twice and fell three times this week for a loss of 4 1/4 points. The
Standard & Poor`s 500 was down 3.62 at 1267.32 today. Over in the bond
market, the 10-year note climbed 6/32 to par and 15/32, putting the yield
at 4.44 percent.
For the sixth consecutive trading session, Pfizer (PFE) topped the
active list today on 36 1/4 million shares, down $0.21. But after hours,
the stock jumped over $2 a share after a Federal judge upheld two patents
coverings its blockbuster cholesterol drug Lipitor. That ruling bars any
generic competition until 2011.
Time Warner (TWX) up $0.16. You heard the story about Google being
interested in AOL.
General Electric (GE) $0.06 gain.
$0.27 rise in Citigroup (C).
ExxonMobil (XOM) down $1.43 on those lower oil prices.
Lucent Technology (LU) a $0.02.
Motorola (MOT) down $0.41.
Sprint Nextel (S) $0.37 loss.
Qwest Communications (Q) moved up a dime.
Procter & Gamble (PG), tenth in volume down $0.88.
United Technologies (UTX) edged up $0.43. CIBC World Markets
brokerage upgraded it from "sector perform" to "out perform" on the
company`s improved growth potential for next year - nice, the stock was a
little higher during the day.
Carnival Corp (CCL) down $2.19. Fourth quarter earnings were up 20
percent to $0.43 versus last year`s $0.36, $0.02 better than the Street
expected, but the company predicting first quarter earnings of $0.34 to
$0.36, well below the Street estimate of $0.45 a share.
Albertson`s Inc (ABS) up $0.34. "Wall Street Journal" today said the
company is set to be sold to an investment group including Cerberus
Capital, Kimco Realty and SuperValue and the bids will be around $9.6
billion. That works out to roughly $26 a share.
Fresh del Monte Produce (FDP) up $1.85. Thedeal.com on the Internet
reported the company`s also on the auction block and could fetch $1.8
billion.
Darden Restaurants (DR) did well, up $4.01. Second quarter earnings
$0.35 up from $0.26, $0.04 better than the Street expected. Revenues up 7.8
percent. Company predicting a 15 to 20 percent earnings growth next year.
American Italian Pasta (PLB) up $1.77. The company got a non-compliant
waiver from its bank group for certain loan agreements and Wachovia
securities upgraded the stock from "under perform" to "market perform."
RadioShack (RSH) down $1.53. The company warned that it`s not likely
to achieve its target for earnings this year of $2.14 to $2.24 per share.
Par Pharmaceutical (PRX) up $2.79. The company has been assigned
Ivax`s U.S. distribution rights for various antibiotics. The company
said it will add about $0.30 to 2006 earnings.
ITT Industries up $4.05. The company will divest itself of the
switches business. It`s boosting its annual dividend from $0.72 to $0.88 a
share, also declared a two for one stock split, nice combination.
Google (GOOG) up $7.62 on that news with Time Warner.
Oracle (ORCL) a $0.14 loss.
$0.02 drop in Microsoft (MSFT).
Intel (INTC) down $0.20.
And Apple Computer (AAPL) off $1.07.
Adobe Systems (ADBE) up $3.89. Four quarter earnings jumped to $0.31
from $0.23 a year ago. Sales were up 19 percent and the company has an
upbeat outlook for next year.
Cisco Systems (CSCO) $0.24 drop.
$0.79 drop in Qualcomm (QCOM).
Amgen (AMGN) off $1.45.
But Sandisk (SNDK) was up $1.84.
Animas Corporation (PUMP) up $5.83, nice move there. The company makes
insulin pumps for diabetics and Johnson & Johnson will acquire it for
$24.50 a share in cash.
OraSure Tech (OSUR) down $2.91. The company halted use of its HIV
test kit because it has given inaccurate readings.
And finally Spansion (SPEN) went public today. It was a part of
Advanced Micro Devices, 42 million shares offered at $12 and the stock did
well on its first day of trading, up $1.55.
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.
12/16/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10875.59 -6.08 - .1
HIGH 10940.34
LOW 10869.27
NASDAQ COMP. 2252.48 -8.15 -.4
HIGH 2263.89
LOW 2251.67
VOLUME 2,090.3
PREVIOUS 1,612.5
UP VOLUME 1,008.5
DOWN VOLUME 1,051.6
DOW TRANSPORTS 4142.49 -3.28 - .1
DOW UTILITIES 417.82 -.07 - .0
CLOSING TICK +216
S&P 500 1267.32 -3.62 - .3
S&P 100 579.08 -1.77 - .3
MIDCAP 400 742.16 -3.83 - .5
REUTERS/CRB 326.36 -2.25 - .7
NYSE COMPOSITE 7814.00 -1.71 - .0
VALUE LINE 416.46 -.97 - .2
RUSSELL 2000 683.09 -1.65 - .2
DJW 5000 12688.71 -35.77 - .3
U.S. TREASURIES
5-YEAR NOTE 4.375%
Dec. 15,2010 100 3/32 +3/32 4.35
10-YEAR NOTE 4.50%
Nov. 15,2015 100 16/32 +7/32 4.44
30-YEAR NOTE 5.375%
Feb. 15, 2031 110 25/32 +11/32 4.65
LEHMAN BROS.
LONG BOND INDEX 1755.19 + .87
DOW CLOSE 10875.59 -6.08 - .1
ADVANCES 1615
DECLINES 1724
NEW HIGHS 142
NEW LOWS 77
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
PFE Pfizer 22.58 -.21 -.9
TWX Time Warner 18.00 +.16 +.9
GE General Electric 36.06 +.06 +.2
C Citigroup 49.37 +.27 +.6
XOM Exxon Mobil 58.06 -1.43 -2.4
LU Lucent Tech 2.83 +.02 +.7
MOT Motorola 22.41 -.41 -1.8
S Sprint Nextel 24.53 -.37 -1.5
Q Qwest Comms Intl 5.92 +.10 +1.7
PG Procter & Gamble 58.11 -.88 -1.5
NASDAQ CLOSE 2252.48 - 8.15 - .4
VOLUME 2,562.2
PREVIOUS 1,819.8
ADVANCES 1384
DECLINES 1657
NASDAQ ACTIVES
GOOG Google 430.15 +7.62 +1.8
ORCL Oracle 12.69 -.14 -1.1
MSFT Microsoft 26.90 -.02 -.1
INTC Intel 26.38 -.20 -.8
AAPL Apple Computer 71.11 -1.07 -1.5
ADBE Adobe Systems 38.82 +3.89 +11.1
CSCO Cisco Systems 17.52 -.24 -1.4
QCOM Qualcomm 44.95 -.79 -1.7
AMGN Amgen 78.99 -1.45 -1.8
SNDK SanDisk 58.04 +1.84 +3.3
AMEX CLOSE 1760.98 - 2.27 - .1
INDEX SHARES
DIA DIAMONDS TRUST 108.51 -.04 -.0
QQQ NASDAQ 100 41.58 -.29 -.7
SPY S&P DEP.RECEIPTS 126.36 -.39 -.3
STOCKS IN THE NEWS
UTX United Tech 58.03 +.43 +.8
CCL Carnival Corp 52.65 -2.19 -4.0
ABS Albertson's 24.33 +.34 +1.4
FDP Fresh Del Monte 24.54 +1.85 +8.2
DRI Darden Restaurant 38.81 +4.01 +11.5
PLB American Italian 7.60 +1.77 +30.4
RSH RadioShack 22.19 -1.53 -6.5
PRX Par Pharmaceutical 32.45 +2.79 +9.4
ITT ITT Industries 101.87 +4.05 +4.1
PUMP Animas 24.03 +5.83 +32.0
OSUR OraSure Tech 8.46 -2.91 -25.6
SPSN Spansion 13.55 +1.55 +12.9
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