BIZWATCH : MARKETS.MARKET LOGIC: Blue-chip shares recovered more ground Friday, ending a week that erased nearly half of the recent 700-point slide by 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. .The Dow rose 44.95 to 6,703.55, bringing the week's advance to 311.86 points. MEMO TO OUR READERS: Beginning today, the Saturday stocks listings will be slightly different. All of the major listings remain but some have been altered. The Sunday editions You can improve this article by adding links to related material, within the existing text. After links have been created, remove this message. For more information, see the . DISNEY QUARTER LOOKS STRONG: Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co.'s fiscal second-quarter earnings will soar on higher theme park attendance, merchandise tied to ``101 Dalmatians'' and increased cable-TV ad sales, analysts said. Earnings will be 46 cents a share for the quarter ended March 31, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 21 analysts polled by IBES IBES See: Institutional Brokers Estimate System International Inc. Analysts expect the Burbank-based company to report first-quarter earnings as early as Tuesday. Disney said Friday it bought Starwave Corp.'s Family Planet Web site. INVESTMENT GROUP BUYS LIVE: Struggling video distributor Live Entertainment Inc. agreed to be acquired by closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. investment group Richland Gordon & Co. for at least $150 million in cash and assumed debt. Live, which had a loss of $3.03 million last year, said the deal will recapitalize re·cap·i·tal·ize tr.v. re·cap·i·tal·ized, re·cap·i·tal·iz·ing, re·cap·i·tal·iz·es To change the capital structure of (a corporation). re·cap it and put it on firmer financial ground. Shares of Live, which gained $1.25 on April 11 on speculation of a buyout, were up 12.5 cents to $5.75, just under the $6 a share buyout price. JANEX JANEX Joint Air Naval Exercise UP FOR SALE: Woodland Hills-based toy producer Janex International Inc. has announced it is up for sale as part of actively seeking additional sources of financing. The company, which produces licensed character merchandise from film studios such as tub toys, flashlights, banks and toothbrushes, also disclosed that it lost $2.87 million last year, compared with a loss of $1.14 million in 1995. 3D EARNINGS DON'T MEASURE UP: 3D Systems Corp., a Valencia-based maker of solid-imaging systems, said its first-quarter earnings will not meet analysts' estimates. It also announced top management changes including Richard Balanson is the new president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , replacing founder Charles W. Hull, who assumes the newly created posts of vice chairman and chief technology officer. TODD-AO BUYS HOLLYWOOD DIGITAL: Todd-AO Corp. said it agreed to acquire closely held Hollywood Digital for about $31 million in cash and debt, expanding its movie and television post-production and editing business. EARNINGS The Newhall Land and Farming Co. Valencia-based real estate developer March 31 1st Qtr. 1997 1996 Sales $36 million $32.7 million Net Income $10.6 million $6.2 million Net Per Partnership Unit 30 cents 17 cents x Sale of a 208-unit StoneCreek apartment complex contributed to higher revenues and earnings. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS WOMEN'S WORK Facts about women-owned businesses in the top 50 U.S. metropolitan areas, as of 1996: Knight-Ridder Tribune Graphics Network |
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