BIZWATCH : MARKETS.MARKET LOGIC: Stocks faltered in a bid for more new highs Thursday as the bond market resumed its recent slide, lifting interest rates further from last week's 17-month low. 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 71.31 to 8,188.00 despite posting a small advance for much of the day. An early 40-point gain had put the blue-chip barometer just a half point shy of its first trip above 8,300. MEMO ADELSON INVESTS IN CINEBASE: Sherman Oaks-based Cinebase Software received a $5 million investment from two venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] associated with veteran entertainment executive Merv Adelson. Four-year-old Cinebase, a specialist in digital media management systems, received a $13 million contract from the National Imaging and Mapping Agency earlier this year. It also said it signed deals with special-effects producers ReZ.n8 and Centropolis Effects to use Cinebase systems. The Centropolis system will be used on its coming work on Sony's film ``Godzilla'' and Fox's TV series ``The Visitor.'' ?13- Daily News UNILAB GETS S&P UPGRADE: Reacting to improvements in Unilab Corp.'s finances, Standard & Poor's on Thursday gave the Tarzana-based diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease service provider a B rating, upgrading the company's outlook to stable from the prior negative rating. Earlier this week, the company reported it had posted second-quarter revenues of $54 million, up from $52.1 million the comparable period last year, and net income of $54,000, up from last year's $2.7 million loss. Unilab stock jumped 3/16 to close Thursday at 1-3/4. ?13- Daily News UNIVERSAL GOES LATINO: Universal Studios plans to begin producing television programs in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. for the first time early next year. It also has signed agreements with Argentina's Artear SA Canal 13 to distribute Universal programs and is holding talks with stations in Brazil, Mexico and Venezuela for other distribution pacts. Universal also said it had appointed Tony Garland Garland, city (1990 pop. 180,650), Dallas co., N Tex., a suburb of Dallas; inc. 1891. Since World War II, Garland has grown from an agricultural community into an important center for electronics research and for the production of electronic equipment. , formerly an executive with Viacom Inc.'s MTV Networks MTV Networks is a division of media conglomerate Viacom that oversees the operation of many TV network and Internet brands, including the first MTV channel. The company was established in 1984 after Warner Communications and American Express decided to divest the basic cable , as managing director of Universal Studios Networks, which will oversee development of new channels worldwide. ?13- Daily News MATTHEWS STUDIO TO BUY OLESEN: Burbank-based Matthews Studio Equipment Corp., a supplier of grip and lighting equipment for the entertainment industry, said Thursday it's Expendable Supply Stores division has signed a letter of intent to acquire Olesen, a division of Hollywood-based Entertainment Resources Inc. that supplies theatrical equipment. The approximately $2 million deal, to be paid in a combination of cash and notes, will allow ESS (1) (Electronic Switching System) A large-scale computer from Lucent used to route telephone calls in a telephone company office. The 5ESS is a Class 5 central office switch, and the 4ESS is a Class 4 tandem office switch. to expand into other geographical markets, 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. officials. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS FEWER WORKERS Percent change in employment in manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation , 1990-95 Knight-Ridder Tribune Graphics Network |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion