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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (21141)	5/8/2001 9:01:31 AM
From: 2MAR$	Respond to of 37746

Productivity Data 'Bad News For The Fed' Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 9:00 (Dow Jones) The first drop in productivity since 1995 "is bad news for the Fed," says Lehman's Drew Matus. The increase in unit labor costs "bodes ill for future inflation news," he adds. (MSD) 8:59 (Dow Jones) Gabelli's lament. Carter-Wallace (CAR) finally gets sold in two parts: consumer-products arm goes to a packaged good company, and another group gets healthcare business. CAR holders get $20.30 a share, or a total of $1.2B. But taxes related to selling the company in pieces will shave enough off to bring that value below $1B. And the per-share is less than where the company's stock closed Monday, at $22.56. Investor and CAR holder Mario Gabelli has been badmouthing this months-long auction and probably won't be satisfied with these results. Late last month he told The Wall Street Journal that a deal along the terms above would be like "giving the company away for nothing." (GC) 8:53 (Dow Jones) One quarter's productivity data do not a trend make, but the unexpected decline for 1Q will stand as a bit of a challenge to those who've argued that technological change has made productivity growth immune to cyclical effects. (MC) 8:49 (Dow Jones) HomePlace's liquidation of remaining 62 stores will probably provide substantial long-term positive for Bed Bath & Beyond (BBBY) and Linens n' Th * end of story *