BIZWATCH : COMING UP.FROM WALL STREET TO VAN NUYS BOULEVARD: The most remarkable feature of Wall Street's current bull market - the largest in U.S. history - is the participation of Main Street. Mom-and-pop mom-and-pop adj. 1. Of or being a small business that is typically owned and run by members of a family: a mom-and-pop grocery store. 2. investors, retirees and college students are investing in the stock market at record numbers, participating in and fueling a spectacular run-up run-up or run·up n. An often sudden increase: a run-up in interest rates; a run-up in food prices; a run-up in house values. Noun 1. . Beginning Monday, the Daily News will profile local investors every week in the Money & Careers section. You'll learn why they started investing in the stock market, what some of their best investments were and even hear about a bad investment or two. Want to volunteer your own story? Write to Deborah Adamson, P.O. Box 4200, Woodland Hills, CA 91365-4200. Include your name, phone number, address, occupation and a brief description of your investment experience. MARKETS MARKET LOGIC: Big-name computer stocks drove the Nasdaq market to a record close for the eighth straight session, but the broad market ended nearly unchanged Monday after an early foray toward new highs. 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. rose 1.16 to 7,922.98 after erasing a 61-point deficit over the last half hour of trading. ?13-Daily News IMALL MOVES TO STUDIO CITY: The Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the commerce company iMALL Inc. recently moved its headquarters from Provo, Utah, to Studio City. The company will expand its marketing division and its new international division over the next six months, said iMALL co-founder Richard Rosenblatt, who on July 2 was elected the company's new chief executive officer. The Provo office remains in operation. The publicly traded iMALL is an on-line shopping mall with more than 1,600 merchants selling a variety of goods. ?13- Daily News XIRCOM REPORTS NET LOSS ON HIGHER SALES: Xircom Inc., a Thousand Oaks-based maker of computer communications equipment, reported a third-quarter net loss of $5.8 million, compared to net income of $2.5 million a year ago. The drop reflects losses the company suffered as a result of the June sale of its subsidiary Netaccess Inc. Xircom had third-quarter net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $50.2 million, a 14 percent increase from the like period a year ago. In the first nine months of fiscal 1997, the company had net sales of $163.7 million, a 39 percent increase from a year ago. ?13- Daily News KINKO'S MOVES INTO GREAT BRITAIN Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. : Ventura-based Kinko's Inc. and the Virgin Group have formed a joint venture to open branches of the 24-hour copy-shop chain in Britain. The first branch should open in London by year's end, the companies report, with a second London shop slated to open in the first quarter of 1998. ?13- Daily News WB NETWORK SIGNS UP PARAMOUNT STATIONS: Time Warner Inc.'s WB Network said five Sinclair Communications Inc. television stations will switch their affiliations to WB from rival Viacom Inc.'s Paramount Network. Under the 10-year agreement, Burbank-based WB guaranteed to pay Sinclair $64 million over the first eight years and $20 million over the final two years. The new stations will allow WB to broadcast to 87 percent to 88 percent of U.S. households, roughly equal to UPN's reach, said WB Chief Executive Jamie Kellner Jamie Kellner is an American television executive. He was chairman and chief executive officer of Turner Broadcasting System, Inc., a division of Time Warner which includes TBS, TNT, and Cartoon Network. . CAPTION(S): 2 Charts Chart: (1--Color) DOW (Direct OverWrite) See magneto-optic disk. INDUSTRIALS (2--Color) BIZ FACTS Investing in the U.S. Perecent increase in foreign holdings of U.S. Treasury securities U.S. Treasury securities Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. and corporate bonds, 1995-96 Knight-Ridder Tribune tribune, in ancient Rome, one of various officers. The history of the office of tribune is closely associated with the struggle of the plebs against the patrician class to achieve a more equitable position in the state. From c.508 B.C. Graphics Network |
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