Investor's Business Daily articles from January 2002

Investor's Business Daily archives from January 2002

New Rally Gives Hope For 2002.(A)(INVESTOR'S CORNER)
January 2, 2002... Byline: DAVID SAITO-CHUNG The year 2001 said goodbye to Cisco System's 11-year track record of hypergrowth as a public company. To Pets.com, Internet software firm NetObjects and Internet service provider Exodus Communications, rest in...

9-11, War, Downturn: Who'll Ever Forget? Year Lives In Infamy Don't overlook anthrax, tax cuts, Jeffords' exit and Fed's rescue effort.(A)
January 2, 2002... Byline: TERRY JONES By any common measure, 2001 was an awful year. It started with the aftermath of a botched presidential election. By midyear, the economy's slowdown had become a recession. Then there was that date: Sept. 11. A...

Calm After Storm? Not For Beltway Unfinished Business With election in Nov., 22 will doubtless see usual capital fireworks.(A)(NATIONAL ISSUE)
January 2, 2002... Byline: IBD'S WASHINGTON BUREAU No one knows where the U.S. will turn next in the war on terrorism. Strong action against Iraq or Somalia will likely dominate headlines in this new year. Congress and the White House also have other...

IBD'S TOP 10.(A)
January 2, 2002... Stocks End Year With More Losses 1Stocks closed 2001 on a sour note, with all three major market averages lower. The Nasdaq was hit hardest, sinking 1.9%. The Dow industrials and the S&P sank 1.1%. Volume rose, but was still low. Computer...

BUSINESS BRIEFS.(TO THE POINT)
January 2, 2002... TRANSPORTATION America West, rivals up on deal America West rose 1.03, or 42%, to 3.50 after the U.S. conditionally OK'd $380 mil in federal loan guarantees. US Airways rose 13%, and other ailing carriers climbed on expectations that...

BUSINESS BRIEFS.(TO THE POINT)
January 2, 2002... TELECOM AT&T to review CEO role, FT says Ma Bell may create a special committee to eye possible conflicts of interest by Chairman and CEO Michael Armstrong, The Financial Times said. Armstrong is slated to become chairman of AT&T...

BUSINESS BRIEFS.(TO THE POINT)
January 2, 2002... MARKETS First sign of profit recovery seen Q4 profit warnings are running below the torrid pace of prior quarters, First Call says. That raises hopes the stream of bad profit news may soon end. But First Call's Chuck Hill cautioned...

BUSINESS BRIEFS.(TO THE POINT)
January 2, 2002... RETAIL Retailers end Dec. on high note Federated Department Stores, parent of Macy's and Bloomingdale's, still sees Dec. same-store sales off 9%-9.5% from a year ago. Federated had forecast an 11%-14% drop. It credited strong...

THE ECONOMY.(TO THE POINT)
January 2, 2002... N.Y. economy poised for rebound The National Association of Purchasing Management-New York activity index rose to 252.3 in Dec. vs. 246.2 in Nov., ending a five-month slide. Post-attack layoffs have slowed. Tourists are returning,...

IN BRIEF.(TO THE POINT)
January 2, 2002... The SEC will bring its first enforcement actions soon in pro forma financial results reporting and Regulation FD, sources said. A U.S. court told EchoStar to keep carrying Disney-owned ABC Family. Disney feared the satellite TV firm was...

NATION.(TO THE POINT)
January 2, 2002... Rehnquist mad at judge vacancies Chief Justice William H. Rehnquist says unfilled judgeships are inexcusable now. In a time of terror attacks and threats, "The role of the courts becomes even more important in order to enforce the rule of...

WORLD.(TO THE POINT)
January 2, 2002... Russians attack Chechens, kill 73 Russian forces also took 20 prisoners in a major operation in the separatist republic. Two Russian servicemen held by Chechen rebels were freed. Both sides tend to exaggerate casualties. Chechnya, mostly...

Killed: Innocents, Innocence U.S. Entered New Age Identifying friends, foes became easier; however, missions ahead not easy.(WORLD WAR ON TERRORISM)
January 2, 2002... Byline: PETER BENESH On Sept. 11, America paid a high price for complacency. It will now pay with vigilance. Despite the quick U.S. military success in Afghanistan, the al-Qaida network survives in as many as 60 countries. Osama...

NEWS BRIEFS.(WORLD WAR ON TERRORISM)
January 2, 2002... Defendant Fights Terrorist Charge Jordanian lawyers defending a U.S.-born man charged with plotting attacks on U.S. targets on orders of Osama bin Laden accused prosecutors of exploiting the Sept. 11 attack. Raed Hijazi, 33, was charged...

Singer Johnny Mathis Tries For Perfection Sound Of Success: Chances are, his wonderful, wonderful timber makes his legion of listeners misty.(LEADERS & SUCCESS)
January 2, 2002... Byline: DAN MOREAU Singer Johnny Mathis loved athletics. His coaches at San Francisco State College saw him as their hope for an Olympic medal in the high jump. But Mathis knew he was equally good at singing. And that's where his real...

DON'T BE AFRAID TO INNOVATE From Hobby To Career.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
January 2, 2002... Byline: Linda Stockman-Vines 8 When Angel Munoz was a child, his father said to him: "When you go to a park, do you ever see a statue of a critic? It's the innovators who are recognized. Don't compromise your dreams because of what people...

Best CEOs Led With Vision Top 10 business leaders used ingenuity and innovation to meet 2001's challenges.(LEADERS & SUCCESS)
January 2, 2002... Byline: KEN HOOVER It was a rough year for business in 2001. A bear market reached its second year, consumer confidence sank and a worldwide recession hit. But many chief executives led their companies through the tough times with...

Techs Proved Wrecks Rallies Fizzled In 2001 But while earnings won't come close to estimates, some stocks up for year.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: JED GRAHAM To think that 2001 began on such a promising note. Starting on Jan. 3, tech investors, buoyed by the Federal Reserve's surprise 50 basis-point interest-rate cut, drove the Nasdaq up 600 points over three weeks,...

For New AOL,Rocky Year One Time Warner Marriage The big media properties forced to cut staff amid slow ad, subscriber growth.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: DOUG TSURUOKA The wedding was a long time in coming, but America Online and Time Warner joined hands on Jan. 11 after last-minute talks eased government doubts about the deal. The merger of the biggest online service and the...

HP-Compaq Sparks Fireworks Merger's Still A Pickle General feeling is Fiorina "went too far' in shaking things up, says analyst.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: MURRAY COLEMAN After surviving a miserable 2001, Hewlett-Packard Co. and Compaq Computer Corp. find themselves in the eye of a storm. Even if there's an economic rebound in 2002, the computer makers may not see clear skies soon....

PCs Are A Tough Sell For Nearly Everyone But Dell Consolidation Expected Some analysts wonder why so many companies stay in a market so unforgiving.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: PATRICK SEITZ Only Dell Computer Corp. has thrived during the downturn in personal computer sales, leading analysts to wonder why some PC vendors even stay in the business. Dell is making a profit on PC sales while major rivals...

Telecom Shakeout Is Nearing An End Bankruptcy Wave Ebbs But there's still no sense of what the telecom field will look like when it's over.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: REINHARDT KRAUSE The fierce storm that swept many phone companies into bankruptcy in 2001 may be letting up. But it's not over, say industry executives and analysts. Dark clouds still hover over the remaining upstarts that sell...

Weak Cellular Signal In 2001 First-Ever Drop In Sales The Internet was expected to give lift to cell phones, but forecasts too optimistic.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: SARAH Z. SLEEPER If 2001 sealed the coffin on irrational faith in all things Internet, it also blew away the myth of the twin tornado for cell phone sales in markets around the world. The myth goes like this: From 1998 until...

Microsoft Lawyers Should Stay Busy Back To Court In 2002 Company did settle two high-profile cases, but it faces other legal troubles.(INTERNET & TECHNOLOGY)
January 2, 2002... Byline: PATRICK SEITZ Microsoft Corp.'s legal problems aren't expected to end soon, despite settlements reached in two high-profile cases. The software company that Wall Street admires and rivals fear closed out 2001 with an amazing...

TRICON GLOBAL RESTAURANTS Louisville, Ky. Financial Plan Is Solid, So Focus Is On Service.(THE NEW AMERICA)
January 2, 2002... Byline: MARILYN ALVA It's been more than four years since Tricon Global Restaurants was spun off from PepsiCo Inc. as a separate company. In that time, a restructuring program made Tricon's earnings and margins more than double....

Diamonds In The Rough It Wasn't All Bad In '01 While many firms battled a weak economy, these four wound up winners.(THE NEW AMERICA)
January 2, 2002... Byline: STEVE WATKINS An economic recession put corporate earnings into a slump in 2001, and the Sept. 11 terrorist attack and ensuing war pretty much sealed the fate of most companies' bottom lines. But some firms were able to post...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
January 2, 2002... Key Fund Holdings / Copart was a top holding and AstroPower was a top new buy of Scudder 21st Century Growth Fund in the latest holding period. Copart's earnings rose 53% and 38% the past two quarters. The stock has an Earnings Per Share Rating...

Top Funds Off Beaten Paths Schroder Ultra Up 74% Hedge fund traits swept portfolio past average fund's 10% drop in '01.(MUTUAL FUNDS)
January 2, 2002... Byline: KEN HOOVER Most mutual fund investors would just as soon forget 2001, and so would most of the managers who run the funds. The average of 5,217 diversified U.S. funds was down 10.26% for the year through Dec. 28, according to...

Bush Gets A Lesson In Partisan Hardball.(ISSUES & INSIGHTS)(EDITORIALS)
January 2, 2002... The Year 2001: George W. Bush ran for president on the promise to "change the tone in Washington." Nobody, it seems, told his opponents. Bush hadn't even taken office when he got his first feel of the political hardball thrown in...

Sept. 11 Fallout: What Was Old Is New Again.(ISSUES & INSIGHTS)(VIEWPOINT)
January 2, 2002... Byline: DAVE SHIFLETT The year 2001 will forever be linked with another number -- 911 -- and no doubt some of our famed numerologists will release helpful explainers as to What It All Means. The Rev. Louis Farrakhan, who has wowed vast...

THE REAL MOST ACTIVE Dow, S&P End Year With More Losses.(B)
January 2, 2002... Byline: JONAH KERI NYSE stocks ended 2001 the way they spent much of the year - down. The Dow and S&P 500 each shed 1.1%. NYSE volume edged down slightly. For the year, the Dow slipped 7.1%, the S&P 13%. Fair Isaac slid 1.98 to 63.02...

THE REAL MOST ACTIVE Sellers Take Upper Hand On The Nasdaq.(B)
January 2, 2002... Byline: CHRISTINA WISE Nasdaq stocks closed the year with a loss Monday, with some of the heaviest selling coming during the session's final hour. The composite index finished down 1.9% for the day, bringing its loss for 2001 to 21.1%. ...

Global Imagining Claws Through Base.(B)(NASDAQ STOCKS IN THE NEWS)
January 2, 2002... Byline: Christina Wise Global Imaging Systems is working through an 18-week base and sits 23% short of its high. That consolidation is part of a larger base it began back in January 1999. The Florida-based firm provides imaging...

Share Buybacks Can Enhance A Stock.(A)(INVESTOR'S CORNER)
January 3, 2002... Byline: CHRISTINA WISE As you search for the best stocks, take note if a company buys back its own shares. It could be a sign of management's faith in its future. Corporate buybacks got plenty of media attention in the wake of the...

Euro Gets Thumbs Up In Trading And Stores As 12 Nations Switch Leaps 1.5% Against Dollar Objective is to facilitate [currency]-commerce in way that national money couldn't.(A)
January 3, 2002... Byline: DONALD H. GOLD Euro cash is here. On New Year's Day, Europeans made the last and biggest shift to adopting a pan-Continental currency. The euro debuted with 664 billion new euros in coins and bills. It's a new year and a new...

Elements Of Technology Upturn Appear To Be Falling Into Place Chip prices are higher, as are monthly orders; is there a new "killer ap'?(A)(ECONOMY IN PERSPECTIVE)
January 3, 2002... Byline: BRIAN DEAGON Here's the good news in technology -- at least according to Texas Instruments CEO Tom Engibous: "We now believe the third quarter was the low point for (chip) orders and the fourth quarter will set the floor for...

IBD'S TOP 10.(A)
January 3, 2002... Euro Starts Off With A Big Bang 1The debut of bills and coins went off with hardly a hitch. On Wednesday, the first business day of 2002, there were some reports of spot shortages. Currency traders boosted the euro 1.32 cents to 90.39...

AFTER THE CLOSE.(TO THE POINT)
January 3, 2002... MOTOROLA named Edward Breen president and COO. He ran General Instrument when Motorola bought it in Jan. '00. BLUE CROSS AND BLUE SHIELD of North Carolina filed with state officials to be a for-profit public firm as it seeks access to...

BUSINESS BRIEFS.(TO THE POINT)
January 3, 2002... ENERGY Congress turns up heat on Enron Another committee plans a probe of Enron's collapse. The Senate Governmental Affairs panel might look at links between the energy trader and the White House. The panel will subpoena documents next...

BUSINESS BRIEFS.(TO THE POINT)
January 3, 2002... TECHNOLOGY CIOs see tech spending up 3% Corporate IT spending will inch up in '02 as firms refocus on security in the wake of Sept. 11, a Merrill Lynch survey found. Last year tech spending slid 1%. At the start of '01, CIOs expected...

BUSINESS BRIEFS.(TO THE POINT)
January 3, 2002... MEDICAL Merck, Schering-Plough seek OK for experimental cholesterol drug Zetia is the first drug up for FDA OK from the firms' joint venture. Studies showed Zetia cuts "bad" LDL cholesterol by 18% when used alone. It lowers LDL...

BUSINESS BRIEFS.(TO THE POINT)
January 3, 2002... RETAIL Kmart falls 13% on downgrade Prudential Securities cut the ailing discount retailer to sell from hold. It cut Q4 '02 and fiscal '03 profit views. The broker said the firm may file for Chapter 11 if "trends do not improve."...

THE ECONOMY.(TO THE POINT)
January 3, 2002... ISI company survey index climbs International Strategy & Investment's index rose to 39.0 in the Dec. 28 week from 36.5 the week before. Retail and shipping lifted the index, while banking and autos weakened. "Retailers reported sales came...

IN BRIEF.(TO THE POINT)
January 3, 2002... Tyco Int'l denied the SEC is launching a new probe. SEC Insight speculated a probe is underway. Tyco fell 1.65, or 3%, to 57.25. Bank of New York will buy Credit Suisse First Boston's trading and research services unit Autranet for an...

NATION.(TO THE POINT)
January 3, 2002... Davis faces hits for power grab As he enters a tough re-election campaign, California Gov. Gray Davis is assuming unprecedented powers that have landed him in court with key legislators and civil libertarians. Davis, a Democrat, has...

WORLD.(TO THE POINT)
January 3, 2002... Israel insists on one week of calm Israel's prime minister wants the week before implementing a U.S. truce plan. This could put him at odds with a U.S. envoy who is returning to press for a formal cease-fire. Palestinians say the relative...

TRENDS & INNOVATIONS.(TO THE POINT)
January 3, 2002... Placebo aids depression in study Patients helped by placebos had a change in brain function just as those taking drugs, a UCLA study showed. Overall, 52% of those getting anti-depressants responded vs. 38% of those taking placebos. The...

TRENDS & INNOVATIONS.(TO THE POINT)
January 3, 2002... A new instant lie-detector test that picks up mini hot flushes around the eyes could lead to standard truth tests at airports, Mayo Clinic scientists said in Nature. Forming new memories as an adult may rely on the brain's ability to...

India Is Still Sounding Hawkish.(WORLD WAR ON TERRORISM)(NEWS BRIEFS)
January 3, 2002... India warned it's ready to use its military might to defend itself amid threats by Pakistan-based guerrillas. The two nations' foreign ministers met in Katmandu, Nepal, ahead of a regional summit. It was unclear if the meeting of Indian Foreign...

Taliban Intelligence Chief Killed.(WORLD WAR ON TERRORISM)(NEWS BRIEFS)
January 3, 2002... Reports indicate U.S. bombs killed the intelligence chief of the Taliban regime during the last week of December, a U.S. intelligence official said. "We think he's most likely dead," the official told Reuters. The death of Qari Ahmadullah was...

German Ships Join U.S. Patrols.(WORLD WAR ON TERRORISM)(NEWS BRIEFS)
January 3, 2002... Six navy ships joined the U.S.-led war on terrorism, setting off to patrol seas off the Horn of Africa in Germany's largest naval deployment since World War II. Two frigates and four support ships carrying 750 marines slipped out of the North...

13 More Bodies Pulled From Rubble.(WORLD WAR ON TERRORISM)(NEWS BRIEFS)
January 3, 2002... Ten firefighters and three civilians were pulled from the World Trade Center as crews opened up the lobby of one of the collapsed towers. "Those lower floors are now 30 feet below ground," said Tom Da Parma of the Uniformed Firefighters...

U.S. Attorney Finishing Interviews.(WORLD WAR ON TERRORISM)(NEWS BRIEFS)
January 3, 2002... U.S. officials hoped to finish interviewing hundreds of mostly Middle Eastern men in southeastern Michigan by Jan. 21, an assistant U.S. attorney said. As of Dec. 21, more than 160 had been completed. Officials sent letters to nearly 500 men in...

Ogilvy At A Glance.(LEADERS & SUCCESS)
January 3, 2002... Ogilvy At A Glance Born: 1911 in West Horsley, England. Died: 1999 in Touffou, France. Education: Christ Church College at Oxford University. Achievements: Founded Ogilvy & Mather, one of the world's largest advertising...

Doctor Defied Convention, Used Hypnosis Keep On Learning: Ernest Hilgard's willingness to take risks changed America's view of psychology.(LEADERS & SUCCESS)
January 3, 2002... Byline: GLORIA LAU As a scientist, Ernest Ropiequet Hilgard didn't just rely on theories and guesswork. Instead, he conducted experiments and carefully measured the results. It was that studied method that helped Hilgard change...

COMMUNICATE EFFECTIVELY Try Using Personal Touch.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
January 3, 2002... Byline: Cord Cooper 9 Want to market yourself memorably? Apply the personal touch -- and a little creativity. Whether you're a salesperson, travel agent or investment adviser, marketing is about getting noticed. The personal touch will...

David Ogilvy Built On Quality Innovate To Succeed: Stellar adman studied products, then unleashed creativity.(LEADERS & SUCCESS)
January 3, 2002... Byline: CURT SCHLEIER David Ogilvy had a simple formula for attracting new clients: Do good work for old ones. "The easiest way to get new clients is to do good advertising," Ogilvy wrote in his seminal work, "Ogilvy on Advertising."...

TECHBITS.(INTERNET & TECHNOLOGY)
January 3, 2002... Byline: Donna Howell Mirror, Mirror On The Screen Despite their great business uses, gadgets are still gadgets. Humans are still human. But these days, people are turning to handheld computers to see their own reflections and get...

Clearing Up Euro Confusion Multilingual Web site aims to inform about new currency.(INTERNET & TECHNOLOGY)
January 3, 2002... Byline: ANTONIO A. PRADO What would you do if the dollar were going to be replaced by another currency, and your trusted greenbacks would be no good within two months? Making things more complicated, the new money would have a...

Start-Up Has Visions Of A 3-D Future For The Net.(INTERNET & TECHNOLOGY)
January 3, 2002... Byline: JED GRAHAM Few Web events have created more buzz than Victoria Secret's fashion shows and the chess match between IBM Corp.'s Deep Blue supercomputer and Garry Kasparov. Now just imagine if those events were in 3-D. The...

As Corporations' Profits Dwindled Through 2001, IT Budgets Also Shrank Worst Year For IT Since 1975 There are signs that 2002 may be a little better for tech firms -- but not much.(INTERNET & TECHNOLOGY)
January 3, 2002... Byline: ANTONIO A. PRADO Spending on information technology, or IT, plunged in 2001 like never before as the economy slid into recession. Nearly half a million tech jobs were slashed in the process. The Commerce Department said...

If TiVo Succeeds, Will It Attract Many Suitors? Partners Include AT&T, Sony Company is the pioneer in letting TV audience pause, easily record shows.(INTERNET & TECHNOLOGY)(Q & A)
January 3, 2002... Byline: NICK TURNER Fast forward five years. Will TiVo Inc. still be an independent company? TiVo Chief Executive Michael Ramsay thinks so. He doesn't foresee the company getting swallowed up by one of the giants of computing or...

Qualcomm Says Next-Generation Wireless Is Closer Carriers Getting 3G Phones Third-generation services to include better video and connectivity to PCs.(INTERNET & TECHNOLOGY)
January 3, 2002... Byline: FROM REUTERS Qualcomm Inc. said on Wednesday that North American carriers running wireless networks based on the company's proprietary standard have begun receiving shipments of the next generation of high-speed phones and other...

New Browsers May Make It Worth It To Upgrade Or Switch.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
January 3, 2002... Byline: LYNN WALFORD Internet browsing software is constantly changing. The latest browsers -- Internet Explorer 6.0 and Netscape 6.2 -- offer more features than before. And if neither has what you're looking for, alternatives exist....

HEARTLAND EXPRESS INC. Coralville, Iowa Trucker's Steady Pace Drives Its Financial Growth.(THE NEW AMERICA)
January 3, 2002... Byline: KIRK SHINKLE Big rigs might not be the fastest things on the highway, but they get the job done. The same could be said of Heartland Express Inc. The trucking firm hasn't exactly burned up the earnings highway, though it has...

URBAN OUTFITTERS Philadelphia, Pennsylvania Retailer Widens Scope With Move Into 'Burbs New Mall Plan Set To Begin It'll face stiff competition, but analysts say unique merchandise will help.(THE NEW AMERICA)
January 3, 2002... Byline: MARILYN MUCH After catering to young city folk for decades, Urban Outfitters Inc. is eying the suburban crowd. The specialty retailer this year plans to test its first suburban mall-based Urban Outfitters store, management told...

ACTRADE FINANCIAL TECHNOLOGIES LTD. New York, New York Collection Firm Rebounds With New Product.(THE NEW AMERICA)
January 3, 2002... Byline: ALAN R. ELLIOTT This tightfisted year has made every last success story a hard-earned prize. One honorable mention goes to New York-based credit provider Actrade Financial Technologies Ltd. The story started with a...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
January 3, 2002... Key Fund Holdings / Idec Pharmaceuticals was a top holding of One Group Mid Cap Growth and Fidelity Mid Cap Stock funds in the latest reporting period. The company posted earnings growth of 67% and 60% the last two quarters. It has an Earnings...

Internet Funds Are On A Strong Run Has Sector Hit Bottom? Munder likes Doubleclick as well as TMP Worldwide; Amerindo favors Expedia.(MUTUAL FUNDS)
January 3, 2002... Byline: PAUL KATZEFF The Internet sector has been on a tear since the market's post-terrorist reopening. The market bottomed on Sept. 21. The S&P 500 index, for instance, hit 965.79. After that, the 23 surviving Internet funds gained...

Dogma At Eleven.(ISSUES & INSIGHTS)(EDITORIALS)
January 3, 2002... Media Bias: Perhaps no institution needs a New Year's resolution more than the elite press. Last year was again marked by its leftward bias. The Media Research Center, the watchdog of the dominant media, has published its 14th annual...

Congress' Punt.(ISSUES & INSIGHTS)(EDITORIALS)
January 3, 2002... Airport Security: Remember how a new breed of airport screeners was on the way because they all would be federal employees? Think again. You recall the arguments. House Republicans and the White House wanted to give the administration the...

A Union Folds: Vegas Workers Lose Jobs Over A Petty Dispute.(ISSUES & INSIGHTS)(BRAIN TRUST)
January 3, 2002... Byline: KERRI HOUSTON In the dark days after the attack on America, the weekend came to Las Vegas, but the tourists didn't. Occupancy rates in area hotels dropped as low as 20%, leaving resort operators with crippling revenue...

New Euro Currency Debuts Amid High Hopes, Big Fears.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
January 3, 2002... Byline: CHARLES OLIVER Say goodbye to the franc, lira and mark. Say hello to the euro. On Jan. 1, the European Economic and Monetary Union rolled out its new currency. Over the next two months, all currencies in the EMU's 12 member...

THE REAL MOST ACTIVE Late Rally Lifts NYSE Stocks To Late Gain.(MAKING MONEY)
January 3, 2002... Byline: JONAH KERI Early struggles turned into a positive session for NYSE stocks. The Dow rose 0.5%, the S&P 500 0.6%. NYSE volume picked up from Monday's slow pre-holiday session. Russ Berrie climbed 0.98 to 30.98 on more than four...

THE REAL MOST ACTIVE Nasdaq Logs Gain, But Losers Still Plentiful.(B)
January 3, 2002... Byline: Christina Wise The Nasdaq recouped its early losses to finish with a win Wednesday, helped by better-than-expected numbers in the manufacturing and chipmaking industries. The composite index climbed 1.5%. A number of computer...

Idec Pharmaceuticals, Seacoast Near Highs.(B)(NASDAQ STOCKS IN THE NEWS)
January 3, 2002... Byline: Christina Wise Idec Pharmaceuticals has worked its way back to within 9% of the top of the base it began back in December 2000. The San Diego-based drug maker's product line includes Rituxan, which is used to treat...

Know Key Sell Rules Now, Not Later.(A)(INVESTOR'S CORNER)
January 4, 2002... Byline: DAVID SAITO-CHUNG Why is selling right harder than buying correctly? Perhaps one word sums it up: emotions. The rules on finding and buying a high-quality stock are cut and dried. Make sure the market is in an uptrend. Seek...

Dec. Auto Sales Rise, But Automakers Face Woes As Deals Shrink GM Ends Its 0% Financing It sees $2,002 rebates as less costly, and hopes buyers understand them.(A)
January 4, 2002... Byline: IBD STAFF AND WIRE REPORTS Interest-free loans boosted auto sales last month, but with deals winding down, carmakers may find out soon how much future business they lost. GM said Thursday it's ending the 0% loans it used to...

Globalization Makes Recruiting A Multicultural Tongue Twister If you're hiring abroad or bring foreigners here, these tips will help out.(A)(MANAGING A SUCCESSFUL COMPANY)
January 4, 2002... Byline: JAMES DETAR Trying to hire or recruit from afar can be a headache. Whether you're shipping one of your own off for a post abroad or recruiting overseas, issues lurk. George Snider, president of private executive search firm...

IBD'S TOP 10.(A)
January 4, 2002... Jobless Claims And Layoffs Leap 1First-time claims for jobless benefits shot up 36,000 to 447,000 in the Dec. 29 week, more than expected. Continuing claims in the Dec. 22 week rose 42,000 to 3.715 mil, a sign job hunters are having...

AFTER THE CLOSE.(TO THE POINT)
January 4, 2002... AUTOZONE named Michael Archbold CFO, replacing Robert Hunt. STARBUCKS' Dec. same-store sales rose 3%. All sales rose 22%. J.D. EDWARDS named Robert Dutkowsky CEO. He replaces founder Edward McVaney. TYSON FOODS now sees 34-36 cents...

BUSINESS BRIEFS.(TO THE POINT)
January 4, 2002... TELECOM BellSouth expects big DSL growth The No. 3 U.S. local phone firm expects high-speed Net subscribers to nearly double to 1.1 mil in '02. It ended '01 with 620,500 DSL customers in 63 markets. BellSouth has been successful in...

BUSINESS BRIEFS.(TO THE POINT)
January 4, 2002... FINANCE GreenPoint cuts jobs, some loans The housing finance and banking firm will exit the risky business of lending to mobile-home buyers. GreenPoint will take a $663 mil charge and cut 400 jobs, or 9% of staff. Its Q4 profit will...

BUSINESS BRIEFS.(TO THE POINT)
January 4, 2002... CHEMICALS Dow Chemical warns on Q4 profit The No. 2 U.S. chemical firm will miss targets of 10-20 cents a share. It didn't give a new outlook. Analysts officially saw 13 cents, off 64%. But Dow rose 1.25, or 4%, to 35.44 as Wall Street...