Endnotes
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
TRYING AGAIN
Qwest Communications International Inc., spurned in an attempt to buy MCI Inc., said it plans to submit a revised takeover offer.
– Bloomberg News
IMPROVEMENT
Jobless claims declined to 302,000 for the week ended February 12, the lowest since October 2000, from 304,000 the week before, the Labor Department said yesterday.
– Bloomberg News
PERFORMANCE
Stocks stumbled Thursday. The Dow Jones industrial average lost 80.62, or 0.74%, to 10,754.26. The broader gauges also fell. The Standard & Poor’s 500 index was down 9.59,or 0.79%, at 1,200.75.The Nasdaq composite index shed 26.09, or 1.25%, to 2,061.34.
– Bloomberg News
CHARGES
Bear Stearns, the sixth largest American securities firm, violated federal laws intended to protect investors when it helped brokers make illegal after-hours mutual-fund trades, the SEC has concluded.
– Bloomberg News
