Tuesday, March 13, 2001
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Specialist Perry Jacobson, left, directs trading in shares of Corning Inc. on the floor of the New York Stock Exchange yesterday. Wall Street resumed a selloff that began last week following warnings from tech bellweathers Yahoo, Intel and Cisco Systems.

Associated Press

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Nasdaq fears infect other market indexes
The record-setting Nasdaq bear market that delivered a knockout punch to tech stocks is now digging its claws into the broader market. The S&P 500 is officially in a bear market, too.
Highlights of yesterday's market moves

Coco Palms closing in on sale
The sale of the venerable Coco Palms Hotel to Coco Kauai LLC has been hampered by zoning, highway and legal issues, but it appears to be nearing a close.

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Cell phones debated as traffic risk
Everyone accepts that alcohol impairs driving ability, but there is relatively little statistical backing for a charge that cell phones pose a traffic hazard.

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Outrigger expands further in Pacific
Honolulu-based Outrigger Hotels & Resorts has announced its first property in New Caledonia, further extending the company's aggressive Pacific expansion.
Nikkei tumbling toward 16-year low
Japan's stock market continued to drop today, despite new economic data showing slightly stronger growth than expected. The Nikkei 225 fell 1.9 percent, on course to the lowest close since Feb. 7, 1985.
Japan investors embracing government bonds
Microsoft-eBay deal may boost auction house's sales
EBay Inc. and Microsoft Corp. are forming an alliance that will let the biggest Internet auction company use the No. 1 software maker's Web technology to try to gain users.
Napster may be unable to meet court deadline
Napster Inc. isn't likely to meet tomorrow's deadline to cull 135,000 songs from its online music-sharing service. It faces a shutdown or lesser penalties, analysts said.
Business briefs
Entrepreneurs practice pitches; Pilots’ union gets new leader.
Page Posted On: Tuesday, March 13, 2001
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