BIZWATCH : MARKETS.MARKET LOGIC: Buckling buckling Mode of failure under compression of a structural component that is thin (see shell structure) or much longer than wide (e.g., post, column, leg bone). Leonhard Euler first worked out in 1757 the theory of why such members buckle. under the second straight day of ferocious selling, the stock market averted a free-fall as bargain-basement prices spurred a buying spree that left most indexes almost unchanged. 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. rose 9.25 to 5,358.76, erasing an early afternoon deficit of 167.20 points in what shaped up as the busiest day in Wall Street history. MEMO BUSINESS BREAK: Gov. Pete Wilson For others named Pete Wilson, see . Peter Barton Wilson (born August 23, 1933) is an American Republican politician from California. Wilson served as the thirty-sixth Governor of California (1991–1999), the culmination of more than three decades in the public arena that signed into law a 5 percent corporate tax cut, saying it would help businesses create jobs and compete in an increasingly global economy. The cut, contained in a companion bill to California's new $63 billion budget, will reduce the state's bank and corporation tax rate from 9.3 percent to 8.84 percent as of Jan. 1. It is expected to save California companies nearly $300 million a year. ROCKWELL EARNINGS: Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. Corp. reported a 13 percent rise in fiscal third-quarter earnings, citing growth in its semiconductor and automation and aerospace businesses. The electronics company, perhaps best known as the former maker of space shuttles The term Space Shuttles refers to partly or fully reusable launch vehicles for regularly placing payloads into low earth orbit. See:
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , a year earlier. Sales rose 6 percent to $3.5 billion. The results excluded earnings from Rockwell's Graphics Systems unit, which the company plans to sell to Stonington Partners Inc. for about $600 million. Including the unit, the company would have earned $229 million, or $1.04 per share, a 20 percent increase over the third quarter of 1995. BIGGER PROFITS: The largest companies on the planet fattened their profits by nearly 15 percent in 1995 and did it with roughly the same number of workers they had in 1994, Fortune magazine reports. The twice-monthly business glossy also reports in its annual Global 500 ranking that Japan's dominance among the top 10 faltered somewhat. Although Mitsubishi, Mitsui and Itochu remain the three biggest, General Motors Corp. bumped Sumitomo for fourth place. The Fortune ranking, which combines the biggest industrial and service companies in the world, appears in Fortune's Aug. 5 issue. IN A SINGLE BOUND: What's able to leap two continents in a single bound? United Airlines' new nonstop HP's brand name for its fault-tolerant servers, which range in size from four CPUs to 4,000 CPUs. The NonStop line was created by Tandem Computers, which was acquired by Compaq, which later became part of HP. service between Chicago and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. - the 8,280-mile trip is the longest nonstop commercial route in aviation history. It's a 15 hour, 55 minute flight, but you get to see three movies and eat three times. The flight carries four pilots and 18 flight attendants, and even has bunk bunk, bunker large storage bin. bunk forage forage, usually ensilage stored in a large storage bunk and made available to cattle or other livestock along a face of the storage. areas for the crew to nap during their breaks. No such luxury for the passengers, who must endure the fanny-numbing, non-smoking flight in their seats. Midweek fares are $7,200 round trip for first class, $4,176 in business and $1,548 in economy. CAPTION(S): 2 Charts Chart: (1) DOW INDUSTRIALS (2) UNCLE SAM'S BALANCE |
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