BIZWATCH : MARKETS.MARKET LOGIC: Technology shares slid sharply again Tuesday on worries about computer industry profits, but a late surge trimmed most losses in other sectors. 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 1.48.Copper futures prices plunged to a 28-month low as investors continue to worry Sumitomo Corp. will flood the market as it tries to recover from a $1.8 billion trading scandal. MEMO MIXED BILLS: Interest rates on short-term Treasury securities were mixed in Monday's auction. The Treasury Department sold $13.1 billion in three-month bills at an average discount rate of 5.10 percent, up from 5.08 percent last week. Another $13.1 billion was sold in six-month bills at an average rate of 5.23 percent, down from 5.27 percent. ON BOARD: The 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 Company on Tuesday announced it has elected a Jesuit priest who is president of Georgetown University Georgetown University, in the Georgetown section of Washington, D.C.; Jesuit; coeducational; founded 1789 by John Carroll, chartered 1815, inc. 1844. Its law and medical schools are noteworthy, and its archives are especially rich in letters and manuscripts by and to the company's board of directors. Leo J. O'Donovan Rev. Leo J. O'Donovan, S.J. (born in New York City in 1934) was the 47th President of Georgetown University. A 1956 graduate of Georgetown, he studied at the Universite de Lyon on a Fulbright scholarship and received a doctorate in 1961 from Fordham University. , 62, has been president of the school since 1989. He is a professor of theology, and his doctorate is from the University of Munster, Germany. ``We are delighted and honored to have Father O'Donovan join our board of directors,'' said Michael D. Eisner, Disney chairman and chief executive. OOOH OOOH Out of Our Heads (Rolling Stones album) , BABY: After standing apart from the health-food craze for years, Gerber Products Co. said that it will stop adding starch and sugar to some of its core line of baby foods. Gerber said Tuesday its extensive consumer research showed that a growing number of health-conscious parents prefer baby food without the added ingredients. ON-LINE HEARING: A Senate hearing on data encryption data encryption, the process of scrambling stored or transmitted information so that it is unintelligible until it is unscrambled by the intended recipient. Historically, data encryption has been used primarily to protect diplomatic and military secrets from foreign will be carried live on the Internet this morning, in what's being billed as the first live Internet connection to such a congressional event. Beginning at 6 a.m. PST PST Paroxysmal supraventricular tachycardia, see there , Internet participants will be able to hear live testimony at a four-hour subcommittee hearing on the so-called Pro-CODE bill, sponsored by Sen. Conrad Burns Conrad Ray Burns (born January 25, 1935) is a former United States Senator from Montana. He was only the second Republican to represent Montana in the Senate since the passage in 1913 of the Seventeenth Amendment to the Constitution and is the longest-serving Republican senator in , R-Mont., and Sen. Patrick Leahy, D-Vt.People who want to participate in the hearing should point their Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. to http://www.hotwired.com/wireside/. To listen to the testimony, the browser must be equipped with a copy of a program called RealAudio; it is available free at http://www.realaudio.com/. THE COOKIE AD CRUMBLES: A Paris court has banned an advertising campaign by Philip Morris Cos. that argues breathing second-hand tobacco smoke poses a smaller health risk than eating cookies, a lawyer for French food companies said. It is the first time a court has banned an issue-based ad campaign by European unit of the maker of Marlboro cigarettes, said a company spokesman. MORE MUTUALS: Some of the biggest names in the mutual-fund business just grew bigger. Hoping to beat rivals to the punch, Morgan Stanley Group Inc., Merrill Lynch & Co. and Franklin Resources Inc. paid a total of more than $2 billion in the past two days for some of the most famous families of mutual funds. FURNITURE FINE: Levitz Furniture Corp. will pay more than $1 million to California and seven other states to settle claims that it deceptively advertised discount prices, the state attorney general said Tuesday. Levitz will pay fines of $102,250 each to the California Attorney General's Office and the District Attorney's Office of Orange County, where California's complaint against the furniture company was filed. CAPTION(S): 2 Charts, Photo Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZFACTS FIRST-QUARTER INFLATION Percent change in consumer prices from first quarter 1995 to first quarter 1996 Knight-Ridder Tribune Graphics Network Photo: No caption (Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. O'Donovan, president of Georgetown University and board member of Walt Disney) |
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