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To: REW who wrote (22857)4/1/1999 8:47:00 AM
From: LadyTrader  Read Replies (2) | Respond to of 44908
 
Bob: That section caught my attention too. <eom>



To: REW who wrote (22857)4/1/1999 8:51:00 AM
From: V$gas.Com  Respond to of 44908
 
Will it have any effect?

Wall Street seen saying 'yahoo' to mergers at open

By Jennifer Shaw

NEW YORK, April 1 (Reuters) - U.S. stocks were seen getting a boost at the open
Thursday from a merger of two of the Internet's highest flyers and a spate of other deals on a
day laden with key economic data.

''The big news is mergers -- the Internet stocks will probably continue to shine,'' said Peter
Cardillo, director of research at Westfalia investments.

Yahoo! (Nasdaq:YHOO - news) announced it would buy Broadcast.com (Nasdaq:BCST - news) in a deal worth about $5.7
billion.

Oil stocks could be fueled by confirmation that BP Amoco (quote from Yahoo! UK & Ireland: BP.L) (NYSE:BP - news) will buy
Atlantic Richfield Co. (NYSE:ARC - news).

Elsewhere, CBS Corp. (NYSE:CBS - news) announced an agreement to buy King World Productions Inc. (NYSE:KWP -
news) for $2.5 billion in stock.

On the data front, February personal income and consumption data are due at 0830 EST/1330 GMT, as are weekly jobless
claims for the period ended March 27. February construction spending and the NAPM index are slated for release at 1000
EST.

After the market absorbs the data, trading is expected to taper off as participants leave early for the holiday weekend.

(Note: this article is ''in progress''; there will likely be an update soon.)

More Quotes
and News:
NYSE:BP - news
Atlantic Richfield Co (NYSE:ARC - news)
broadcast.com inc (Nasdaq:BCST - news)
CBS Corp (NYSE:CBS - news)
DJ INDU AVERAGE (Dow Jones & Company, Inc) (^DJI - news)
King World Productions Inc (NYSE:KWP - news)
Yahoo Inc (Nasdaq:YHOO - news)