Investor's Business Daily articles from October 2002

Investor's Business Daily archives from October 2002

Limiting Losses To 8% Still No. 1 Investing Rule.(SERIES: Reading The Market)(A)(INVESTOR'S CORNER)
October 1, 2002... Byline: CRAIG SHAW Reading The Market: Fourteenth In A Series After the worst bear market in the post-World War II era, a lot of investors' portfolios are in tatters. Retirements have been postponed, vacations canceled,...

Stocks At Fresh Lows As Chicago Data Raise New Double-Dip Fears; Retailers Trim Sept. Views; Scenario gets new vigor as consumers get picky, deflation worries mount.(A)
October 1, 2002... Byline: JONAH KERI Growing concern over the economy and warnings from several retailers slapped stocks Monday. Futures projected a 1% loss before the open. Nasty surprises from the Chicago purchasing managers index heightened fear of a...

Bonds Pointing To Another Fed Rate Cut As Markets Digest Purchaser, Retail Data; 2-Yr Yield Under Fed Funds; Historically that's signaled a Fed easing shortly later, but some skeptics remain.(A)
October 1, 2002... Byline: CHRISTINA WISE Though a weak report on Chicago area manufacturing raised concerns Monday that the economy has stumbled again, plunging bond yields and hints from the Fed spawned hopes of another interest rate cut. The Chicago...

IBD'S TOP 10.(A)
October 1, 2002... Chicago, Retail Data Trip Stocks 1The Chicago purchasing and new orders indexes missed views, shoving markets down over 3% early. A brief rally cut losses to 2.3% for the Nasdaq and 1.4% for the Dow. Volume rose. Wal-Mart and department...

AFTER THE CLOSE.(TO THE POINT)
October 1, 2002... AEROPOSTALE cut Q3 profit views to 31-33 cents vs. 50-cent forecasts. The teen apparel chain also warned on Q4. It lost over 50% after hours. FOREST LABS expects to beat Q2 views of 57 cents by at least 30% on strong anti-depressant sales....

BUSINESS BRIEFS.(TO THE POINT)
October 1, 2002... BUSINESS PRACTICES Tyco probe expanded to auditor Prosecutors want to know if PricewaterhouseCoopers knew about secret bonuses paid to former execs of Tyco Int'l and accounting practices allegedly used to hide those payments. An...

BUSINESS BRIEFS.(TO THE POINT)
October 1, 2002... RETAIL/CONSUMER Walgreen misses Q4, shares fall The drug-store chain earned 24 cents, up 14% from 21 cents a year ago but missing views by a penny. Sales grew 15%, with same-store sales up 1.5%. Expenses also grew, due to new stores...

BUSINESS BRIEFS.(TO THE POINT)
October 1, 2002... TECHNOLOGY Intel chief: chip rebound murky CEO Craig Barrett says a recovery from the worst-ever downturn hinges on corporations becoming profitable again, and it's unclear when that will happen. Though he sees some uptick from holiday...

BUSINESS BRIEFS.(TO THE POINT)
October 1, 2002... FINANCE Royal Bank buys Commonwealth The bank is buying Pennsylvania's Commonwealth Bank for $46.50 a share, or $450 mil. It's Royal Bank of Scotland's 3rd buy of a U.S. bank on the East Coast in little over a year. Shares of...

THE ECONOMY.(TO THE POINT)
October 1, 2002... Japan Cabinet shuffle lifts hopes Prime Minister Junichiro Koizumi gave his pro-reform economics minister, Heizo Takenaka, the added role of top financial regulator, ousting a minister seen as an obstacle to changes. Koizumi acted to erase...

IN BRIEF.(TO THE POINT)
October 1, 2002... ** Pharmacia won FDA approval for Inspra, its high blood pressure treatment. ** Pfizer shareholders vote Dec. 6 on the Pharmacia merger. Pharmacia's vote in Dec. 9 ** Angiotech Pharmaceuticals will buy Cohesion Technologies, a...

NATION.(TO THE POINT)
October 1, 2002... Passenger carrying 2 box cutters A Bulgarian student trying to pass through airport security with a pair of scissors and two box cutters in his backpack was held on $100,000 bond. He held a one-way ticket from Atlantic City, N.J., to South...

WORLD.(TO THE POINT)
October 1, 2002... Pressed Koizumi shifts Cabinet Japan's Prime Minister Junichiro Koizumi fired top economic adviser Hakuo Yanagisawa, chief bank regulator. He wants to accelerate cleanup of the banking morass weighing down the economy. Koizumi is under...

DECIDE UPON YOUR TRUE DREAMS AND GOALS; Planning For Retirement.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
October 1, 2002... Byline: Robin Grugal 2 For many of us, the ultimate goal is early retirement. It's the final reward for a lifetime of hard work. But it takes much planning, and not just the financial kind. "The sticking point is that even as we do the...

Damien At A Glance.(LEADERS & SUCCESS)
October 1, 2002... Damien At A Glance Born:1840 in Tremeloo, Belgium. Died:1889 in Moloka'i, Hawaii. Education:Ordained as a priest in the Cathedral of Our Lady of Peace in Honolulu in 1864. Achievements: - Administered to the leprosy...

Priest's Perseverance Inspires; Be Positive: Father Joseph Damien brought hope to those who needed it most.(LEADERS & SUCCESS)
October 1, 2002... Byline: MICHAEL MINK Father Joseph Damien saw a need. Yet no one wanted to fill it. So Damien volunteered to go live among the victims of leprosy -- the victims nobody seemed to care about. Damien (1840-89) arrived in 1873 at the...

TECHBITS.(INTERNET & TECHNOLOGY)
October 1, 2002... Byline: Patrick Seitz and Mike Angell HP Is Bringing Computers Home By Taking Its Show On The Road When Hewlett-Packard Co. wanted to show consumers how to use its personal computers and imaging products in their homes, they...

Uncle Sam Still Ranks As The Best Customer In Tech Services Field; Spending On The Rise; Firms that cater to feds are in a rare tech sector that actually can grow.(INTERNET & TECHNOLOGY)
October 1, 2002... Byline: J. BONASIA These days, investors can run but they can't hide. Tech stockholders especially have suffered from the stalled economy. Where can they turn? To companies that provide government tech services, say a number of...

Cell Phones Hit Next Generation; Cameras, Colors, Keyboards; New moblie phone crop ready to tackle new tasks and cultivate new users.(INTERNET & TECHNOLOGY)
October 1, 2002... Byline: SARAH Z. SLEEPER U.S. wireless carriers are hawking fast new data networks with a spate of razzle-dazzle services. The offerings have snappy names, like "Vision" from Sprint PCS and "Express" and "Get It Now" from Verizon...

Red Hat Gets Closer To Competing With Microsoft On Desktop; Releases Linux For PC; Company says its target remains corporate users and server-led networks.(INTERNET & TECHNOLOGY)
October 1, 2002... Byline: MURRAY COLEMAN Though its stock has traded below 7 since March, Red Hat Inc. keeps chugging along as the most successful of the companies that deal just with the Linux operating system. Analysts expect Red Hat's sales to rise...

Gaming Council Sees Internet Ban As Dangerous Gamble.(INTERNET & TECHNOLOGY)(Q & A)
October 1, 2002... Byline: DOUG TSURUOKA Internet gaming is caught in a storm. Net casinos are a big way of making money on the Web. But over the last year, federal and state officials have pushed to curb such activities. Under pressure from public...

Movies Unspool On Handheld Gear; Technology Is Evolving; Though it gives travelers something to do, PDA movies are still novelties.(INTERNET & TECHNOLOGY)
October 1, 2002... Byline: DAVID NOACK On a recent flight from Minneapolis to Los Angeles, Matt Coddington reclined in his chair and settled in to watch a movie. But he didn't have to pay for the in-flight film. Nor did he have a laptop or portable DVD...

NEW-ISSUE PIPELINE REIT Looks To Street To Fund New Business.(THE NEW AMERICA)
October 1, 2002... Byline: Kirk Shinkle Forsyth Capital Mortgage Winston-Salem, N.C. 1-336-760-9331 Lead underwriters: Advest Inc. and Flagstone Securities Offering price: $10 Expected date: Sept. 30 Ticker: FYC THE BUZZ ...

TREX CO. Winchester, Virginia Building-Products Supplier Builds Turnaround.(THE NEW AMERICA)
October 1, 2002... Byline: MARILYN ALVA Sometimes business can be too good. Trex Co. found that out last year with its wood-substitute decking lumber. The problem started a couple of years before, when Trex got hit by an avalanche of orders. It...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
October 1, 2002... Key Fund Holdings / Bunge was a top holding of Franklin Small Cap Value Fund in the latest reporting period. The company's earnings rose 533% and 39% the past two quarters, while sales grew 9% and 15%. The stock has been building a...

Stock Funds Took It On Nose In Sept.; Fixed-Income Shines; As stocks hit low, a bond manager is troubled by fixed-income euphoria.(MUTUAL FUNDS)
October 1, 2002... Byline: KEN HOOVER Stocks staggered to new lows in September, dragging stock funds down with them, as the longest and the most severe bear market since the 1930s dragged into its 30th month. Aside from the extraordinary performance of...

Just Fine, Thank You.(ISSUES & INSIGHTS)(EDITORIALS)
October 1, 2002... Economy: "Pay no attention to that ticker tape on the wall! Everything's fine. Just fine." That seems to be the message from our economic leaders as stocks plunge. All those who feel better, raise your hand. The latest happy talk came...

A Lack Of Resolve.(ISSUES & INSIGHTS)(EDITORIALS)
October 1, 2002... United Nations: What use is a global peace organization that won't (or can't?) enforce its own rules? The fair-minded would have to answer, "Not much." The U.N. wants us to believe it has "made the world a better place." Its Web site...

LETTERS.(ISSUES & INSIGHTS)
October 1, 2002... Limit Malpractice Damages You are absolutely right to emphasize the need for limiting lawsuits against doctors. The malpractice system has been wreaking havoc on the health care system for decades. It has the extraordinary ability to...

Democrats Face Uphill Fight In Holding Control Of Senate.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
October 1, 2002... Byline: SEAN HIGGINS Washington was jolted Monday by news that Sen. Robert Torricelli, D-N.J., would end his re-election bid for a second term from the Garden State. "I could not stand the pain if any failing on my part will do damage...

THE REAL MOST ACTIVE Retail Sector Woes Slam Stock Indexes.(MAKING MONEY)
October 1, 2002... Byline: DAVID SAITO-CHUNG The S&P 500 fell 1.5% on Monday on another down day in higher NYSE volume. The Dow industrial average took out its July 24 intraday low and lost 1.4%. Retailers tumbled on news that consumer spending in August...

Savvy Pricing Helps Boost HMO's Earnings.(B)(NYSE STOCKS IN THE NEWS)
October 1, 2002... Byline: David Saito-Chung WellPoint Health Networks stopped a four-week slide in August when it bounced off its 200-day moving average, a key long-term trend line. Although volume in the week ended Aug. 9 paled compared with the previous...

THE REAL MOST ACTIVE Nasdaq Tumbles 2.3% To Six-Year Closing Low.(B)
October 1, 2002... Byline: CRAIG SHAW The Nasdaq fell 2.3% Monday as weak manufacturing data fanned fears about corporate profits. The index pared intraday losses, but still posted a six-year closing low. Trade picked up from Friday. Retailers had a...

Web Hotel Network Reclaims Support Line.(B)(NASDAQ STOCKS IN THE NEWS)
October 1, 2002... Byline: Craig Shaw Hotels.com, formerly Hotel Reservations Network, has had a wild ride the past year. It dived nearly 50% the week the markets reopened following 9-11. It took off the next few months, breaking out of a long base this...

Use Charts To Sell At The Top.(SERIES: Reading The Market)(A)(INVESTOR'S CORNER)
October 2, 2002... Byline: DAVID SAITO-CHUNG Reading The Market: Fifteenth In A Series Since Sept. 12, this column has focused on the many false turns and sell-offs in this bear market. We aimed to show just how crucial it is to let the market be...

More Momentum Is Lost With 1st Drop Since Jan. In Manufacturing Index; "Stagnant,' "Sluggish' Reading; Purchasers survey raises question of double dip or only a momentary lull.(A)
October 2, 2002... Byline: CHRISTINA WISE The nation's manufacturing activity declined in September, breaking a seven-month growth streak. The Institute of Supply Management's manufacturing index dropped to 49.5 from 50.5 in August. That's lower than its...

IBD'S TOP 10.(A)
October 2, 2002... Deal On For Inspectors' Return 1Chief U.N. weapons inspector Hans Blix made a tentative deal with Iraq to return to check for illegal, nuclear, chemical or biological arms. Iraq accepted previous U.N. resolutions, but it won't let...

AFTER THE CLOSE.(TO THE POINT)
October 2, 2002... CHICO'S FAS same-store Sept. sales are above plan. The apparel chain is OK with Q3 views of 16 cents, up 45% from last year. CATALINA MARKETING cut Q2 profit views to 22-23 cents, from 25-26 cents. The provider of marketing services blamed...

BUSINESS BRIEFS.(TO THE POINT)
October 2, 2002... MEDIA/LEISURE Eisner: 50-50 chance of CNN deal Disney's CEO confirmed talks to merge the firm's ABC news with AOL Time Warner's CNN but said the chance of such a deal is "50-50 at best." Michael Eisner also said he would "reluctantly"...

BUSINESS BRIEFS.(TO THE POINT)
October 2, 2002... TELECOM Out of loop, telecom chair claims Global Crossing Chairman Gary Winnick testified he wasn't informed of the fiber optic firm's desperate finances before he sold $123 mil in stock. All told, stock sales brought him $734 mil....

BUSINESS BRIEFS.(TO THE POINT)
October 2, 2002... TECHNOLOGY Nintendo cuts April-Sept. outlook The Japanese videogame maker cut its GameCube game console shipment target for the March-ending fiscal year by 2 mil units to 10 mil. Nintendo also slashed its profit view for April-Sept. to...

BUSINESS BRIEFS.(TO THE POINT)
October 2, 2002... RETAIL/CONSUMER Slowing sales hit teen clothiers Newly public Aeropostale plunged 58% after slashing views for the rest of the year because of sparse mall traffic and bad fashion timing. The news hit a wide swath of clothing retailers,...

THE ECONOMY.(TO THE POINT)
October 2, 2002... Chain-store sales weaken again Same-store sales at major discount and department chains fell 0.8% last week from the prior week, the Bank of Tokyo-Mitsubishi and UBS Warburg said. That followed a 1.7% drop. For Sept., BTM sees sales up...

IN BRIEF.(TO THE POINT)
October 2, 2002... Career Education replaces Pennz-oil in the S&P MidCap 400 after Tuesday's close. DuPont won clearance from antitrust regulators to buy ChemFirst, a specialty chemicals producer. Air Products & Chemicals will buy American Homecare...

NATION.(TO THE POINT)
October 2, 2002... N.J. court to hear election case The state Supreme Court agreed to hear arguments over whether Democrats can replace Sen. Robert Torricelli on the Nov. ballot in a crucial election battle that may decide who controls the U.S. Senate after...

WORLD.(TO THE POINT)
October 2, 2002... Jerusalem stance provokes anger Palestinian officials reacted angrily to U.S. legislation that encouraged recognition of Jerusalem as Israel's capital. Israeli troops on buildings overlooking Yasser Arafat's office watched for wanted men...

TRENDS & INNOVATIONS.(TO THE POINT)
October 2, 2002... Pension woes hit manufacturing Stock market woes threaten to create shortfalls in the corporate pension plans of big-name firms such as General Motors, Delphi and Pharmacia, says an Argus Research economist. That's forcing executives to...

TRENDS & INNOVATIONS.(TO THE POINT)
October 2, 2002... ** IPO volume extended its 2-year slump this quarter, totaling $5.4 bil, $4.6 bil of that from CIT Group, which went public in July. ** Some 40% of menopausal women suffer from sleeplessness, according to a poll by the National Sleep...

Are You Results-Driven?(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
October 2, 2002... Byline: Cord Cooper 3 Want to kick-start your career? Then you should really zero in on results, says motivational trainer Brian Tracy. By mastering high-return tasks -- and expanding your job to embrace new goals -- you boost the odds...

Foresight Built Media Empire; Think Ahead: TV Guide founder Walter Annenberg anticipated the next big things.(LEADERS & SUCCESS)
October 2, 2002... Byline: IBD STAFF AND WIRE REPORTS Walter H. Annenberg didn't believe in making little splashes. When he and his nine sisters inherited a Philadelphia newspaper from his father, Annenberg decided the business needed to grow -- in a big...

Annenberg Facts.(LEADERS & SUCCESS)
October 2, 2002... Annenberg Facts Born: 1908 in Milwaukee. Died: Oct. 1, 2002, in Wynnewood, N.J. Education: Attended the Peddie School in Hightstown, N.J. Achievements: ** Founded Seventeen magazine and TV Guide magazine. ** Served as...

"Mobile Internet' Gives Legs To TI; Its Chips In Handhelds; Texas Instruments sees big sales opportunities with latest Net devices.(INTERNET & TECHNOLOGY)
October 2, 2002... Byline: JAMES DETAR It's always risky to predict the next big thing in technology. But William Aylesworth, a senior vice president at Texas Instruments Inc., has no qualms. That next biggie, he's convinced, is the "mobile Internet" --...

Samsung Looks To New Chip Market; "Nor' Chips Join "Nand'; Move to manufacture Nor flash chips will pit Samsung vs. Intel, AMD.(INTERNET & TECHNOLOGY)(Q & A)
October 2, 2002... Byline: JAMES DETAR South Korea's Samsung Group has a new memory chip strategy, one that may put it into direct competition with chip king Intel Corp. Samsung is the world's biggest memory chipmaker. It sells several types, including...

PATTERSON DENTAL CO. St. Paul, Minnesota; Dental Supply Firm Opens Wide For Buyouts.(THE NEW AMERICA)
October 2, 2002... Byline: MARILYN MUCH Most companies wait until they digest a major buy before scouting another. Patterson Dental Co. isn't one of them. It's the nation's top supplier of dental products and a major consolidator in its fragmented field....

KEY FUND HOLDINGS.(MUTUAL FUNDS)
October 2, 2002... Key Fund Holdings / Harman International Industries and Cooper Cos. were top 10 holdings of Target Small Cap Value Fund in the latest reporting period. Harman, an audio electronics firm, has etched a five-month base and is 17% off its May 6...

Columbia Special Looks To Its Health Sees Turnaround In Q4 Fund manager's pursuit of fast growers leads him to medical sector.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
October 2, 2002... Byline: DAN MOREAU With solid bets on mid-cap health and service sector stocks, Columbia Special Fund is banking on the aging U.S. population to push up share prices in a dozen HMO and drug service stocks in its portfolio. It's a bet...

A Torching Farewell.(ISSUES & INSIGHTS)(EDITORIALS)
October 2, 2002... Politics: New Jersey Democrats fouled up when they chose Sen. Robert Torricelli as their candidate. They got caught, and now they want to change the rules. Torricelli's supporters, Democratic voters and party bosses knew their candidate...

Blame The Test.(ISSUES & INSIGHTS)(EDITORIALS)
October 2, 2002... Education: Do tougher standards work? Not when they're undercut by massive bureaucracy, powerful teachers' unions and political correctness. Take California. Starting in 2004, students there have to take a challenging exam proving their...

LETTERS.(ISSUES & INSIGHTS)
October 2, 2002... Beware Of Humanitarianism As emphasized by "Anti-U.S. Tone In Germany Puts Schroeder On Defensive" (National Issue, Monday), German Chancellor Gerhard Schroeder has postured as a high-minded advocate of international peace, trust,...

Try Saddam For His Crimes? Balkans Tribunals No Model.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
October 2, 2002... Byline: BRIAN MITCHELL It worked so well against Slobodan Milosevic. Why not do the same to Saddam Hussein: Indict him. Charge him with war crimes. Crimes against humanity. Anything. That's been suggested. The State Department's...

THE REAL MOST ACTIVE Dow Jumps 346 As Stocks Rally Back.(MAKING MONEY)
October 2, 2002... Byline: JONAH KERI An up day for all 30 Dow stocks shoved the blue chip index to a huge gain Tuesday. The Dow vaulted 4.6%, the S&P 500 4%. NYSE volume closed above average, but below Monday's level. Forest Laboratories exploded up...

Del Monte Trying To Survive Iffy Market.(B)(NYSE STOCKS IN THE NEWS)
October 2, 2002... Byline: Jonah Keri Bad news from several big-name retailers and ugly economic data cast further doubt over the market Monday. Though a handful of stocks have performed fairly well, remember that stocks still carry heavy risks right now. If...

THE REAL MOST ACTIVE Iraq-U.N. Deal Helps Boosts Nasdaq By 3.6%.(B)
October 2, 2002... Byline: CRAIG SHAW A rally to start the fourth quarter lifted the Nasdaq composite 3.6% Tuesday as a deal between Iraq and the U.N. calmed war fears. Volume edged up from Monday, again topping the index's 50-day average. School stocks...

School Firm's Checkup Shows Strong Growth.(B)(NASDAQ STOCKS IN THE NEWS)
October 2, 2002... Byline: Craig Shaw Education stocks have been on a tear lately, rising nearly 8% as a group the past five days. Career Education Corp. gapped out of a 14-week base Tuesday, soaring 6.3% to an all-time high. The Hoffman Estates,...

Climax Run Ended JDSU's Rally.(SERIES: Reading The Market)(A)(INVESTOR'S CORNER)
October 3, 2002... Byline: JONAH KERI Reading The Market: Sixteenth In A Series They say hindsight is 20/20. Looking back at big winners that rolled over will provide a crystal-clear view on when was the time to sell. That's exactly the point....

Bullish Scenarios Are Emerging About War's Economic Impacts; Fast Resolution Is Key.(A)
October 3, 2002... Byline: JED GRAHAM A war on Iraq could boost the global economy by eliminating a terrorist threat and releasing fresh oil supplies onto world markets, a senior Commerce Department official said Wednesday. The comments in Poland by...

IBD'S TOP 10.(A)
October 3, 2002... House Passes Resolution On Iraq 1The tough measure backing military force went straight to the Senate for approval. Iraq, refusing unfettered access to presidential palaces, rejected a similar U.S.-backed U.N. resolution on arms...

AFTER THE CLOSE.(TO THE POINT)
October 3, 2002... WET SEAL sees Q3 net of 0 to 5 cents vs. views of 18. The teen retailer fell 16% after the close. GUESS sees Q3 net of 1-3 cents, below views of 7 cents. The clothing firm expected 8-10. ADVANCED MICRO sees Q3 sales of $500 mil, 19%...

BUSINESS BRIEFS.(TO THE POINT)
October 3, 2002... TELECOM BellSouth: Wireless too crowded The Cingular co-owner says consolidation is necessary for the sector's health. Cingular and AT&T Wireless are reportedly in talks to buy Deutsche Telekom's VoiceStream unit, now branded...

BUSINESS BRIEFS.(TO THE POINT)
October 3, 2002... MEDICAL Fallout from Guidant stent ruling The maker of cardiac-assist devices sank after its development of a drug-coated stent was blocked. Analysts said Guidant needed a favorable ruling to keep up with Boston Scientific and Johnson...

BUSINESS BRIEFS.(TO THE POINT)
October 3, 2002... BUSINESS PRACTICES Stewart broker asst. pleads guilty Ex-Merrill Lynch assistant Douglas Faneuil pleaded guilty to a misdemeanor for taking a payment to keep quiet about alleged insider trading involving Martha Stewart. She sold nearly...

BUSINESS BRIEFS.(TO THE POINT)
October 3, 2002... FINANCE Comerica lowers '02 profit view The Midwest bank cut its outlook to $3.40-$3.50, including a $213 mil after-tax charge to cover rising loan losses and goodwill impairment at one of its units and a 6-cent per-share charge for a...

THE ECONOMY.(TO THE POINT)
October 3, 2002... White House: stock fall takes toll White House economic adviser Glenn Hubbard told Reuters the stock market's decline is weighing on the economy but was unlikely to cause recession. "The effects . . . on consumption are likely to be more...

IN BRIEF.(TO THE POINT)
October 3, 2002... KB Home said preliminary Sept. orders rose 2.2% from a year ago to 1,350 homes. U.S. orders fell 0.6%. IBM closed its $3.5 bil purchase of PricewaterhouseCoopers' consulting unit. Alcoa began a cash offer for 3.5 mil Elkem shares at...

NATION.(TO THE POINT)
October 3, 2002... Shoe bomber to plead guilty Richard Reid, accused of trying to blow up an airliner with explosives planted in his shoes, will admit to all eight charges, his lawyer said in Boston. The American Airlines jet was on its way from Paris to...

WORLD.(TO THE POINT)
October 3, 2002... G.I. killed by blast in Philippines He and a Filipino soldier died when a rebel bomb exploded near a military camp. Another U.S. soldier was among at least 22 people wounded in the blast outside a karaoke bar. It was the second incident...

TRENDS & INNOVATIONS.(TO THE POINT)
October 3, 2002... Dividends continue rise in Sept. Standard & Poor's reports that 78 firms raised their dividends. That's up 28% from the same month last year and the third straight month of year-to-year gains. Payouts for firms on the S&P 500 will rise 2%...

TRENDS & INNOVATIONS.(TO THE POINT)
October 3, 2002... ** Auto leasing volume dropped 40% in '01 from the prior year, says the Association of Consumer Vehicle Lessors. Lower residual value and 0% financing for purchases made leasing less attractive. ** A global diabetes epidemic will double...

NEVER STOP LEARNING Keep Your Staff Educated.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
October 3, 2002... Byline: Robin Grugal 4 Cost-cutting has been a way of life at most companies recently. It seems nothing's untouchable, not even employee learning and development. Some 70% of major companies have eyed it as a good place to whittle. But is...

Furth At A Glance.(LEADERS & SUCCESS)
October 3, 2002... Furth At A Glance Born: 1930 in Vienna, Austria. Died: Feb. 21, 2002, in Philadelphia. Education: B.S. in physics from Harvard University, 1951. Ph.D. in physics from Harvard, 1960. Achievements: ** Pioneered advances in...

He Was Powered By Positivity; Think Big: Physicist Furth's optimism and enthusiasm sparked advances in fusion.(LEADERS & SUCCESS)
October 3, 2002... Byline: DONNA HOWELL Harold Furth was fueled with enthusiasm. And he wanted to translate it into energy -- for everyone. Rob Goldston, a former co-worker and current director of the Princeton Plasma Physics Laboratory, says Furth...

Just-In-Time Cuts Costs, But Has Risks, As Dock Lockout Shows; System Increases Rate Of Deliveries As Vendors Carry Inventory Costs.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
October 3, 2002... Byline: J. BONASIA What manufacturer isn't looking to cut costs? That's how many have discovered that just-in-time manufacturing just makes sense. The concept began on Henry Ford's famous assembly line. It was updated by Toyota Motor...

Pay-As-You-Go Software On The Money; ASP Model Winning Converts; Idea of software via Net, and not packaged in box, finally gaining more steam.(INTERNET & TECHNOLOGY)
October 3, 2002... Byline: J. BONASIA There's a quiet revolution going on in the software field. Developers of business software have long demanded upfront license fees when they deliver products. But software is increasingly sold as a sort of utility,...

Firms Take Look At Cyberinsurance; Interest Up After 9-11; But reduced budgets have held back many that seek such coverage.(INTERNET & TECHNOLOGY)
October 3, 2002... Byline: DONNA HOWELL Companies do a lot in the name of security to fend off hacker attacks and computer viruses. But some firms also prep for an even worse scenario: what to do if their defenses fail. Firms are considering coverage for...