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. tumbled nearly 200 points Monday, its worst point loss since the 1987 crash, as a perceived threat by Japan to dump U.S. bonds spurred a crush of profit-taking. The Dow fell 192.25 to 7,604.26, the biggest point-drop by the blue-chip barometer since it lost 508 points in the Black Monday Black Monday, Oct. 19, 1987, in U.S. history, day of financial panic. The Dow Jones Average fell 508.32 points, a drop of 22.6%, the largest since 1914. The point decline as well as the volume, 604.33 million shares, exceeded previous records. crash of Oct. 19, 1987. MEMO VET GROUP ACQUIRES WEST HILLS HOSPITAL: National Veterinary Associates Inc. has acquired 22 animal hospitals in the West, including West Hills Animal Hospital in West Hills, for an undisclosed price. The properties will continue to operate under their own names, and the veterinarians Veterinarians and veterinary surgeons (vets) are medical professionals who operate exclusively on animals. Well-known and notable veterinarians include:
?13- Daily News 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 LOSES ROUND IN KATZENBERG FIGHT: The Walt Disney Co. was ordered Monday to turn over documents requested by former studio chief Jeffrey Katzenberg, who sued the Burbank-based entertainment giant for $250 million over an alleged unpaid incentive bonus. Katzenberg claims Disney owes him for a decade of success that saw revenues jump from $245 million annually to $4.8 billion. The Katzenberg lawsuit contends his bonus was worth 2 percent of the studio's profits. ?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. TODD-AO COMPLETES ACQUISITION: Todd-AO Corp. completed the previously announced acquisition of privately held Hollywood Digital, a post production specialist with 135 employees, for an undisclosed price. Hollywood Digital's services include on-line digital editing, film-to-tape transfer and color correction Altering the colors in an image in order to print or display it properly or for special effects. Depending on the application, color correction can be a significant problem if the resulting image must be approved or a purchase is made because of color choice. , graphics and effects, audio editing Audio editing is the process of taking recorded sound and changing it directly on the recording medium (analog) or in RAM (digital). Audio editing was a new technology that developed in the middle part of the 20th century with the advent of magnetic tape recording. , pre-lay, mixing and sweetening, and tape duplication. ?13- Daily News SYNCOR TO BUY BACK 500,000 SHARES: Woodland Hills-based Syncor International Corp.'s board has approved the repurchase of an additional 500,000 shares of the company's common stock. It brings to 2 million the number of shares the company can repurchase. Directors also authorized a contribution of 250,000 shares to the company's Employees' Savings and Stock Ownership Plan. Syncor International compounds and dispenses radiopharmaceutical radiopharmaceutical /ra·dio·phar·ma·ceu·ti·cal/ (-fahr?mah-soo´ti-k'l) a radioactive pharmaceutical, nuclide, or other chemical used for diagnostic or therapeutic purposes. products used in diagnostic imaging and therapy. ?13- Daily News UNIVERSAL OPENS BOUTIQUES IN SOUTH AFRICA South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. : Universal Studios launched a retail partnership program last week with the opening of Universal Studios boutiques within 25 Edgars department stores across South Africa. The campaign is timed to coincide with the South African premiere of ``The Lost World: Jurassic Park'' on Thursday. The boutiques will feature dinosaur-theme merchandise but will be changed eventually to include other theme merchandise in what is the first such venture in South Africa. Universal said it plans to introduce a limited number of similar stores in major markets around the world. ?13- Daily News CHARTER OAK BUYS PART OF DICK CLARK: Private investment group Charter Oak Partners acquired 5.7 percent of the common shares of Burbank-based TV producer dick clark productions. The Connecticut-based partnership spent $5.2 million to buy 433,700 shares, an average of $12.06 a share. Shares of the company were up 25 cents to $13. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS GETTIN' SATISFACTION Top five ranking automobile brands in J.D. Power and Associates' 1997 sales satisfaction survey Knight-Ridder Tribune Graphics Network |
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