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. recovered from an 81-point deficit to finish with a gain of 20.02 at 6,955.48. Broader measures also rebounded from the day's lows, but only those dominated by blue-chip and other large companies pulled into positive territory. MEMO STOCK EXCHANGE CHANGES NAME: The Pacific Stock Exchange has changed its name to Pacific Exchange to reflect the growing importance of its options business, which grew 160 percent in the past five years. The name change comes with a new logo, look and acronym (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. ). PARAMOUNT HOLDS OFF `FLOOD': Paramount Pictures has postponed the release of action-thriller ``The Flood'' from May 2 to give the filmmakers and studio more time to work on post-production and marketing. Paramount and Cloud Nine Entertainment, which produced and co-financed the film, have not yet settled on a release date. The original date would have placed the big-budget project, starring Christian Slater Christian Slater (born August 18, 1969) is an American actor. Biography Early life Slater was born Christian Michael Leonard Hawkins in New York, New York, the son of Mary Jo Slater, a casting executive, and Michael Hawkins, an actor who was also known as and Morgan Freeman, a week after the opening of 20th Century Fox's disaster film ``Volcano,'' although a studio spokesman said the crowded late-spring schedule was not the major reason for the shift. IMAGE TO SELL PLAYBOY DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. : The Chatsworth-based company, the nation's largest laserdisc An earlier optical disc used for full-motion video and interactive training. It was introduced in the late 1970s and became obsolete in the 1990s. Videodisc systems based on a stylus were introduced (see CED), but only the optical-based LaserDisc survived, although never very popular. licensee and distributor, has signed an agreement for exclusive licensing and distribution rights to Playboy Home Video programming on the digital video disc See DVD. Digital Video Disc - Digital Versatile Disc format. The deal is the first DVD agreement for both companies. STUDIO SIGNS LEASE TO EXPAND: Burbank-based Matthews Studio Equipment Group signed a $2.4 million lease agreement for its Expendable Supply Store division, Hollywood Rental Co. division and corporate offices at 3111 N. Kenwood St., Burbank. The new lease, which will bring the three separate operations under one roof, increases Matthews' occupied space by more than 30,000 square feet. COURT TO GET ANOTHER LOOK AT LITTON SUIT: The Supreme Court told a federal appeals court to take another look at a high-stakes verdict against Honeywell Inc., in its long-running patent-infringement fight against Woodland Hills-based Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. Inc. Honeywell's appeal centered on a challenge to a patent rule known as the doctrine of equivalents The doctrine of equivalents is a legal rule in most of the world's patent systems that allows a court to hold a party liable for patent infringement even though the infringing device or process does not fall within the literal scope of a patent claim, but nevertheless is equivalent , which lets a patent holder get damages from competitors for products or processes that are similar, but not identical, to patented inventions. INVESTORS OFFER MORE FOR SANTA ANITA: Two investment groups, together holding 16.7 percent of the Santa Anita Group Cos. racetrack, joined forces and added $25 million to an existing offer to recapitalize the company. After a proposed $230 million distribution to current shareholders, the investment groups would own 70 percent of Arcadia-based Santa Anita. Koll Arcadia Investors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a partnership including Donald Koll and Leon Black, previously proposed that Santa Anita pay $27 a share in the form of a special dividend and a tender offer. Monday, joined by Colony Capital Inc., it offered a $116.5 million infusion of new equity capital into Santa Anita. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS SHRINKING HOUSEHOLDS Average number of persons per U.S. household. Knight-Ridder Tribune Graphics Network |
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