BIZWATCH : MARKETS.MARKET LOGIC: Blue chip stocks Blue chip stocks Common stock of well-known companies with a history of growth and dividend payments. ended a volatile session Friday with modest gains on the second-busiest day ever for the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. .Volume was 654.34 million shares, second only to the record 682.98 million shares that traded July 16. MEMO STRAWBERRY CROP:Ralphs Grocery Co. threw its support behind a United Farm Workers The United Farm Workers of America (UFW) is a labor union that evolved from unions founded in 1962 by César Chávez, Philip Vera Cruz, Dolores Huerta, and Larry Itliong. This union changed from a workers' rights organization that helped workers get unemployment insurance to that of drive to improve working conditions and benefits for more than 20,000 field workers who harvest the California strawberry crop. Breaking with the supermarket industry's history of tension with the UFW UFW United Farm Workers (union) UFW United Factory Warehouse , Ralphs called on growers to provide such basic comforts as toilets and clean drinking water, and endorsed the UFW's demand for protection for the workers from sexual harassment. EDUCATIONAL TV: Walt Disney Co. is planning to start a cable network focused on educational shows for children and tentatively called ABZ ABZ Asian Boyz (street gang in Long Beach, California) ABZ Aberdeen, Scotland, United Kingdom - Dyce (Airport Code) ABZ Al, Bill, and Zorn Manufacturing, Inc. in challenge to Viacom Inc.'s Nickelodeon network, the Wall Street Journal reported, citing unidentified sources. The Burbank-based entertainment giant had no comment on the report, which said the launch date is expected to be at least a year away. Plans are reportedly being shepherded by Disney/ABC Cable Networks President Geraldine Laybourne, who joined Disney a year ago after building Nickelodeon into a cable powerhouse. RELOCATION:Kirin Brewery of America has moved its U.S. headquarters from New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. to Santa Monica to be closer to its new San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. production facility. The Japanese company said the Anheuser-Busch plant in Van Nuys next month will begin brewing three Kirin specialty brands - Kirin Lager, Kirin Ichiban and Kirin Light. LINE OF CREDIT:Calabasas-based T-HQ Inc. has received an increase in its line of credit with Imperial Bank to $9 million from $7.5 million. The entertainment software producer said the funds, secured by domestic accounts receivable and inventories, will be utilized primarily for product purchases, as well as working capital requirements. INSURANCE SETTLEMENT: California and three other states want a federal judge to scrap Prudential Insurance Co. of America's proposed settlement with millions of policyholders it cheated, arguing that the deal is structured to favor the insurer. California joined Florida, Texas and Massachusetts in opposing the plan before U.S. District Judge Alfred Wolin. The states' opposition does not bar their residents from participating in the settlement, which could bring at least $410 million - and perhaps more than $1 billion - to 10.7 million people who bought policies from 1982-95. Some 750,000 policyholders live in California. RAIL DEAL:Conrail Inc. rejected Norfolk Southern Corp.'s sweetened sweet·en v. sweet·ened, sweet·en·ing, sweet·ens v.tr. 1. To make sweet or sweeter by adding sugar, honey, saccharin, or another sweet substance. 2. To make more pleasant or agreeable. $10.5 billion offer to buy the railroad company, which would bust up its proposed merger with CSX CSX Chessie Seaboard Multiplier (railroad transportation company) CSX Cayman Islands Stock Exchange CSX Changsha, China (Airport Code) CSX Cardiac-Specific Homeobox CSX Seaboard Coastline Railroad Corp. Conrail's board reaffirmed its commitment to CSX's $9.3 billion cash-and-stock offer, saying the bid ``addresses the interests of all of Conrail's constituencies.'' CAPTION(S): 2 Charts Chart: (1) Dow Industrials (2) CZECHS AT WORK The Czech Republic has one of the strongest job markets in Europe. Unemployment rates: Knight-Ridder Tribune Graphics Network |
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