BIZWATCH : MARKETS.MARKET LOGIC: Investors pushed broad stock averages to new highs Thursday but left the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance industrials just shy of a record, as traders adjusted portfolios ahead of today's ``triple witching'' day.The Dow average ended at 7,777.06, up 58.35 points and just short of its closing record of 7,782.04 reached May 13. MEMO CLINTON WON'T HONOR DISNEY BOYCOTT: There's already one Southern Baptist who doesn't intend to honor the religious group's boycott of Disney - President Clinton. ``No,'' the president said simply when asked Thursday if he would abide by his denomination's sanctions.The Southern Baptist Convention Noun 1. Southern Baptist Convention - an association of Southern Baptists association - a formal organization of people or groups of people; "he joined the Modern Language Association" Southern Baptist - a member of the Southern Baptist Convention voted Wednesday to boycott Disney because of gay-friendly workplace policies and its marketing of films containing violent and sexual matters. ?13- Associated Press EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. CLOSES RECORD LABELS: EMI Group PLC will close down its EMI Records operation today and may also shutter its Enclave label. There was no indication of what will happen to staff and artists under the EMI Records, which includes the EMI, SBK SBK Superbike (racing motorbikes) SBK Snowboard Kids (gaming) SBK Svenska Brukshundklubben SBK Stichting Bouwkwaliteit (Dutch) SBK South Brooklyn Railway Company and Chrysalis chrysalis (krĭs`əlĭs): see pupa. labels. EMI Group also operates the Capital, Angel and Virgin labels. ?13- Daily News WARNER JOINS PEPSI GENERATION: Burbank-based Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . has reached a multiyear alliance giving PepsiCo exclusive pouring rights at existing and projected Warner Bros. International Theatres under Warner management. The agreement covers 358 movie screens at 43 theatres in Great Britain, Spain, Germany, Portugal, Italy and Japan. ?13- Daily News FIELDS GETS $10 MILLION CREDIT LINE: Simi Valley-based Fields Aircraft Spares Inc. has reached an agreement for a $10 million revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line with NationsCredit Commercial Funding. The three-year facility is $3.7 million higher than its previous line and carries a lower interest rate. It said the funds are needed to continue the growth of distributorship and brokerage activities, which saw sales rise more than 138 percent in the first quarter from the same period of 1996. ?13- Daily News CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS FAVORITE PLACES Percent of U.S. companies who send international travelers to these areas. Knight-Ridder Tribune Graphics Network |
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