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BUSINESS
November 7, 1995 | From Reuters
Microsoft Corp. and Compaq Computer Corp. both made investments Monday in networking companies, as the personal computer industry realizes the stand-alone personal computer is a thing of the past. Compaq, the nation's largest PC-maker, is making a major push in developing servers to connect PCs on a network. It said it agreed to buy NetWorth Inc., a maker of network switches and hubs, for $372 million. Microsoft, the world's largest software company, announced a pact to buy Netwise Inc.
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BUSINESS
November 7, 1995 | From Reuters
Microsoft Corp. and Compaq Computer Corp. both made investments Monday in networking companies, as the personal computer industry realizes the stand-alone personal computer is a thing of the past. Compaq, the nation's largest PC-maker, is making a major push in developing servers to connect PCs on a network. It said it agreed to buy NetWorth Inc., a maker of network switches and hubs, for $372 million. Microsoft, the world's largest software company, announced a pact to buy Netwise Inc.
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BUSINESS
November 7, 1995 | From Times Wire Services
Blue chips and broad stock market indexes lost ground Monday, although transportation issues soared, pushing the Dow Jones transportation index to a new high. Bond traders said a standstill in Washington over the federal debt ceiling made the Treasury market nervous, but the 30-year government bond yield rose just slightly, 0.02 percentage point to 6.29%.
BUSINESS
January 25, 1996 | From Times Wire Services
United Technologies Corp. said Wednesday that its fourth-quarter earnings rose 13%, beating analysts' estimates, as profit improved at its big Pratt & Whitney aircraft-engine unit. Net income rose to $187 million, or $1.42 a share, from $165 million, or $1.26, a year ago. The aerospace and industrial products company said gains were especially strong at its Otis, Carrier and Pratt & Whitney units.
BUSINESS
December 8, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
For a company that makes devices to link computer equipment, Micom Communications Corp. has seemed at a loss to make a solid connection with Wall Street. Micom is a Simi Valley-based unit of MB Communications Inc., a Lawrence, Pa.-headquartered concern whose other subsidiary is Black Box Corp., a leading marketer of computer gear by mail. For the third time in four years, MB is attempting to sell securities to the public to reduce its onerous debt burden.
BUSINESS
April 15, 1993 | A roundup of Wednesday's market activity, compiled from staff and wire service reports: and
A handful of winners among blue chip stocks propelled the Dow Jones industrial average higher, but broader market measures lagged on downbeat earnings expectations. The Dow rose 11.61 points to 3,455.64. * Treasury prices rose after the Federal Reserve dipped into the market and bought about $4 billion of long-term Treasury bonds. It bought the securities from banks to lift banking reserves. Stocks The Dow industrials have gained more than 102 points since the start of a rally last Wednesday.
BUSINESS
November 7, 1995 | PATRICK LEE, TIMES STAFF WRITER
International Paper Co., Johnson & Johnson, Central & South West Corp. and several other companies announced takeover agreements Monday, contributing to what appeared to be a record day for corporate marriages. The deals, along with First Interstate Bancorp's announcement of its proposed acquisition by First Bank System Inc., totaled more than $19 billion in value--clinching a record year for company mergers.
BUSINESS
April 15, 1993 | A roundup of Wednesday's market activity, compiled from staff and wire service reports: and
Stocks closed mixed, as another decline in many consumer issues--especially retailers--was offset by a rally in industrial names. The Dow Jones industrials rose 11.61 points to 3,455.64. * Treasury bond yields declined after the Federal Reserve dipped into the market and bought about $4 billion of long-term bonds to boost bank reserves. * Precious metals surged on fears about South African unrest.
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