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. pushed back above 8,000 Wednesday, rolling to a 100-point gain for an unprecedented third straight day. The Dow, which rose 108 points Monday and nearly 115 on Tuesday, rose an additional 103.13 to 8,021.23. MEMO LAWSUIT THREATENED OVER PLAYA VISTA: Environmentalists put DreamWorks SKG SKG Stichting Kwaliteit Gevelbouw (Dutch) SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios) SKG Thessaloniki, Greece - Thessaloniki (Airport Code) SKG Smith and Kraus Global , the U.S. Army Corps of Engineers and others on notice Wednesday that they plan to sue under the Endangered Species Act The federal Endangered Species Act of 1973 (ESA) (16 U.S.C.A. §§ 1531 et seq.) was enacted to protect animal and plant species from extinction by preserving the ecosystems in which they survive and by providing programs for their conservation. if the proposed Playa Vista development goes forward. Marcia Hanscom, executive director of the Wetlands Action Network, said the U.S. Fish & Wildlife Service did not step in to protect up to 19 threatened or endangered species endangered species, any plant or animal species whose ability to survive and reproduce has been jeopardized by human activities. In 1999 the U.S. government, in accordance with the U.S. in the Ballona flood plain. The group wants to halt, or sharply curb, development on the Ballona Wetlands, where DreamWorks reportedly wants to build a studio. ?13City News Service NEW BUSINESSES IN STATE INCREASE: New businesses continue to be started in California at the fastest pace of the 1990s with 4,507 incorporations registered with the Secretary of State in July, bringing the year-to-date total to 32,962, according to CDB CDB Common Database CDB Caribbean Development Bank CDB Convention sur la Diversité Biologique (Convention on Biological Diversity) CDB China Development Bank (Beijing, China) CDB Capital Development Board Infotek. That was up 7.1 percent from last year's 30,688 and the highest number since 1989. In Los Angeles County, the January-July figure rose 5.2 percent to 13,388, while Ventura County's gain was 4.8 percent to 507. ?13Daily News CAL AMP NAMES 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. : Camarillo-based California Amplifier Inc. has named Fred Sturm, 39, president and chief executive officer, ending a search process that began in late 1996. Sturm will succeed Ira Coron, who continues as chairman, as CEO. Sturm has been president of Chloride Power Systems and previously held a variety of general management positions with M/A-Com and TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc Electronics. ?13Daily News IMALL POSTS QUARTERLY LOSS: Despite a nearly 10 percent jump in revenues, Studio City-based Internet commerce company iMALL Inc. posted a $499,475 net loss in the second quarter ended June 30, compared with a $483,987 profit in the comparable year-ago period, officials said. Revenues for the period were $5.1 million compared with $4.7 million last year, according to company officials. The earnings drop was blamed on a $1.5 million rise in advertising expenses and on costs associated with two acquisitions from early 1996, which affected the balance sheet for the first half of this year, officials said. The company said it recently received $500,000 in equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from some principals of its financial adviser, Geller & Friend Capital Partners, and that the advisers are seeking additional equity financing. ?13Daily News CAPTION(S): CHART: (1--color) BIZ FACTS Giving compared: Comparison of foreign a id budgets for U.S. and Germany, 1995. Knight-Ridder Tribune Graphics Network (2--color) DOW INDUSTRIALS |
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