BUSINESS NOTES MINIMED'S DEAL WILL HELP DIABETICS.NORTHRIDGE - MiniMed Inc. announced Thursday it has made an investment in DMCare Inc. and has entered into a strategic development agreement with the privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Colorado Springs, Colo. DMCare offers on-demand intervention and educational Web-based service to help diabetics and their doctors with blood glucose blood glucose Diabetology The principal sugar produced by the body from food–especially carbohydrates, but also from proteins and fats; glucose is the body's major source of energy, is transported to cells via the circulation and used by cells in the presence control. Under the terms of the agreement, DMCare will develop an automated dosing support algorithm that can be accessed and used exclusively by MiniMed insulin pump insulin pump n. A portable device for people with diabetes that injects insulin at programmed intervals in order to regulate blood sugar levels. patients and their prescribing physicians. - Daily News Analysts dismiss economic uptick 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 - Analysts on Thursday largely dismissed a rise in a key gauge of U.S. economic activity last month as a temporary bounce in a troubled economy. The New York-based Conference Board said Thursday its Index of Leading Economic Indicators index of leading economic indicators An index that is compiled by the Conference Board, a private-sector consulting firm. The index is designed to indicate the future direction of economic activity. rose 0.8 percent to 109.4 in January, suggesting the economy is steering clear of a recession. But economists said the uptick is likely just a rebound in business activity after a slowdown in November and December prompted in part by bitterly cold weather and two interest rate reductions. - Associated Press Venture capital slows by a third SAN FRANCISCO - Investments in venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: plunged 33 percent during last year's final quarter in a retreat spurred by the accelerating pace of Internet business failures. Venture capitalists raised $18.4 billion nationwide in the fourth quarter, down from $27.4 billion in the third quarter, according to a report released Thursday by the industry's trade association and Venture Economics, a research firm. On a year-to-year comparison, the venture capital slowdown was even more dramatic. In the fourth quarter of 1999, investors turned over $29.6 billion in venture capital funds. The deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed. early deceleration in fund raising coincided with a similar slowdown in the rate of investments in startups. - Associated Press |
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