BIZWATCH : MARKETS.MARKET LOGIC: Stocks rallied as an anxiously awaited economic report failed to sound as loud an inflation alarm as feared, helping improve the interest rate outlook. 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 52.90 to 5,659.86, its biggest point gain since Aug. 1. MEMO PINKERTON: Security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the provider Pinkerton's Inc. said it agreed to buy ProNet Image & Audio Inc., a North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. electronic systems company, for an undisclosed amount. Its Encino-based Pinkerton's 10th acquisition this year. Late last month Pinkerton's acquired A&R Security Services Inc.'s Houston operations and entered into a joint venture with Miami security consultant Incident Management Group to provide investigative services. FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. APPROVAL: Biopool International Inc. has received U.S. Food and Drug Administration approval to market a clinical test system designed to assess risk for developing blood clots Blood Clots Definition A blood clot is a thickened mass in the blood formed by tiny substances called platelets. Clots form to stop bleeding, such as at the site of cut. . The Ventura company's Spectrolyse Antithrombin-III Assay Kit is the company's seventh product to receive FDA approval this year and expands its line of in-vitro products dedicated to assessing and diagnosing the risks of clotting and bleeding disorders. TIME WARNER-TURNER MERGER: Time Warner Inc. expects the Federal Trade Commission to formally approve the company's $7.5 billion acquisition of Turner Broadcasting System Turner Broadcasting System, Inc. (often abbreviated TBS Networks or TBS, inc.) is the company managing the collection of cable networks and properties started by Robert Edward "Ted" Turner from the mid-1970s to the late-1990s. Inc. as early as next week, according to company officials. The action will clear the way for shareholders to vote on the transaction Oct. 10. If shareholders approve it, the companies expect to complete the acquisition the same day. Last month, FTC FTC See Federal Trade Commission (FTC). staff members signed a consent order approving the transaction. FOR SALE: American Home Products Corp. has taken another step toward devoting itself to health and agriculture products by announcing plans to sell Chef Boyardee, Jiffy Pop and other food lines for $1.3 billion. The Madison, N.J., firm sold the divisions to a company formed by Hicks, Muse, Tate & Furst Inc., a Dallas-based investment firm, and its food industry management affiliate C. Dean Metropoulos & Co. They already own the Campfire Marshmallow marshmallow /marsh·mal·low/ (mahrsh´mel?o) (-mal?o) a perennial Eurasian herb, Althaea officinalis, and Ghirardelli Chocolate brands. MISCELLANEOUS: Southern California businessman Dairl Johnson has purchased the 60-unit Relax The Back Franchising Co. of Austin, Texas. The stores, which carry products to prevent and alleviate back problems, will have its headquarters in Los Angeles and will be renamed Relax The Back Corp. Terms of the purchase were not announced. . . . Sedgwick James of California has moved its Los Angeles-based risk management division to consolidated offices in Orange County. CAPTION(S): 2 Charts Chart: (1) GENDER GAPS Unemployment rates for men and wo men in selected countries, 1995 (2) Dow Industrials |
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