BIZWATCH : MARKETS.MARKET LOGIC: Stocks rose only modestly Thursday as a broad rally fizzled. The Dow rose just 36.28 to 7,922.72 after retreating from an early-afternoon gain of 135 points that put the blue-chip barometer above 8,000 for the first time since Aug. 21. MEMO MEMO Memorandum MEMO Medicines Monitoring Unit (University of Dundee) MEMO Medical Equipment Management Office MEMO Mission-Essential Maintenance Only MEMO Mission-Essential Maintenance Operations MEMO Mental Modeler BEACON TO BUY MEDIA CENTER PROJECT: Beacon Properties Corp. has agreed to buy the Media Center project, Burbank's first commercial office development in five years, from developer J.H. Snyder for an undisclosed price. Snyder and Boston-based Beacon will co-develop the three interconnected six-story buildings, with 585,000 square feet. The property, scheduled to open in 1999, will be managed by Beacon and leased by Snyder. ?13Daily News IWERKS TO PRODUCE THEME PARK ATTRACTION: Burbank-based Iwerks Entertainment Iwerks Entertainment was founded in 1985 by Stan Kinsey and Don Iwerks, two former Disney Executives, and became well known through 1996 as a leading developer of special venue and virtual reality theaters throughout the world. Inc. has received a contract worth more than $3.5 million with an unidentified company to produce a theme park attraction using new Iwerks technology to project images at 48 frames per second, twice the industry standard. The giant-screen movie specialist said the format gives greater clarity to large images. Iwerks stock was up 12.5 cents to $3.94. ?13Daily News NEWMAN JOINS SIRENA GROUP: The Sirena Apparel Group, a maker of designer swimwear based in South El Monte South El Monte, city (1990 pop. 20,850), Los Angeles co., S Calif., in the San Gabriel Valley; inc. 1958. Manufactures include transportation equipment, electrical and plastic products, clothing, textiles, machinery, and furniture. There is poultry processing. , named Maurice ``Corky'' Newman to the newly created positions of chairman and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. effective Oct. 15. Newman had been president and chief executive of the California Mart since May 1994. He also was at one time the president of marketing and licensing at Van Nuys-based Cherokee. The move to Sirena is a coming home of sorts for the 63-year-old executive, who started his swimwear industry career at the firm in 1965 as a vice president. He and Douglas Arbetman, president and 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. of Sirena, are old colleagues. ?13Daily News COHR COHR Congolese Observatory of Human Rights SIGNS DEAL; STOCK SOARS SOARS Significant Opportunities in Atmospheric Research and Science SOARS Significant Opportunities in Atmospheric Research & Science SOARS Significant Opportunities in Atmospheric and Related Sciences SOARS Shuttle Operation Automated Reporting System : Cohr Inc., a Chatsworth-based medical equipment servicing company, said Thursday it has signed six hospital equipment maintenance contracts worth a total of $7.9 million in annual revenue. The news pushed Cohr shares up $1.625 to $15.625. ?13Daily News INDENET SIGNS $14 MILLION DEAL: Encino-based IndeNet Inc. has been awarded a $14 million, multiyear software and services contract to install its Enterprise systems in all of Tribune Broadcasting's 18 television stations. IndeNet provides software and services to eight Tribune stations, and Tribune will install Enterprise systems in additional stations it buys. CAPTION(S): 2 Charts CHART: (1--color) BIZ FACTS Letting the sunshine in: Top shippers worldwide of photovoltaic cells A semiconductor diode that converts light into DC voltage. Also known as "solar cells," photovoltaic cells are used in a myriad of applications from simple light sensors to complete energy creation systems. See photovoltaic. (the semiconductors that turn sunlight into electricity). Knight-Ridder Tribune Graphics Network (2--color) DOW INDUSTRIALS |
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