BUSINESS NOTES.T-BILL RATES MIXED: Interest rates on short-term Treasury securities were mixed in Tuesday's auction. The Treasury Department sold $11.1 billion in three-month bills at an average discount rate of 5.07 percent, down from 5.12 percent last week. An additional $12.9 billion was sold in six-month bills at an average rate of 5.19 percent, up from 5.14 percent.
?13Associated Press Associated Press: see news agency.
Associated Press (AP)
Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
INFANT SWINGS RECALLED: The deaths of three infants prompted a recall Tuesday of 125,000 infant swings sold under the brand name Lil' Napper.
The Consumer Product Safety Commission and Century Products Co. said three babies have died and one was nearly strangled stran·gle
v. stran·gled, stran·gling, stran·gles
a. To kill by squeezing the throat so as to choke or suffocate; throttle.
b. after their necks got tangled in the swing's harness straps.
Century, based in Macedonia, Ohio
Macedonia is a city in Summit County, Ohio, United States. The population was 9,224 at the 2000 census. Macedonia is part of Greater Cleveland. , said it will provide free repair kits to families that own Lil' Napper models 12-344, 12-345, 12-347, 12-475 and 12-476. Repair kits can be obtained by calling Century at (800) 231-1448 or by writing Century Products Co., 9600 Valley View Road, Macedonia, OH 44056.
MICROCHIP SOUPS UP SMALL COMPUTERS: In a development that could soup up palmtop palmtop or hand-held personal computer, lightweight, small, battery-powered, general-purpose programmable computer. It typically has a miniaturized full-function, typewriterlike keyboard for input and a small, full color, liquid-crystal display computers and mobile phones, Digital Equipment Corp. unveiled a microchip that combines desktop speed with low energy use.
Several analysts praised the new microprocessor Tuesday, saying it has the potential to become a popular chip for a variety of hand-held computers.
RAND MCNALLY Rand McNally & Company is the preeminent American publisher of maps, atlases, and globes for travel, reference, commercial, and educational uses. It also provides online consumer street maps and directions, as well as commercial transportation routing software and mileage data. SELLS STAKE: Rand McNally & Co., the world's largest commercial map maker, said it has agreed to sell a controlling stake to AEA AEA Atomic Energy Authority
AEA n abbr (BRIT) (= Atomic Energy Authority) → consejo de energía nuclear;
(BRIT) (SCOL) (= Advanced Extension Award) → Investors Inc. for an undisclosed price.
Under the agreement announced Tuesday, current shareholders will retain a minority interest in Rand McNally.
KING WORLD SUFFERS ON OPRAH RUMOR: The stock price of King World Productions Inc. slipped 2 percent on rumors that talk show queen Oprah Winfrey “Oprah” redirects here. For the show, see The Oprah Winfrey Show.
Oprah Gail Winfrey (born January 29, 1954) is the American multiple-Emmy Award winning host of The Oprah Winfrey Show, the highest-rated talk show in television history. would not renew her contract with the company for the 1998-1999 season.
King World, which distributes Winfrey's top-rated show, and her company, Chicago-based Harpo Productions, denied rumors Tuesday that this season would be the last for the program that airs in 119 countries.