To: Rossignol who wrote (85501 ) 10/12/2000 10:57:49 AM From: Night Writer Read Replies (1) | Respond to of 97611 In case you missed the bad world news this morning. NW Crude surges 10% on attack on US Navy ship, West Bank clashes New York--Oct. 12--Crude oil futures in New York surged more than 9% in frenzied early trading as tensions in the Middle East reached crisis levels following an apparent terrorist attack on a U.S. Navy ship in Yemen and the with escalation of conflict in the West Bank. Crude for November delivery was up $3.10 a barrel at $36.35, while Brent crude on London's International Petroleum Exchange rose $2.61 to $34.40. ( Story .1899 ) US Navy says four sailors killed in suspected terrorist attack in Yemen Aden, Yemen--Oct. 12--A U.S. Navy ship in the Yemeni port of Aden has been struck by a small boat killing at least four Americans and injuring at least 30 in what U.S. officials described as an apparent terrorist attack. The destroyer USS Cole was rammed by an inflatable craft and an explosion followed, a Pentagon official said. Yemen has seen an increase in violent demonstrations with an anti-U.S. tone in recent weeks sparked by the tensions in the Middle East. ( Story .15441 ) Israel orders Palestinian HQ cleared; plans to "level" building Washington--Oct. 12--Israel has ordered the Palestinian headquarters in the Gaza Strip to be evacuated and plans to "level" the building, NBC News reported, citing U.S. officials. The Associated Press said that Palestinian leader Yasser Arafat's headquarters and buildings near it were being evacuated as four Israeli attack helicopters hovered overhead. The move follows the killing of two Israelis in Ramallah by Palestinians earlier Thursday. ( Story .17296 ) Dow plunges as tensions mount in Middle East; bonds climb New York--Oct. 12--The Dow Jones industrial average fell over 300 point in early trade as the escalating conflict in the Middle East spooked investors. U.S. treasury and note prices climbed as investors looked to a safe haven. The Dow was last down 249 points at 10,168 and the Nasdaq was down 22 points at 3145. ( Story .1300 ) Home Depot warns on third-quarter earnings New York--Oct 12--Home Depot Inc. (HD), the No. 1 home-improvement retailer, said third-quarter earnings will fall short of expectations amid lower retail prices for lumber and building materials. The company said it expects earnings of 28 cents a share, below consensus estimates of 31 cents, but 12% higher than the figure a year ago. ( Story .16266 ) General Motors edges above Q3 estimates amid strong US sales pace Detroit--Oct. 12--General Motors Corp. (GM) said it earned $1.55 per share in the third quarter, slightly above analyst expectations of $1.54. The company saw the majority of its earnings come from its North American operating unit, which benefited from the continued strong sales pace in the U.S. auto market. ( Story .15213 )