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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (1773)	6/10/1998 4:52:00 PM
From: Dragon 1	Respond to of 6439

To all, I have been trying to find out which company manufactures Dunhil cigarettes but to no avail. Could anyone help and with the ticker symbol? TIA.

To: Rarebird who wrote (1773)	6/10/1998 5:08:00 PM
From: Rob Rob	Read Replies (1) \| Respond to of 6439

cnnfn.com Stocks choke on smoke Lawsuit loss for big tobacco eats away at blue chips' gains June 10, 1998: 3:31 p.m. ET Europe reverses most losses - June 10, 1998 Currencies crush Pac Rim - June 10, 1998 View the latest market update via VXtreme See how your mutual funds are doing Play CNNfn's Final Bell Need investing advice? Try Quicken.com on fn More related sites... NEW YORK (CNNfn) - Wall Street suddenly coughed in late trading Wednesday, as tobacco stocks choked on news that a Florida jury ruled in favor of the family of a man who died of cancer after smoking for many years. Earlier, blue chip stocks had attempted a brief rally after a balanced view of the economy by Federal Reserve Board Chairman Alan Greenspan. Sharing his views on the economy and monetary policy with the Joint Economic Committee of Congress, the Fed chief said interest rates would have to rise unless the current pace of growth slows down. But he quickly added that the central bank sees no reason yet to tighten rates as it continues to keep a close eye on inflation. Greenspan's statement that unless economic conditions remain "exceptionally favorable," the current levels of stock prices would be hard to sustain, was largely seen as a half-hearted attempt to let some steam out the stock market. Shortly after 3 p.m. the Dow Jones industrial average tumbled 53.81 points to 8,996.11. On the New York Stock Exchange, losers led gainers 1,723 to 1,175 on trading volume of 453 million shares. The Nasdaq Composite, weighed down by weakness in the technology sector, slipped 16.46 to 1,784.30, while the S&P 500 index shed 2.54 to 1,115.87. The bond market, which rose sharply after Asian markets plummeted overnight, extended its gains in the wake of Greenspan's speech. The benchmark 30-year Treasury bond rallied 1-3/32 points in price, driving the yield down to 5.71 percent. The combination of Greenspan, the Pacific Rim market sell-off, and no evidence that the Group of Seven industrialized nations has agreed to act in support of the yen lifted the dollar sharply against the Japanese currency. The greenback also climbed against the German mark. Big tobacco loses again News that a Florida jury, in a ruling against tobacco firm Brown & Williamson, awarded $500,000 to the family of a smoker who died of cancer sent other tobacco stocks slumping and drove the rest of Wall Street south. Shares of Dow component Philip Morris (MO) fell 2-9/16 to 37-11/16. More profit warnings In stocks, investors continued to get a taste of what the current quarter's corporate profits will look like and sold shares as more firms came forward to forecast lower-than-expected results. Among the big losers was Western Digital (WDC). The company said late Tuesday that a continuing oversupply in the computer disk drive market will contribute to a larger-than-expected fiscal fourth-quarter loss and put it technically in default on its debt from banks. Western Digital also said it is considering more layoffs after cutting its work force by 22 percent since November. The stock plunged 4-1/16, or more than 26 percent, to 11-7/16, the most active issue on the Big Board. And Lattice Semiconductor (LSCC) shed 8-7/8, or more than 24 percent, to 27-5/8 after warning the market late Tuesday that fiscal first-quarter earnings would fall about 30 percent below results from the previous three months. Shares of MTI Technology Corp. (MTIC), a provider of high performance data storage devices, lost 1-3/4, or almost 17 percent, to 8-5/8, after the company said slower European operations will result in disappointing fiscal first-quarter earnings. Other big-name technology issues were mixed. Intel (INTC) slipped 5/8 to 69-9/16, Dell (DELL) lost 7/16 to 85-1/16, and Microsoft (MSFT) edged up 3/4 to 87-13/16. Dow component IBM (IBM) lost 1/8 to 119-1/8. Separately IBM said it plans to spend $100 million to develop new custom chips for use on everything from digital cameras to computers and TV set-top boxes. Elsewhere, shares of Manor Care (MNR) rallied 4-5/8, or almost 15 percent, to 35-5/8, topping the list of NYSE net gainers, on news the company will join forces with rival Health Care & Retirement Corp. (HCR) in a $5 billion stock deal that will create the nation's largest long-term health care firm. Shares of HCR fell 3/4 to 37. Finally, in the day's hot initial public offering, shares of search engine Inktomi (INKT) soared 103 percent to 36-9/16 and headed the list of Nasdaq net gainers after pricing at 18 on their first day on the market. -- by staff writer Malina Poshtova Zang Dow industrials Nasdaq S&P 500 home \| markets \| contents \| search \| stock quotes \| help Copyright c 1998 Cable News Network, Inc. ALL RIGHTS RESERVED.

To: Rarebird who wrote (1773)	6/11/1998 8:10:00 PM
From: don kramer	Read Replies (2) \| Respond to of 6439

An Obscure, piece of news, overlooked, by the fearful and panicky! However, it is news, which coincides with the overall major theme. That is to say, that the Federal Courts will rule on the "law". 06/10/98 WISCONSIN: Judge: State Can' T Participate In Rock County Tobacco Lawsuit Minneapolis-St. Paul Star Tribune Wisconsin officials cannot join a Janesville couple' s lawsuit suing the tobacco industry for illness caused by smoking, a federal judge ruled Wednesday. State officials failed to prove the couple represented a class of people who have been harmed by smoking and thus cannot be part of the lawsuit, U.S. District Judge BARBARA CRABB ruled. ------ Of course, this decision, is consistent, with the important recent Ohio Supreme court, and Pennsylvania Federal court rulings against, class actions, and a third party presenting itself in the shoes of the plaintiff. No pain, Rocky, no pain ! dk