Investor's Business Daily articles from May 2003

Investor's Business Daily archives from May 2003

Fed Chief Sees Upturn But Just Can't Predict When Or How Strong; Backs Dividend Tax Relief; Greenspan tells House Congress should renew its budget restraint rules.(A)
May 1, 2003... Byline: JOSEPH GUINTO Federal Reserve Chairman Alan Greenspan said Wednesday he believes the economy is poised to expand. But he's not sure when, or how fast. The Fed chairman also repeated his support for an end to taxes on stock...

SARS Creates Business Dilemma: Stay In Touch Without Touching; Firms scramble to find tools to help overcome travel, safety concerns.(A)
May 1, 2003... Byline: DONNA HOWELL The SARS outbreak has tossed a wrench into daily life in Asia. Nearly 10,000 people are quarantined in Beijing alone, where theaters and schools have closed. China's Shanghai and Shenzhen stock markets will close...

IBD'S TOP 10.(A)
May 1, 2003... Fed Chief Sees U.S. Set To Grow 1Alan Greenspan said with war's end, the U.S. seems ready to grow "at a noticeably better pace than it has during the past year" and that only timing is uncertain. But he warned of continuing gloom among...

AFTER THE CLOSE.(TO THE POINT)
May 1, 2003... ADOBE raised its Q2 profit outlook a bit to 24-28 cents, in line with views, and its sales outlook to $205-$320 mil. The publishing software firm cited strong sales of its Acrobat line. FINDWHAT.COM earned 13 cents a share, 30% over views...

BUSINESS BRIEFS.(TO THE POINT)
May 1, 2003... CONSUMER Central European says it beat Q1 The alcoholic beverage distributor says it'll report 31 cents a share, up 94% vs. last year and 7 cents above views. Central European Distribution also backed its raised '03 profit forecast of...

BUSINESS BRIEFS.(TO THE POINT)
May 1, 2003... TECHNOLOGY Garmin earnings rose 56% in Q1 The maker of global positioning devices beat views by 8 cents with a profit of 39 cents a share. Sales grew 23% to $123.8 mil. Garmin expects to earn 40-43 cents in Q2. Analysts see 40 cents....

BUSINESS BRIEFS.(TO THE POINT)
May 1, 2003... SCHOOLS Corinthian Colleges beats Q3 EPS The for-profit school chain rose 7% to a new high of 45.68 after earning 39 cents a share, a nickel over views and 56% over last year. Sales rose 53% to $135.5 mil, aided by newly opened...

BUSINESS BRIEFS.(TO THE POINT)
May 1, 2003... INTERNET United Online Q1 net beat views The discount Internet service provider earned 25 cents a share, topping views by 4 cents. Last year United Online, which uses the NetZero and Juno brands, earned a penny. Revenue rose 45% to...

THE ECONOMY.(TO THE POINT)
May 1, 2003... Homeowners cash out Q1 gains U.S. homeowners cashed out over $24 bil in home equity in Q1, borrowing against rising home values. But Freddie Mac said these cashouts "hardly made a dent" in the $6 tril in equity in one-family homes. In '02,...

IN BRIEF.(TO THE POINT)
May 1, 2003... America Online unveiled a $2.95-a-month anti-virus service developed with Network Associates for its members. Beazer Homes CFO David Weiss will retire Aug. 15. The home builder plans to name James O'Leary, executive VP of corporate...

NATION.(TO THE POINT)
May 1, 2003... House Dems lose on special ed They tried to force the government to pick up 40% of the cost of educating children with special needs. Congress promised to cover 40% when it approved the Individuals with Disabilities Education law over 25...

WORLD.(TO THE POINT)
May 1, 2003... Terror attacks down 44% in '02 They declined to 199 globally. Attacks on the U.S. plunged 65%, from 219 to 77, the State Dept. said. The U.S. again branded Cuba, Iran, Iraq, Libya, North Korea, Syria and Sudan as sponsors of terrorism....

TRENDS & INNOVATIONS.(TO THE POINT)
May 1, 2003... U.S. women healthier than men Many men don't visit the doctor and don't have insurance, a W.K. Kellogg Foundation study said. U.S. men tend to die nearly five years before women; the gap between black men and white women is 11.8 years....

TRENDS & INNOVATIONS.(TO THE POINT)
May 1, 2003... ** Traffic pollution may damage sperm, affecting male fertility, Italian scientists said after studying 85 attendants at tollgates on Italian motorways who had poorer-quality sperm than others in the same area. ** About half of...

NEVER STOP LEARNING Explore Informal Training.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
May 1, 2003... Byline: Michael Krey 4 The need for continuous learning is a given in business, says author Richard Swanson. Creating a culture in the workplace to encourage that learning is critical, says Swanson, a University of Minnesota business...

Joseph Coors Barreled Ahead; Take Action: Family brewer found new ways to stir support for free enterprise.(LEADERS & SUCCESS)
May 1, 2003... Byline: PAUL KATZEFF In 1956, Adolph Coors Co. produced beer with a union work force. Company and labor had amicably negotiated two contracts in the prior three years. But when workers at its next-door sister firm, Coors Porcelain, went on...

Venture Capitalists Still Waiting; Financing Way Off Its Peak; Two surveys show decline in number of deals done, as well as value of deals.(INTERNET & TECHNOLOGY)
May 1, 2003... Byline: BRIAN DEAGON The past few days have been a time of reflection for the venture capital industry as the two largest VC associations posted their latest quarterly numbers on industry performance. Both show that the decline in...

Students Hit Web As SARS Cuts Class; Teachers at Singapore's Australian school hurry to post class work online.(INTERNET & TECHNOLOGY)
May 1, 2003... Byline: DONNA HOWELL The SARS crisis has prompted a crash course in E-Learning 101. How did a Singapore school keep teaching students for days while others shut their doors because of SARS? With determination, a rough weekend at work...

U.S. Financial Firms Bank On Shipping Much Office Work Overseas.(INTERNET & TECHNOLOGY)(Q & A)
May 1, 2003... Byline: DOUG TSURUOKA Tough times are driving U.S. financial services companies to have more office work done overseas. So says Andrea Bierce, a director at consultant A.T. Kearney Inc., a unit of Electronic Data Systems Corp. ...

Despite Trouble Signs, U.S. Housing Market Keeps Hanging Tough.(THE NEW AMERICA)(Q & A)
May 1, 2003... Byline: AMY REEVES The real-estate industry has faced good and bad news lately. On the plus side, interest rates continue to fall, encouraging people to take out home loans. But the sluggish economy has driven unemployment up --...

ADVISORY BOARD CO. Washington, D.C.; Inexpensive Products, Services Pay Off Here.(THE NEW AMERICA)
May 1, 2003... Byline: KIRK SHINKLE As cash-starved hospitals in the U.S. move to cut costs and spending, the fallout will likely impact any number of businesses, from makers of high-tech surgical systems to suppliers of bedpans and rubber gloves. ...

Oberweis Finding Good Growth Again; NetEase Up 86% YTD; Manager says he's well positioned, but warns his style can be volatile.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
May 1, 2003... Byline: PAUL KATZEFF One sign that the worst of the bear market is past is the re-emergence of a marquee name of the late 1990s' bull market. The Oberweis funds are on a roll again. Small-cap $65 million Emerging Growth Fund was up...

Justice Denied.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
May 1, 2003... Litigation: Is anyone else uncomfortable with the $1.4 billion settlement Wall Street struck with regulators? The flood of litigation to come will show it settled little. Wall Street leaders deserve plenty of blame for the fleecing of...

A New Cold War?(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
May 1, 2003... Alliances: "Old Europe" now wants its own defense force to help pry itself away from America's influence. European citizens should be very worried. Give France's Jacques Chirac and Germany's Gerhard Schroeder at least some credit. They...

FACT BOX.(ISSUES & INSIGHTS)
May 1, 2003... ON THIS DAY In 1979, George Herbert Walker Bush -- former two-term congressmen, former ambassador to the United Nations, former chairman of the Republican National Committee, former special representative to Peking and former director of...

LETTERS.(ISSUES & INSIGHTS)(Letter to the Editor)
May 1, 2003... Send The U.N. Packing When I see the photo of the Cuban ambassador smirking after the uncontested re-election of Cuba to the Human Rights Committee (Issues & Insights, Wednesday), I wonder why we allow this fifth column in this country. We...

How Free Should Speech Be In Era Of War On Terrorists?(ISSUES & INSIGHTS)(Q & A)
May 1, 2003... Byline: MICHAEL MIKLOFSKY You can call for the overthrow of the government, and nobody can touch you until you create a "clear and present danger." But 9-11 has some people wondering whether the Supreme Court's "clear and present...

Buying Right Helps You Stay In.(MAKING MONEY)(INVESTOR'S CORNER)
May 1, 2003... Byline: JONAH KERI What's the best way to minimize investment risk? Always sell a stock if it falls 7% to 8% from your buy price. Another trading rule can help you minimize risk and maximize potential returns: buying right. This means...

THE REAL MOST ACTIVE Dow, S&P 500 Give Up Gains; HMOs Advance.(MAKING MONEY)
May 1, 2003... Byline: CRAIG SHAW NYSE stocks declined in brisk trade Wednesday as investors weighed weak factory data against cautious optimism from Fed chief Alan Greenspan. The Dow industrials fell 0.3%, the S&P 500 0.1%, giving up afternoon gains in...

Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
May 1, 2003... Analyzing the price and volume changes in the major market averages each day is essential to successful investing. They reveal major tops and bottoms in the stock market. Most stocks follow the general market's trend. They tend to rise...

Discount Retail Chain Keeps Growth Steady.(B)(NYSE STOCKS IN THE NEWS)
May 1, 2003... Byline: David Saito-Chung Family Dollar Stores has built what appears to be a triple-bottom base, marking lows in mid-August, October and early March. The stock has spent the past three weeks in the upper half of the base. The retailer...

THE REAL MOST ACTIVE Nasdaq Stocks Digest Gains In Quiet Turnover.(B)
May 1, 2003... Byline: JONAH KERI The Nasdaq paused after two straight days of gains in above-average volume Wednesday, edging lower on lighter trade. The composite index fell 0.5%. The Nasdaq 100 lost 1%. Teva Pharmaceutical Industries shed 1.17 to...

Odyssey Tries To Trace Rival VistaCare's Path.(B)(NASDAQ STOCKS IN THE NEWS)
May 1, 2003... Byline: Jonah Keri Odyssey HealthCare shot up to the top of its base Wednesday, closing up 6% to 25.84. The stock etched the top of its handle on March 18 at 25.82. Adding 0.10 to that figure yields a figure of 25.92, meaning Odyssey still...

Digging Into Checkup Statistics Is Vital.(THE SMART INVESTOR)
May 1, 2003... Byline: KEN SHREVE When using IBD Stock Checkup at investors.com, it's easy to get drawn to the five Diagnosis ratings and where the stock ranks in its group based on these ratings. Dozens of key statistics on a stock are boiled down to...

Factory Sector Shrinks While Jobless Claims Hold Near Year Highs; April Auto Sales Also Weak; Clearer read of economy may not come till late May as war worries evaporate.(A)
May 2, 2003... Byline: JED GRAHAM Factory activity declined more sharply in April than it did in March, while initial jobless claims last week fell only slightly from the highest levels in a year, two reports showed Thursday. Both disappointed Wall...

California Poised To Lead Again When Recovery Gathers Steam; Diversity of businesses, tech's long-term future outweigh higher costs.(A)
May 2, 2003... Byline: CHRISTINA WISE At the height of the tech bubble, California seemed to mint new millionaires nearly every day. From '97 to '99, 323 companies came public in the state, making new millionaires of the Internet whiz kids who...

IBD'S TOP 10.(A)
May 2, 2003... Manufacturing At 2 1/2-Yr Low 1The Institute of Supply Management manufacturing index unexpectedly fell to 45.4 in April from 46.2 the previous month. Analysts had forecast a small rise, but still below the boom-bust 50 level. New orders...

AFTER THE CLOSE.(TO THE POINT)
May 2, 2003... DISNEY met views of 11 cents a share, 15% below last year, as a weak economy and Iraq war hit theme park attendance and low ratings plagued ABC. Sales rose 6.7%, aided by its film units. INFOSPACE lost 4 cents net a smaller loss than last...

BUSINESS BRIEFS.(TO THE POINT)
May 2, 2003... INVESTORS Some investors can beat Wall St. Some 20% consistently pick stocks that outpace the stock market as a whole, says an Ohio State University study. It looked at 113,000 accounts of large discount brokerages from '90-'96. This...

BUSINESS BRIEFS.(TO THE POINT)
May 2, 2003... MEDICAL Teva beats Q1, backs '03 outlook The Israeli generic drug firm made 50 cents a share, 4 cents over views and 56% vs. last year. Sales rose 39% to $757.4 mil, the 3rd straight quarter of faster growth. Teva backed its "rosy"...

BUSINESS BRIEFS.(TO THE POINT)
May 2, 2003... BUSINESS SERVICES Kroll beats Q1, ups '03 over views The corporate intelligence and security firm hit a new high intraday and closed up 9% to 24.32. It earned 28 cents a share, 4 cents over views and 180% over last year. Sales rose 87%...

BUSINESS BRIEFS.(TO THE POINT)
May 2, 2003... FINANCE Wall St. mulls overseas jobs shift Investment banks like Morgan Stanley, Goldman Sachs and Citigroup are mulling shipping research jobs to countries like India, where salaries for business graduates are as little as 10% of...

THE ECONOMY.(TO THE POINT)
May 2, 2003... Hundreds settle up with the IRS The agency said 1,253 taxpayers have participated in its voluntary compliance program, which is aimed at collecting taxes on holdings squirreled away in offshore bank accounts. The IRS will decide how many...

IN BRIEF.(TO THE POINT)
May 2, 2003... The CeBIT CES Home Electronics trade show, planned for May 14-17 in Shanghai, China, was canceled amid the SARS virus crisis. Kmart said its date to exit bankruptcy was pushed back one day to May 6 because a court order approving its exit...

NATION.(TO THE POINT)
May 2, 2003... Wiretaps, searches up in 2002 The Justice Dept. won approval for a record 1,228 warrants last year for wiretaps and searches of suspected terrorists and spies, a reflection of aggressive efforts to prevent terror attacks. The total for...

WORLD.(TO THE POINT)
May 2, 2003... N. Korean nuclear claim studied U.S. intelligence agencies are trying to figure out if North Korea can secretly make plutonium for nuclear arms. North Korea said it reprocessed some 8,000 rods of spent nuclear reactor fuel into...

TRENDS & INNOVATIONS.(TO THE POINT)
May 2, 2003... Calif. counties top U.S.' smoggiest Nine counties and six metropolitan areas in the state were among the worst-polluted in the nation, the American Lung Association said. San Bernardino, Fresno and Kern counties were at the top, just as...

TRENDS & INNOVATIONS.(TO THE POINT)
May 2, 2003... ** Just a few genes can turn Bacillus cereus and Bacillus thuringiensis, relatively harmless bacterias found in dirt, into a deadly form of anthrax, researchers said in Nature. ** The GAO said it can't establish a link between an epehedra...

BE PERSISTENT AND WORK HARD First Step, Determination.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
May 2, 2003... Byline: Cord Cooper 5 Determination and focus made Richard Sears and Frank Woolworth retail giants. Sears (1863-1914) became interested in mail order in his early teens. He ordered trinkets of every description, traded them with...

Create Your Own Inspiration; Power Of Words: Robert Frost turned everyday observations into literary gold.(LEADERS & SUCCESS)
May 2, 2003... Byline: CURT SCHLEIER Robert Frost didn't write his poetry at a desk in an ivory tower. The four-time Pulitzer Prize winner valued opportunities to work with his hands on the several New England farms he owned. He often hiked in the...

Hotels.com, Southwest Use Sales As Measure Of Web Success; Both firms say process of shifting customers to Web is slow, but worth it.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
May 2, 2003... Byline: MICHAEL KREY Among the benefits of the Web is this: It's a marketer's dream when it comes to the key measure of return on investment. There isn't any fancy marketing mumbo-jumbo when you ask Hotels.com or Southwest Airlines Co....

Wi-Fi Group Warns About Gear Compatibility; Testing Is Under Way.(INTERNET & TECHNOLOGY)
May 2, 2003... Byline: MIKE ANGELL If you're thinking of networking computers together with wireless gear, beware: You could have a case of failure to communicate. The Wi-Fi technical standard was designed to ensure that all kinds of wireless...

Overture Now Searching In South Korea; Move To Boost Global Sales; In April, the online search firm cut its earnings view due to lower U.S. revenue.(INTERNET & TECHNOLOGY)
May 2, 2003... Byline: PETE BARLAS Overture Services Inc. is betting that so-called paid listings will pay off overseas. The company has expanded its Web search business into South Korea and plans to move into six other countries before the end of...

Nextel Users Connect With "Push To Talk'; Rivals Entering Fray; Nextel CFO says new entrants' systems not on par with his firm's tech.(INTERNET & TECHNOLOGY)
May 2, 2003... Byline: REINHARDT KRAUSE Imitation might well be a form of flattery, but in the business world it's cause for concern. Just ask wireless phone service provider Nextel Communications Inc. The company has thrived amid tough times in its...

KENSEY NASH CORP. Exton, Pennsylvania; A Lesson In How One Product Means A Lot.(THE NEW AMERICA)
May 2, 2003... Byline: GLORIA LAU Kensey Nash might sound like the name of a country singer in the South, but it's actually a medical firm based outside Philadelphia. Still, like a lot of country singers, the company knows a thing or two about aching...

UCBH HOLDINGS INC. San Francisco, California; Bank Operator Eyes Growth In L.A., New York.(THE NEW AMERICA)
May 2, 2003... Byline: MARILYN MUCH Thomas Wu is quick to tell you he doesn't need acquisitions to fuel his company's growth. But if the chief executive of UCBH Holdings Inc. finds a deal that fits into his game plan, you can be sure he won't pass up...

Financials And Tech Funds Topped Their Sectors In April.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)
May 2, 2003... Byline: PAUL KATZEFF Fund sectors reflected the market's overall postwar buoyancy in April. All sector-fund categories except gold were up. Financial services led the way, gaining 10.84%, according to figures through Tuesday from Lipper...

Stock Funds Rose In April, Led By Finance And Tech; 7.49% gain in month puts equity in positive territory for the year, up 3.89%.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)
May 2, 2003... Byline: KEN HOOVER Riding on the back of a surging stock market, U.S. stock mutual funds put in a solid performance in April, lending credence to the belief the bear market might be over. It was the best month since October, when...

Tom Barry Sees Small Caps Charging Ahead.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)(FUND MANAGER Q & A)
May 2, 2003... Byline: PAUL KATZEFF Tom Barry is licking his chops. He feels like a baseball batter staring at a fat pitch coming right down the middle. He's cranked up to slug it out of the park. As manager of the $492 million Bjurman, Barry...

Latin America Ruled The Foreign Roost In Month; Germany could benefit from manufacturing sector if growth gains a toehold.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)
May 2, 2003... Byline: DAN MOREAU Boosted by good economic news from key countries Argentina and Brazil, Latin American mutual funds jumped 15.72% in April, Lipper Inc. reported in preliminary figures through Tuesday. That was the best performance of...

Don't Like IRS' Tax Numbers? You Can Appeal Its Decisions.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)(TAXES)
May 2, 2003... Byline: PAUL KATZEFF Not seeing eye to eye with the Internal Revenue Service? You're not alone. More than 50,000 taxpayers are locked in disputes with the IRS over one or more specific issues. The disagreements cover a wide range of...

Top Funds Still Carry Torch For Home Builders; Managers add to Centex positions, also favoring Pacific Sunwear, Chico's.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)(BUYS & SELLS)
May 2, 2003... Byline: JULIE HUYNH The nation's best-performing funds continued to tiptoe back into the market as the stock market rallied in recent months. Top funds have been buying home-builder issues Centex and Ryland Group in the latest...

New Buys Of Top-Rated Mutual Funds.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)
May 2, 2003... Hi Tech Pharma HITK Medical-Generic Drugs 33.9699984613 Stratasys Inc SSYS Machinry-Mtl Hdlg/Autmn 22.8199972610.1 Sanfillppo Jhn B Son JBSS Food-Misc Preparation 19.1998981412 Portfolio Recovery PRAA Comml Svcs-Misc 26.6395992623...

Latest Sells Of Top-Rated Mutual Funds.(SERIES: FUNDS & PERSONAL FINANCE)(IBD SPECIAL REPORT)
May 2, 2003... Newmont Mining NEM Metal Ores-Gold/Silver 14410 Camden Property Tr CPT Finance-Reit 1486 Dentsply Intl XRAY Medical/Dental-Supplies 615 Kinross Gold KGC Metal Ores-Gold/Silver 1275 Liberty Property Tr LRY Finance-Reit 1385 ...

Now, Some Facts.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
May 2, 2003... Looting: As the fog of war reporting clears, an alleged cultural catastrophe in Iraq looks to be less than feared. But will this cool the anti-U.S. rhetoric? If there was anything the anti-war chorus abhorred during the recent war in Iraq,...

Defeating Terror.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
May 2, 2003... Terrorism: The war on terror has been criticized from all sides of the political spectrum. Too much is being spent. Not enough. It's not working. Is anyone right? President Bush has taken unfriendly fire from all sides in the debate over...

LETTERS.(ISSUES & INSIGHTS)(Letter to the Editor)
May 2, 2003... Pay For Performance I was appalled by Kenneth Schroeder's piece on options (Viewpoint, Tuesday). The article was so full of unsupported statements and faulty logic that I found it difficult to believe that it was written by the CEO of a...

"Who Cares' Countries Find U.S. Model Most Appealing.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
May 2, 2003... Byline: PETER BENESH The administration took its lumps for its "coalition of the willing" in the war to liberate Iraq and the world from Saddam Hussein. One of those who sneered at the coalition was Jonathan Stevenson, an analyst at...

When Picking Stocks, Ignore Price-To-Book Value Ratios.(MAKING MONEY)(INVESTOR'S CORNER)
May 2, 2003... Byline: DAVID SAITO-CHUNG In some cases, knowing a company's book value is critical. Particularly when it's going bankrupt. Some corporations file for bankruptcy to get back on their feet financially. Others shut their doors for good,...

THE REAL MOST ACTIVE Leaders Yield Some Gains As Indexes Drift.(MAKING MONEY)
May 2, 2003... Byline: DAVID SAITO-CHUNG The S&P 500 edged less than 0.1% lower Thursday on quieter NYSE trade. The Dow eased 0.3%. Coventry Health Care, up 6.07 points in the previous two sessions, fell 2.41 to 38.41 on volume of 5.49 million...

Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
May 2, 2003... Analyzing the price and volume changes in the major market averages each day is essential to successful investing. They reveal major tops and bottoms in the stock market. Most stocks follow the general market's trend. They tend to rise...

Steel Pipe Producer Seen Doubling Profit.(B)(NYSE STOCKS IN THE NEWS)
May 2, 2003... Byline: David Saito-Chung Tenaris SA debuted on the NYSE on Dec. 16. The stock broke out of a 14-week base on April 16 and hit a new high a week later before pulling back. The Luxembourg-based firm makes seamless steel pipes and...

THE REAL MOST ACTIVE Nasdaq Rises Slightly, Leading Stocks Roll On.(B)
May 2, 2003... Byline: JONAH KERI The Nasdaq edged up to slight gains on quiet trade Thursday. The tech-laden index rose 0.6%, as did the Nasdaq 100. Volume finished lower for the second straight day. Kroll gapped up 2.02 to 24.32 on six times its...

Documentum Aims To Rally From Rough '01.(B)(NASDAQ STOCKS IN THE NEWS)
May 2, 2003... Byline: Jonah Keri Documentum gapped up within its base-on-base pattern on April 21. The stock has since traded in a tight range for a week and a half in a possible handle. It's 8% off its 52-week high. The maker of enterprise content...

Unemployment At 6%, April Job Loss 48,000, As Factories Cut Rolls; Stuck At An Eight-Year High; Bush cites labor market in calling on lawmakers to enact his tax-cut plan.(A)
May 5, 2003... Byline: JED GRAHAM The economy shed another 48,000 jobs in April and the jobless rate returned to 6%, matching an eight-year high and providing fresh evidence the jobs picture has yet to improve. Much of the weakness came from...

House Nearing Final Tax-Cut Package That Trims Cap Gains, Dividend Levies; Senate Limits Still A Hurdle.(A)
May 5, 2003... Byline: JOSEPH GUINTO The House may vote this week on a new $550 billion tax cut plan that has the White House's tentative support. But the plan does not include the end to taxes on dividends sought by President Bush. Instead, the...

IBD'S TOP 10.(A)
May 5, 2003... Businesses Slashed 48,000 Jobs 1Businesses shed jobs for a third straight month, pushing the unemployment rate back to an 8-year high of 6% from 5.8% in March. The hard-hit factory sector let another 98,000 workers go in April. The...

AFTER THE CLOSE.(TO THE POINT)
May 5, 2003... LOCKHEED MARTIN won a $1.9 bil contract to supply 48 F-16 jets to Poland. OSI SYSTEMS beat Q3 views by 2 cents with 29 cents a share ex items, up 71%. Sales for the security screening system firm rose 58.5% to 50.9 mil. FOOT LOCKER...

BUSINESS BRIEFS.(TO THE POINT)
May 5, 2003... DIVERSIFIED Tyco moves exec offices to N.J. Tyco International is moving some of its corporate offices in N.Y. and Fla. to N.J. in an effort to streamline operations. Most of its 300 top officers and staff in Manhattan and Boca Raton,...

BUSINESS BRIEFS.(TO THE POINT)
May 5, 2003... TELECOM Verizon cutting DSL price by $10 The No. 1 Baby Bell is aiming for cable broadband rivals, but may hurt AOL too. The new price, $34.95, is good for new customers and may be extended to current customers in a month. That price...

BUSINESS BRIEFS.(TO THE POINT)
May 5, 2003... FINANCE Wells Fargo Calif. loan license lost California revoked the bank's state mortgage lending license because Wells Fargo is charging interest on mortgages too early. Wells Fargo is feuding with the state over whether it must abide...

BUSINESS BRIEFS.(TO THE POINT)
May 5, 2003... TRANSPORTATION Airlines soar on Merrill upgrade Merrill Lynch raised its rating on Alaska Air, Continental, Delta, Frontier and Northwest to buy from neutral, citing waning bankruptcy threats for most and a potential restructuring...

THE ECONOMY.(TO THE POINT)
May 5, 2003... Rising confidence boosts ECRI The Economic Cycle Research Institute's weekly leading index climbed to 119.5 in the week ended April 25 from 119 the week earlier. The four-week growth rate improved to 0 from -0.1% the week before. ECRI said...

IN BRIEF.(TO THE POINT)
May 5, 2003... Boeing's plan to lease 100 767 commercial jets as refueling tankers to the Air Force could generate up to $2.8 bil in support revenue over the lease's life. Big 5 Sporting Goods earned 19 cents in Q1, up 90% from a year ago and 2 cents...