BIZWATCH : MARKETS.MARKET LOGIC: A late surge carried 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. within 25 points of the 8,000 mark Tuesday, and the Nasdaq rally continued after another strong profit report from a leading technology name. The Dow rose 52.73 to 7,975.71, erasing a 44-point afternoon deficit to beat July 8's record finish of 7,962.31. MEMO GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) TO HIRE MORE FOR VENTURA COUNTY: GTE California, which has hired 1,200 new employees and transferred 1,000 more workers into new jobs since the beginning of the year, announced plans Tuesday to hire 600 more employees by year-end at its Ventura County offices. To help find candidates, GTE will host a Career Fair on Saturday, from 8 a.m. to 2 p.m., at the Oxnard Megacenter. ?13- City News Service NEW FLIGHTS TO BE LAUNCHED FROM LAX TO CHINA: China Southern Airlines China Southern Airlines (中国南方航空公司) (SEHK: 1055, NYSE: ZNH) is an airline based in Guangzhou in the Guangdong province of the People's Republic of China. will launch three direct flights between Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Guangzhou, Canton, China, with the arrival of its inaugural flight Sunday. The flight, on a Boeing 777, will mark the first time direct service is linked between the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and southern China. Flights to Guangzhou will depart Mondays, Thursdays and Saturdays at 1:30 a.m. Arrivals will be Sundays, Wednesdays and Fridays at 4:30 p.m. ?13- Daily News PIXAR ADDS MATTEL 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. TO BOARD: Pixar Animation Studios named Jill Barad, president and CEO of Mattel, to its board of directors. Pixar, Mattel and Walt Disney Co. have been working together to create toys and other merchandise for Pixar's second animated feature film, ``A Bug's Life,'' targeted for release during the 1998 holiday season. Pixar recently entered into a partnership with Disney to finance, produce and distribute five co-branded computer animated features and related products. ?13- Daily News ROY DISNEY Roy Disney can refer to two different people:
Disney, Walter Elias Disney Co. Vice Chairman Roy Disney and his wife sold 1.22 million of the entertainment company's shares, worth about $100 million, last month as the stock fell from record highs, the company said. The sale, about a sixth of Roy Disney's holdings, is his largest ever and is second only to $138 million in options exercised by Chairman Michael Eisner in 1992. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS Heat and light Average annual utility costs for a 1- to 4-bedroom accommodation in selected major cities Knight-Ridder Tribune Graphics Network |
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