See news at:
cbs.marketwatch.com
When America Online announced that NetGrocer was paying it a guaranteed $15 million over three years to be the online service's exclusive grocery retailer, AOL investors cheered, bidding up the market valuation of the popular Internet access provider by more than $400 million.
Only one problem: NetGrocer, which, because of high shipping costs, loses more money every time it gets an order, will never be able to afford to pay the bill (never mind the millions it will owe Yahoo! [YHOO], Excite [XCIT] and iVillage under similar deals) unless it finds a way to raise some serious dough.
CME Globex Futures
8:05:03 AM S&P 500 DEC98 977.50 +820, NSDQ100 DEC98 1161.00B +2000
8:00:59 AM S&P 500 DEC98 977.00 +770, NSDQ100 DEC98 1161.00B +2000
7:54:58 AM S&P 500 DEC98 976.50 +720, NSDQ100 DEC98 1161.00B +2000
NIKKEI 225 INDEX (IND:^N225) Cls 13026.06, Opn 12923.45, 52Wk 12910.27 - 17352.95
2:03AM 12879.97, Chg -146.09 (-1.12%), Rng 12787.90 - 13301.53
HANG SENG INDEX (HKG:^HSI) Cls 7939.51, Opn 8026.17, YTD 6544.79 - 11926.16
4:00AM 8506.79, Chg +567.28 (+7.15%), Rng 8026.17 - 8527.01
SSE COMPOSITE (SHS:^SSEC) Cls 1228.710, Opn 1231.942, 52Wk 1043.022 - 1422.979
3:00AM 1236.932, Chg +8.222 (+0.67%), Rng 1229.846 - 1241.050
TAIWAN WEIGHTED (TAI:^TWII) Cls 6970.23, Opn 6990.06, YTD 6219.89 - 9378.52
12:03AM 6944.17, Chg -26.06 (-0.37%), Rng 6893.75 - 7064.83
DT. AKTIEN INDEX (FRA:^GDAX) Cls 3896.08, Opn 3985.02, YTD 3833.71 - 6217.83
8:09AM 3996.75, Chg +100.67 (+2.58%), Rng 3911.40 - 4011.03
8:08AM 3996.75, Chg +100.67 (+2.58%), Rng 3911.40 - 4011.03
8:08AM 3996.18, Chg +100.10 (+2.57%), Rng 3911.40 - 4011.03
SWISS MARKET IND (ZRH:^SSMI) Cls 5293.7, Opn 5386.0, YTD 5108.3 - 8489.0
8:09AM 5466.4, Chg +172.7 (+3.26%), Rng 5307.0 - 5472.4
8:08AM 5461.1, Chg +167.4 (+3.16%), Rng 5307.0 - 5472.4
8:08AM 5460.9, Chg +167.2 (+3.16%), Rng 5307.0 - 5472.4
MOS TIMES INDEX ( :^MTMS) Cls 191.54, Opn 194.58, YTD 172.53 - 843.05
5:28AM 194.58, Chg +3.04 (+1.59%), Rng 194.58 - 194.58
CAC 40 INDEX (PAR:^FCHI) Cls 2959.97, Opn 3020.97, YTD 2809.73 - 4404.94
8:08AM 3086.90, Chg +126.93 (+4.29%), Rng 3040.55 - 3086.90
8:08AM 3084.83, Chg +124.86 (+4.22%), Rng 3040.55 - 3084.83
8:07AM 3083.61, Chg +123.64 (+4.18%), Rng 3040.55 - 3084.65
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