BIZWATCH : MARKETS.MARKET LOGIC: Stocks sputtered to a mixed finish Monday as investors winced at some hints of inflationary pressure just a day before a key Federal Reserve meeting on interest rate policy. 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. fell 14.93 to 7,672.79 after enduring a 100-point swing for the sixth straight session. MEMO RENO BLAIMS CANCELLATIONS ON SHORTAGE OF PARTS: The number of canceled flights on Reno Air Reno Air was a scheduled passenger airline that provided service from its hubs at Reno/Tahoe International Airport in Reno, Nevada and San Jose International Airport in San Jose, California to destinations throughout the western United States, with limited service to the US east , which is based in Reno and has daily flights into and out of Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation). “KLAX” redirects here. For other uses, see KLAX (disambiguation). Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX , more than tripled in June when compared to the same time last year, officials said Monday. The unusual increase, which has forced thousands of travelers to make last-minute trip changes throughout the Reno Air system, was mainly due to an unusual shortage of engine-part replacements from engine maker Pratt & Whitney, which is based in East Hartford East Hartford, urban town (1990 pop. 50,452), Hartford co., central Conn., on the Connecticut River opposite Hartford; settled c.1640, inc. 1783. East Hartford is a trucking and warehousing center, with bulk oil storage and distribution. , Conn., according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Reno Air officials. However, Reno Air, celebrating its fifth ``birthday'' today, expects to have its mechanical problems corrected this week, officials said. ?13- City News Service TRADER JOE'S Trader Joe's is a privately held chain of specialty grocery stores headquartered in Monrovia, California. As of September 2007, Trader Joe's has a total of 284 stores.[1] COMING TO SIMI SIMI Sea Ice Mechanics Initiative SIMI Search for Intelligent Monkeys on the Internet SIMI Students Islamic Movement in India SIMI Society of Irish Motor Industry SIMI Smallholder Irrigation Markets Initiative : Trader Joe's, a popular importer of natural and gourmet foods, plans to open a 6,800-square-foot market in Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. that will employ 15 people, a company official said. The store is tentatively scheduled to open Sept. 19 in the 2900 block of Cochran Street, said Carol Impara, director of product development for Trader Joe's, headquartered in South Pasadena South Pasadena (păs'ədē`nə), city (1990 pop. 23,936), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1888. Medical supplies, clothing, and transportation and electronic equipment are manufactured. . ``We'll bring in a manager and assistant manager but will hire the rest of the folks from the community,'' she said. ?13- Daily News RAMPAGE FILES CHAPTER 11: Privately held Rampage Clothing Co. and affiliate Rampage Retailing Inc. have filed for Chapter 11 bankruptcy protection, listing more than $93 million in debts and $77 million in assets, in U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in Los Angeles. The companies, which manufacture and sell young women's and children's clothing, have proposed paying 70 cents on the dollar to wholesale and manufacturing creditors and 50 cents on the dollar for retail creditors. The companies, which had been rapidly expanding retail operations, own about 50 stores operated under the Rampage, Judy's and Friends names. ?13- Daily News DATA EXCHANGE INCREASES PRODUCTION: Camarillo-based Data Exchange Corp. has added 30,000 square feet and an automated logistical system to increase its shipping capacity to more than 18,000 items daily. The computer services specialist said the changes have improved order processing speed so that customers can have their orders shipped and received within 24 hours. ?13- Daily News SUPERIOR WINS FORD MOTOR CONTRACT: Van Nuys-Superior Industries International Inc. has been awarded a multimillion-dollar contract from Ford Motor Co. to supply aluminum road wheels for its Ford Expedition Sport Utility vehicle through the 1998 model year with shipments beginning in late July. Superior has also won pacts this year from Ford for aluminum road wheels for its 1998 Lincoln Navigator Sport Utility vehicle and for its F-150 pickup truck. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS A GOOD HARVEST 1996 brought a record world grain crop - 1.84 billion tons. Percent increase from 1995 for major grains Knight-Ridder Tribune Graphics Network |
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