Light trading leads to slight Dow drop
NEW YORK -- Stocks ended a lackluster session with mixed results Monday as investors stepped back from Friday's rally in technology shares.
After shifting in a narrow range for much of the session, the Dow Jones industrial average rose 1.90 points to close at 11,030.33.
Declining issues outnumbered advancers by a 13-to-9 margin on the New York Stock Exchange, where volume totaled 652.22 million shares, compared with 802.51 million Friday.
Hartsfield work to result in delays
ATLANTA -- Flight delays are likely at Hartsfield Atlanta International Airport for the next month or so because of a $52.2 million project to rebuild the airport's southernmost runway.
The runway will be closed during the construction, which begins Friday. Planes instead will use a taxiway for some landings.
The delays, expected to be from one to eight minutes on average, are a safety measure to keep airplanes and construction equipment from running into one another. Delta Air Lines and AirTran Airways, the two carriers that dominate traffic at Hartsfield, have adjusted their schedules to minimize delays.
Motorola courts cable box company
NEW YORK -- Motorola Inc. is in talks to acquire General Instrument Corp., and Wall Street is expecting other bids to emerge for the leading provider of cable TV set-top boxes.
The acquisition would be a coup for Motorola, giving the company a stronger position in the fast-growing "broadband" technology, which combines Internet, television, radio and telephone services.
Motorola would pay about $10 billion in stock for General Instrument, according to reports Monday in The Wall Street Journal and the Los Angeles Times. A deal could be announced as early as this week, the papers reported. The source familiar with the talks, who spoke with The Associated Press, cautioned the talks still could fall apart.
Sony sets PlayStation2 schedule
TOKYO -- Sony Corp. heated up the video-game wars with rivals Sega and Nintendo on Monday when it announced that the new version of its PlayStation gaming system will hit store shelves in Japan in March.
PlayStation2, which will sell for about $360, will be able to link to the Internet.
The new machine will be available in the United States and Europe in fall 2000, in time for the holiday shopping season. Sony said the price may come down when PlayStation2 is launched outside Japan.