Originally created 12/23/99

Business briefs

Rising stocks take Nasdaq to new high

NEW YORK -- Stocks moved higher Wednesday, sending the Nasdaq composite index to its 12th new closing high this month.

The Dow Jones industrial average was up 3.06 to 11,203.60, while the Nasdaq, which rose 127.28 for its biggest one-day point gain ever, added 12.11 to close at 3,923.26.

Donation grows after complaint

ATLANTA -- General Mills Inc. has agreed to donate an additional $63,000 for cancer research to resolve complaints by Georgia officials that its yogurt campaign was deceptive.

General Mills promised on certain Yoplait lids to donate 50 cents to breast cancer research for each lid returned.

However, Georgia Secretary of State Cathy Cox complained that consumers had to open the yogurt before finding a statement saying the company's donation would be limited to $100,000. Customers returned 9.4 million lids, which with no limits would have meant a donation of $4.7 million. The company ended up donating $200,000.

Comcast to finish Jones purchase

PHILADELPHIA -- Comcast Corp., the nation's third-largest cable operator, agreed to buy the rest of Jones Intercable Inc. it doesn't already own for about $3 billion in stock.

Comcast, which already has a 40 percent stake in Jones Intercable, also will assume Jones Intercable's debt of about $1.6 billion.

Locally, the company already has changed its signs.

More sensitive film developed

Scientists say they have found a way to produce photographic film that is 10 times more sensitive to light -- an advance that could make true-to-life pictures of candlelight dinners possible without a flash or muted colors.

Agfa, the European film manufacturer that sponsored the study and holds the patent, would not comment on when the film might become available commercially.


Trending this week:


© 2018. All Rights Reserved.    | Contact Us