- U.S. N E W S 08/26/02 - leibovitz, 26.08.2002, 08:28
U.S. N E W S 08/26/02
-->-Bush may not need approval from Congress for attack on Iraq (Washington Post)
-U.S. economy's recovery may falter if oil pries tip over the $30-a-barrel
threshold, WSJ Europe reported
-OPEC indicated that it would cover any shortfalls in oil production if the
U.S. goes to war with Iraq
-Investors pulled a record US$50 Bio out of U.S. equity funds last month (FT)
-Margin Debt falls to lowest level in nearly four years, Trimtabs reported
-The Boom Times for the hege funds may finally be ending, WSJ-Heard on the Str.
-Fewer employers expecting to add jobs in the 4th quarter, suggesting dim
hiring prospects, according to a closely watched employment survey (WSJ said)
-US Hotel Industry's Recovery will be delayed until 2004 by steep stock-market
declines and persistent fears about traveling, a PwC study shows (WSJ)
-Bank of America (BAC), with less investment-banking business than
competitors such as Citigroup, may benefit as the economy revovers (Barron's)
-Dell Computer (DELL)'s plans to sell more large computers, printers, hand-
held devices and unbranded PC's faces risks, the New York Times reported
-Gateway (GTW) today launches a new advertising campaign that breaks one of the
industry's unwritten taboos: making a head-to-head product comparison (WSJ)
-Qwest (Q)'s phone-book unit plans $1 Bio junk bond sale amid slump
-Viacom (VIA)'s CBS now eyes local television stations for turnaround (WSJ)
-GE Capital (GE) likely to buy 80% of ABB Ltd's Leasing & Financing portfolio
at a discount of 10% to the book value, a person close to GE said (WSJ)
-GM, Ford and DaimlerChrysler's 46,400 workers in Canada vote to strike
-TRW Inc (TRW) won $4.5 Bio Government Satellite contract, a blow to Lockheed
-Health Mgmnt (HMA)'s profit & shares may gain from acquis.strategy (Barron's)
-Generic-Drug makers plan Biotech Fight in US (WSJ reported)
-Hershey Foods (HSY): Nestle offers $11.5 Bio, or $82 a share, to buy
candymaker Hershey Foods, according to people familiar (USA Today reported)
-Hershey Foods (HSY): a potential sale of Hershey is causing a few board
members of the co's controling trust to waver in their support (WSJ said)
-Today's Analyst Meetings: PSFT

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