The record expansion of the U.S. economy is all but over, Morgan Stanley Dean Witter says in a recent report. Software maker posts first profits, expects more black ink to come. Struggling portal company cancels already-delayed IPO plans, while parent company CMGI tries to stem losses. Mixed news rolls in as some take hits and others prosper. A long-awaited SEC study comparing Nasdaq to NYSE finds consumers can pay a price for fast stock trading on the Nasdaq market.
Companies warn of revenue shortfalls, better profits as they ready for formal announcements.
VerticalNet CEO Exits. VerticalNet names COO and founder as new chief. For some companies, the Internet stock crash proved more painful than expected. They are now ditching or retooling their investments in dot-com firms after taking big financial hits. Software component should help it survive a shakeout among online recruiting sites.