BIZWATCH : MARKETS.MARKET LOGIC: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. dropped again Friday, sliding 59.27 to 6,696.48. The Dow had set record highs for four straight days before starting to give ground Wednesday and tumbling 94 points Thursday. For the week, the Dow lost 136.62 points, or 2 percent, leaving the blue-chip barometer with a gain of 248.21, or 3.8 percent, in the new year. MEMO THE GAME IS IN THE AIR: Satellite broadcaster DirecTV has announced it will offer the first live broadcast of the Super Bowl during air travel on a round-trip flight Sunday of a Delta Air Lines Boeing 767 between Atlanta and Detroit. DirecTV, which is part of Hughes Electronics Corp., has provided live digital broadcast television to the Delta plane as part of a project that began in August. BANK REPORT: Encino-based American West Bank has reported fourth-quarter profits of $252,326, an 11 percent increase from the 1995 period. The three-branch bank, which will merge with Bank of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. in March, said assets at the end of the year were up 17 percent to $67.06 million. NO LONGER HABLA ESPANOL: NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. is shutting down its Spanish-language cable news network, Canal de Noticias, amid growing competition and plans to expand the reach of MSNBC MSNBC Microsoft/National Broadcasting Company and CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Canal de Noticias has not been profitable since its launch in March 1993. LESS HUMMING ALONG: AM General Corp., maker of the all-terrain Hummer, is eliminating more jobs and likely will close one of its plants in an effort to streamline operations in the age of declining military budgets. On Friday, the company said it is eliminating 100 management jobs, or more than 17 percent of its salaried work force. AMERICAN AIRLINES American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the : Talks on a contract under negotiation for more than two years may come down to five days of mediation to avert a strike by American Airlines' pilots. American Airlines parent company AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Corp. and the Allied Pilots Association on Friday scheduled a ``super mediation'' session in Washington starting Feb. 10. EVENTS FOR ENTREPRENEURS: A 10-session workshop to help entrepreneurs further develop their businesses is being offered for free every month by the Valley Economic Development Center in Van Nuys. The next available ``Entrepreneur's Series'' will be held Feb. 5 from 6 to 9 p.m. There is a $50 fee, which will be refunded at the end of the program if not more than three sessions are missed. Qualified entrepreneurs must have at least 30 percent ownership of a small business that is more than six months old but less than five years old. The small business must operate and be licensed in the city of Los Angeles
Q & A: Betty Sinnock and Ann Brewer of the Beardstown Ladies The Beardstown Ladies were a group of older women who formed an investment club, formally known as the Beardstown Business and Professional Women's Investment Club, in Beardstown, Illinois, USA. investment club will give a talk, answer questions and sign their new book ``Smart Spending for Big Savings'' on Feb. 5, from 6 to 8 p.m. at Rizzoli's Books, 3333 Bristol Ave., Costa Mesa. For more information, call (714) 957-3331. CAPTION(S): 2 Charts Chart: (1--color) DOW INDUSTRIALS (2--color) PROFILE OF A TRAVEL MANAGER Average characteristics of person in charge of business travel, according to an industry study. SOURCE: Runzheimer International; research by Pat Carr Knight-Ridder Tribune Graphics Network |
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