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Strategies & Market Trends : Currents of Currency -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (11)	10/17/2002 9:26:23 AM
From: Ahda	Read Replies (1) \| Respond to of 594

U.S. buyers back in the driver's seat Thu 8:42am ET After a one-day respite, good news from IBM gave buyers the upper hand once again. Giddy investors pushed stocks sharply higher in the pre-open, with the action presaging a solid open for the averages. Yes they are giddy. IBM Revenue from continuing operations was $19.8 billion, nearly unchanged from the same period last year. Sales in the Americas fell 2 percent to $9 billion. Revenue from the Europe/MiddleEast/Africa region rose 1 percent to $5.7 billion. Asia-Pacific sales rose 3 percent to $4.3 billion The sharp rise in per-share earnings despite a small drop in operating earnings comes because IBM bought back about 40 million shares on the open market since the same period a year ago. Reuters Business Report O'Neill: Econ Recovering, Sectors Uneven Wednesday October 16, 12:58 pm ET WASHINGTON (Reuters) - U.S. Treasury Secretary Paul O'Neill said on Wednesday that the U.S. economy was progressing well but that it was uneven across sectors. O'Neill told a forum held by the National Association of Manufacturers that based on his recent travels around the country, he believed that the "doom and gloom" views of the U.S. economy are not supported by reality. "The evidence I've seen doesn't support doom and gloom. It supports what I tend to call the bumpy-road recovery," he said. O'Neill did not comment on the U.S. dollar, a subject of key interest to U.S. manufacturers who complain its strength against other major currencies has hurt their profits. This sector is showing growth and inflation Dow Jones Business News Allstate 3rd Quarter Operating EPS Excluding Chgs 81 Cents The company said that as with the first two quarters of the year, rate increases in auto and homeowners lines significantly contributed to the third quarter's 8% year-over-year growth in written premiums. whoops so is this one wrong side of the world Dow Jones Business News China Asia Zirconium Seeks HK$80 Million From Main Board Listing Wednesday October 16, 8:54 am ET HONG KONG -(Dow Jones)- Asia Zirconium Ltd. said Wednesday it is seeking to raise HK$80 million from an initial public offering ahead of a planned listing on the Hong Kong stock exchange's main board. Asia Zirconium manufactures and sells zirconium chemicals, which are used in the manufacture of mobile phone components, ceramics, artificial jewelry, optical glass, optical fibers, cosmetics, ceramic pigments, fireproof materials, and nuclear-related Dow Jones Business News Toyota Aims To Sell 30,000 Units/Year Of China-Made "VIOS" Tuesday October 8, 4:01 am ET TOKYO -(Dow Jones)- Toyota Motor Corp. (TM or 7203) aims to sell 30,000 units annually of the "VIOS" subcompact, the first-ever China-made Toyota-brand passenger car, Toyota said Tuesday. This is a totally giddy group we have here. IBM bought back about 40 million shares reduced shares count does equal higher earnings as well as lower loss per share. Our labor rate is expensive our currency buys a bargain elsewhere. This is self explanatory.