BRIEFCASE TREMOR'S MERGER APPROVED BY STATE.Byline: - Staff and Wire Services BURBANK - Video-game software developer Tremor Entertainment, Inc., announced Monday that its merger with New Systems Inc. has been declared effective by the state and that it is now trading under its new symbol TROR TROR Treasury Report on Receivables (US Treasury Dept) . The company said it is seeking secondary financing to fund the creation of additional properties for Xbox and other platforms. Bond prices down in shorter session 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 - Bond prices fell Monday in an abbreviated, pre-holiday trading session that ended at 2 p.m. Eastern time. The bond market will be closed today in observance of the Christmas holiday. On Monday, the price of the benchmark 10-year Treasury note dropped 13/32 point, or $4.06 cents per $1,000 in face value. Its yield, which moves in the opposite direction, rose to 5.13 percent from 5.08 percent late Friday. The 30-year Treasury bond slipped 5/8 point to yield 5.49 percent, up from 5.45 percent Friday, 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. Moneyline Telerate. 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. ended unchanged at 10,035.34 after an abbreviated trading session that ended at 1 p.m. Eastern time. U.S. markets were scheduled to reopen Wednesday. The Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed dropped 1.35, or nearly 0.1 percent, to 1,944.48. In other bond trading, the benchmark 2-year note fell 1/16 point to yield 3.15 percent. Yields on one-month Treasury bills were 1.64 percent as the discount held steady at 1.63 percent. Yields on three-month Treasury bills were 1.71 percent as the discount rose 0.02 percentage point to 1.69 percent. Six- month yields were 1.80 percent, as the discount rose 0.01 percent to 1.77 percent. Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold. The federal funds rate Federal Funds Rate The interest rate at which a depository institution lends immediately available funds (balances at the Federal Reserve) to another depository institution overnight. , the interest on overnight loans between banks, fell to 1.69 percent from 1.81 percent late Friday. In the tax-exempt market, the Bond Buyer index of 40 actively traded municipal bonds was at 102 13/32 Monday, unchanged from Friday. The average yield to maturity remained steady at 5.39 percent. Coors will acquire Britain's Carling car·ling n. One of the short timbers running fore and aft that connect the transverse beams supporting the deck of a ship. [Middle English, from Old French calingue and from Old Norse GOLDEN, Colo. - Adolph Coors Adolph Herman Joseph Coors, Sr. (February 4, 1847 – June 5, 1929) was a brewer who started the Adolph Coors Company in Golden, Colorado in 1873. Early years Co. said Monday that it will acquire the British brewer Carling in a $1.75 billion deal that company officials said would help America's No. 3 brewer gain ground overseas. As packaged-goods businesses around the world continue a rapid trend of consolidation, Coors realized that the bulk of its business was based on products from Colorado and it needed to diversify, Rod Klugman, senior vice president for development, said in an interview. Interbrew SA, the Belgian brewer of Stella Artois This article is about Stella Artois lager. For the tennis competition that the company sponsors, see Queen's Club Championships. Stella Artois (IPA pronunciation: [ˈstɛ. , Labatt's and Rolling Rock Rolling Rock is a brand of pale lager beer. Although founded as a local beer in Western Pennsylvania, it was marketed aggressively and eventually became a national product. The brand was sold to Anheuser-Busch of St. , agreed to sell Carling to Coors as part of its own expansion. British financial authorities demanded the sale before they will approve Interbrew's $3.3 billion acquisition of Bass Brewers. Ruling on Clarinex is mixed success NEW YORK - The Food and Drug Administration gave Schering-Plough Corp. an early Christmas present last week when it finally approved its second-generation allergy medication Clarinex after a year. But whether it is a gift that keeps on giving remains a matter of debate. Clarinex is the successor drug to Claritin, Schering's top-selling drug. Claritin sales reached $3 billion last year, nearly one-third of Schering's revenues of $9.18 billion. However, 18 generic drug generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. companies are challenging Claritin's patents in a court case that is expected to begin early next year in federal court in Newark, N.J. Most analysts expect Claritin to lose market exclusivity next December when its basic patent expires. That presents a major problem for Schering-Plough because analysts say Clarinex is only marginally better than its predecessor, so doctors are more likely to prescribe generic Claritin for patients because the cost will be at least 50 percent less. |
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