Todays Financial News:

U.S. GULF RIG COUNT BY 1 TO 158 IN JUNE 7 WEEK.

BLOCK TRADE - 204

DOW INDUSTRIALS UP FRACTIONALLY AT 5668.

DOW SLASHES LOSSES LATE

BLOCK TRADE - 500K SHRS OF DARDEN RESTAURANTS AT 11-3/4.

FED'S MINEHAN SAYS U.S. ECONOMY SOLID

BELLSOUTH SIGNS DEAL WITH HART COMMUNICATIONS - TERMS NOT DISCLOSED.

WALTER INDUSTRIES NAMES RICHARD ALMY COO.

DJ AVGS CONT'D - 15 UTILS: 208.01 DN 2.23

DJ AVGS 2:30 P.M. - 30 INDUS: 5627.29 DN 39.90

PERU SEES $50M TELEFONICA SALE TO LOCAL GROUPS.

VENEZUELA FOREIGN RESERVE UP $185M

QUAKER STATE TO ACQUIRE QUAKER SUPREME - TERMS NOT DISCLOSED.

MOORE ADOPTS EARLY RETIREMENT PROGRAM T/B FUNDED BY CO'S PENSION PLAN.

IBM STUNS WALL STREET AGAIN WITH LOWER-THAN-EXPECTED 2ND QUARTER OUTLOOK.

JEAN COUTU PLANS TO BUY BACK UP TO 5% OF SHARES.

HUNTINGTON BANCSHARES INC. OPENS WEB BANK FOR INTERACTIVE BANKING.

NORTHROP AWARDED $8.7M CONTRACT FROM THE U.S. NAVY.

FUJITSU TO DELAY OPENING OF OREGON CHIP PLANT & WILL SWITCH TO NEXT-GEN. TECH.