BIZWATCH : MARKETS.MARKET LOGIC: Inflation jitters jitters 'Butterflies' Psychology An episode of nervousness or anxiety that often precedes a public event; jitters is a type of performance anxiety which may affect actors in a stage production–stage fright or soloist musicians; it may respond to anxiolytics resurfaced Friday, slowing a stock market treated to nothing but good news of late. But stocks suffered only modest losses. The Dow Jones industrial average Dow Jones Industrial AverageThe best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. tumbled nearly 120 points Friday morning and remained sharply lower most of the day, but rallied back over the final hour. MEMO COURT EXTENDS BAN ON PORT PICKETS: A court commissioner Friday extended a restraining order restraining order: see injunction. that barred striking harbor pilots from picketing cargo terminals in the Port of Los Angeles The Port of Los Angeles is located on San Pedro Bay in the San Pedro neighborhood of Los Angeles, approximately 20 miles (30 km) south of downtown. Also called Los Angeles Harbor and WORLDPORT LA . The decision by Commissioner Anita Rae Shapiro prevented another walkout by thousands of dockworkers who virtually shut down the port for four days last month when they refused to cross the pilots' picket lines. Meanwhile, the city was considering the union's proposal to privatize pilot operations. The pilots are asking the city to approve a privatization plan that would guarantee their jobs at a salary of $154,000 per year. ?13- Associated Press UNIVERSAL STUDIOS DENIES PLAN TO FIRE EMPLOYEES: A Universal Studios spokeswoman denied a report by the New York Post The New York Post is the 13th-oldest newspaper published in the United States and the oldest to have been published continually as a daily.[3] Since 1976, it has been owned by Australian-born billionaire Rupert Murdoch's News Corporation and is one of the 10 that it plans to fire 500 to 600 employees in the upcoming weeks as part of a plan by Edgar Bronfman Jr., chairman of parent Seagram Co., to reorganize the studio. Universal announced several weeks ago that it was cutting 115 employees at the lot in order to save money and respond to the needs of producers using the lot. ?13- Daily News ACT TO BUY BACK STOCK: Act Networks Inc., a Camarillo-based maker of computer network communications technology, will buy back up to $10 million worth of the company's outstanding stock. The company said it will buy the shares on the open market as prices and availability dictate. ?13- Daily News JURY RULES IN FAVOR OF NMB NMB new methylene blue. : A New Jersey jury has found Chatsworth-based NMB Technologies Inc. not responsible for repetitive stress injuries suffered by a U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. employee. The woman had claimed that use of a defectively designed NMB keyboard had damaged her hands. After three weeks of testimony, the jury took one hour to determine the keyboard was not defectively designed. ?13- Daily News EARNINGS Haskel International Inc. Burbank-based high pressure pump manufacturer May 4th Qtr. 1997 1996 Sales $13.8 million$11.8 million Net Income Loss of $534,000 $509,000 Net Per Share Loss of 11 cents 11 cents Year End 1997 1996 Sales $51.4 million $42.2 million Net Income Loss of $2.9 million $2.5 million Net Per Share Loss of 60 cents 54 cents x The loss for the year reflects a $7.6 million charge ($1.58 per share) associated with the discontined operation of the company's electronic business. For the fourth the charge was $1.7 million (35 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. .) CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS HISPANIC WORKING MEN A greater percentage of Hispanic men 16 years old and older were working or looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. work than were white or black men in 1996. Groups compared: Knight-Ridder Tribune Graphics Network |
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