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BUSINESS NEWS.(TO THE POINT)

Investor's Business Daily

| October 02, 2001 | COPYRIGHT 2001 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

MARKETS

FASB rules companies can't treat

attacks as "extraordinary' items

A Financial Accounting Standards Board task force initially planned to let firms separate the cost of the Sept. 11 events from the cost of ongoing operations. But the FASB decided the details were too complex. Companies can still footnote costs from the attacks. The FASB may have feared firms would use the attacks as an excuse for unrelated events.

NYSE cuts trade curb, halt levels

The levels are based on the average value of the Dow industrials in the last month of the past quarter. The Dow began Q3 at 10,502.4. It started Q4 on Monday at 8,847.6. The first curb now is a 180-point move in the Dow vs. the prior 210. Trading halts will occur at 900, 1,800 and 2,700 drops. The levels were 1,100, 2,150 and 3,250.

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