BIZWATCH : MARKETS.MARKET LOGIC: Stock prices held steady for much of the day Wednesday before slipping in late-afternoon trading in yet another demonstration of how a big bull market can swing wildly. MEMO BANDSTAND CLASSICS: Burbank-based dick clark
Richard Wagstaff "Dick" Clark (born November 30, 1929) is an Emmy Award-winning American television, radio personality, game show host and businessman, he served as productions inc. has licensed rights to the theme, name and logo of ``American Bandstand'' to Opryland Productions Inc. for use in a live stage show produced by Opryland at its Opryland USA Opryland USA (later called Opryland Themepark and typically called simply Opryland) was a theme park located in Nashville, Tennessee. It operated from 1972 until 1997. During the late 1980s nearly 2.5 million people visited the park annually. Theme Park, a family-oriented entertainment facility in Nashville, Tenn. The new show, called ``Dick Clark's American Bandstand American Bandstand durable and popular TV show; teenagers are featured performers. [TV: Terrace, I, 52] See : Teenager Classics,'' will open April 5 at Opryland's Acuff Theater and will be featured daily throughout the 1997 season. ENVIRONMENTAL PROTEST: Environmental groups leafleted employees of DreamWorks SKG's television and animation offices in Encino on Wednesday as part of a campaign urging the company to scale back plans to build a new studio in the marshlands near Westchester. Additionally, the California Public Interest Research Group has joined a lawsuit filed against the Army Corps of Engineers to block construction of the Playa playa or pan or flat or dry lake Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions. Vista real estate development, which includes the DreamWorks studio, in the Ballona Wetlands The Ballona Wetlands is located in Southern California, USA adjacent to Marina del Rey and Playa Vista. It is the last significant wetlands area in the Los Angeles basin, and is named for Ballona Creek which runs through the area. . PRESCRIPTION DRUGS: Wholesale prices for prescription drugs rose just 1.8 percent in 1996, as higher increases in brand-name drugs were offset by declines in generics, a drug industry researcher reported Wednesday. The increase was below the overall inflation rate of 2.1 percent reported by the government for wholesale prices, said IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. America Inc. EARNINGS WELLPOINT: WellPoint Health Networks Inc. said Wednesday that net income for the fourth quarter ended Dec. 31, 1996, was $47.0 million, or 71 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. , compared with $13.3 million, or 20 cents per share for the fourth quarter of 1995. Earnings for the fourth quarter of 1996 included the net after tax impact of $11.5 million, or 17 cents per share, in costs associated with WellPoint's previously announced recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. transaction which was completed May 21, 1996. Earnings for the fourth quarter of 1995 included the net after tax impact of nonrecurring charges of $34.5 million, or 52 cents per share. Net income for the year ended Dec. 31, 1996, was $202 million, or $3.04 per share, compared with $180.0 million, or $2.71 per share, in 1995. 20TH CENTURY: Citing a turnaround in its auto insurance business as a factor, 20th Century Industries on Wednesday reported higher annual earnings. The Woodland Hills-based insurance holding company, said earnings for the year ending Dec. 31, 1996, were $74.1 million, or $0.92 per share (primary), on revenues of $937.1 million. In 1995, the company reported earnings for the year of $69.6 million, or $0.88 per share, on revenues of $1.1 billion. In the fourth quarter, ended Dec. 31, 1996, the company posted a net loss of $7.8 million, or ($0.22) per share (primary), on revenues of $212.9 million. In the same period in 1995, earnings were $26.3 million, or $0.36 per share, on revenues of $261.7 million. Results for the quarter were impacted by pre-tax charges of $40 million for additional loss and loss adjustment expenses related to the 1994 Northridge Earthquake The Northridge earthquake occurred on January 17, 1994 at 4:31 AM Pacific Standard Time in the city of Los Angeles, California. The earthquake had a "strong" moment magnitude of 6. . The fourth quarter also was adversely affected by weather-related claims amounting to approximately $8 million. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS AUTO PARTS Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
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