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. cruised to its fourth straight high and technology shares led a broad rally Tuesday after interest rates fell in the bond market on news that inflation has remained tame. The Dow rose 53.11 points to 6,762.29, slipping from an 80-point advance during the last half-hour. MEMO AIR BAG CONCERNS: Less forceful air bags might save the lives of dozens of children a year but could cost the lives of hundreds of adults, new government figures indicate.When almost all vehicles on the road have air bags sometime in the next century, air bags could kill 128 children a year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. National Highway Traffic Safety Administration The National Highway Traffic Safety Administration (NHTSA, often pronounced "nit-suh") is an agency of the Executive Branch of the U.S. Government, part of the Department of Transportation. . Analysts say less powerful air bags could prevent 83 of the 128 projected deaths if the regulatory agency regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. adopted a proposal crafted by automakers to make air bags less powerful. However, only about 39 of the children could be saved if an agency-designed proposal were adopted to ``depower'' air bags between 20 percent and 35 percent on average. GUESS? HEADS SOUTH: Guess? Inc. is moving much of its manufacturing south of the border following disputes over unionization and allegations of illegal labor practices, its chairman told The Wall Street Journal. By next month, the clothing company will sew 35 percent of its garments in Los Angeles, where it is based, down from 75 percent five months ago, said Guess Chairman and co-founder Maurice Marciano. In a Journal story published Tuesday, Marciano said the shift was made mainly to stay competitive, since the company can save $1.50 to $2 per garment by sending fabric to be sewn in Mexico, Peru and Chile. PINKERTON STRIKES A DEAL: Encino-based Pinkerton Inc. has bought New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of security firm Signacon Controls Inc. for an undisclosed price. Signacon, which estimates its 1996 revenues at $6.8 million, supplies, installs and services systems including closed-circuit television, access control, fire alarm, security and nurse call systems. It has 50 employees and has headquarters in Westchester County, north of 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. . KAISER GROWING: On the same day it announced record growth in membership last year, Kaiser Permanente's health plan and hospitals wing disclosed that it plans to consolidate its entire California operations. President 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. Richard Barnaby will assume leadership of the Kaiser Foundation Health Plan and Hospitals division in California, the health maintenance organization announced Tuesday. He will hold that position for 12 to 18 months, until a new division president is recruited. The newest changes are part of a reorganization process that has been going on for five years. Kaiser Permanente also announced it had record growth of 300,000 new Health Plan members in California during 1996. TV DEAL: Walt Disney Co. announced plans to make an investment in the HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy Ole and HBO Brasil premium services as part of an exclusive long-term pay TV licensing agreement.HBO Ole is currently a partnership of Home Box Office, Sony Pictures Entertainment, Ole Communications and Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . and distributes six channels in Latin America. HBO Brasil is currently a partnership of TVA TVA: see Tennessee Valley Authority. , Home Box Office, Sony Pictures Entertainment, Ole Communications and Warner Bros. and distributes four channels in Brazil. BIZ FACTS DEFENSE GIANTS Defense revenues for world's top defense companies, in billions, 1995. Lockheed Martin (U.S.) $19.4 Boeing/McDonnell Douglas (U.S.) $17.9 British Aerospace (U.K.) $6.5 Hughes Electronics (U.S.) $5.9 Northrup Grumman (U.S.) $5.7 Thomson (France) $4.7 SOURCE: The Economist; research by PAT CARR Knight-Ridder Tribune Graphics Network CAPTION(S): 2 Charts Chart: (1) DOW INDUSTRIALS (2) DEFENSE GIANTS (see text) |
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