Originally created 05/24/00

Business briefs: Nasdaq dives to six-month low

NEW YORK -- The Nasdaq composite index fell nearly 200 points Tuesday, sinking to its lowest close since November.

The Nasdaq fell 199.66, to 3,164.55. With Tuesday's losses, the Nasdaq is now down a stunning 37 percent from that record.

The Dow Jones industrial average, which flirted with positive territory at several points, finished down 120.28, at 10,422.27.

Declining issues outnumbered advancers by a 6-to-5 margin on the New York Stock Exchange.

Microsoft returns to hear remedy

WASHINGTON -- Microsoft returns to court today, hoping to get an indication of how seriously a federal judge is considering a government plan that would break up the software giant.

Microsoft will face government attorneys during a hearing scheduled before U.S. District Judge Thomas Penfield Jackson, who oversaw the 78-day antitrust trial. The hearing today is intended to help Judge Jackson determine the best remedy to impose against Microsoft to restore competition in the software industry.

Group warns of Web's medical limits

NEW YORK -- As more doctors and therapists go online, a health care coalition is urging them to warn patients about the limits of getting help on the Internet.

Under voluntary guidelines to be released today, health care providers should tell patients when face-to-face interactions are better than cyberspace chats. The online doctor also should help patients find local care offline.

GOP wants Cuba embargo preserved

WASHINGTON -- Even as they push for more open trade with China, Republican congressional leaders are working to preserve the trade embargo on Cuba by blocking legislation that would allow Cuba to buy U.S. food and medicine.

The measure, backed by the powerful American farm lobby, is attached to agricultural spending bills that have been approved by the House and Senate appropriations committees. But House GOP leaders, led by Majority Whip Tom DeLay of Texas, have delayed action this week on the House version of the spending bill while they try to strip it of the Cuba provision.


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