Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: StanX Long who wrote (60141)	2/7/2002 3:29:00 AM
From: StanX Long	Read Replies (2) of 70976

European stocks retreat on worries over corporate standards Thursday February 7, 4:08 AM sg.biz.yahoo.com European shares ended in retreat after a suspected multimillion-dollar fraud at Ireland's biggest bank added to worries about corporate standards. In London the FTSE 100 index of leading shares eased 0.38 percent to 5,073.80 points. The Frankfurt DAX 30 index plunged 2.68 percent to 4,804.41 points, while the Paris CAC 40 index fell 0.79 percent to 4,273.81 points. The pan-euro zone Euro Stoxx 50 index shed 1.48 percent to 3,483.33 points. The euro rose to 0.8690 dollars. Investors reeled at news that Allied Irish Banks (AIB) had uncovered a suspected 750-million-dollar (866 million euro) fraud by an alleged rogue trader at its US subsidiary Allfirst, sparking fears of a repeat of the Nick Leeson scandal that felled Barings Bank in 1995. Investors bid the AIB share price down 2.35 euros to 11.30.

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