OCR Interpretation


Press-Republican. (Plattsburgh, N.Y.) 1966-current, November 21, 1995, Image 11

Image and text provided by Northern NY Library Network

Persistent link: http://www.nyshistoricnewspapers.org/lccn/sn88074101/1995-11-21/ed-1/seq-11/


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,:•.•...••.,•. . ';•.';•;•••••••>. ; • \ .',\'. V'' •• = '• ' •-'••••.•.•••.:••..•...•:''••• ( •*•••./-.•*\.••.-••;•.•• V • V .w •«.-.•; ;', .,-.,'• •.;. . ; , TUESDAY, NQVEMBER21J995 PAGE 11 PRESS-REPUBLICAN By RACHEL BECK AP Business Writer NEW YORK (AP) - The Dow Jones industrials tumbled in a late-day selloff Monday, unable to hold on to an early drive that sent the blue-chip index past the milestone 5,000 mark. Broader market indexes were also lower. The Dow average hit 5,000.43 at 10:03 a.m. and later surged to over 5,003 in midafternoon trading before turning downward to close at 4,983.09, a 6.86 point slide from Friday's record- breaking levels. \We had big run ups for the last three days, and now the market is trying to get back'to normal,\ said Arnold Owen, managing director of trading at SoundView Financial Corp. \The market was able to get to 5,000, but traders were a little more cautious as the day went on.\ . Declining issues led advancers by nearly 6 to 5 on the New York Stock Exchange, with volume totaling ,333.12 million shares as of 4 p.m., vs. 437.20 million on Friday. The NYSE's composite index dropped 1.20 to 318.92, the Standard & Poor's 500-stock in- dex was down 3.22 to 596.85 and the American Stock Exchange's market value index slipped 0.37 to 531.59. A selloff of technology stocks pulled down the Nasdaq com- posite index 15.56 to 1,029.47. The market's push toward 5,000 started early on, fueled by the partial budget accord reached late Sunday between President Clinton and Congress. The sides agreed to reopen the government and start negotia- tions for a balanced budget by 2002, but they also said talks would continue over taxes, Medicare, education and the en- vironment. In the market Meets a jnuch broadw appetite for stocks, Millions of Americamars irryest^irtAeflwrfotftfoUgh mu StoAas3^ho>fineckontixrtia) plans, a t^ofi^mehtfitan in wH* the i)la*ii Source: Employee Benefit Research Institute A P Stiff Phot6/Wike Dowd NEW RESTAURANT: Debbie and John Helmer recently opened Look What's Cooken op Smithfield Boulevard in Pittsburgh. The restaurant is open every day from 6 a.m. to 8 p.m. serv- ing breakfast, lunch and dinner. Breakfast is served all day and there are daily specials, a kids menu and several homemade desserts. Shown here are (from left) waitress Missy Monette, Deb- bie Helmer and manager Sarah Anderson. New alliance gives a major boost to 'data broadcasting' By EVAN RAMSTAD AP Business Writer NEW YORK (AP) - As Katie Couric welcomes Julia Child onto the \Today\ show, NBC will soon be able to broadcast her choco- late mousse recipe directly to your personal computer. That's one way broadcasters will expand information delivery to homes. The concept, called data broadcasting, got a boost recently with word that 13 companies, led by NBC and Intel Corp., were jointly working to provide it to consumers next summer. The alliance also includes per- sonal computer makers Gateway 2000 Inc. and Packard Bell Elec- tronics Inc., who both plan to in- clude the special chips required for TV reception in their pro- ducts. CNN, cable channels owned by Viacom Inc. and WGBH-TV in Boston as well as NBC plan to be the first broadcasters to combine their programs with extra infor- mation — all accessed on a per- sonal computer. Have you seen the new Mid-Length No-Wax Crosa^-vv, JC Country SldsTTom^- .Fisher & Alpina... ^ WQOP&hJ SKI Sfc< q SOtTTH- H.-SAT. IO-<b R.T7q For example, a newscast may be viewed in one portion of your ' computer screen just as it ap- pears on television, while on another part of the screen, maps and historical. background ap- pear. The maps can have \hot links\ that, when directed with the click of a mouse, may turn on the computer's modem and ac- cess information on the World Wide Web. Other participants in the alli- ance are America Online Inc., Asymetrix, Comcast Corp., En Technology Corp., Netscape Communications Corp. and QVC Inc. Though the companies are un- sure of demand for such services, the concept is a relatively inex- pensive way to dabble in \in- teractive TV.\ \We don't have to rip up streets (for cable and optical fiber) and we don't have to put in a special set-top box,\ said Ken Bronfin, an NBC vice president and general manager of the NBC Data Network. Their idea also provides a hint of the breadth of programming JGENCY INSURANCE JVEKVi AUT0 H0ME BUSINESS \Protection Is Our Profession\ . Call for a Quick Quote John Duprey Licensed Agent ^ g Cor. of Broad & South Catherine Sts. Pittsburgh'561-1000 that may evolve when TV signals convert entirely to the digital language of computers. But for now, broadcasters will only be able to use a small portion of the existing signal, which limits the amount of extra information that can be transmitted. Data broadcasting has been around for- more than a decade, most commonly used for closed Paid Political Advertisement captions. It relies on a part of the TV signal called the vertical blank- ing interval, or VBI, to carry data. The VBI is the black bar seen when a TV picture starts to roll vertically. It represents 21 of the 525 lines that comprise a TV screen today. Federal regulators allow 10 of the 21 lines to be used for extra Poid Polrticol Advertisement information. PBS sends financial and pro- gramming data for several com- panies through its VBI signals. And NBC's own CNBC cable business channel sends stock tables to special subscribers at the end of daily trading through the VBI. Macrovision Corp. puts data in the VBI to prevent pre-recorded videotapes from being duplicated illegally. RESIDENTS OF THE TOWN OF PLATTSBURGH I wish to extend a very special thank you for your continued confidence in me as your Town Justice. With warmest regards, •^Paid for by Gory Latourelle & Notice of Appreciation On behalf of the Mike Macey Benefit Jamboree, we would like to thank all who contributed and supported this event. A special thanks to Brownell's Bar, all of the Bands who played and to all the special people for their time & effort to bring this together. It means so much. Thank you The Macey Family k^ Thanksgiving Centerpiece with a Candle Bread Basket Centerpiece $ 18.99 \\ Remember we have Adirondack Chocolates DELIVERY AVAILABLE 643-2108 25 Pleasant St. Peru, NY. l©r your and When kids want to jump, tumble and kick through the snow, cold, wet feet can be misery. Fortunately, LaCrosse boots not only keep their feet warm, they also come in the cool colors and designs that kids really warm up to. Discover the comfort you deserve FL6X-A-B6D T5Pt^ _ v Come /« end fry /r/ . .1^. >& i S^ :Jk*** I^^Kk^ fr-' IA ^A-Beas COME IN FOR DEMO OR CALL FOR FREE A STBP AHEAD Open Mon.-Sat. 8:00 am-9:Q0 pm, Sun. 9:00 am-5:00pm

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