BIZWATCH : MARKETS.MARKET LOGIC: Wall Street's weeklong celebration of Election Day continued as interest rates fell to an eight-month low in the bond market, boosting 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. above 6,200 for the first time. MEMO KODAK LAWSUIT: Eastman Kodak Co. has accused two long-term employees of conspiring to steal trade secrets worth millions of dollars and sell them to competitors. Harold Worden, who retired in 1992 after 28 years with the Rochester, N.Y., company, set up a consulting firm that profited from his inside knowledge of advanced methods used in making photographic film, Kodak alleged in a federal lawsuit. Worden also obtained confidential documents through his successor at Kodak, Kurt Strobl, and by recruiting 63 former colleagues, many of them recent retirees, the lawsuit alleged. Strobl, a 22-year employee, was fired Wednesday. CHEVRON SETTLES BIAS SUIT: Chevron said it has agreed to pay $8.5 million to settle a class-action lawsuit that alleges it discriminated against 777 women in pay, promotions and assignments. The suit follows last year's $2.2 million out-of-court settlement An agreement reached between the parties in a pending lawsuit that resolves the dispute to their mutual satisfaction and occurs without judicial intervention, supervision, or approval. on related sexual harassment sexual harassment, in law, verbal or physical behavior of a sexual nature, aimed at a particular person or group of people, especially in the workplace or in academic or other institutional settings, that is actionable, as in tort or under equal-opportunity statutes. claims at Chevron Information Technology Co., or CITC CITC Communications and Information Technology Commission (Saudi Arabia) CITC Cottage Industry Technology Center CITC Canadian Institute of Travel Counsellors CITC Cook Inlet Tribal Council (Anchorage, Alaska) , a San Ramon-based operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Chevron Corp. The lawsuit claimed that Chevron routinely passed over qualified women for promotions and gave male counterparts salaries as much as $80,000 higher. SPRINT MAKES BLOCKBUSTER ROLLOUT: Sprint Corp. is giving away CD-ROMs and a month of free time on its Internet-access service to customers of Viacom Inc.'s Blockbuster Entertainment unit, marking a broader rollout of Sprint's service. The CD-ROMs enable users of personal computers to access entertainment news and music clips published on the World Wide Web by Blockbuster and other companies. Blockbuster will distribute about 1.5 million CD-ROMs free to customers who rent a video. After the first free month, customers will chose between two pricing plans: $19.95 a month for unlimited use or $1.50 an hour. ENVIRONMENTAL CIVIC DUTY: Honda unveiled a natural gas-powered Civic, extolling it as the cleanest vehicle ever built with an internal combustion engine Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. . The Civic GX's emissions reportedly are one-tenth of California's Ultra Low Emission Vehicle A ULEV or Ultra-Low Emissions Vehicle is a vehicle that has been verified by the California Air Resources Board to emit 50% less polluting emissions than the average for new cars released in that model year. standards, a special class of vehicle intended to help cut smog. The car will be sold starting late next year to buyers of auto fleets who are required to use alternative fuel vehicles under the federal Energy Policy Act. It will cost about $4,500 more than a comparable gasoline-powered Civic LX, which runs about $10,000. CARS FOR RENT: Wayne Huizenga already sells used cars. Now he'll rent them. His Republic Industries Inc. will buy Alamo Rent-A-Car Inc. for $625 million in stock. Since Fort Lauderdale, Fla.-based Republic opened its first AutoNation used-car arm last month, the company has said it was looking for a steady supply of fresh models. Alamo, the nation's fourth-largest car renter, has about 150,000 cars. MISCELLANEOUS: Among Southland Latinos, Spanish language station KMEX (Channel 34) had the highest-rated TV election program Tuesday night. Overnight results from A.C. Nielsen showed KMEX had a 26.3 rating from 7 p.m. to 7:30 p.m. for ``Destino '96'' - more than KABC KABC Kaufman Assessment Battery for Children , KCOP, KNBC KNBC Kings Norton Bowling Club and KCBS KCBS Kansas City Barbecue Society KCBS Korea Christian Book Service (now called KCB; Seoul, Korea) KCBS Kerala Catholic Bible Society (Kerala, India) combined. . . . The Parkway Calabasas shopping center will unveil its Ceramic Garden at 10 a.m. today. Through ``tile sponsorships,'' more than $6,000 was raised for the Friends of the Calabasas Library. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS VIVA LA DIFFERENCE How women and men business owners use credit Knight-Ridder Tribune Graphics Network |
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