Investor's Business Daily articles from June 2001

Investor's Business Daily archives from June 2001

Magazine Covers Can Serve As Sell Signal.(A)(INVESTOR'S CORNER)
June 29, 2001... Byline: David Saito-Chung How do you know when a market-climbing giant has reached the end of its rope? Sometimes, all you need is a magazine cover. Big-name weeklies often dress up their covers with a close-up photo of the CEO of a...

Whole Foods Vs. Wild Oats Markets: A Study In Culture, Vision, Execution.(A)(MANAGING THE SUCCESSFUL COMPANY)
June 29, 2001... Byline: Marilyn Alva As the No. 2 natural foods retailer, Wild Oats Markets had a lot to be proud of. With more than 100 stores in 1999, it was catching up to market leader Whole Foods Market. Wall Street was won over, too. Its...

IBD'S TOP 10.(A)
June 29, 2001... Court Reverses Breakup, But Microsoft Not In Clear 1An appeals court unanimously ruled the world's biggest software developer violated antitrust laws, but said the trial judge engaged in "serious judicial misconduct" by making...

AFTER THE CLOSE.(TO THE POINT)
June 29, 2001... CREDIT SUISSE FIRST BOSTON said it's under federal investigation over IPO commissions in 1999 and 2000. CSFB said several other brokerages are being probed. EDISON INTERNATIONAL will sell its Edison Select unit to Tyco International to...

BUSINESS NEWS.(TO THE POINT)
June 29, 2001... TELECOM GEAR Lucent touts fiber-optic discovery Lucent Technologies scientists found a single fiber-optic strand can transmit 10 times more data than previously thought. The scientists transmitted 100 terabits of data, or roughly 20...

BUSINESS NEWS.(TO THE POINT)
June 29, 2001... MEDICAL Schering expects flat second qtr, but raises estimate by two cents The U.S. drug maker now sees profit of 43 cents a share, the same as last year. That's a little above lowered views of 41 cents. Schering-Plough has...

BUSINESS NEWS.(TO THE POINT)
June 29, 2001... MARKETS Stock funds got $17.3 bil in May It was the second straight gain for equity mutual funds, the Investment Company Institute said. May net inflows were a little lower than April's revised $19.2 billion. Those gains followed...

THE ECONOMY.(TO THE POINT)
June 29, 2001... Two help-wanted indexes decline The Conference Board's Help-Wanted Index fell to 60 in May from April's 65. That's the fifth straight monthly drop, and compares to a reading of 82 a year ago. Regional components suggest much of the...

TRENDS & INNOVATIONS.(TO THE POINT)
June 29, 2001... Vegetarians may have a lower risk of heart disease and bowel cancer than meat and fish eaters due to the salicylic acid in veggies and fruits, Scottish scientists said. AIDS could kill as many as seven million South Africans by the end...

TRENDS & INNOVATIONS.(TO THE POINT)
June 29, 2001... Median marriage age rises 4 years The first-marriage age for women jumped 4.3 years to 25.1 years between 1970 and 2000. For men, the increase was 3.6 years to 26.8, the Census Bureau said. Delaying marriages has increased the size of the...

WASHINGTON.(TO THE POINT)
June 29, 2001... Court punts on regulatory taking of private property; justices split The Supreme Court ruled against a Rhode Island man whose 40-year struggle to develop his coastal marshland became a rallying cry for conservatives angry over...

THE WORLD.(TO THE POINT)
June 29, 2001... French court backs extradition of suspect in abortionist slaying The three-judge panel in Rennes said it was recommending extradition of James Charles Kopp only on the condition that "the death penalty will not be requested,...

9. Changing Others' Attitudes.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 29, 2001... Byline: Cord Cooper You can influence and often control the attitudes of others by displaying the attitude you want them to adopt. When you're interacting with someone, you're influencing that person's reactions and even his mood,...

Architect Sir Christopher Wren Drive To Improve Brought His Buildings To The World's Attention.(LEADERS & SUCCESS)
June 29, 2001... Byline: Nancy Gondo For Sir Christopher Wren, success meant improvement. Wren didn't set out to become an architect. Yet his diligent research and drive to find better ways to complete tasks helped Wren (1632-1723) become one of the...

Tennis Champ Jennifer Capriati Fierce Determination Brought Her Back To The Top.(LEADERS & SUCCESS)
June 29, 2001... Byline: Michael Richman To be a champion, one must think like a champion. Just ask Jennifer Capriati. "I walk on the court now and really believe it's my territory," Capriati said. "I know I can compete against anybody, I know I can...

Wisdom To Live By . . .(LEADERS & SUCCESS)
June 29, 2001... ON COMMON SENSE A rather important contemporary problem: There are too many unintelligent intellectuals. Walter Hoving, retail executive ON KNOWLEDGE Knowledge -- full, unfettered knowledge of its own heritage, of...

TECHBITS.(INTERNET & TECHNOLOGY)
June 29, 2001... Byline: Patrick Seitz Broadcom's New Processor Has Room For 5,000 Networking companies are having a tough time of it. Despite this, semiconductor maker Broadcom Corp. is out there swinging. It's rolling out a new networking chip...

STORAGE OVER INTERNET PROTOCOL IBM And Intel Get Behind New Software Technology.(INTERNET & TECHNOLOGY)
June 29, 2001... Byline: Brian Deagon IBM Corp. and Intel Corp. this week said they support a new plan to give away software code that makes it easier to build storage networks that use the Internet's basic communications protocol. It's part of a...

ANTITRUST CASE Microsoft Breakup On Hold For Now, Federal Court Says.(INTERNET & TECHNOLOGY)
June 29, 2001... Byline: Patrick Seitz Microsoft Corp. isn't out of the woods yet. The U.S. Court of Appeals for the District of Columbia Circuit Thursday reversed a lower court's order to split the software giant into two companies. But the...

ONLINE RETAIL Analysts Seeing A New Amazon Many now say the company's on track for an operating profit by year-end.(INTERNET & TECHNOLOGY)
June 29, 2001... Byline: Pete Barlas A year ago, financial analysts didn't mince words about Amazon.com Inc. It would be two to three years before the online retailer could even hope to post a profit, they said. Some predicted that red ink would...

Nishan CEO Says Storage Over IP Should Kick In This Year.(INTERNET & TECHNOLOGY)(Q & A)
June 29, 2001... Byline: Brian Deagon Is the data storage industry on the verge of a new evolutionary step? Many think so, and it's called storage over Internet Protocol. If it works, storage networks will be built to run on the Internet's basic...

RealNetworks And Symbian To Roll Out Wireless Software.(INTERNET & TECHNOLOGY)
June 29, 2001... SEATTLE (Reuters) - RealNetworks Inc. on Thursday rolled out a version of its software for wireless telephones using the Symbian operating system, marking another step by the Internet media company to stake a claim on the mobile media...

Trading Away The Old Way Of Investing.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Paul Katzeff Robert Gaines is the tip of the iceberg. Investing since the 1980s, a year ago he began to wean himself from brokers for advice and transaction services. Already, he finds himself self-reliant. Now the...

ONEOK INC. /Tulsa, Oklahoma Energy Firm In Hot Water With State Officials.(THE NEW AMERICA)(NEW AMERICA REVISITED)
June 29, 2001... Byline: -- Robin M. Grugal -- Marilyn Much -- Robin M. Grugal Oneok Inc. (New America, April 16) is in hot water with Oklahoma officials. The firm's Oklahoma Natural Gas Co. unit, or ONG, is being investigated for the timing and...

AMERISOURCE HEALTH CORP. /Chesterbrook, Pa. Merger Of Distributors Is Likely To Shift Power.(THE NEW AMERICA)
June 29, 2001... Byline: Chris Woodard No one likes to place fourth in a footrace, and AmeriSource Health Corp. is no exception. So the nation's fourth-largest drug distributor plans to merge with No. 3-ranked Bergen Brunswig Corp. -- a combination...

TROY FINANCIAL CORP. /Troy, New York Music Upstairs; Below, The Clang Of Commerce.(THE NEW AMERICA)
June 29, 2001... Byline: Steve Watkins Not many banks run their home office out of a concert hall. Troy Financial Corp. has done just that for more than a century. Founded in 1823, Troy Savings Bank decided to move to a new building in 1870. It built...

IBD'S 20 RULES FOR INVESTMENT SUCCESS.(THE SMART INVESTOR)
June 29, 2001... A VITAL POINT IS THESE RULES are not based on our personal opinion, our beliefs or those of Wall Street's analysts and experts. Investor's Business Daily built models of the most successful stocks and investors of the last half-century. We...

24 ESSENTIAL LESSONS First Rule Of Investing: Cutting Losses.(THE SMART INVESTOR)(24 ESSENTIAL LESSONS)
June 29, 2001... BEFORE FOUNDING INVESTOR'S BUSINESS DAILY IN 1984, Bill O'Neil already had 25 years of experience in the market as an individual investor, stockbroker, investment adviser and owner of a securities brokerage and research firm. His career...

No Time, No Problem.(THE SMART INVESTOR)
June 29, 2001... In just 15 minutes a day, IBD keeps you on top of the market. Scan "Internet & Technology" and "The New America" for promising companies. Then turn to the NYSE and Nasdaq "Where The Big Money's Flowing." Focus on the boldfaced market-leading...

INVESTORS.COM CORNER.(THE SMART INVESTOR)
June 29, 2001... A good stock doesn't have to be hard to find. Just start with the best prospects. "Screen Of The Day" helps investors cull the market. Subscribers will find it at investors.com under "IBD Power Tools." Using Investor's Business Daily's...

IBD INVESTOR PROFILE Early Fascination With Stocks Turns Into Professional Passion.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
June 29, 2001... Byline: Ken Hoover Tim Truebenbach turned his high school fascination with the stock market into a budding career as a money manager. He's 27 years old and manages a $500,000 hedge fund. He also has nine managed accounts totaling...

NYSE Stocks In The News.(A)
June 29, 2001... Byline: Christina Wise After a great run in the late 1990s, Biovail fell into a base last November. It broke out in late January and managed to climb to a new high over the next month. But in early March, the stock endured a nasty...

This Teen Wastes Little Time Getting Into The Market.(IBD SPECIAL REPORT)(THE NEW INVESTOR)
June 29, 2001... Byline: Dan Moreau The name of 18-year-old Abbie Wright is lettered neatly in the corner of a Stein Roe Young Investor Fund Prospectus, along with the date: 8/14/98. It's the paperwork attached to a mutual fund purchased for her by her...

Feet Are On The Ground, But She's Still Coasting.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Marilyn Alva With a thriving law practice in Fort Lauderdale, Fla., a fabulous house on the Intracoastal Waterway and a new power boat docked out front, Jo Ann Hoffman has come a long way from Indiana. But when it comes to...

TWO CHEERS FOR THE RULING.(ISSUES & INSIGHTS)(EDITORIALS)
June 29, 2001... Confirming that some sanity remains in our justice system, an appeals court has reversed the breakup of Microsoft. It's also scolded the judge for his biased conduct during the trial. It's a good ruling, but not a great one. Thursday's...

THE NEW SMOOT-HAWLEYS?(ISSUES & INSIGHTS)(EDITORIALS)
June 29, 2001... Free trade is under siege. The consensus that more open borders create greater wealth and social progress is slipping away, if the latest congressional actions are any guide. Politics is prevailing. The data are clear: Over time, free...

A GOOD MAN, A GOOD MESSAGE.(ISSUES & INSIGHTS)(EDITORIALS)
June 29, 2001... It didn't matter what Jack Lemmon did. We all could see a little bit of ourselves in his performances. On both the small and big screens, his regular-guy characters made him uniquely American. Dying of cancer Wednesday night, he will be...

LETTERS.(ISSUES & INSIGHTS)
June 29, 2001... Crying Foul Over Fair There you go again. Whenever IBD states an editorial opinion on a political controversy, I've noticed that the copy almost always says: "To be fair..." or "In all fairness..." In my opinion, it is not "fair"...

Do Analysts Judge Stocks Fairly? Congress Probes Wall Street Bias.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
June 29, 2001... Byline: Joseph Guinto Saul Cohen isn't going to be subtle about this. The securities law partner with Proskauer Rose in New York is bothered by the way some brokerage firms are doing business. He believes many stock analysts favor...

As Bear Keeps Clawing, More Traders Stay Clear.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Ken Hoover A nasty yearlong bear market has cooled investors' appetite for stocks. It's going to take another bull market to get them involved again. By any of several measures, 2000 was the most volatile year in decades. A...

Some Traders Are Making Hay By Day.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Peter McKenna When you day-trade, you sit at a computer and put your hard-earned money at risk day after day, hour after hour, minute after minute. What kind of person would engage in such strange behavior? "It's hard to...

Heading To Harvard And Watching Stocks Earn High Grades.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: David Saito-Chung It's never too late to learn how to use IBD, find terrific stocks and profit from them. Daniel Ramsey thinks it's never too early either. By reading the paper and checking its Web site at investors.com,...

Trying To Find A Mutual Fund Comfort Level.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Dan Moreau Not every investor starts with stocks. Many find they don't have the time or the tolerance for risk to buy individual stocks. They can still be in the market, of course, with stock mutual funds. Stock mutual funds...

Investment Clubs Hang In There Despite Dangling Market.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Nancy Gondo Like most things, Wall Street can be especially exciting when the market's going up. The fun often grinds to a halt as soon as there's a prolonged decline or flat patch. So it's not surprising that many investors...

Clicking Onto Financial Sites That Add Up.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Claire Mencke Some Internet investment sites are useful. Below, we've selected a few that have something extra to offer. All are publicly available and free, except as noted. Investors.com, IBD's Web site, offers valuable...

Trying To Map Out A Profitable Direction Right Now.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
June 29, 2001... Byline: Claire Mencke When investors think about what strategy to use, they often begin with goals, time horizons and risk. They should also focus on the market itself. Where is the market directing investors today? You might...

Seligman Family Buys EDS, Sabre, CSG Systems.(FUNDS & PERSONAL FINANCE)(ALL IN THE FAMILY)
June 29, 2001... Byline: Peter McKenna Managers at Seligman Group took big stakes in the Computer-Services and Computer Software-Enterprise sectors in the first quarter. The Computer-Services sector ranks 70th out of 197 IBD industry groups. The...

KEY FUND HOLDINGS.(FUNDS & PERSONAL FINANCE)
June 29, 2001... Key Fund Holdings / Ameripath, the medical services company, was a top new buy of Wastach Small Cap Growth Fund as of the latest reporting period. The stock's previous peak was 29.59 on May 18. It broke through that on Thursday, hitting...

New Tax Rates Create Planning Opportunities If you're negotiating deferred pay, push back income to future years.(FUNDS & PERSONAL FINANCE)(TAXES)
June 29, 2001... Byline: Stuart Weiss The new tax law phases in gradually. Many rule changes don't take full effect until 2006. Still, as soon as this year you can do some things to save money. A key change is that tax rates were sliced, retroactive...

The Real Most Active - NASDAQ.(B)
June 29, 2001... Byline: IBD Staff The Nasdaq had its best day in three weeks, rising 2.4% on sharply heavier volume Thursday. The Nasdaq 100 rallied 3%. Microsoft made the biggest headlines, gaining 1.60 to 72.74 on volume much higher than its...

Where The Big Money's Flowing - NASDAQ.(B)
June 29, 2001... 7982B24.50I P C Hldgs IPCR24.46+1.22445+994 9798D25.50PEC Sltns PECS19.70+2.442,145+884 9277B39.00Logitech LOGIY32.18+1.93193+791 3097A61.50F5Netwrks oFFIV18.30+0.613,474+463 6789A23.45QuintilesTr oQTRN25.62+2.396,244+333 ...

NASDAQ Stocks In The News.(B)
June 29, 2001... Byline: David Saito-Chung Dianon Systems roared higher on very strong trade Thursday. The stock has been basing since September, and is 8% off its high of 47.50. The stock has had repeated trouble getting past the 45 to 47 level. Its...

Rebounds In Weak Trade Often Spell Trouble.(A)(INVESTOR'S CORNER)
June 28, 2001... Byline: Christina Wise A stock's price movements are what ultimately put a profit in your pocket. Yet volume action also gives crucial insight into the collective psyche of its investors. A good stock not only chalks up big point...

Fed Trims Rates Another 1/4 Point, Leaves Room If Weakness Persists.(A)
June 28, 2001... Byline: Donald H. Gold The Federal Reserve took the gradualist route Wednesday and cut the fed funds target rate a quarter-point to 3.75% after a two-day policy meeting. But the Fed also suggested it's ready to cut rates again. ...

IBD'S TOP 10.(A)
June 28, 2001... Fed Cuts Rates 1/4 Point, Could Again If Necessary 1That put the fed funds target rate at 3.75%, a seven-year low. The Federal Reserve also cut the discount rate 1/4 point to 3.25%. Banks followed by cutting their prime rate 1/4...

AFTER THE CLOSE.(TO THE POINT)
June 28, 2001... ALTERA still expects to meet second-quarter views of 9 cents a share, down 64%. Sales should fall 37%. The specialty chip maker will cut 152 jobs, or 7% of its staff. The news follows a Tuesday warning by rival Xilinx. STATE AUTO...

BUSINESS NEWS.(TO THE POINT)
June 28, 2001... TELECOM GEAR Sprint, Lucent, Nortel ink deals Sprint PCS, Sprint's wireless services unit, signed two 3G gear deals worth $1 billion each. Under the three-year agreements, Lucent and Nortel will help Sprint PCS expand its...

BUSINESS NEWS.(TO THE POINT)
June 28, 2001... CONSUMER Tyson to buy IBP with cash, stock The poultry giant will buy the beef processor under the original terms. Tyson will buy half of IBP's shares for $30 a share cash via a tender offer. It'll buy the rest, exchanging 2.381...

BUSINESS NEWS.(TO THE POINT)
June 28, 2001... MARKETS Mid-cap stocks offer size, speed Quality stocks with market values of $1 billion to $10 billion have been among the top performers in recent months. Mid caps are big enough to have a track record and institutional support,...

THE ECONOMY.(TO THE POINT)
June 28, 2001... EU castigates four members for tax cuts, spending increases The EU's Executive Commission criticized Germany, France, Italy and Portugal for failing to take sufficient action to reduce their deficits. "While member states are slowly...

TRENDS & INNOVATIONS.(TO THE POINT)
June 28, 2001... A simple 40-day treatment that cures type 1, or juvenile, diabetes in lab mice might offer hope for diabetics, Massachusetts scientists reported in the Journal of Clinical Investigation. Experts urged governments at the Global Conference...

TRENDS & INNOVATIONS.(TO THE POINT)
June 28, 2001... E-commerce helps health care sector Web marketplaces could help U.S. health care firms cut costs by $6 billion, add revenue and turn losses into profits for one-third of hospitals, an Arthur Andersen unit found. But e-commerce makes up...

WASHINGTON.(TO THE POINT)
June 28, 2001... Pentagon seeks big bomber cuts The Defense Department is proposing a one-third reduction in the Air Force's fleet of B-1B Lancers. Officials defended the move as a way to save money in a world without a Soviet Union. Critics in Congress...

THE WORLD.(TO THE POINT)
June 28, 2001... World Court rules against U.S. in execution of German brothers The court also pronounced that its provisional orders to national courts were legally binding. It criticized Arizona for ignoring the World Court's order to delay the...

8. Finding Innovation In Adaptation.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 28, 2001... Byline: Linda Stockman-Vines You can come up with ideas for innovative products and services simply by watching how people use what they've already purchased. If your company makes vacuum cleaners, for example, visit consumers in...

Poet E.E. Cummings His Drive Helped Make Him One Of The Century's Most Influential Poets.(LEADERS & SUCCESS)
June 28, 2001... Byline: David Saito-Chung Edward Estlin Cummings relied on experience to get his message across. In spring 1917, the Cambridge, Mass., native went to France during World War I to work as an ambulance driver. That September, the...

Metris' Ronald Zebeck Hard Work Keeps Him Charged.(LEADERS & SUCCESS)
June 28, 2001... Byline: Christopher L. Tyner When Ronald Zebeck goes looking for employees to add to his company operations, he goes after one kind of person -- the hard worker. Everything else, he says, can be taught. "You can teach people any...

Wisdom To Live By . . .(LEADERS & SUCCESS)
June 28, 2001... ON GOALS If the power to do hard work is not a skill, it's the best possible substitute for it. James A. Garfield, 20th U.S. president When I was a young man I observed that nine out of 10 things I did were failures. I...

TECHBITS.(INTERNET & TECHNOLOGY)
June 28, 2001... Byline: Sarah Z. Sleeper When Is E-Commerce Not E-Commerce? How likely are you to buy a new oven online? If you are like the majority of Americans, the answer is "not very." Forrester Research Inc. reports that the more...

TECH ECONOMY Stock Options Can Be Taxing Issue For Tech Workers.(INTERNET & TECHNOLOGY)
June 28, 2001... Byline: Donna Howell Engineer Jeff Chou could lose all he owns, including his 401(k) retirement plan and house in Foster City, Calif. But not long ago Chou, 33, was a new-economy worker who had it all. Like many in Silicon Valley, he...

OPEN-SOURCE SOFTWARE IBM Survey Shows Linux Programs Up 3% Since Jan.(INTERNET & TECHNOLOGY)
June 28, 2001... Byline: Doug Tsuruoka Linux is getting traction. Finnish software whiz Linus Torvalds' open-source operating system has been waging an uphill fight against rivals. But it seems to have passed an important milestone. IBM Corp....

CABLE TV Liberty Media Gets Its Liberty Company, with investments in media and tech firms, will spin off from AT&T.(INTERNET & TECHNOLOGY)
June 28, 2001... Byline: Reinhardt Krause AT&T Corp.'s spinoff of Liberty Media Corp. in August sets the stage for John Malone's next round of deal-making. Liberty Media has been a tracking stock of AT&T since the phone giant acquired Malone's cable...

Company That Powers E-Mail Gets Award From Smithsonian.(INTERNET & TECHNOLOGY)(Q & A)
June 28, 2001... Byline: Sheila Riley So who's responsible for that flood of electronic messages that kicks off your workday? You could start by blaming the people at Sendmail Inc. Eric Allman, the company's chief technology officer, developed an...

MEDIA USA Networks Looking To Make Leap.(INTERNET & TECHNOLOGY)
June 28, 2001... Byline: Reinhardt Krause Barry Diller admits that calling USA Networks Inc. a "second-tier" media company might seem strange. Still, he was only being honest back in April. Diller's USA Networks lacks the global reach and mix of...

CV THERAPEUTICS INC. /Palo Alto, California Angina Treatment Should Pump Up Sales Here.(THE NEW AMERICA)
June 28, 2001... Byline: Gloria Lau Say you're running to catch a bus and you're stopped by a strangling pain in your chest and arms. That pain is likely angina. The most commonly known form, angina pectoris, occurs in the chest and arms. The pain...

PERFORMANCE FOOD GROUP CO. /Richmond, Virginia Distributor Has A Real Hunger For Purchases.(THE NEW AMERICA)
June 28, 2001... Byline: Kirk Shinkle When a restaurant changes its gastronomic offerings, menus get rewritten and new foods are ordered. But there's a whole world behind the kitchen that most people don't consider. Performance Food Group Co. is a...

NYSE Stocks In The News.(A)
June 28, 2001... Byline: Christina Wise Everest Re Group more than tripled in price in just a year, then fell into its current base in late December. The stock has slowly worked its way back to within 4% of its old high as it has formed a fairly flat...

KEY FUND HOLDINGS.(MAKING MONEY IN MUTUALS)
June 28, 2001... Key Fund Holdings / Fiserv was a top holding of Federated Mid Cap Fund in the latest reporting period. Its shares are trading in a base that began Sept. 28, when the stock set a high of $64.13 in intraday trading. It's off 3% from that. Its...

CAVING IN AT ABC NEWS.(ISSUES & INSIGHTS)(EDITORIALS)
June 28, 2001... ABC News' John Stossel has been hung out to dry by his brethren. Why? He's willing to expose the myths that pervade environmental thinking. Had this been almost any other journalist, the media would have unleashed a great fury. Imagine...

A NEW JERSEY STATE OF MIND.(ISSUES & INSIGHTS)(EDITORIALS)
June 28, 2001... To The New York Times, Jersey City Mayor Bret Schundler holds "strong conservative views, including . . . fervent opposition to abortion rights and gun control." He also holds the Republican nomination for governor of New Jersey. We're...

JUDGE NOT ON POLITICS . . .(ISSUES & INSIGHTS)(EDITORIALS)
June 28, 2001... Sen. Charles Schumer, D-N.Y., must be feeling pretty cocky these days. Now part of the majority, he is speaking candidly about his plans to block judges for political reasons. He says litmus tests are fine, provided they come from him. ...

An Uncivil Agenda: Race Commission Is Propagandistic, Say Two Members.(ISSUES & INSIGHTS)(VIEWPOINT)
June 28, 2001... Byline: John J. Miller If every product put out by the U.S. Commission on Civil Rights displayed the scholarly rigor and intellectual candor seen in the dissenting statement attached this week to the panel's recent report on the Florida...

Court's Campaign Finance Ruling Does Little To Change Status Quo.(ISSUES & INSIGHTS)(PERSPECTIVE)
June 28, 2001... Byline: Betsy McCaughey It sounds like more of the same -- confusing rules and big advantages for incumbents. The long-awaited U.S. Supreme Court decision in Federal Election Commission vs. Colorado Republican Federal Campaign Committee...

Bullish Managers Miffed At Fed's Measly Cut Many were hoping for full half-point cut, but the market's reaction is quiet.(MAKING MONEY IN MUTUALS)
June 28, 2001... Byline: Ken Hoover The bulls were a tad grumpy Wednesday when the Fed cut rates a miserly quarter-point rather than give the economy a full shot of its stimulating elixir with a half-point cut. But the markets shrugged it off. A...