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Investor's Business Daily

| December 02, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Bankruptcy Fears Hit United Air

1The No. 2 U.S. airline dived 31% to 2.51 after United Airlines mechanics rejected $700 mil in proposed wage cuts over 5.5 years. That makes the UAL unit likely to file for bankruptcy over the next two weeks unless it can quickly strike a deal with mechanics and secure a $1.8 bil federal loan, sources said. United has a $375 mil debt payment due Monday. More on A5

Oct. Chip Sales Up For Holidays

2 As gadget-makers stocked up for the key shopping season, sales grew to $12.5 bil, 1.8% above Sept. and 20% higher than last year, says World Semiconductor Trade Statistics. That's slightly better than expected. Wireless and flash memory chips did well, thanks to fancier wireless phones and digital cameras. More on this page

Dow Extends Weekly Win Streak

3The Dow slipped 0.4%, but still logged its eighth straight up week, the longest streak since March 1998. The S&P 500 fell 0.3% and the Nasdaq 0.6%. Volume was less than half normal in the shortened session. Fiber-optic stocks led winners; home builders declined. For the month, the Nasdaq gained 11.2% and the S&P 5.7%. More on B2

Global Managers Up U.S. Stocks

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