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. rose by 100 points Monday, wiping out more than half the losses that piled up during two weeks of guessing that the Federal Reserve would raise interest rates today.The Dow swung from a 21-point deficit to a gain of 100.46, closing at 6,905.25. MEMO DWP DWP Department of Work and Pensions (UK) DWP Drinking Water Program DWP Dynamic Weapon Pricing (gamin, Counter-Strike: Source) DWP Department of Water & Power DWP Drinking Water Protection DONATES TO VALLEY ECONOMIC ALLIANCE: The Los Angeles Department of Water and Power The Los Angeles Department of Water and Power (LADWP) is the largest municipal utility in the United States, serving 3.9 million residents in 2006. It was founded in 1902 to deliver water and electricity supplies to residents and businesses in Los Angeles. will invest $90,000 in the Economic Alliance of the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. for use in business development.The DWP, the nation's largest municipal power company, said the donation represents the start of a long-term relationship with the alliance, which unveiled a five-year plan earlier this year to raise $7.5 million to promote the region and its job-creating opportunities. Other major investors in the alliance include the Los Angeles Daily News The Daily News of Los Angeles, also known as the Los Angeles Daily News, is the second largest circulating daily newspaper of Los Angeles, California. It is published by the Los Angeles Newspaper Group, which owns eight other Southern California newspapers , Universal Studios, Pacific Bell and Arco. FIELDS MOVES TO SMALLCAP MARKET: Common shares of Fields Aircraft Spares Inc., which have been trading on Nasdaq's over-the-counter bulletin board exchange, will begin trading Wednesday on the Nasdaq SmallCap Market due to the Simi Valley-based company meeting Nasdaq's requirement of at least $2 million in net worth. The symbol will be changed to FASI FASI Fondo Assistenza Sanitaria Integrativa (Rome, Italy) FASI Fellow of the Architecture and Surveying Institute (UK) from FASS FASS Faculty of Arts and Social Sciences (National University of Singapore) FASS Federation of Animal Science Societies FASS Florida Agricultural Statistics Service FASS Financial Acquisition Support Services and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. owned by McDonnell Douglas will be converted to common stock. McDonnell Douglas agreed in 1995 to buy 25 percent of the distributor-broker. CHATSWORTH COMPANY UNVEILS NEW TOWERS: Smart and Friendly, a Chatsworth-based maker of computer peripherals and multimedia products, has introduced a line of 16X Deluxe CD-ROM Towers for network and library storage needs. It provides high-speed on-line or near-line storage for applications or data. The 16X towers are configured with five, seven or 14 drives and include Ornetix's CD-Vision and CD-Commander software and MediaAgent by MediaPath. DREAKWORKS MAKES GAME DEALS: Electronic Arts signed an exclusive worldwide agreement with DreamWorks Interactive to distribute its upcoming titles for advanced video game systems. Financial terms were not disclosed. The first game to be published and distributed under the agreement will be Universal's ``The Lost World: Jurassic Park'' for the PlayStation, expected to be available this summer. EARNINGS Whitewing Labs Inc. Mission Hills-based nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. developer and marketer Dec. 4th Qtr. 1996 1995 Sales $801,195 $1.2 million Net Income (Loss) ($881,417) ($19,352) Earnings Per Share(33 cents) (1 cent) Year End 1996 1995 Sales $3.5 million $3.4 million Net Income (Loss) ($2.4 million) $20,695 Earnings Per Share (90 cents) 1 cent Fourth quarter results include $160,000 in write-downs, including $123,000 in accelerated advertising costs. For the year, selling and advertising costs doubled to $4.7 million as the company tested a wide array of marketing programs. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS REFINERS Hourly compensation costs for petroleum refiners, in U.S. dollars, 1994 Knight-Ridder Tribune Graphics Network |
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