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Show fX 1 Financial Markets C6-C- 8 Mutual Funds C7-C- 8 The Daily Herald October2. 19 DOWf Industrials) NYSE J LY..A JL. Percent change ; A, Previous close 10074 0.7 1 Brussels Paris 212351 1779 16 NASDAQ 06 BOO 0.9 Frankfurt Sydney A. 2655 73 0.8 1,651 Declines: New highs 822 Unchanged: Total issues: 3,244 Composite volume: Tokyo Hong Kong A. A 0.3 KESRI 0.2 11921-2- 196 771 New lows 16 531,406j590 1995 avg. comp. vol.: 422.909,640 S 21462 97 ; London 2285 emu 1.3 NYSE Mar? Advances: TORONTO Canadian auto workers shut down General Motors plants in Ontario and Quebec early today after failing to w in demands for better job security. "We're on strike, our plants are down," said Buzz Hargrove, president of the Canadian Auto Workers. He termed an th hour GM offer on wages and benefits "an insult." About 15.000 workers at GM plants in St. Therese, Quebec, and Oshawa, Ontario, walked off the jobs at midnight Wednesday. Work in St. Catharines. Ontario, will continue until Sunday. Plants in other Ontario communities Windsor. London and Woodstock w ill shut dow n next Wednesday if no contract is reached. Negotiations have bogged down j Milan 57693 !;fl.f.'Bl S&PMidCap By DAVID CRARY Associated Press Writer Performance of key stock markets Amsterdam AHEX SALT LAKE CITY -- r Q Lube Inc., a subsidiary of Quaker State Corp. and Discount Auto Parts Inc., announced this week that the two companies have signed a letter e of intent to enter into a joint agreement. According to Jeffrey O'Neill, Q Lube president and CEO, and Peter J. Fontaine, president and CEO of Discount Auto Parts, the agreement will call for Q Lube and Discount Auto Parts to jointly develop locations that offer both the retail sale of automotive parts as well as fast lube and automotive maintenance service. In addition to fast lube services, the new Q Lube centers will also offer engine diagnostic and a variety of automotive maintenance services such as cooling system and air conditioning service. ven-tur- PROVO LarsonDavis Inc. announced the signing of an exclusive contract with the marketing subsidiary of transformer insulation giant Weidmann International. Under the terms of the contract, LarsonDavis will provide diagnostic monitoring technologies like Crosscheck, vibration monitoring, thermography and chemical analysis called for by LPRI and other industry experts, while Weidmann will provide rapid entrance into the industry through its established client-basLarsonDavis. Inc.,' headquartered in Provo. develops, manufactures and markets leading edge, measuring instrumentation equipment und software for chemical, gas. acoustic and vibration evaluation. e. ultra-sensiti- SALT LAKE CITY SOS Staffing Services Jnc. (Nasdaq: SOSS) announced Tuesday it has signed a contract toacquire A USA Temps (A USA) of Prescott. Arizona. A USA provides clerical and industrial temporary staffing services in the Prescott market. The acquisition will add approximately 3992 2 i 0.6 A. Jack day. "li lias always, been Foodmak-er'- s intent to provide fair settlements to victims deserving com Thursday, October 3, 7996 over the issue of outsourcing, a practice of relying on lower-cos- t outside suppliers, many of them nonunion. GM Canada, a unit of General Motors Corp., is Canada's largest manufacturer. It earned a record profit last year of $1.02 billion. A strike at GM could be very damaging to the Canadian economy. In Ontario, the nation's industrial center, one in six jobs depends on the auto sector, and a long strike could force layoffs at hundreds of companies that sell parts to GM. GM plants in the United Slates also could be affected seeral use parts made in Canada. The union, which represents 26,000 GM workers, has a war chest of more than $37 million that, when combined with the union's line of credit, are enough to cover strike pay for 12 weeks. Union officials say they could WASHINGTON (AP) The number of claims for jobless benefits was unchanged last week at the highest level in nearly three months, a possible sign of slow ing job grow th and a decelerating economy. The Labor Department said today new applications for unemployment insurance totaled a seasonally adjusted 340.000, the same as the previous week. It w as the highest since they totaled 367,000 during the week ended July 3. Many analysts had expected little change. Marilyn Schaja. an economist at Donaldson. Lufkin & Jenrette Securities Corp., said a trend of about 340,000 weekly new claims new $1.3 million in annualized revenues to SOS. Terms of the transaction were not disclosed. SOS offers a full range of staffing services through its network of offices located in the states of Arizona. California, Colorado, Idaho, Oregon, Nevada, New Mexico, Utah, Texas and Wyoming. The A USA acquisition will increase the number of offices 1 to 74. raise funds for an additional month by mortgaging some property. Rival Chrysler Canada signed a deal with the union last month agreeing that any union job it contracts out will be replaced by an equivalent job. It also said it won t sell or close any plant for the life of the three-- y ear agreement. GM says it can't afford to match Chrysler's offer as the union has demanded. The company promised in a written proposal only that it won't contract out jobs without "discussion and review" with union leaders first. GM's top negotiator. Dean Munger. said it has been tough to make progress on outsourcing. "It's a very major issue for General Motors and also for the CAW." Munger said. "We have some very serious business concerns which need to addressed." GM says it must contract out GM more jobs to cheaper outside sup pliers to remain competitive with Japanese and the other Big Tht.e automakers in North America. ; Another dispute concerns Gy to sell two plants in Windsor and Oshawa, which together employ 3.5(X) people. GM's Oshawa plants make the Chevrolet Lumina and Monte Car lo, Buick Regal and Century, and e Chevrolet and CMC pickmakes the ups. St. Therese Chevrolet Camaro and Pontiac Firebird. GM a Licari. Chuck spokesman, said he does not believe the strike in Canada will affect negotiations in the United States between GM and the United Auto Workers. The UAW has completed its contract talks with Ford Motor Co and Chry sler Corp. plans full-siz- Ziff-Dav- By JOHN D. McCLAIN Associated Press Writer ConstrucWASHINGTON tion spending rebounded 0.9 percent in August for the fourth increase in the last six months. The Commerce Department said Tuesday residential, nonresidential and government outlays totaled $562.1 billion at a seasonally adjusted annual rate after falling a revised 1.1 percent in July. The initial estimate for July was a 1.4 percent decline. It was the largest advance since a 1.4 percent gain in April. The increase w as in line w ith analysts' expectations and added weight to arguments the Federal is Labs-endors- Ziff-Davi- Ziff-Dav- is h, e. As part of the agreement. ZD Labs will also license KeyLabs' Lab Control Suite. The KeyLabs' Lab Control Suite is a commercially available suite of lab automation and control software tools that bring flexible management and resource control to any size computer lab. Key Labs w ill be providing ZD Labs with support and maintenance of the suite. SALT LAKE CITY ber. Many analysts expect the jobless rate to rise to 5.3 percent, from 5. percent in August. And. they sav, nonfarm payroll growth will total just 160.000, well below the 250.000 jobs created the prev ious month. k The moving average of new LOGAN Digitran Systems Inc., whose operating company is based in Logan, has filed for Chapter II protection in federal bankruptcy court. "Digitran will continue operations and continue to meet its corporate obligations," Bonnie Lower, corporate secretary for Digitran in Logan, said Tuesday. The action was taken to remove the parent company as a defendant n in a lawsuit that went to trial Monday in Salt Lake City, a spokesman said.' Digitran Inc., the Logan operating company, manufactures simulators used to train oil well workers and heavy crane operators. was filed MonThe Chapter day in Wilmington, Del., the slate where Digitran Systems Inc. originally incorporated. Lower emphasized the Chapter was filed by Digitran Systems Inc., its parent or holding company, and not by the Logan operating company. According to court records, Digitran Systems listed assets of $1.7 million but said it owed creditors $20.3 million. n lawsuit was The filed against Digitran and several of its top executives in August 1993 by Gregory McEwen of Minnesota, a shareholder. The lawsuit accuses Digitran executives of fraud and misrepresentation, alleging the company's 1992 sales of $6.6 million included $1.4 million in sales of simulators that had not been manufactured. Company executives remain defendants in the lawsuit, but Digitran. through its filing for Chapter II, was able to avoid the litigation. Under a Chapter II filing, a company is granted court protection from lawsuits while restructuring a plan to meet its debts. n The suit is not the only legal battle Digitran faces. class-actio- ar 1 1 voirs. (See HIGHLIGHTS, Page C8) 1 1 four-wee- weekly jobless claims rose by 5.750 to 334.500 last week, highest since 338,000 during the period ended July 27. Reserve may have to increase interest rates soon to slow the economy and avoid a surge in inflation. Residential outlays, including were remodeling projects, unchanged at a $244 billion rate after falling for three straight months as high mortgage rates topped 8 percent. Spending on single-famil- y homes inched up 0. percent for a second straight month. This category represents nearly 30 percent of total construction outlays. The single-famil- y market is parsince a ticularly interest-sensitiv- e I percentage point increase in pensation as a result of the outbreak." said Bruce Clark, an lawyer for the company. Foodmaker has settled more than 90 lawsuits related to the January 1993 outbreak (hat sickened several hundred people und killed three children from Washington state. mm States with the bincest decreases were North Carolina, 1.990; New York. 1.886; Illinois, 1,697; Tennessee. 1,075, and South Carolina, 891. Thirty-yea- fixed-rat- e r, Spending on hotels shot up 12.3 percent. The category that includes shopping centers was up 6.1 percent. mort- gages have averaged 8 percent or more this summer, compared to just 7 percent last January. Spending on multifamily projects such as apartments and condominiums, which are not as sensitive to interest-rat- e changes, rose 3.4 percent. This category plunged 14.4 percent in July. Nonresidential spending, about of the total, jumped 3 percent to a record $139.5 billion rate, up from $135.5 billion in July when it fell 1.6 percent. often-volati- Government outlays, held back recent months by budgetary cutbacks, fell 0.2 percent to an annualized $138.7 billion after falling 0.7 percent in July. It was the third straight decline alter remaining unchanged in May. It was the first time government spending has gone four months without an increase since in le mid-199- Although spending on sewer systems jumped 14 percent, spend-- ' ing on streets and highways fell ' 6.7 percent. one-four- th Settlements that have been disclosed range from $19,000 to $15.6 million. Foodmaker has not released the amounts of all its settlements. Since the outbreak, Jack in the Box has begun safeguards lo make class-actio- bacteria-fre- e. IC-OPt. n 4 nLjituitoiitgm i tEVEIIIIIG WEEKEND AIRTIME THROUGH THE END OF THE YEAR LOCAL - mm HlHIiSill 76 810 pii! NEC NEC) CELLULAR CELLULAR PHONE PHONE 135 minute talk time 36 hour standby 99 Number memory Alpha numeric isDiav One touch dialing Includes battery 135 minute talk time 36 hour standby One touch dialine 24 number memory memoes oancry charger & and charser Sku2568578 Sku2733528 M) MOTOROLA SONY PC550 CELLULAR 9.9oz. 75 minute talk time 10 hour standby Retractable antenna 27 number memory Battery and signal strength indicator Speed dial Includes battery and charger I year warranty Sku2023105 3 NBr SIH1S! Monday-Saturao- 0 mm, tvW v" m I 1 Lithiom Ion banery provides appro. 9022 minu'es ialk hour standby time and Easy to use shuttle menu system 2 line alpha-numerdisplay 99 number speed dial Includes Lithiom Ion battery n riwyvfqvrT AM Wfrohts $ervic$ AuffnnMd Amr Mk All! Mm Stnoi mmi am J tffb NOW OPEN UL-10:0- CLOSED ,a w ' : " i vy " s, s. ii J S i nr.TiniMS to serve youi -- stif 1693 W. 17505. 2301 S61E.66QGS. 1300 y 774-230- ftOB s. s. CM-RX1- 00 Sku2669919 jar nan " ' MINIATURIZED CELL PHONE FITS IN YOUR POCKET! rSl PHONE te 'H The Iarcest increases were in Puerto Rico. 8,638; Michigan, 1.310: Ohio. 754; Georgia. 708, and Oklahoma, 60S. mortgage rates would add more than $100 to many monthly payments. 1 1 class-actio- i less-volati- le analysts four-wee- k court protection FX pleted its seismic acquisition program in the Gladysze area of the Baltic Concession. The program was expanded to cover additional structural leads identified during acquisition, and now covers five structural leads (two more than originally planned) including the Gladysze structure. Also. FX Energy Tuesday signed an exploration agreement for gold and other associated minerals in a 288 square kilometer (71.160 acres) block in the Sudety region of southwestern Poland (the "Sudety Concession"). The agreement provides for a four-yeexploration term with the possibilextension. ity of a three-yea- r FX Energy has also moved its Rig 5 onto the drillsite location of in the Cobb Creek Federal Lincoln County, Nev., and began drilling .operations Tuesday. FX plans to drill into the structure, identify the uppermost formations, and evaluate the potential for reserdeeper hydrocarbon-bearin- g N prefer to track the average because it smooths out the spikes in the weekly reports. During the week of Sept. 21, 22 states and territories had increases in claims and 31 registered declines. The state data is reported a week later than national totals. Many Digitran Inc. files 2 for Chapter 11 Energy (Nasdaq: FXEN) has com- sure its food is would indicate "significant labor market moderation." The department will provide the latest broad v iew of the economy on Friday when it releases its employment report for Septem- Spending on construction bounced back last month PROVO KeyLabs Inc., the largest full- - service commercial network testing organization, Wednesday announced a strategic alliance with Labs (ZD Labs) in which KeyLabs will become the only ZD testing company to provide commercial benchmarking industry-stas' services using benchmarks. ndard The core benchmarks include NetBench, Server-BencWinBench, and Win-ston- the Box settles' lawsuit A woman who SAN DIEGO suffered kidney failure after eating a bad Jack in the Box hamburger reached a $7.? million settlement with the chain's parent company. Angela Noble, ,19, of Idaho, underwent a kidney transplant to save her life after eating a hamburger contaminate by the E. coli bacteria nearly fouryears ago. She settjed her lawsuit vyith San Diego-base- d Foodmaker Inc. on Wednes- v.t Jobless claims unchanged last week, sign of slow growth 3737 5 0.6 Briefly in I Zurich Local 12ifjhliohf ROY Iomega Corp. (Nasdaq: IOMG) Tuesday announced it has shipped more than 3 million Zip drives worldwide since the product began shipping in March of 1995. The company also announced it has shipped its 5 millionth personal storage solution, comprised of Zip, Ditto and Jaz drives. Iomega also granted a license to MCI of Japan to manufacture and sell Zip drives compatible with Iomega's award w inning design. 2 Wl! shut down plants, begin strike at CAW mm I S&P500 r--i ifflQ? 12)(IlHJUUuls)S) a a 10031 Business 08 0 261-630- PJL SUNDAY J ei f ' 40L13001 - 622 740H S. |