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. completed its speedy recovery Monday and soared into the record books with a 143-point surge that lifted the indicator above 7,200 for the first time. The Dow, which traded fairly flat until the final hour, rose 143.29 to 7,214.49. It was the fourth biggest point gain ever and its first close above both 7,100 and 7,200. MEMO MEMO Memorandum MEMO Medicines Monitoring Unit (University of Dundee) MEMO Medical Equipment Management Office MEMO Mission-Essential Maintenance Only MEMO Mission-Essential Maintenance Operations MEMO Mental Modeler TRAVEL COMPANY TO PAY $3 MILLION FINE: A Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, travel company accused of making false promises to would-be agents has agreed to pay them back $3 million under a settlement announced Monday by federal regulators. The Federal Trade Commission said World Class Network in Irvine and its World Class Travel affiliate in Calabasas will give refunds to more than 51,000 consumers who bought costly travel tutorials. ?13- Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. DISNEY MUST PAY $4.5 MILLION FOR THEFT: 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.'s magazine publishing division must pay $4.5 million for stealing a former executive's idea for a children's magazine, a Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Superior Court jury said late Friday. The panel found that Linda De Rogatis created the idea for Disney's Big Times magazine aimed at kids. ?13- Associated Press DIANA CORP. ANNOUNCES RESULTS: Calabasas-based Diana Corp. expects to report revenue from its Sattel Communications unit to be $1 million for its fourth quarter ended March 31, off 77 percent from the prior quarter. The phone-equipment maker also said it borrowed $1.5 million in a short-term loan and is trying to sell the buildings and land from its former meat and seafood seafood Edible aquatic animals excluding mammals, but including both freshwater and ocean creatures. Seafood includes bony and cartilaginous fishes, crustaceans, mollusks, edible jellyfish, sea turtles, frogs, sea urchins, and sea cucumbers. unit.The company disclosed it expects to complete an agreement to sell its Valley Communications unit this month to a private investment group for $4 million. Shares of Diana fell 15 cents to $2.10. ?13- Daily News PREMIERE REPORTS EARNINGS: Premiere Radio Networks Premiere Radio Networks is a radio syndication and preparation company based in the United States. It is currently the largest syndication company in the United States based on popularity of programming. Inc. reported first-quarter earnings of $652,853, or 7 cents a share, off slightly from earnings of $665,580, 8 cents a share, in the 1996 period. Sales for the Sherman Oaks-based producer of syndicated radio programming were up 49 percent to $8.24 million. Premiere, which recently agreed to be bought out by Jacor Communications Inc., noted that its cash flow rose 63 percent to $2.03 million. Premiere stock was unchanged at $17.25. ?13- Daily News EARNINGS Unilab Corp. Tarzana-based laboratory services company March First Quarter 1997 1996 Sales $53 million $51.5 million Net Income (loss) ($1.1 million) ($1.9 million) Net Per Share (3 cents) (5 cents) First-quarter earnings performance outpaced the prior years for the first time in five years. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS LOW INFLATION Percent change in consumer prices, January 1996 to January 1997. Knight-Ridder Tribune tribune, in ancient Rome, one of various officers. The history of the office of tribune is closely associated with the struggle of the plebs against the patrician class to achieve a more equitable position in the state. From c.508 B.C. Graphics Network |
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