BIZWATCH : MARKETS.MARKET LOGIC: Even by recent standards, stocks put on an erratic display Thursday, sliding and charging back, only to slide again, and seemingly with little rhyme or reason sound or sense. See also: Rhyme . 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. fell 92.90 to 7,694.43. Less that an hour before the close, though, the Dow was up 25 points. MEMO GOOD GUYS REMODELS, REOPENS: Good Guys Inc. has reopened its flagship Beverly Center store after a $1 million makeover intended to enhance consumers' shopping experience and grow revenue. Company President Robert Gunst said that all of the chain's 76 stores will be remodeled over the next several years. It is being done in an attempt to counter a slump in sales of electronics, Gunst said. ?13- Daily News BOX-OFFICE REVENUE SETS RECORD: Blockbusters ``Men in Black'' and ``The Lost World: Jurassic Park'' propelled 1997 domestic summer box-office revenue to a record estimated $2.15 billion, according to Entertainment Data Inc. The total for the 15 weeks from Memorial Day weekend to Labor Day weekend increased 3.2 percent from $2.08 billion last year. Tracking service Exhibitor Relations, which usually issues higher figures, has also indicated it expects the final summer figure to set a record. ?13- Daily News GM GETS HIGH MARKS IN SURVEY: General Motors led all automakers in the 1997 J.D. Power and Associates Automotive Performance Execution and Layout study of the top three vehicles in 12 categories. GM placed first in five categories and took five second-places. GM first-place winners were Chevrolet Malibu, midsize entry; Pontiac Grand Prix The Pontiac Grand Prix is an automobile produced by the Pontiac division of General Motors. First introduced as part of Pontiac's full-size model offering for the 1962 model year, the Grand Prix name has also been applied to cars in the personal luxury car market segment and the , mid-size premium; Chevrolet Corvette corvette, small warship, classed between a frigate and a sloop-of-war. Corvettes usually were flush-decked and carried fewer than 28 guns. They were widely employed in escorting convoys and attacking merchant ships during the great naval wars of the late 18th and , premium sport car; GMC GMC See: Guaranteed Mortgage Certificate Suburban, full-size sport utility vehicle; and Chevrolet Venture tied with Chrysler Town & Country for compact van. Overall, 12 GM vehicles made the APEAL APEAL Automotive Performance, Execution and Layout APEAL Association of European Producers of Steel for Packaging list, followed by Volkswagen-Porsche with six and Ford with five. ?13- Daily News 3D TO BUY EOS Eos (ē`ŏs), in Greek religion and mythology, goddess of dawn; daughter of the Titans Hyperion and Theia. Every morning she arose early and preceded her brother Helios into the heavens. IMAGING BUSINESS:Valencia-based 3D Systems Corp. will buy the solid-imaging business of EOS GmbH of Germany for $3.25 million, a warrant to buy 150,000 shares of 3D's common stock at $8 each and an exclusive licensing of its laser sintering patents. The purchase will result in a $2.35 million one-time charge against third-quarter earnings. 3D also will settle its patent infringement and unfair competition lawsuits against EOS and an EOS customer. ?13- Daily News SOUND SOURCE TO INCLUDE AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. IN TITLES: Calabasas-based Sound Source Interactive agreed with America Online to include AOL's application program in at least five of its upcoming entertainment and educational titles, including ``Final Conflict.'' Sound Source's products are based on major motion pictures and TV series. ?13- Daily News CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS LATINO BUYING POWER Hispanic purchasing power has skyrocketed during the '90s, according to a study by the University of Georgia Organization The President of the University of Georgia (as of 2007, Michael F. Adams) is the head administrator and is appointed and overseen by the Georgia Board of Regents. . Knight-Ridder Tribune Graphics Network |
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