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Investor's Business Daily

| November 01, 2005 | COPYRIGHT 2005 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

Bush Taps Alito For High Court

1Days after Harriet Miers withdrew, the president tapped Samuel Alito, on the 3rd U.S. Circuit Court of Appeals since 1990, for the Supreme Court opening. With strong credentials and a clear track record, conservatives quickly rallied behind his nomination. Democrats and liberal activists said he's a right-wing radical who'd gut abortion rights. More on this page

Indexes Extend Friday's Gains

2Small caps led as the S&P 600 surged 1.7%. The Nasdaq rose 1.5%, the S&P 500 0.7% and the Dow industrials 0.4%. NYSE and Nasdaq volume ran higher. Economic data and M&A activity fueled gains. Retailers, aided by Wal-Mart, were among the big winners. The 10-year Treasury yield edged lower to 4.56%. More on this page, B2

Telefonica Makes $31.4 Bil Buy

3The Spanish telecom giant will buy mobile phone operator O2 to expand in the 2 top European markets, Britain and Germany; Telefonica shares fell 3.5%. Meantime, Barrick Gold made an unsolicited $9.2 bil, or $20.50 a share, offer for Placer Dome. Swiss drug giant Novartis will pay $9 bil to wholly take over vaccine maker Chiron, and Saks sold 140 stores to Bon-Ton. More on A2

Dell Warns Of Q3 Miss, Charge

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