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Sun, Sep 02, 2001 - Page 10 News List

Stocks suffer large losses for the week

US EQUITIES Investors began to worry throughout the week that a long-term slowdown in the US economy will begin showing up as profit losses for companies

BLOOMBERG , NEW YORK

Dell Computer Corp moved US$0.25 higher to US$21.38. The direct seller of personal computers said it moved James Vanderslice, 60, from co-president and co-chief operating officer to vice chairman as he prepares to retire in 2002. Kevin Rollins, 48, is now the sole president and chief operating officer.

Procter & Gamble Co lost US$0.44 to US$74.15. The household-products maker and Unilever NV are negotiating a settlement regarding Procter & Gamble's use of corporate espionage tactics on Unilever's hair-care business. The companies had until yesterday to settle the matter, said Unilever spokesman Steve Milton.

Starbucks Corp fell US$0.58 to US$16.87. The specialty-coffee chain said sales at stores open at least 13 months rose 1 percent in August, at the lower end of analysts' forecasts.

The Russell 2000 Index of smaller stocks rose 0.50, or 0.1 percent, to 468.56. The Wilshire 5000 Total Market Index, the broadest measure of US shares, gained 43.10, or 0.4 percent, to 10,515.09. The market value of US stocks climbed US$49.6 billion.

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