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. flirted with 8,000 in early trading Thursday, sank below 7,900 at midday, and then ended the day up 13.71 at 7,942.03, a slight gain that hardly reflected the day's volatility. MEMO GUITAR CENTER REFINANCES DEBT: Agoura Hills-based Guitar Center Inc. signed a $40 million line of credit with Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank to replace the existing $25 million line with the bank. Chief Financial Officer Bruce Ross Bruce Ross is an Canadian poet, author, humanities educator and past president of the Haiku Society of America. He was born in Burlington, Ontario. Ross has taught Japanese poetry (in translation) and painting forms for many years at a number of institutions, including stated that the company presently generates sufficient internal cash flow to fund its expansion strategy but the new line will help the company take advantage of any opportunities that may arise to accelerate the growth rate. Guitar Center, which operates 35 stores in 19 major markets, has opened 12 new stores and bought two others in the past 18 months. ?13Daily News AMTRAK EXTENDS SUNSET LIMITED For the play by Cormac McCarthy, see . The Sunset Limited is a passenger train that for most of its history has run between New Orleans and Los Angeles, California, and that from early 1993 through late August of 2005 also ran east of New Orleans to Florida, making it : Amtrak has extended the Sunset Limited, the nation's longest train route, by 20 more miles to restore service to Orlando, cut off in a cost-saving route change in November. Orlando became the new eastern terminus of the nearly 3,000-mile route 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 Florida two weeks ago, said Amtrak spokesman Marc Magliari in Chicago. The change also restored a stop at Winter Park, just north of Orlando. ?13Associated 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. XYLAN xylan /xy·lan/ (zi´lan) any of a group of pentosans composed of xylose residues; major structural constituents of wood, straw, and bran. GETS NAVY CONTRACT: Xylan Corp., a Calabasas-based manufacturer of computer network equipment, has been selected to provide network systems over a four-year period to the U.S. Navy.Xylan will serve as a subcontractor, supplying ship-based networking equipment to Electronic Data Systems, the prime contractor which will oversee the entire project. Xylan said it does not know how much of the project's $160 million budget will go to the company. ?13Daily News LITTON RECEIVES $50 MILLION CONTRACT: Woodland Hills-based Litton Industries has received one of four awards from the Defense Logistics Agency Noun 1. Defense Logistics Agency - a logistics combat support agency in the Department of Defense; provides worldwide support for military missions Defense Department, Department of Defense, DoD, United States Department of Defense, Defense - the federal department for a software engineering-technical support contract. Litton anticipates it will receive more than $50 million of work over the next five years to switch major portions of the agency's computer system from mainframes to servers. ?13Daily News EARNINGS Image Entertainment Inc. Chatsworth-based laserdisc An earlier optical disc used for full-motion video and interactive training. It was introduced in the late 1970s and became obsolete in the 1990s. Videodisc systems based on a stylus were introduced (see CED), but only the optical-based LaserDisc survived, although never very popular. programmer June 1st Qtr. 1997 1996 Sales $16.9 million $20.1 million Net Income (Loss) ($191,000) $606,000 Net Per Share (one cent) 4 cents Flamemaster Corp. Sun Valley-based sealants maker June 3rd Qtr. 1997 1996 Sales $950,431 $963,711 Net Income $286,455 $145,770 Net Per Share 21 cents 10 cents CAPTION(S): 2 Charts Chart: (1--Color) BIZ FACTS The French-African connection: Foreign assistance has given France an entree into markets and business ventures in Africa. Knight-Ridder Tribune Graphics Network (2--color) DOW INDUSTRIALS |
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