BRIEFCASE.Byline: -- Staff and Wire Services 19 Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . online jobs gone Warner Bros. is eliminating 19 jobs in its online division and transferring another 40 employees as it refocuses its effort to distribute content to wireless and Web-based devices. The studio has closed Warner Bros. Online, which was a pioneer in creating original shows for the Internet. The purpose of the division changed over the years with the emergence of new technologies, which allow the studio to sell content for display on cell phones and other emerging technologies, the company said Thursday. Another 22 vacant jobs will be reallocated to other divisions, the company said. The studio eliminated between 250 and 300 jobs last November as part of a cost-cutting measure initiated by its parent, Time Warner Inc. Dow trades over record-high mark 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 -- 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. reached a milestone Thursday in Wall Street's nearly seven-year recovery from corporate upheaval, economic recession and terrorism, briefly trading above its record-high close of 11,722.98, set on Jan. 14, 2000. The index of 30 blue chip stocks Blue chip stocks Common stock of well-known companies with a history of growth and dividend payments. surpassed its record, rising to a high of 11,728.46 in early morning trading. Stocks closed only modestly higher amid a dearth of news that could motivate investors; still, it was the market's fourth straight advance. The broader Standard & Poor's 500 and Nasdaq composite indexes 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 are far off their all-time highs, although their records were reached around the same time. Economy weaker with 2.6% growth WASHINGTON -- Economic growth clocked in at a 2.6 percent pace in the spring, a weaker performance than previously estimated and a fresh sign the economy has shifted into a lower gear. The latest reading of the gross domestic product, released Thursday by the Commerce Department, was slower than the 2.9 percent figure estimated for the April-to-June quarter a month ago. Many economists were predicting that this estimate would hold and thus there would be no revision to the overall GDP GDP (guanosine diphosphate): see guanine. figure. Gross domestic product measures the value of all goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. produced within the United States and is considered the best barometer of the country's economic standing. MS Zune player to sell for $249 SEATTLE -- Microsoft Corp. has vowed to put considerable money and effort behind its bid to dethrone de·throne tr.v. de·throned, de·thron·ing, de·thrones 1. To remove from the throne; depose. 2. To remove from a prominent or powerful position. Apple Computer Inc.'s market-leading iPod, but it won't be using price as a weapon. Microsoft announced Thursday that it will charge $249.99 for its new Zune music player, about the same as Apple Computer Inc. charges for an iPod with the same storage capacity. Microsoft's portable music player See digital music player and Portable Media Center. and its companion online music service will debut on Nov. 14 in the United States, just ahead of the holiday gift-buying rush. The music service will let people buy songs individually for about 99 cents, the same amount Apple charges for songs from its popular iTunes Music Store. |
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