Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (1617)	1/27/1998 4:18:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

tom, I haven't been able to find a reference to a moratorium. Do you have a link? Also, did you notice the story that they are close to agreement on a rollover for Korea? yahoo.com Best, Stitch

To: tom who wrote (1617)	1/27/1998 7:16:00 AM
From: Thomas Haegin	Respond to of 9980

tom, like Stitch, I could not find anything besides this notes from the WSJ (via NewsAlert). But maybe I have missed something... or do you have a private reliable source? Thomas --------------------------- PRESS DIGEST - Wall Street Journal - January 27 Reuters Story - January 27, 1998 03:18 -------------------------------------------------------------------------------- Jump to first matched term NEW YORK, Jan 27 (Reuters) - The following stories were reported in Tuesday's electronic version of The Wall Street Journal. * Compaq Computer Corp agreed to buy Digital Equipment Corp for $8.55 billion, or $57.40 a share. * Northwest Airlines Corp and Continental Airlines Inc formed an alliance, ending Delta Air Lines Inc's bid to buy Continental. * AT&T Corp will cut up to 18,000 jobs and take up to $1.2 billion in charges against earnings in the first half. It also reported quarterly results showing lackluster revenue growth. * General Motors Corp posted quarterly net of $1.74 billion, more than doubling its year-earlier profit of $786 million. * Japanese prosecutors raided the Finance Ministry, arresting two officials on charges they took bribes to alert banks about future inspections. * Indonesia unveiled banking reforms, but raised the specter of a debt moratorium as some firms will get a "pause" in foreign-debt payments. * PECO Energy Co took a $3.1 billion pretax charge against fourth-quarter arnings, citing costs from impending utility-industry deregulation. * Clinton's troubles have sparked investor concern at a time when the U.S. economic climate is viewed as favorable. * The Dow Jones industrials edged higher and the 30-year Treasury bond soared, pushing the yield down to 5.89 percent. * Microsoft Corp split its common stock for the seventh time. * Union Pacific Resources Group Inc will buy Norcen Energy Resources Ltd of Canada for $2.55 billion and the assumption of $900 million in debt. * Nabisco Holdings Corp quarterly earnings jumped 33percent, and projected flat earnings through 1998. * The Supreme Court will review parts of the 1996 Telecommunications Act, leaving communications firms in limbo pending a decision next year. * American Express Co had a 17 percent drop in quarterly net income due to a onetime gain a year earlier. * Travelers Group Inc's quarterly net fell 35 percent. Profit gains in its insurance and other businesses were offset by trading losses at Salomon. * Sales of existing homes slipped 2.1 percent in December. In all of 1997, 4.21 million homes changed hands. * TransCanada PipeLines Ltd and NOVA Corp plan to merge their operations in a deal valued at more than $4.6 billion. * A takeover battle appears to be looming for Energy Group Plc , as Texas Utilities Co considers topping a $6.2billion bid made by PacifiCorp last year. * Merrill Lynch and Co Inc can't force a former financial consultant to take her sex-discrimination claim to an arbitration panel because the industry's arbitration system is unfair. Heard on the Street: Clinton's problems could damage markets. Credit Markets: Bond prices climb sharply on Clinton's denial of sexual impropriety and on the dollar's rebound. ----------------------- Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.