BIZWATCH\MARKETS.LASER APPROVED: Trimedyne rose -3/4 to 10-7/8. The stock was extending a better-than-6-point gain Tuesday after the Food and Drug Administration approved the company's laser treatment for enlarged prostate Enlarged Prostate Definition A non-cancerous condition that affects many men past 50 years of age, enlarged prostate makes urinating more difficult by narrowing the urethra, a tube running from the bladder through the prostate gland. . BUYING BINGE: Consumers returned to department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , shopping malls and auto dealerships in February, driving retail sales up 0.8 percent after a winter-related stall. But analysts cautioned Wednesday that the rebound did not signal a spending spree Noun 1. spending spree - a brief period of extravagant spending spree, fling - a brief indulgence of your impulses , noting job and income growth has been modest at best for many consumers who are already burdened by heavy debt. TWA TWA Time-weighted average, see there TICKETED OFF: Trans World Airlines Trans World Airlines, commonly known as TWA, was a major American airline company that was acquired by American Airlines in April 2001. For many years it was headquartered at the Kansas City Downtown Airport, as well as midtown Manhattan in New York City. on Wednesday reinstated its lawsuit against financier Carl Icahn's Las Vegas-based travel agencies over the sale of TWA tickets. The St. Louis-based carrier dropped its lawsuit against Global Discount Travel Services late last year, saying the sides were trying to negotiate a settlement. STRIKE CONTINUES: Negotiators for General Motors Corp. and striking Ohio brake makers met again Wednesday and the Clinton administration Noun 1. Clinton administration - the executive under President Clinton executive - persons who administer the law offered federal mediators to help settle the dispute. The strike by 2,700 brake workers at the two Delphi Chassis plants has crippled 26 of GM's 29 assembly plants and 18 parts plants. It also has affected dozens of parts plants and independent GM suppliers. MONEY MATTERS PENNY WISE wise or prudent only in small matters; saving small sums while losing larger; penny-wise; - used chiefly in the phrase, penny wise and pound foolish. See also: Penny , DRUG FOOLISH:HMOs that steer their patients to cheaper prescription drugs are actually increasing the cost of care in the long run because some of these people are getting sicker, a new study says. As restrictions on drug choices increase, "researchers found more patient visits to physicians, more emergency room visits and more hospitalizations, all of which would likely lead to an increase in medical costs," the study said. It was published in the American Journal of Managed Care. PLUGGED IN NET LOSS: Amid questions from regulators, a small 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 brewer is suspending an innovative trading system that allows its stockholders to buy and sell the company's shares on the Internet. Spring Street Brewing Co.'s World Wide Web trading system - believed to be the first of its kind - highlights the growing friction between the technology explosion and securities laws written before computers were born. CAPTION(S): CHART Chart (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS MUTUAL FUNDS IN '95 Knight-Ridder Tribune Graphics Network |
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