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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 based in Colorado Springs, Colo.

DMCare offers on-demand intervention and educational Web-based service to help diabetics and their doctors with blood glucose 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 patients and their prescribing physicians.

- Daily News

Analysts dismiss economic uptick

NEW YORK - 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 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 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 in fund raising coincided with a similar slowdown in the rate of investments in startups.

- Associated Press
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Feb 23, 2001
Words:295
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