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Stock News

Cognizant Technology Solutions Corporation to Join the NASDAQ-100 Index Beginning December 29, 2004 (PR Newswire via Yahoo! Finance)
The Class A common stock of Cognizant Technology Solutions Corporation of Teaneck, New Jersey, will become a component of the NASDAQ-100 Index , effective at the beginning of trading Wednesday, December 29, 2004.

South Korea's Kospi Index Is Little Changed; LG.Philips Slides (Bloomberg.com)
Dec. 23 (Bloomberg) -- South Korea's Kospi stock index swung between gains and losses. LG.Philips LCD Co., the world's second-largest liquid crystal display maker, dropped after Taiwan's Chunghwa Picture Tubes Ltd. cut its 2004 profit forecast by a third amid a decline in panel prices.

Mumbai Stock Exchange May Sell Shares Locally, Abroad (Update5) (Bloomberg.com)
Dec. 22 (Bloomberg) -- India's Mumbai stock exchange, Asia's oldest and home to the country's benchmark index, may sell shares to the public locally and overseas to improve management, Chief Executive Rajnikant Patel said.

Wednesday, December 22, 2004 - 11.59 am/13.59 GMT Brazil's stocks rise to new record highs in early trading (AE Brazil)
São Paulo, 22 - Brazil's stocks rose to new record highs just before midday Wednesday. At 11.50 am/13.50 GMT, the benchmark Ibovespa stock index was 0.33% higher at 25,974.5 points, compared with Tuesday's record closing level of 25,889.7 points.

KSE zooms past 6,000 points, sheds gains in late trade (Daily Times)
KARACHI: The Karachi stock market 100-share index crossed the magical barrier of 6,000 points on Thursday as the overnight rally in the oil and gas sector continued, said analysts.

Mumbai Stock Exchange May Sell Shares Locally, Abroad (Update8) (Bloomberg.com)
Dec. 22 (Bloomberg) -- India's Mumbai stock exchange may sell shares to the public under government orders to improve transparency, tapping record investment from overseas.

Business News (Independent's Internet Edition)
The euro surged to a fresh record high point of 1.3543 dollars in European trading on Friday and economists saw further falls ahead for the US currency.

Kitco - Contributed Commentaries (Kitco.com)
For gold-stock investors and speculators, 2004 proved fascinating on multiple fronts. While gold stocks didn’t perform as well as they did in 2003 in general, they still offered returns far in excess of the mainstream stock markets for contrarians willing to buy during the wicked spring correction.


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