BIZWATCH\MARKETS.NEW HOPE:Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. , up 1-5/8 to 43-7/8. The Food and Drug Administration approved Ritonavir ritonavir /ri·to·na·vir/ (ri-to´nah-vir) an HIV protease inhibitor used in treatment of HIV infection and AIDS. ri·ton·a·vir n. , the company's powerful new AIDS drug that has been shown to prolong, at least slightly, the lives of severely ill patients. Ritonavir, approved with record speed Friday, becomes the second in a new class of drugs called protease inhibitors Protease Inhibitors Definition A protease inhibitor is a type of drug that cripples the enzyme protease. An enzyme is a substance that triggers chemical reactions in the body. . JOB CUTS:Ford Motor Co. plans to eliminate 6,000 jobs from its 29,000-person product development staff over the next several years, The Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times reported Tuesday. RATES MIXED: Interest rates on short-term Treasury securities were mixed in Monday's auction. The Treasury Department sold $15.2 billion in three-month bills at an average discount rate of 4.89 percent, up from 4.86 percent last week. An additional $15.4 billion was sold in six-month bills at an average discount rate of 4.80 percent, unchanged from the previous week. SWEET SALE: Ghirardelli Chocolate Co., the upscale sweet maker and a San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden tourist mainstay as shown here, has changed hands for the third time in 10 years, the company announced Monday. The price paid by the investment firm of Dallas-based Hicks, Muse, Tate & Furst Inc., owner of the Campfire Marshmallow marshmallow /marsh·mal·low/ (mahrsh´mel?o) (-mal?o) a perennial Eurasian herb, Althaea officinalis, business, wasn't disclosed. PAY DOWN:Americans saw their personal income growth slow dramatically in January after surging in 1995 at the fastest pace in five years. Consumer spending fell for the first time in more than three years. PLUGGED IN BIGGER FLOPPIES: 3M will begin selling computer diskettes next month that will hold 120 megabytes of information, about 80 times as much as the floppy diskettes that are now common. Minnesota Mining & Manufacturing said Monday that the 3.5-inch floppy disks will retail for about $20 each. They will require drive units that will sell for about $200. TAKE NOTE Seminar: "Foreclosure Alternative," a free seminar about foreclosure and short sales, is given by the Martine Group from 7 to 8:30 p.m. today (March 5) at 10324 Balboa Blvd., Glendale Federal Building, Granada Hills. Reservations are suggested. For more information, call (818) 363-3699. CAPTION(S): CHART Chart (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS CAPITOL GAINS World stock markets with the highest percent gain for one year, as of the end of January Knight-Ridder Tribune Graphics Network |
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