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Sun, Jan 13, 2002 - Page 10 News List

Stocks fall following Greenspan's warning

US EQUITIES The Federal Reserve chairman said an economic recovery may be in jeopardy, causing investors to rethink their positions while making bonds look better

BLOOMBERG , NEW YORK

Kmart Corp plummeted for a third day, losing US$0.90 to US$3.30 on concern the third-largest US discount chain lacks the funds to carry out CEO Chuck Conaway's turnaround plans.

Microsoft declined US$0.67 to US$68.61, giving up a 1.5 percent gain, after a US District Judge rejected Microsoft's offer to give public schools in poor neighborhoods $1 billion worth of computers to settle class-action lawsuits claiming it overcharged customers.

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