Published: Friday, January 23, 2004 at 6:01 a.m.
Last Modified: Thursday, January 22, 2004 at 11:48 p.m.
Stocks dip as investors digest earnings data
Tech stocks lost momentum for a second day amid weakness in the telecommunications and chip sectors, while bargain-hunting investors snapped up shares of American Airlines parent AMR Corp. following several analyst upgrades.
The Dow Jones industrial average closed down 0.44, essentially flat, at 10,623.18, after shifting in and out of positive territory throughout the session. The broader gauges also closed lower. The Nasdaq composite index closed down 23.44, or 1.1 percent, at 2,119.01, while the Standard & Poor's 500 index lost 3.68, or 0.3 percent, to 1,143.94.
BellSouth posts jump in fourth-quarter profits
The Atlanta-based telecommunications company said Thursday it earned $787 million, or 43 cents a share, for the three months ending Dec. 31, compared to $574 million, or 31 cents a share, a year earlier.
Kodak plans to cut as many as 15,000 jobs
The job cuts, announced Thursday, will be made in Kodak's traditional film photography businesses and will take place over the next three years, bringing the company's total employment down to World War II-era levels of around 50,000.
AT&T Wireless looking at takeover bids
Stewart lawyer voices concerns over jurors
Attorney Robert Morvillo twice raised the issue with U.S. District Judge Miriam Goldman Cedarbaum this week between interviews of potential jurors, according to transcripts released Thursday.
''These jurors are coming in here. Many of them have written the same thing, thinking that she has been charged with criminal insider trading,'' Morvillo said Wednesday, according to a transcript released Thursday.
- Compiled from The Associated Press
Comments are currently unavailable on this article