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. gave back nearly 140 points Wednesday as the Federal Reserve provided some abrupt reminders that rising inflation and interest rates are still a threat. The Dow, which had surged nearly 500 points over the past seven sessions, fell 139.67 to 7,085.65. MEMO THEATER BOX OFFICE TOPS $2 BILLION: The 1997 domestic box office went past $2 billion Sunday on the 18th weekend of the year, hitting the milestone three weeks earlier than last year's record-setting pace, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Exhibitor Relations Co. Ticket sales are up 19 percent over the same period last year, which wound up with $5.92 billion at year's end, and on track to reach $7 billion this year. The top grossers so far this year have been Universal's ``Liar Liar'' with $151.5 million and 20th Century Fox's revamped ``Star Wars'' with $141 million, while Sony has the leading market share with 19.7 percent, followed by Fox with 16.3 percent. ?13- Daily News KINKO'S BUYS COMPANY: Kinko's Inc., a Ventura-based chain of business services stores, has bought Electronic Demand Publishing Inc., a document management and manufacturing company. The acquisition enables Kinko's to expand its service to midsize and large businesses and their need for complex printed materials, disk duplication and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). replication, financial reports, sales literature Sales literature Material written by an institution selling a product, which informs potential buyers of the product and its benefits. and others. EDP (Electronic Data Processing) The first name used for the computer field. EDP - Electronic Data Processing will become a separate Kinko's division named Corporate Document Solutions. ?13- Daily News DISNEY PROMOTES KRIGER: Burbank-based 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 Co. has promoted Adam Kriger, its director of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , to vice president of strategic planning. Kriger, 30, is responsible for strategy and new business development for Disney's theme parks, resorts and regional entertainment activities. ?13- Daily News EARNINGS Matthews Studio Equipment Group Burbank-based manufacturer and distributor of filmmaking film·mak·ing n. The making of movies. equipment March 2nd Qtr. 1997 1996 Sales $10.8 million $6.8 million Net Income $519,000 $117,000 Net Per Share5 cents 1 cent x The company has been profitable for the past six quarters as revenues have steadily increased. Taitron Components Inc. Santa Clarita-based distributor of discrete semiconductor devices Mar. 1st Qtr. 1997 1996 Sales $8 million $8.1 million Net Income (Loss) $609,000 $760,000 Earnings Per Share 9 cents 11 cents CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS A VERY GOOD YEAR FOR BORDEAUX Exports of French Bordeaux wines hit an all-time high in 1996 Knight-Ridder Tribune Graphics Network |
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