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. finished above 7,500 for the first time, giving it a stunning 50 percent gain in about a year and a half, as stocks staged another record-setting advance Tuesday. The Dow average nearly surrendered a 94-point morning gain, but spiked higher over the last hour of trading, rising 60.77 to 7,539.27. MEMO PARAMOUNT SIGNS DEAL WITH FRAKES: Paramount Studios has reached a two-year first-look deal with Jonathan Frakes Some of the information in this article or section may not be verified by . It should be checked for inaccuracies and modified to cite reliable sources. Jonathan Frakes , director and one of the stars of ``Star Trek: First Contact,'' under which Frakes will develop and direct films for the studio. ``First Contact'' took in more than $145 million worldwide following its release in November. ?13- Daily News SHAREHOLDERS REVOLT AGAINST CHANTAL: Dissident shareholders dissident shareholders Shareholders who oppose a firm's management or management policy. For example, dissident shareholders of Hewlett-Packard opposed that firm's offer to purchase Compaq Computer. of Chantal Pharmaceutical Corp., which makes the anti-wrinkle cream Ethocyn, are seeking to oust Chief Executive Chantal Burnison and her board of directors. Investor Peter Ting said his group is negotiating with Georgette Georgette Mary Richards’ coworker and Ted Baxter’s wife; epitomizes gullibility. [TV: “The Mary Tyler Moore Show” in Terrace, II, 70] See : Gullibility Georgette Ted Baxter’s pretty, ignorant wife. Mosbacher to be their nominee to replace Burnison as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The dissidents, who own 7 percent of the company's shares, include Francis Phelan, Chantal's former managing director for international operations, who left the company April 2. Mosbacher, wife of former U.S. Commerce Secretary Robert Mosbacher, bought the La Prairie cosmetics company in 1985, selling it in 1989. Two years ago, Mosbacher made an unsuccessful effort to purchase 34 percent of Laura Ashley Holdings Plc, the London-based designer of apparel, perfume and home furnishings. ?13- Bloomberg News CALABASAS COMPANY HAS BATMAN 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). : Calabasas-based Sound Source Interactive Inc. will participate in a promotion with DC Comics and Kellogg USA for its ``Adventures of Batman & Robin Interactive MovieBook'' CD-ROM. The CD-ROM is offered as a part of the DC Comics Action Pack offer, an assortment of Batman collectibles that can be ordered by buying Froot Loops, Crispix, Rice Krispies and Rice Krispies Treats cereals. The CD-ROM, based on episodes of the animated television series “Animated series” redirects here. For full information about animated series, see Animated cartoon. Animated Series are a television series produced by means of animation. , includes three stories, video clips from the TV series, photos, animation, sound effects and other activities. ?13- Daily News JUDGE AWARDS $1.5 BILLION IN PARRETTI FRAUD: A final default judgment of nearly $1.5 billion was entered against fugitive ex-MGM studio chief Giancarlo Parretti by a judge in favor of Credit Lyonnais Bank Nederland. But it's not over for Credit Lyonnais, which must now try to collect the money from the vanished Italian financier. Superior Court Judge Joseph R. Kalin entered a default judgment Monday against Parretti for violating the conditions of his release from jail after his 1995 arrest in Los Angeles. Kalin then ordered Parretti to pay the former Dutch subsidiary of Credit Lyonnais $1.1 billion and $376 million in interest for fraud in connection with Parretti's 1990 acquisition and looting of MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. . Parretti fled the United States in January, after he was convicted in a Delaware court of perjury perjury (pûr`jərē), in criminal law, the act of willfully and knowingly stating a falsehood under oath or under affirmation in judicial or administrative proceedings. and evidence tampering in connection with another MGM-related suit. ?13- Associated Press CAPTION(S): 2 Chart Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS MOVIEGOERS IN GERMANY Films released in Germany in 1996 with the highest number of admissions Knight-Ridder Tribune Graphics Network |
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