BIZWATCH : COMING MONDAY.First there was the Dow Jones industrial average Dow Jones Industrial Average The 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. . Next came the Standard & Poor's 500, followed by the Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed . They became the three most popularly followed measures of the nation's stock markets. But there was never a way of measuring how well the Valley's economy was doing compared to the nation at large. Until Monday, that is. Until the Daily News/Bloomberg Index. MARKETS MARKET LOGIC: Investors flocked back into blue-chip stocks Tuesday, boosting the Dow Jones industrial average by nearly 175 points, as the economy continued to defy expectations with a mixture of brisk growth and low inflation. The Dow rose 174.78, or nearly 2.3 percent, to 7,895.92, scoring its fourth-largest point gain ever. MEMO KING WORLD REACHES SETTLEMENT: King World Productions reached a settlement with Sony Corp. for a new version of the ``Hollywood Squares'' game show. King World and Sony's Columbia TriStar Television Columbia TriStar Television, Inc. was the third name of the television studio Screen Gems, adopted with the Columbia-TriStar merger of 1991 and last used in 2002. Columbia TriStar Television was launched in 1994 as a joint venture between Columbia Pictures Television and will co-produce the show for a fall 1998 debut and King World will distribute it for first-run syndication. The settlement resolved a dispute over a King World distribution contract with Merv Griffin Enterprises Merv Griffin Enterprises was a television production company founded by Merv Griffin in 1964. Its productions included the game shows Wheel of Fortune and Jeopardy!, both created by Griffin. , later bought by Sony, which precluded King World from distributing other game shows. OROAMERICA SETTLES SUIT: OroAmerica Inc., a Burbank-based manufacturer of gold chains Gold Chains is an electro rap artist from San Francisco, whose real name is Topher Lafata. Gold Chains has performed along with Sue Cie (real name Sue Costabile), who is a video artist also from San Francisco area. , said Tuesday that a settlement had been reached in its civil lawsuit against 30 British insurance
Britishinsurance.com is the trading name of British Insurance Limited, a specialist insurance company based in the United Kingdom. companies. OroAmerica said the companies agreed to pay it $7.2 million in damages and penalties, after previously denying OroAmerica reimbursement for the disappearance of $3 million worth of gold from three gold processing plants in South and Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . OroAmerica stock rose 75 cents on the news to $5.50. NTS NTS National Technical Systems NTS National Trust for Scotland NTS Nevada Test Site NTS NT Server (Microsoft Windows) nts Not the Same NTS National Traffic System (amateur radio) SUBSIDIARY BUYS DIVISION: National Technical Systems, a Calabasas-based technical staffing company, said a wholly-owned subsidiary has bought the staffing division of Webster, Texas-based Johnson Engineering Corp. National Technical Systems stock rose 12-1/2 cents Tuesday to $4.25. ?13Daily News EARNINGS Countrywide Credit Industries Calabasas-based residential mortgage lender August 2nd Qtr. 1997 1996 Sales $160.6 million $104 million Net Income $109.7 million $62.5 million Net Per Share 99 cents 60 cents 6 months 1997 1996 Sales $304.3 million $207 million Net Income $179.7 million $123.1 million Net Per Share $1.63 $1.18 1997 results include $57.4 million gain on an asset sale CAPTION(S): 2 Charts Chart: (1--color) DOW INDUSTRIALS (2--color) BIZ FACTS The uses of solar cells |
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