Investor's Business Daily articles from June 2002

Investor's Business Daily archives from June 2002

Listen To The Market, Not Wall Street Opinions.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
June 3, 2002... Byline: JONAH KERI Investor Psychology: Sixteenth In A Series Click on most financial TV shows and you'll see it: two talking heads, maybe a forum of Wall Street figures, debating the state of the stock market. As they sit...

Chicago Data, Orders Spell Factory Rebound As Sentiment Bounces 18-Yr Best For Productivity Recovery's stars aligned as consumers, business point to renewed growth.(A)
June 3, 2002... Byline: IBD STAFF AND WIRE REPORTS U.S. manufacturing, hit hardest during last year's recession, is coming back, reports released Friday showed. Combined with unusually powerful productivity gains and soaring consumer confidence, the...

Russia's Hungry Oil Companies Throw Wrench In OPEC Works Private And Loving It.(A)
June 3, 2002... Byline: AMY REEVES When Russia said last month it will defy OPEC and end cuts on oil exports, few were surprised. The only question was whether there were any export cuts to end. Last fall, Russia agreed to shave 150,000 barrels a day...

IBD'S TOP 10.(A)
June 3, 2002... Americans Urged To Leave India 1The State Dept. also advised the 60,000 Americans there to stay clear of the Pakistan border because of a rising risk of all-out war between the two nuclear powers. The advisory was aimed at all but...

AFTER THE CLOSE.(TO THE POINT)
June 3, 2002... MIRANT, PPL Corp., Duke Energy and El Paso repeated denials of wash energy trades in response to FERC inquiries. THE AIR TRANSPORTATION Stabilization Board rejected tiny Frontier Flying Service's application for a $7.2 mil federal loan...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2002... MEDIA Adelphia falls on delist, default The Nasdaq will delist the ailing cable firm Monday because it failed to file an annual report for '01. Provisions in $1.4 bil of Adelphia convertible bonds require the firm to keep a market...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2002... TRANSPORTATION Continental leads 3rd rate hike try Continental raised round-trip leisure fares by $20 late Thursday. On Friday, Delta, American and Frontier Air matched it. Northwest and United only matched on competing routes, not...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2002... TECHNOLOGY Wireless lifts world chip sales 3% Chip sales rose for a second month in April, thanks to growth in wireless chips. Sales jumped to $11.1 bil, an industry group said. The sales bump shows the industry is mounting a slow...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2002... RETAIL Wendy's to buy Mexican chain It's buying Fresh Enterprises, owner of the Baja Fresh Mexican Grill chain, for $275 mil. Wendy's said the deal would cut profit by 2-4 cents a share in '02 and '03 but add to earnings by the same...

THE ECONOMY.(TO THE POINT)
June 3, 2002... Fed says no to new banking rules Fed chief Alan Greenspan wrote to a House panel that he doesn't see a need for more fair-trade regulations for banks. New York's John LaFalce, the ranking Democrat, asked the Fed to detail how the FTC Act...

IN BRIEF.(TO THE POINT)
June 3, 2002... IBM has quietly axed nearly 5,000 jobs in the past two weeks. Moody's may cut long-term debt ratings for Verizon and Verizon Wireless, citing their high debt loads and rising competition. Collegis, which provides technology and...

NATION.(TO THE POINT)
June 3, 2002... Bush lists Crusader alternatives Attempting to drive a stake through the Crusader artillery system, President Bush proposed to Congress new ways to spend the $475 mil he initially sought for it next year. He proposed $310 mil to accelerate...

WORLD.(TO THE POINT)
June 3, 2002... New U.S. general in Afghanistan He may have to adapt his tactics if Pakistan pulls out of the search for al-Qaida and Taliban fighters, said Lt. Gen. Dan McNeill, the new U.S. commander. McNeill will run the campaign and report directly to...

TRENDS & INNOVATIONS.(TO THE POINT)
June 3, 2002... HIV, STDs up in Western Europe Suggesting "complacency" has set in about disease risk, U.K. and French researchers found the prevalence of HIV, gonorrhea and syphilis seems to be rising. New HIV cases from heterosexual sex rose 48% in...

TRENDS & INNOVATIONS.(TO THE POINT)
June 3, 2002... People with incurable cancer are better able to predict how long they'll survive than doctors using other, commonly used indications of disease prognosis, the Journal of Clinical Oncology reported. A comparison of one portion of the mouse...

LEARN TO ANALYZE DETAILS Inspiration In Plain Sight.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 3, 2002... Byline: Robin Grugal 6 Inspiration for great ideas is all around us -- not hidden in shadowy recesses, but right there in plain sight. All it requires is for us to see the obvious with fresh eyes. Easier said than done? Sure, it's in...

Peirce At A Glance.(LEADERS & SUCCESS)
June 3, 2002... Peirce At A Glance Born: 1839 in Cambridge, Mass. Died: 1914 in Arisbe, Del. Education: B.S. from Harvard University in 1859. M.A. from Harvard in 1862. B.S. from Lawrence Scientific School in 1863. Achievements: Credited...

Philosophy's Return To Earth Focus On Vision: Peirce's pragmatism brought science to progressive thought.(LEADERS & SUCCESS)
June 3, 2002... Byline: SEAN HIGGINS At age 13, Charles Sanders Peirce was reading the works of philosopher Immanuel Kant. At 16, he was sure he could improve on them. In the minds of many scholars, he did -- and more. Today he is recognized as...

Some Troubled Firms Write Down Inventory To Boost Earnings Following a company's quarterly cash flow can give clues as to its health.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
June 3, 2002... Byline: MURRAY COLEMAN When a company reports inventory losses, investors can find themselves taking a financial bath. "Companies without good internal cost controls can get stuck with a lot of wasted inventory," said Tullus Miller, a...

Customer King Looks To Workers Siebel Tackling "ERM' Software helps workers share data via portal site, provides training online.(INTERNET & TECHNOLOGY)
June 3, 2002... Byline: J. BONASIA For companies to get the most from their workers, workers need to get the most from their companies. That's the thinking behind a push by Siebel Systems Inc. to broaden human-resource software. Siebel's promoting a...

Awards Aim To Show How Cell Phones Keep Us Safe.(INTERNET & TECHNOLOGY)
June 3, 2002... Byline: SARAH Z. SLEEPER A fiery explosion blew Rocky Deschamps' cabin to bits and almost took his life. Deschamps, his father-in-law, Ivan, and Ivan's great-grandson Tyler snowmobiled up to a remote Idaho site. Inside, Deschamps...

Tiny Town In Rural Iowa Boasts Cutting-Edge Network Infrastructure Jump-Starting Information Age Local utility set out to build digital infrastructure; fiber links every home, business.(INTERNET & TECHNOLOGY)
June 3, 2002... Byline: MICHAEL KREY Harlan, Iowa, has 5,282 residents, two traffic lights, millions of bushels of corn and . . . three broadband Internet service providers. It also has three phone companies and two cable providers. "We say we're...

Microchip's Latest Buy Part Of Ongoing Drive For More Analog Tech Company Buying PowerSmart Microchip will get access to accurate battery gauges for devices like notebooks.(INTERNET & TECHNOLOGY)
June 3, 2002... Byline: JAMES DETAR Microchip Technology Inc. is making a power play. The company announced last month it's buying private firm PowerSmart Inc. PowerSmart makes chips that enable long battery life in devices like portable computers....

Software Firms Cook Up Something For The Chef Thousands Of Recipes Products also have info about meal planning and preparation techniques.(A)(COMPUTERS MADE PLAIN)
June 3, 2002... Byline: NANCY GONDO Wish you could impress your friends with home-cooked gourmet meals? Now you can play chef -- and even nutritionist -- with the help of cooking software. A number of programs, such as Instant Home Cooking, Living...

IBM's Lotus Software Helps Collaborations Bloom Aim Is Getting More For Less Lotus general manager says "embedded collaboration' will boost firms' productivity.(INTERNET & TECHNOLOGY)(Q & A)
June 3, 2002... Byline: J. BONASIA IBM Lotus General Manager Al Zollar says his unit's software is focused on "getting more out of people for less." It aims to help workers collaborate and share knowledge. "When you look inside organizations, it's...

FURNITURE BRANDS INT'L INC. St. Louis, Mo. When A Market Tanks, It Helps To Cut Costs.(THE NEW AMERICA)
June 3, 2002... Byline: AMY REEVES If you haven't bought any furniture in the last year and a half, you're not alone. Starting in mid-2000, the combination of recession, retail bankruptcies and shaky consumer confidence conspired to send the industry...

NEW AMERICA REVISITED Restaurateur Raises Estimates On Solid Results.(THE NEW AMERICA)(NEW AMERICA REVISITED)
June 3, 2002... Byline: FROM IBD NEWS SERVICES Restaurant operator Panera Bread Co. (New America, Feb. 4) is accelerating its expansion plans and lifting its 2002 earnings estimates after reporting strong first-quarter financials. The firm operates...

CHICO'S FAS INC. Fort Myers, Florida Retailer Not Chained Down By One Concept.(THE NEW AMERICA)
June 3, 2002... Byline: MARILYN MUCH In business, as in baseball, even the top players need to cover their bases. So after scoring steady wins catering to women ages 35 to 55, the team at women's clothing chain Chico's FAS Inc. is about to take on a...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
June 3, 2002... Key Fund Holdings / H&R Block was a top holding of AIM Basic Value Fund in the latest reporting period. Shares are trading in a base that began Feb. 28, when the stock peaked at 51.40. It's 12% off that mark. Earnings in the past two quarters...

This Shareholder Rebel Has A Cause Dogs Errant Executives Schwartz uses his fund's clout to keep management working for shareholders.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
June 3, 2002... Byline: KEN HOOVER If you've heard of the Schwartz Value Fund before now, it's probably because you live in or near Bloomfield Hills, Mich. Even though the $52 million fund has been around since 1983, most of its shareholders lived...

Who Said J.R.?(ISSUES & INSIGHTS)(EDITORIALS)
June 3, 2002... Economy: Did Bob McTeer, the colorful head of the Dallas Fed, really use the term "jobless recovery" to describe this rebound? Doesn't he know them's fightin' words to a fellow Texan? George W., after all, supposedly has made it a point to...

Vouching For Credits.(ISSUES & INSIGHTS)
June 3, 2002... Education: Vouchers aren't dead politically. But they're so severely wounded that it's time to try something else. How about tax credits for school expenses? School-choice advocates have made some progress with vouchers. Milwaukee and...

Gov't Pushes Generic Drugs, But At What Cost To Health?(ISSUES & INSIGHTS)(PERSPECTIVE)
June 3, 2002... Byline: BETSY MCCAUGHEY Insurance companies have spun a medical myth that generic drugs save money and are as good as brand-name drugs. Congress and lawmakers in many states are falling for it. As Congress ponders adding a prescription...

THE REAL MOST ACTIVE Afternoon Sell-Off Punctures Advance.(MAKING MONEY)
June 3, 2002... Byline: JULIE HUYNH The Dow industrial average burst above 10,000 intraday but retreated back below that level to end up 0.1%. The S&P gained 0.2%. Volume sank. After four straight days of low-volume selling, Michaels Stores vaulted...

Morning Rally Evaporates; Retail Stocks Bounce Back.(GENERAL MARKET & SECTORS)(THE BIG PICTURE)
June 3, 2002... Byline: CHRIS GESSEL Manufacturing is on the mend, productivity looks great and consumers feel upbeat. But the stock market didn't seem to care Friday, especially with India and Pakistan staring each other down over Kashmir. A load of...

Broker's Profits Grow Faster Than Its Sales.(B)(NYSE STOCKS IN THE NEWS)
June 3, 2002... Byline: David Saito-Chung and Julie Huynh Arthur J. Gallagher is forming what looks like a saucer pattern since posting a new high of 38.82 on Oct. 29. The Illinois-based insurance broker and risk management firm does business in more...

THE REAL MOST ACTIVE Nasdaq Gives Up Gains To Close At Day's Lows.(B)
June 3, 2002... Byline: CRAIG SHAW The Nasdaq gave back a 1.2% gain for a 1% loss on heavier volume Friday despite strong consumer sentiment and factory growth. The index fell 2.7% for the week. P.F. Chang's China Bistro's breakdown continued as it...

Web Software Firm's Breakout Short-Lived.(B)(NASDAQ STOCKS IN THE NEWS)
June 3, 2002... Byline: Craig Shaw Websense broke out of a cup-with-handle base Friday, but reversed to close with a 0.49-point loss to 29.60 on triple average trade. The Web monitoring software maker moved into the black last year after several years of...

NO TIME, NO PROBLEM.(THE SMART INVESTOR)
June 3, 2002... 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 stocks....

One Winning Stock Often Points To Another.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
June 3, 2002... Byline: DAVID SAITO-CHUNG Having been in the stock-picking business for five years, Jeff James has found a key truth about the market: Where there's gold, you can probably find more of it close by. In 1997, James joined Chicago-based...

IBD'S 20 RULES FOR INVESTMENT SUCCESS.(THE SMART INVESTOR)
June 3, 2002... 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...

RF Micro Launch Pad Buried In Daily Chart.(THE SMART INVESTOR)(WINNING WAYS)
June 3, 2002... Byline: KEN HOOVER An investor prospecting for stocks to buy in the first days of the bull market that started in October 1998 would have been likely to pass over RF Micro Devices if he were looking only at daily charts. RF Micro...

Arms Index Tracks Capitulation.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
June 4, 2002... Byline: DAVID SAITO-CHUNG Investor Psychology: Seventeenth In A Series The market's action in the days before a bottom can be crippling. In a single session, down stocks outnumber up stocks. Volume soars. Yet such selling...

Factories Gain Steam, With Purchaser Gauge At Best Since May '00 Construction Spending Up Hiring is around corner, as weaker dollar ensures rise in orders for export.(A)
June 4, 2002... Byline: IBD STAFF AND WIRE REPORTS Manufacturing activity continued to expand in May while construction spending rebounded smartly, all part of a picture of an economy finding its footing after nearly a year in recession. Neither...

13,000 And Counting: Cell Stores Multiply Even As Sign-Ups Slow Carriers hope own stores will stay busy hawking next-generation services.(A)(TRENDS & INNOVATIONS)
June 4, 2002... Byline: MARILYN MUCH Walk two blocks along 86th Street on New York's Upper East Side and you're likely to find as many stores selling mobile phones as people using them. Between the diners, drugstores and clothes shops, nine stores of...

IBD'S TOP 10.(A)
June 4, 2002... Run Of Bad News Slams Stocks 1Almost every sector was putrid. The Nasdaq tumbled 3.3% and the S&P 500 2.5% to its lowest close since Oct. 1. All but two Dow stocks fell as the industrial average sank 2.2% to a near four-month low. NYSE...

AFTER THE CLOSE.(TO THE POINT)
June 4, 2002... HEWLETT-PACKARD has begun big layoffs seen as key to the success of its Compaq buy. It'll outline progress of the deal today. ANTHEM backed '02 views of $3.85-$3.95, up 29%, vs. $3.03 a year ago, the HMO said. ACTIVISION sees 18 cents...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2002... MEDIA Turner reportedly axed AOL CEO An angry outburst by media mogul Ted Turner, the largest individual shareholder in AOL Time Warner, was key in ousting Gerald Levin as the firm's chief, Vanity Fair reported. Turner accused Levin...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2002... INTERNET USA offers to buy out three units Barry Diller's USA Interactive offered $4.5 bil to buy out its majority-owned Expedia, Ticketmaster and Hotels.com units to build up its e-commerce business. USA offered a 7.5% premium over...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2002... TECHNOLOGY Xilinx slides on updated forecast The communications chip maker says Q1 sales will rise 8% from Q4's $273 mil. Xilinx had seen 6%-8%. But analysts expected better news. And the programmable logic chip firm said nearly half...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2002... LEISURE Gaming firms fall on Ill. tax hike Illinois' legislature raised the peak rate on riverboat casino operators to 50% on revenue over $100 mil, up from 35%. Gov. George Ryan is expected to sign it. The hikes, which would start in...

THE ECONOMY.(TO THE POINT)
June 4, 2002... U.S. home values increase in Q1 Average home prices rose 1.38% from Q4 and 6.05% from Q1 '01, the Office of Federal Housing Enterprise Oversight said. Q4's revised 0.46% gain was the smallest in five years. OFHEO says the economic upturn...

IN BRIEF.(TO THE POINT)
June 4, 2002... Sprint named Robert Dellinger CFO. He came from GE in March. He replaces Arthur Krause, who retired. Japanese giants Matsushita and NEC opened a cell phone software venture in China, extending their 3G software alliance. Bankrupt Dutch...

NATION.(TO THE POINT)
June 4, 2002... Lawyer slept, so execution is off Texas Death Row inmate Calvin Burdine, whose lawyer slept for long portions of his 1984 murder trial, will win either freedom or a new trial after the Supreme Court rejected an appeal from the state, which...

WORLD.(TO THE POINT)
June 4, 2002... Taliban's Omar said to be alive Mullah Mohammad Omar, one of the world's most wanted men, is spending much of his time outside Afghanistan, the Afghan interior minister said. He is presumed to be in Pakistan. It was the first time an...

TRENDS & INNOVATIONS.(TO THE POINT)
June 4, 2002... Cloned cells make cattle kidneys Cloning can work as a source of grow-your-own transplants, Massachusetts scientists said in Nature Biotechnology. They implanted cloned cells into cattle that formed functioning kidney-like organs and...

TRENDS & INNOVATIONS.(TO THE POINT)
June 4, 2002... Surgeons who stay out late drinking suffer a noticeable decline in surgical performance the next morning, the British Journal of Surgery said. Strict enforcement of laws barring minors from buying cigarettes doesn't curb teen smoking, and...

FOCUS YOUR TIME AND MONEY Make Friends With Fear.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 4, 2002... Byline: Robin Grugal 7 It makes sense to assume that those bold enough to take big chances must be unusually self-confident. But it isn't always so. Many of the towering figures we look up to are no less afraid than anyone else. They just...

Hi-Fi's Father Loves Harmony Synonym For Success: Sound king Harman refined manager-worker relationship.(LEADERS & SUCCESS)
June 4, 2002... Byline: PATRICK SEITZ Sidney Harman turned his love of music into an industry. In the early 1950s, when Harman worked at a public-address system company, he and the chief engineer borrowed some gear to find a better way to play records...

Harman At A Glance.(LEADERS & SUCCESS)
June 4, 2002... Harman At A Glance Born: 1918 in Montreal Education: B.S. in engineering from City College of New York. Ph.D. in social psychology from Union Graduate School in Ohio. Achievements: Developed the first receiver for the home...

TECHBITS.(INTERNET & TECHNOLOGY)
June 4, 2002... Byline: Doug Tsuruoka Dot-Coms Are Still Cutting Jobs Pink slips are still fluttering in dot-com land. Job cuts by dot-coms almost tripled in May to 2,078 from 824 in April. The figures are from a May 30 survey by job placement and...

Chinese May Shut Door On Microsoft Officials Pushing Linux Country wants to keep software leader away from business market.(INTERNET & TECHNOLOGY)
June 4, 2002... Byline: MURRAY COLEMAN Microsoft Corp.'s clash with U.S. regulators may be nearing an end. But its struggle with the Chinese government is just getting started. Microsoft's Windows is China's dominant operating system for personal...

For Chipmaker Xilinx, Investors Accepted "Good' News As "Bad' Stock Takes A 12% Plunge Midquarter sales guidance was at high end of range, but analysts wanted more.(INTERNET & TECHNOLOGY)
June 4, 2002... Byline: JAMES DETAR Burned so much by techs over the last two years, the stock market can be a tough audience. Just ask Xilinx Inc. The chipmaker gave midquarter guidance Monday at the high end of its previous guidance. It said it...

AOL Changes Its Tone About "Dominating' Broadband Net Field Now Sees Slower Ramp-Up Merger of cable provider and Internet service king hasn't gone as expected.(INTERNET & TECHNOLOGY)
June 4, 2002... Byline: DOUG TSURUOKA Whether from necessity or a change of heart, AOL Time Warner Inc. is using a softer tack in pushing speedy broadband Internet services. Contrary to its public utterings during the merger process of America Online...

Photo Album Software Can Jazz Up Digital Photography.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
June 4, 2002... Byline: JAMES DETAR Digital cameras are selling like hot cakes. Consumers bought 1.23 million of them in the first quarter of 2002, says the research firm NPD Techworld. That's up 28% over the same period last year. But using a...

Sherwin-Williams Chooses Big Blue For Its Computer System Remodeling.(INTERNET & TECHNOLOGY)(Q & A)
June 4, 2002... Byline: DOUG TSURUOKA Big Blue's making a splash with paint seller Sherwin-Williams Co. The world's biggest paint firm recently tapped IBM to install a Linux-based computer system at its 2,500 U.S. stores. Linux is an open-source...

ITT EDUCATIONAL SERVICES Indianapolis, Ind. Education Firm Learns The Value Of Job Cuts.(THE NEW AMERICA)
June 4, 2002... Byline: KIRK SHINKLE U.S. unemployment is creeping up -- it hit 6% in April -- and the job market has yet to recover. Absent many job prospects, younger workers are looking to beef up their skills by heading back to school. That's...

NEW AMERICA REVISITED Pork Producer Is Still Eyeing Struggling Unit.(THE NEW AMERICA)(NEW AMERICA REVISITED)
June 4, 2002... Byline: FROM IBD NEWS SERVICES Pork producer Smithfield Foods Inc. (Companies in the News, Aug. 9) on Friday confirmed that it had renewed its offer to buy the meat operations of Farmland Industries Inc., the largest U.S. farmer-owned...

DIAL CORP. Scottsdale, Arizona Buyout Or No Buyout, Soap Maker Cleans Up.(THE NEW AMERICA)
June 4, 2002... Byline: AMY REEVES Is Dial Corp. for sale? That's what Wall Street wondered in August, when newly appointed Chief Executive Herbert Baum commented on the soap maker's strategic direction. "The board concluded that, in order to...

AFTER MARKET Lender Recovers Above Its 50-Day Line.(THE NEW AMERICA)
June 4, 2002... MCG Capital bucked the market's decline, rising 71 cents, or nearly 4%, to 18.84 on heavy volume. The stock went public at 17 on Nov. 29. The lender to small and midsize firms grew 2001 revenue just 2%, but earnings jumped 215% in the latest...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
June 4, 2002... Key Fund Holdings / Fresh Del Monte Produce and Outback Steakhouse were top new buys of Fidelity Select Food & Agriculture Fund in the latest reporting period. Fresh Del Monte's earnings rose 163% and 59% the last two quarters. The stock has...

Magellan's Stansky Near-Term Wary His "Best Buy' Rose 74% Manager sees many stocks with elevated valuations amid soft earnings growth.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
June 4, 2002... Byline: PAUL KATZEFF Worried that the market won't recover from its case of the blahs soon? Small comfort, but you are hardly alone. So is Robert Stansky, manager of $72 billion Fidelity Magellan Fund. "It's difficult to get too...

The Bush Hot House.(ISSUES & INSIGHTS)(EDITORIALS)
June 4, 2002... Economy: From steel tariffs to placing Florida's coast off-limits to oil development, the Bush administration is on a streak of poor decisions. What's one more? If it means complying with the Kyoto global-warming treaty, one more bad...

The Payroll Party.(ISSUES & INSIGHTS)(EDITORIALS)
June 4, 2002... California: The state's bureaucracy has experienced a boom in growth. That's the sort of business that can happen when the watchdogs sleep. California has long been known as a hotbed of national political trends. But in recent years it's...

LETTERS.(ISSUES & INSIGHTS)
June 4, 2002... Bush's Principle Deficit Why does it stand "to reason that America's security -- and the world's -- would be best served with more cheap energy" as stated in "The Florida Message" (Editorial, Thursday)? Whether the energy is cheap or...

Gov't Cooperation Is A Must After 9-11, Terror Expert Says.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
June 4, 2002... Byline: PETER BENESH Joint Senate and House Intelligence Committees begin secret hearings Tuesday on how the FBI, CIA and other agencies failed to put all the clues together before Sept. 11. Important as it is to look back, the country...

THE REAL MOST ACTIVE Miserable Monday Sinks NYSE Stocks.(MAKING MONEY)
June 4, 2002... Byline: JONAH KERI NYSE stocks fell hard into the close Monday, carrying a double whammy of higher volume. The Dow industrials swooned 2.2%, the S&P 500 2.5%. Losers trounced winners across the board as the losses cut deep. Gaming...

Afternoon Selling Knocks Weak Market Even Lower.(GENERAL MARKET & SECTORS)(THE BIG PICTURE)
June 4, 2002... Byline: CHRIS GESSEL The stock market crumbled Monday afternoon, unable to fend off a load of bad corporate news and rising tension between Pakistan and India. The headlines didn't look good. Tyco's CEO resigned amid a probe into...

Aeropostale Debuts During Retail Surge.(B)(NYSE STOCKS IN THE NEWS)
June 4, 2002... Byline: Jonah Keri A rough market generally won't do much for your portfolio, at least near term. But it doesn't offer a great chance to carefully build a strong watch list of promising stocks. When assembling such a list, don't forget...

THE REAL MOST ACTIVE Nasdaq Sinks To Lowest Close In Seven Months.(B)
June 4, 2002... Byline: CRAIG SHAW The Nasdaq lost 3.3% Monday on lighter volume for its lowest close since October despite a strong manufacturing report. Websense's failed breakout collapsed further, with a 2.80-point loss to 26.80 on above-average...

Roadhouse Operator Flirts With New High.(B)(NASDAQ STOCKS IN THE NEWS)
June 4, 2002... Byline: Craig Shaw CBRL Group closed at a 52-week high Friday, clearing a 16-week base on above-average volume. It retreated Monday on lighter trade. The restaurant holding company runs 455 Cracker Barrel Old Country Stores in 41...

Cutting Losses Preserves Confidence And Capital.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
June 5, 2002... Byline: CRAIG SHAW Investor Psychology: Eighteenth In A Series No investor likes admitting he or she's made a mistake. Even a small one. But in the market, putting pride ahead of common sense can cost you money -- lots of it. ...

HP Outlines Job Cuts, Trims Revenue Views, Sets $2.6 Bil Charge Analysts: Smart Moves Early 2/3s of 15,000 jobs cuts to come sooner, by Oct., but key units will add jobs.(A)
June 5, 2002... Byline: MURRAY COLEMAN After a bitter six-month proxy fight, the gritty details are emerging in Hewlett-Packard's $19 billion purchase of rival Compaq. Those include faster-than-expected job cuts, bigger-than-expected cost savings and...

Market Diversity, Service Focus Give BofA An Edge Over Rivals Sunbelt Money Center.(A)
June 5, 2002... Byline: STEVE WATKINS Bank of America is changing its tune. Its predecessors spent close to half a century buying banks and building up the franchise. Now, with a new leader, it's trying to run what it has wrought and keep growing...