Originally created 08/17/00

Business briefs



Stock prices mixed in cooler economy

NEW YORK - Stock prices closed mixed Wednesday, as investors digested the dual effects of modest inflation brought about by a cooling economy.

The Dow Jones industrial average closed down 58.61 at 11,008.39, and the Nasdaq composite index finished up 9.54 at 3,861.20.

Advancing issues outnumbered decliners by a 4-to-3 margin on the New York Stock Exchange, where volume came to 926.79 million shares, up from Tuesday's pace.

OPEC considers boosting output

DUBAI, United Arab Emirates - The Organization of Petroleum Exporting Countries is discussing pumping an extra 500,000 barrels a day to lower soaring oil prices, a Gulf oil source said Wednesday.

The source, speaking on condition of anonymity, said consultations among OPEC members appeared aimed at reaching an agreement in the next few days.

Firm flayed for hoarding Net names

NEW YORK - As unique Internet addresses become more scarce, Network Solutions Inc. is under attack for keeping thousands of valuable names. Critics are accusing the company of trying to profit off the simpler names that can command thousands to millions of dollars.

The latest controversy over Internet addresses means new headaches for the Internet Corporation for Assigned Names and Numbers. Although ICANN plans to expand the pool of addresses next year, names ending in ".com" are likely to remain the most popular and thus command the most dollars. Four-fifths of the more than 19 million domain names registered are dot-coms.