Will they call it Moscow?
NEW YORK (AP) -- J.R., Sue Ellen and Cliff Barnes have long
since faded from U.S. TV screens, but they're about to become stars
in Russia. Dallas is going to be shown nightly on Russian TV
starting in the fall. Advertising executives expect the show to be a
big hit - - only five episodes have ever been shown in Russia, and
they were very popular when they aired in 1991. The series will be
shown on a private broadcasting company called CTC.
The facts on job growth
NEW YORK (Bloomberg) -- Companies with the best shareholder
returns also have the fastest job growth, a study by the Conference
Board found. By the same token, companies in lagging industries led
the nation in job cuts, the study of Fortune 500 companies between
1991 and 1995 found.
Among industries with solid job gains in the period were banks,
engineering and food and drug stores. Employment declines were found
in aerospace, health care and petroleum industries. "Shrinking
companies are generally found in shrinking industries facing
deregulation, severe global competition and structural change," said
Gail Fosler, chief economist of the Conference Board, in a statement.
Fosler said revenue growth was clearly linked to job growth, with
the top 25 companies in revenue growth also among the top 50
companies in terms of employment growth. The board didn't disclose a
list of the top and worst performing companies in terms of job growth
and shareholder returns. The Conference Board said that three
quarters of all massive job cuts occur for reasons other than
Price index drops
WASHINGTON -- Wholesale inflation retreated a bit in May as energy
prices declined after two months of troubling gains. The good
inflation news cheered financial markets but private economists
warned of a possible interest rate increase by the Federal Reserve
The Labor Department reported Tuesday that its producer price
index declined 0.1 percent last month, a better-than-expected showing
that triggered a rally in both stock and bond prices. The 30-year
bond had climbed to 7.12 percent on Monday, the highest level in more
than a year, as investors feared a big gain in jobs in May and other
signs of economic rebound would force the Fed to raise interest
Many private analysts said they were still expecting a rate hike
at the Fed's next meeting on July 2-3, noting the central bank's past
pre-emptive efforts to ward off inflation. "You can't do much better
than we have been doing on the (producer price index), but that
doesn't stop the Fed from worrying about inflation. They are focused
on wages, and wages are starting to creep up," said Cynthia Latta, an
economist at DRI-McGraw Hill Inc.
The government was scheduled to report the closely watched
consumer price figure today. In advance, economists were predicting
moderation at the retail level as well, reflecting lower energy
prices. Many forecast a 0.3 percent rise in consumer prices in May,
down from a 0.4 percent April advance.
Not all analysts agreed that the Fed will begin raising interest
rates in July, which would be the first increase since February 1995.
Bruce Steinberg, economist at Merrill Lynch in New York, said the
benign producer price report "supports our minority view that the Fed
will not tighten policy" next month.
Wholesale prices so far this year have been rising at an annual
rate of 2.2 percent, little changed from a 2.1 percent increase for
the first five months of 1995.
Showing your capabilities
NEW YORK (AP) -- Having a good resume is important, but what
you're capable of doing may be more important than where you've
worked, says Exec-U-Net, an executive employment firm based in
Norwalk, Conn. Exec-U-Net says recruiters and companies are looking
for people with skills like leadership, change management and team-
building as much as they're looking for workers with long industry