DEBORAH MARCHINI, CNN ANCHOR: They're selling stocks in most of the European markets, this morning.</s>JOHN DEFTERIOS, CNN ANCHOR: Let's get an update, and there's a lot of corporate news bubbling over there as well. Todd Benjamin is standing by with the very latest on that front. Good morning, Todd.</s>TODD BENJAMIN, CNN CORRESPONDENT: Good morning, John. Basically, it's a rather dull day with the exception of Paris and Zurich. London is flat right now; the Dax is basically flat; Paris, though, is off more than 3/4 of one percent; Zurich is off half a percent. Now, there's a story in the "Financial Times," this morning, basically saying that Mannesmann planned a defensive move to ward off Vodafone AirTouch. It involved Mannesmann buying Vivendi's stake in a French mobile-phone operator and then Vivendi would take a stake in Mannesmann, but Vivendi is denying that they want to sell their stake in that mobile-phone operator, Cegetel. In other news, this morning, you've got ABN Amro. Now, shares in ABN are flat in Amsterdam, but it is going through a reorganization, which means they'll cut 2,500 jobs in the Netherlands, or about 10 percent of its work force there. BP Amoco is up three percent, this morning; that's because oil continues to barrel along. Oil is up 25 cents at $25.90. And after the big merger announcement, yesterday, where SmithKline Beecham shares and Glaxo shares fell sharply, SmithKline Beecham is off 1.7 percent, this morning, and Glaxo is basically flat. Back to you in New York.</s>MARCHINI: All right.
European Markets Have Dull Day as Mannesmann Attempts Defensive Move