-->-Dick Cheney rejected criticism of possible military action against Iraq,
saying Iraq probably possesses weapons of mass destruction (during mkt hours)

-SEC probably will adobt rules today reducing the time that executives have to
disclose stock trades to 2 days, from as many as 40 days on open-market trades

-The Senate Judiciary Committee will hold a hearing next month to examine
asbestos liability limits of firms such as Halliburton and Dow Chemicals


-A ruling due out today could put hefty dumping duties on several foreign
steelmakers, which would choke US supply & give US producers more protection

-A little-noticed provision of a pending congressional bankruptcy overhaul
opens the door for major Wall Street firms to do more work advising
companies during bankruptcy proceedings (WSJ - Heard on the Street)

-Salomon Smith Barney said it sent hot IPO's WorldCom's way (WSJ said)

-Intel (INTC)'s CEO Barrett said he's unsure whether the yearend holiday
season will boost demand for PC's and the semiconductors used in them,
expects modest growth in Q3 earnings vs Q2, spending by firms still down

-Global Server market shrank to $10.1 Bio (...growth sector???..) in 2Q02 from $11.6 Bio in 2Q01; IBM's market share grew to 29.6% from 28%, Sun Micro's share grew to 18.4% compared with 16.7% & HP's market share shrank to 24.7%, down from 27.4% (Gartner Gr.)

-Gemstar-TV Guide (GMSTE) delayed Q2 filing on litigation costs, may be
delisted by Nasdaq

-TRW Inc (TRW)) may sell automotive-parts business to two private-equity
firms for about $5 Bio this week (WSJ said)

-Boeing (BA) and its union of 25,000 machinists set for contract showdown

-ConAgra Foods (CAG): US investigates speed of recall by ConAgra (WSJ said)

-Home Depot (HD) to add $500 Mio in extra inventory to boost sales

-Target (TGT) sees August Same-Store-Sales slightly below 2%-4%

-Eli Lilly (LLY) won EU approval for Xigris Sepsis treatment (during mkt hours)

-MedImmune (MEDI) has provided U.S. FDA officials with information aimed at
answering questions that kept regulators from approving FluMist last month

-Today's Analyst Meetings: ALTR (mid-qtr update), CPWR

-Earnings due Today: HRB (-10c), HPQ 14c, MBG 52c, MRX 52c, TOL 64c