IN BRIEF.VALLEY INDEX FALLS: The Daily News/Bloomberg Index fell 0.57 to 106.89, with the biggest losses posted by Countrywide Credit Industries Inc. and On Assignment Inc., both of Calabasas. Countrywide fell $4 to $34.125. On Assignment fell $3 to $25. - Bloomberg News NEW DOW MEMBERS: The Dow Jones transportation average The Dow Jones Transportation Average (also called the "Dow Jones Transports;" DJTA) is the oldest U.S. stock market index. Components Today, the index consists of the following 20 companies (weighted to adjust for stock splits and other factors): 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. are changing. Effective today, Northwest Airlines and J.B. Hunt Transport Services Inc. will join the 20-stock transportation average, replacing Alaska Air Group Inc. and XTRA XTRA Extra XTRA X-band Thin Radar Aperture (US DoD) XTRA Xml Transaction Architecture Corp. Citigroup, the company formed by the merger of Citicorp and Travelers Group Inc., will replace Travelers on the 30-stock Dow Jones industrial average beginning Thursday. - Associated Press GIANT.COM: German media conglomerate Bertelsmann AG will buy a 50 percent stake in Barnes & Noble's online venture, barnesandnoble.com, creating a giant book-selling powerhouse on the Internet to better compete with industry leader Amazon.com. Bertelsmann will pay $200 million for its stake in barnesandnoble.com, the second-largest book retailer on the Internet but an operation that's struggling to be profitable. Both companies also will contribute $100 million to support the joint venture, the companies said in a joint announcement Tuesday. - Associated Press DIGITAL AIR: The road to digital TV has been rocky, but 42 stations will begin broadcasting in the new razor-sharp format in November. The National Association of Broadcasters announcement Tuesday tried to deflect blame away from the industry over what has been a bumpy transition from analog to high-quality digital technology. The 42 stations - 16 more than originally scheduled to be on the air in November - reflect an 11-year effort between government and industry to get digital TV off the ground. Four Los Angeles TV stations will broadcast digital: KABC KABC Kaufman Assessment Battery for Children (Channel 7), KCBS KCBS Kansas City Barbecue Society KCBS Korea Christian Book Service (now called KCB; Seoul, Korea) KCBS Kerala Catholic Bible Society (Kerala, India) (Channel 2), KNBC KNBC Kings Norton Bowling Club (Channel 4) and KTLA KTLA KCBS TV in Los Angeles (Channel 5). - Associated Press |
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