BIZWATCH : MARKETS.Smaller-company stocks rose to record highs again Wednesday, but blue-chip shares edged lower as investors secured some of Tuesday's big gains. 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. initially added 35 points to Tuesday's 175-point rally, but quickly lost its momentum, ultimately falling 9.48 to 7,886.44. 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 REALTORS SAY MARKET SHOULD CLIMB: The California housing market, which soared to its highest level in nearly a decade in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. and prices this year, should continue to climb in 1998, replicating the growth in the state's economy, predicted a trade group forecast released Wednesday. The California Association of Realtors Housing Market Forecast said that sales should increase 5 percent in 1998, following a projected 6.5 percent rise this year. The state's median home price is expected to go up 4 percent during 1998 to $190,280, surpassing the 3 percent estimated increase in the median price for 1997, the forecast said. INCOMNET DISCLOSES INVESTIGATION: Shares of Woodland Hills-based Incomnet fell 12 percent, losing 50 cents to $3.375, on Wednesday after a telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. specialist disclosed that the California Public Utilities Commission The California Public Utilities Commission (CPUC; also often commonly referred to as simply the PUC) [1] is a state Public Utilities Commission which regulates privately-owned utilities in the state of California, including electric power, has launched an investigation over whether its National Telephone & Communications switched customers' long-distance phone service within state guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . The company said it could not estimate the extent of potential sanctions Sanctions is the plural of sanction. Depending on context, a sanction can be either a punishment or a permission. The word is a contronym. Sanctions involving countries: FLORFAX JOINS IMALL: Florafax International will become a sponsor of Studio City-based Imall's Web site and seminars as well as Imall's primary distributor of floral flo·ral adj. Of, relating to, or suggestive of a flower: a fabric with a floral pattern. flo products, the companies announced Wednesday. Imall will receive an initial sponsorship fee, monthly maintenance fees and a percentage of gross revenues generated by the sale of flowers and other Florafax products through the Imall site, which has more than 1,600 merchants and more than 16 million hits per month. Trio-Tech International San Fernando-based semiconductor test equipment supplier Fiscal Year June 1997 1996 Sales $21.55 million $23.19 million Net Income$1.02 million $806,000 Net Per Share 77 cents 63 cents Revenue decline due to change in accounting method for distribution CAPTION(S): 2 Charts Chart: (1--color) DOW INDUSTRIALS (2--color) BIZ FACTS Hourly wages Source: Bureau Labor Statistics; research by PAT CARR Knight-Ridder Tribune Graphics Network |
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