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. rose 22.75 to 7,312.15. Broader indicators were mostly positive, but the technology-heavy Nasdaq market fell 19.88, its worst drop since April 25. The Russell 2000 index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. of smaller companies edged lower, snapping its streak of record closes at seven. MEMO GW SHAREHOLDER MEETING GOES ON: H.F. Ahmanson & Co. has failed to stop Chatsworth-based Great Western Financial Corp. from holding a special shareholder meeting to vote on Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. Inc.'s bid for the thrift on the same day Great Western holds its annual meeting. Delaware Chancery Court The Chancery Court of York is an ecclesiastical court for the Province of York of the Church of England. The presiding officer, the Official Principal and Auditor, has been the same person as the Dean of the Arches since the nineteenth century . Judge Jack B. Jacobs denied Ahmanson's request for a court order that would have postponed the June 13 special meeting for six weeks after the annual meeting. Ahmanson, which has made a hostile bid for Great Western, wants to elect a slate of three directors at the annual meeting with the goal of blocking Great Western's $6.6 billion buyout by Washington Mutual. ?13- Daily News SATTEL SATTEL Satellite Telemetry GLOBAL GETS NIGERIAN DEAL: Sattel Global Networks has announced the Nigerian police force will use its hardware for all its data, voice and fax transmissions. Staff at the Chatsworth-based satellite telecommunications manufacturer estimate that this new contract will bring it between $5 million and $10 million in new business revenues. The network, currently being installed, is used to help the country's 32 police stations communicate with each other. ?13- Daily News SUPERIOR WINS FORD CONTRACT: Van Nuys-based Superior Industries International Inc. has been awarded an annual contract from Ford Motor Co. to supply aluminum road wheels for the F-150 pickup truck through the 1998 model year with an annual value of $5 million. The contract follows a recent multimillion-dollar contract from Ford to supply three aluminum road wheel styles for its 1998 Lincoln Navigator The Lincoln Navigator is a full-size luxury SUV produced by Ford Motor Company for its luxury division Lincoln. Introduced in 1998, the Navigator was one of the first full-size luxury SUVs. Sport Utility vehicle, including a chrome-plated version. ?13- Daily News `LOST WORLD' GAME ON THE WAY: Calabasas-based THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. has signed an agreement with Universal Studios Consumer Products Group to develop, publish and distribute an action game based on ``The Lost World: Jurassic Park.''The game will be distributed in October for the Nintendo Game Boy platform. ?13- Daily News INDENET RELOCATING: IndeNet Inc. will close its four-person Encino headquarters and relocate those operations to Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. The company will also focus on specializing on business software products for the television industry. Simi Valley-based aerospace company April 2nd Qtr. 1997 1996 Sales $44.7 million $47.6 million Net Income $34.4 million loss $4.9 million loss Net Per Share $3.09 loss 52 cents loss The current second-quarter loss was partially due to a charge of $22.1 million related to the 1995 purchase of Hughes LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. Systems Inc. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS WORKING FOR THE BIG THREE U.S. and worldwide employment by company, 1996 Knight-Ridder Tribune Graphics Network |
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