April 1, 2000

Group Led by AT&T Invests In Web Phone Call Provider AT&T, British Telecommunications and Liberty Media Group are making a $1.4 billion cash investment in Net2Phone, an Internet telephone services provider. The deal is the latest in a series of moves by AT&T to strengthen its Internet presence. Net2Phone, which handles about 40 percent of calls routed over the Internet, said separately that it had sold a minority stake to the Internet search engine Yahoo through a stock swap valued at $150 million. [Page C2.]

New Jersey state officials, day after Milton Milan becomes third Camden mayor in 20 years to be indicted while in office, swoop down on destitute river city to produce credible fiscal plan or face possible state takeover; Jane Kenny, New Jersey sec of state and commissioner of community affairs, says that indictment of Milan on federal corruption charges only increased pressure of city officials to produce an audit that was due Dec 31, to present balanced general ledger and other legal proofs of a fiscally responsible government; state officials detail 15-day deadline for balanced budget, and warn that if city does not comply, one option would be for state to take control of government of Camden, state's poorest city; photo (M)

Final four teams in NCAA basketball tournament, Michigan State, Wisconsin, Florida and North Carolina gather for practice and news conferences; photos (M)

Photo of Sue Bird, who led University of Connecticut to victory over Tennessee in NCAA women's title game

Dow Jones industrial average closes at 10,921.92, down 58.33 points, or 0.5 percent; Standard & Poor's 500-stock index rises 10.66 points, or 0.7 percent, to 1,498.58; Nasdaq composite index rallies for first time in week, gaining 114.94 points, or 2.6 percent, to 4,572.83; graph on Dow Jones industrial average; charts on stocks with large price percentage gains and losses and common stocks with largest gains and declines in percentage terms in first quarter of 2000, as calculated by Associated Press (M)