BIZWATCH : MARKETS.MARKET LOGIC: The Dow Jones Dow Jones
the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]
See : Finance industrials and the Nasdaq market stumbled to record highs Monday. The Dow rose 23.09 to 6,567.18, surpassing Dec. 27's mark of 6,560.91 despite retreating from a 75-point gain that had boosted the blue-chip barometer above 6,600 for the first time.
T-BILLS MIXED: Interest rates on short-term Treasury securities were mixed in Monday's auction. The Treasury Department sold $12.6 billion in three-month bills at an average discount rate of 5.02 percent, down from 5.08 percent last week. Another $12.6 billion was sold in six-month bills at an average rate of 5.11 percent, unchanged from last week. The three-month bill rate was the lowest since 4.92 percent Dec. 23. The six-month bill rate was the highest since 5.15 percent Oct. 28.
WARNER BROS. ON THE WEB: Warner Bros. Online and Telepictures Distribution announced its plans to launch CityWeb, a World Wide Web-based network that will allow local broadcasters to expand their presence on the Internet. Warner Bros. executives say the sites, which will be launched by this summer, will allow TV affiliates to offer on-line users access to local, national and international news, weather reports, sports and television listings.
LITTON WINS CONTRACT: Woodland Hills-based Litton Industries' Data Systems Division has been awarded a $20 million contract to supply air command control equipment to the Italian Air Force
APPLE ADDRESSES CONCERNS: Apple Computer Inc.'s chief technologist reassured key customers Monday that they won't be left behind as the company makes the transition to a new operating system operating system (OS)
Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . Ellen Hancock Ellen Hancock is a long-time technology manager from the United States who has worked for IBM and Apple, among others.
Hancock was born in the Bronx, New York City and raised in Westchester. said Apple will update and support its current operating system for several years, even after it introduces the new operating software it is developing.Hancock spoke to customers on the eve On the Eve (Накануне in Russian) is the third novel by famous Russian writer Ivan Turgenev, best known for his short stories and the novel Fathers and Sons. of MacWorld Expo, the biggest trade show devoted to the Macintosh. Investors dumped Apple Computer Inc. stock Monday after the company predicted that slow computer sales would widen its quarterly operating loss operating loss
The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. to as much as $150 million. Apple stock tumbled as much as 21 percent before recovering somewhat. It was down 3-7/8 a share to close at 17-7/8.
UNIVERSAL IN TOKYO: Universal Studios, which has been aiming to expand its consumer products activities, has opened a consumer products office in Tokyo with eight employees. The facility is headed by marketing veteran William M. Rahn, former general manager of the international division of Simon Marketing International. Rahn will be responsible for all consumer product activities in Japan and will work closely on the Universal Studios Japan Universal Studios Japan (ユニバーサル・スタジオ・ジャパン theme park planned for Osaka. Rahn was born and raised in Japan.
Photo, 2 Charts
Photo: (Color) no caption (Ellen Hancock)
Chart: (1--Color) DOW INDUSTRIALS
(2--Color) BIZ FACTS
CHILD's PLAY child's play
1. Something very easy to do.
2. A trivial matter.
Informal something that is easy to do
Noun 1. ?
Where adult collectors shopped for collectible dolls and how much they spent, 1995
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