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UPDATED JUNE 13, 2003 4:05 PM ET

Wholesale Prices Dip 0.3 Percent in May
By THE ASSOCIATED PRESS
Wholesale prices dipped by 0.3 percent in May, underscoring concerns about the possibility of an economically dangerous price decline.

U.S. Stocks Drop After Sour Consumer Data
By REUTERS
U.S. stocks fell in late morning on Friday after a closely watched gauge of consumer sentiment unexpectedly soured in June.

Guidant Admits That It Hid Problems of Artery Tool
By KURT EICHENWALD
A division of one of the country's largest makers of medical devices admitted that it lied to the government and hid thousands of serious health problems.
Chart: A Medical Device's Problem
Plea Agreement (pdf) | Criminal Information (pdf)

PeopleSoft Rejects Oracle Bid
By ANDREW ROSS SORKIN and LAURIE FLYNN
After nearly a week of verbal jousting, the board of PeopleSoft officially rejected Oracle's $5.1 billion hostile takeover bid.

Changed Smith Barney
Is Thin on Analysts Changed Smith Barney Is Thin on Analysts
By LANDON THOMAS Jr.
Since Sallie L. Krawcheck arrived to run the Smith Barney research operations, 16 experienced analysts have left the firm.

MORE BUSINESS NEWS
All Headlines
Print Edition Only

Hilfiger Looks for a Perfect Fit
Getty Images
Struggling Tommy Hilfiger Looks for a Perfect Fit
By TRACIE ROZHON
Faced with mounting losses and rumors of deals that never blossomed, Tommy Hilfiger is under pressure to revive his business.

FLOYD NORRIS
Optimistic Investors vs. Pessimistic Bosses Optimistic Investors vs. Pessimistic Bosses
Corporate America thinks things look awfully glum. But those not in executive suites seem to be more optimistic. Who's right?



Alt Text
MORE BUSINESS NEWS

A $24 Million Parachute for Freddie Mac's Chief

Californians May Give Up Their True Love, S.U.V.'s

A Technology Stock Offering Is Up 25%

Former Mobil Oil Executive Pleads Guilty to Tax Evasion

Stocks Still on Rise Despite Mixed Economic Forecasts

Mortgage Rates Decline

Change in Aid Formula Shifts More Costs to Students

Appointment at Lauren

Retail Sales Offer Some Hope for Recovery

Guilty Plea in Network Associates Inquiry

MEDIA & ADVERTISING

2 Anchors Change Lanes; To Syndication, and to CNN

Judge Sees Similarity in Spike Lee and Spike TV

David Brinkley, 82, Newsman Model, Dies

Market Place: Bronfman Gathers Investors to Regain Universal Units

AOL Time Warner Warns of Rift With Bertelsmann

WORLD BUSINESS

Central Bank Cuts Outlook for Growth in Europe

Strong Demand for Initial Offering of Indian Carmaker

Indonesian Telecom's Listing Imperiled by S.E.C. Audit Rule

Former Mobil Oil Executive Pleads Guilty to Tax Evasion

OPEC Leaves Production Levels Unchanged

YOUR MONEY

A Company Man, Spurned, Fights for His Name

Men Ask: Who Needs to Buy Clothes?

How Much for Tickets? You Need a Scorecard

Market Insight: Watching for Bubbles That May Yet Burst

Whole Foods' Run May Slow

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IN THE MAGAZINE

Money 2003
The Sink-or-Swim Economy: Living in volatile, vulnerable times. A special issue about money.
MARKET WATCH
Shareholders Will Pick Up the Bill This Time, TooShareholders Will Pick Up the Bill This Time, Too
By GRETCHEN MORGENSON
Shareholders who had been bloodied by revelations of improper accounting at Xerox during the 1990's took another hit last week.

PRIVATE SECTOR
Conscience of Canada Inc.Conscience of Canada Inc.
By BERNARD SIMON
David R. Beatty, a prominent member of Canada's business establishment, is leading shareholders into battle against executives.


SPECIAL SECTION
Mutual Funds Report
The average equity mutual fund declined only modestly in value in the first quarter.

READERS' OPINIONS
Join a Discussion on The Economy
Will President Bush's tax cuts help or hurt the economy? What will the tax cuts mean to you?
Forum: The Markets
More Business Forums


SPECIAL SECTION
Retirement
Today's retirees face longer lives and tougher times.
Slide Show: Retirement Hurdles

Markets Markets

• Market Update: U.S. | World
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Stock Quotes: Symbol
Lookup

News from The Financial Times
Resona could transform role of Japanese auditors

Japanese sales help lift Adobe earnings

Kingfisher set to unveil Kesa details

A larger-than-life Lord Chancellor

Lex: Lafarge










News From AP

Wheat, Soybean and Corn Prices Lower 3:51 p.m. ET

Qwest, Union Reach Tentative 2 - Year Deal 3:48 p.m. ET

Class - Action Suits Against ImClone Upheld 3:39 p.m. ET

More News From AP

News From Reuters

Stocks Drop on Dour Consumer Sentiment 3:15 p.m. ET

Oil Slides 3 Pct as IEA Finds More Stocks 3:08 p.m. ET

Delta Pilots Agree to Concession talks 2:56 p.m. ET

More News From Reuters








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