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. pushed closer to 6,000 as stocks advanced broadly, led by technology shares, with interest rates dipping further in the bond market. The Dow rose 29.07 to 5,933.97, extending its dramatic rebound to more than 750 points, or 14.5 percent, from the depths of July's bruising sell-off. MEMO CHAPTER 11: Magic Ford and Magic Lincoln-Mercury in Valencia have sought protection from creditors under the U.S. Bankruptcy Code Bankruptcy Code may refer to:
TURNER APOLOGIZES: Ted Turner has apologized to the Anti-Defamation League Anti-Defamation League B’nai B’rith organization which fights anti-Semitism. [Am. Hist.: Wigoder, 33] See : Anti-Semitism for comparing fellow media mogul Rupert Murdoch to Adolf Hitler, the league said. Turner apparently has not apologized to Murdoch. In a letter to ADL national director Abraham Foxman, dated Tuesday, Turner said he regretted his ``unfortunate choice of words Noun 1. choice of words - the manner in which something is expressed in words; "use concise military verbiage"- G.S.Patton phraseology, wording, diction, phrasing, verbiage .'' ``The comparison I made referred only to the way Hitler managed the news in Germany,'' Turner wrote. MAGIC JOHNSON: Magic Johnson announced he will take his Los Angeles-based theater chain nationwide over the next 18 months. The expansion plan targets minority neighborhoods in Atlanta, Houston, Chicago, Detroit, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Orleans, Cleveland, San Diego, Washington and Baltimore. Announced by the former Laker star and partner Sony Theatres, the venture will bring the total number of Magic Johnson screens to more than 200. SWEETER BID: Service Corp. International sweetened sweet·en v. sweet·ened, sweet·en·ing, sweet·ens v.tr. 1. To make sweet or sweeter by adding sugar, honey, saccharin, or another sweet substance. 2. To make more pleasant or agreeable. its bid for rival funeral home operator Loewen Group Inc. and said it would make the offer directly to Loewen shareholders. Houston-based Service Corp. said it would offer nearly $2.72 billion in stock for the Canadian company, or just under $45 for each Loewen common share. The earlier bid was $2.5 billion. Loewen said it would respond ``in due course.'' ARCO PLANS: Atlantic Richfield Co. and two partners plan to develop an oil field west of Prudhoe Bay that will help offset declining production from Alaska's North Slope. The find is the biggest commercially viable discovery in Alaska since 1988. At 300 million barrels of proven reserves, the field is a fraction of the size of the 12 billion barrel Prudhoe Bay field. The new project - dubbed Alpine - will be operated by Arco and its minority partners, Anadarko Petroleum and Union Texas Petroleum. MISCELLANEOUS: Bob Rawitch, former Valley edition editor of the Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). , has been named a vice president of the Encino office of Winner/Wagner & Associates, a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and consulting firm. . . . AmSec International of Thousand Oaks announced it has acquired Courtesy Security, a division of Baker Security Systems. The combined company will employ more than 450 people and will provide services throughout Ventura County. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS S OFT MONEY Soft money contributions to the political parties for the first 15 months of the election cycle, Jan. 1, 1995 to March 31, 1996 Knight-Ridder Tribune Graphics Network |
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