Arizona Daily Star from Tucson, Arizona • Page 25

EE8T AVAILABLE COPY Editor: Jill Jorden Spitz Telephone 520-573-41771 Fax 573-4144 E-mail businessazstarnet.com Thursday January 31, 2002 SECTION ARIZONA DAILY STAR SERVING TUCSON SINCE 1877 NASDAQ INDEX STOCKS OF LOCAL INTEREST (quotes may reflect after-hours trading) MARKETS January 30, 2002 Name Name Div Last Chg DOW INDUSTRIALS 10,000 9,900 Div Last Chg News Notes DOW 30 500 2000 A 1,900 Intuit NA 39.41 0.14 Phelps Dodge 0.50 32.85 0.85 Pinnacle West 1 60 39.74 Raytheon 0.80 37.16 1.78 Texas Instr. 0.08 30.72 0.76 UniSource 0.40 18.24 0.04 Ventana Med. NA 21.60 Wells Fargo 1 04 46.11 0.65 AOLTimeWarnerNA 26.40 America West NA 3.98 0.07 Apollo Group NA 45.61 1.69 Convergys NA 30.11 0.14 Home Depot 0.20 49.07 2.07 Honeywell 0.75 32.96 2.06 IBM 0.56 105.55 2.55 Intel 0.08 33.86 1.18 i 1.850- 9,600 Jan. 16 Jan. 16 Jan.

30 Jan. 30 NASDAQ RUSSELL 2000 TOURISM i AAA Arizona has given the 2002 Four Diamond award to 33 lodging properties and restaurants. Among the Southern Arizona winners are Loews Ventana Canyon Resort, Omni Tucson National Golf Resort Spa, Sheraton El Conquistador Resort Country Club, The Golf Villas at Oro Valley, The Lodge at Ventana Canyon and Rio Rico Resort Country Club. The Tucson-area restaurants awarded are: Daniel's, Janos, The Gold Room, The Tack Room and The Ventana Room. AAA began rating properties in 1963 and adopted the current diamond rating system for lodgings in 1977, and for restaurants in 1986.

I Pueblo Inn, 350 S. Freeway, will undergo a $1 million renovation that includes guest rooms, meeting 3rd network competing for viewers, ad dollars Spamsh TV battle heats nip rooms and a ballroom, OnStarNet: Complete local real estate listings. www.azstamet said general manager Cal Maloney. The property will become a Holiday Inn this summer, he said. Starwood Hotels Resorts Worldwide Inc.

held By the numbers Television networks competing for advertising dollars target areas such as Tucson because of the growing number of mspan-ics here, and the amount of disposable income they have. Hispanics have an estimated buying power, or disposable personal income, of more than $450 billion a year cast 24 hours a day. Univision reaches 75 percent of the Spanish-language broadcast television audience in Tucson, according to Ramis. But Telemundo's research director disagrees, estimating that each station reaches about half of the Spanish speakers here. Univision has a strong female audience, Ramis said, so sister station TeleFutura is targeting other segments men, teen-agers and children with traditional Spanish-language programming, nightly American movies dubbed in Spanish, foreign films and a nightly sports magazine.

"We believe that the potential market for TeleFutura is SEE NETWORK D5 By Tiffany KJos ARIZONA DAILY STAR The introduction of a third Spanish-language broadcast television network in Tucson offers a new option for viewers, but it also creates more competition in an already tight advertising market, media watchers here say. Univision Communications the top Spanish-language media company in the United States, launched the new network, TeleFutura, on 42 stations in 27 markets nationwide last week. TeleFutura is KTAZ 25 in Tucson, KFTU 3 in Douglas, KFPH35 in Phoenix and KFPH 13 in Flagstaff. The Tucson and Douglas stations both formerly broadcast religious Hispanics make up 25 percent of i the state's population, and 37.6 percent of Tucson's population programming and were owned by Equity Broadcasting, according to an Univision spokeswoman. Univision Communications parent company of Univision Network and of the cable network Galavision, paid $1.5 billion for the 42 stations, spokesman Javier Ramis of Phoenix said.

In Tucson, the other two broadcast Spanish-language channels are TeleFutura's sister station, KUVE 52, and its rival, Telemundo, KHRR 40. TeleFutura, which is not yet available on cable, will broad Hispanics possess an estimated 11.6 a five-year contract for the property, which was Four Points Sheraton Tucson until earlier this month, Maloney said. The company opted not to renew the contract because it has the newly opened Four Points by Sheraton Tucson University Plaza, just a few miles away. RETTAIL I Santa Fe Dog Express restaurant has opened at 845 E. University Blvd.

For more information call 623-9881. MINING I Phelps Dodge Corp. reported a fourth-quarter loss of $79.2 million, or $1.01 a share, and a loss for 2001 of $297.5 million, or $3.79 a share. That compares with earnings of $5.6 million, or 7 cents a share, in the fourth quarter 2000 and $72.3 million, or 92 cents a share, in 2000. Phoenix-based Phelps Dodge, the world's second-largest copper producer and a major Southern Arizona employer, said the results were due primarily to lower metal prices and a slowing global economy.

I Send notices for Tucson Industry News Notes to Business, Arizona Daily Star, P.O. Box 26807, Tucson, AZ 85726; or by fax to 573-4144; or to businessazstarnet.com by e-mail. percent of the state's disposable per-! I sonal income more than $13 billion Arizona is the seventh-largest consumer market for Hispanics SOURCES: U.S. Census Bureau; University of Georgia, City of Tucson Planning Department The advertisers' showcase ads wax nostalgic Bowl iupsr National BRIEFING The Federal Reserve gave Wall Street the positive economic outlook investors have been seeking, and stocks rallied even though the central bank declined to lower interest rates again. The Dow Jones industrial average closed up 144.62 at 9,762.86.

The Nasdaq composite index recovered from an earlier loss and rose 20.45 to 1,913.44. Among blue chips, Home Depot rose $2.07 to $49.07, Honeywell gained $2.06 to $32.96 and J.P. Morgan Chase advanced $1.01 to $33.06. Kraft Foods, which raised 2002 earnings projections beyond analysts' expectations, rose $1.46 to $35.50. IBM rose $2.55 to $105.55 and Intel climbed $1.18 to $33.86.

1 Several spots on Sunday will blend old, new THE ASSOCIATED PRESS NEW YORK Cadillac tuned up a classic 1959 Eldorado and borrowed a 30-year-old rock anthem for its new Super Bowl ads. Pop star Britney Spears reprises Pepsi's jingles dating as far back as the 1950s. And tax preparer Block plays a version of an aptly named Beatles' tune from 1966 in its first appearance in the big show. Some Super Bowl advertisers are hoping to score points Sunday on television's biggest and most expensive attraction of the year by stirring warm nostalgic feelings among the 130 million viewers expected to watch at least part of the NFL championship game. Ad salesmen at the Fox network, which is broadcasting the game between the St Louis Rams and the New England Patriots The U.S.

economy, jolted last fall by the terrorist attacks, managed to eke out a small increase in the final three months of the year in a surprising sign that the recession could be ending. A 0.2 percent growth rate for the gross domestic product and other positive developments were enough to persuade the Federal Reserve to call a cease-fire Wednesday in its yearlong campaign to lower interest rates. The European Union is poised to clear the $23.6 billion merger of Hewlett-Packard Co. with Compaq Computer Corp. without requiring divestiture, a source said.

The EU has un- "i'liiri i i i in COMPANY: Quiznos Corp. PRODUCT: Oven-baked sandwiches. AD: A test subject is unconscious after bring struck by a dart from a blowgun. Consumer confldenco Here is a look at the Consumer Confidence Index from a survey of 5,000 U.S. households.

Seasonally adjusted, 1 9851 00 140 Current 97.3 130 One month ago 94.6 One year ago 115.7 By the numbers Key figures concerning this year's Super Bowl advertising on the Fox network. 60 $2 spots million h-! 130 million til today to announce whether it will approve the deal or launch a four-month investigation into antitrust concerns. Philip Morris Cos. named Chief Financial Officer Louis C. Camilleri as its new leader Wednesday, ending debate over who would lead the tobacco-food giant in the face of regulatory challenges and smoking lawsuits.

Camilleri, 47, will become president and CEO effective April 25. He replaces Geoffrey Bible, who will continue as chairman until his retirement at the end of August Z- 'if -v from New Orleans, may be pining for yesteryear, too. The recession, a pullback in ad spending and competition for ad budgets from the Winter Olympics in Salt Lake City starting five days later have depressed Super Bowl ad prices. Fox still had "a couple or three" half-minute commercial spots left Tuesday from the 60 available in the game, according to Jon Nesvig, head of ad sales for Fox Broadcasting. The telecast usually sells out earlier.

He said the average price in the game was "a little south of $2 million." That would be down from the revised $2.1 million average that industry insiders say CBS got a year ago. Both prices are below the record $2.2 million average that SEE SUPER B0WLD6 fa 3- un FMAM A SON 2001 2002 SOURCE: The Conference Board AP COMPANY: Pepsico Inc. Photos by The Associated Press PRODUCT: Pepsi. AD: Singer Britney COMPANY: General Motors Corp. PRODUCT: Cadillac.

AD: The classic 1959 Spears, here dressed as a hippie, Cadillac Eldorado is seen with a new model as Cadillac tries to broaden its reprises Pepsi jingles dating as far customer base. back as the 1950s. Accounting crisis shakes investor confidence Federal regulators on Wednesday approved the largest railroad construction project in modern history, a 900-mile, $1.4 billion line to help get Wyoming coal to power-generation plants in the East and Midwest The Surface Transportation Board cited economic and transportation benefits in endorsing the proposal by the Dakota, Minnesota Eastern Railroad Corp. The board, however, imposed nearly 150 requirements to address concerns about damage to the environment and noise along the line. The plan calls for 280 miles of new track from coal beds in the Powder River Basin in northeast Wyoming through the Black Hills of South Dakota, and rebuilding about 600 miles of dilapidated line from southwestern South Dakota across southern Minnesota to the Mississippi River.

"The last time a project of this size was undertaken as a single rail construction project in the United States, Abraham Lincoln was the president" said Kevin Schieffer, president of the railroad. Compiled from wire reports lion in debt and costs from the ailing telecommunications company it spun off last year. The shares fell 4.1 percent Wednesday after dropping 22 percent Tuesday. Tyco shares have fallen 41 percent this month, with about a third of the decline coming after the company disclosed Monday that it paid a director $20 million. SEE ACCOUNTING D5 "There is a crisis in the integrity of earnings and balance sheets," said Henry Kaufman, president of Kaufman a New York economic consulting firm.

"Investors are questioning the information, or lack of information, they're receiving." Williams an energy trader and a natural-gas company, yesterday stunned investors when it said it may have to absorb $2.4 bil $5 billion at Navellier Associates Inc. "It's going to hurt the market's credibility." Investor confidence in financial reporting was rattled by the failure of energy trader Enron, the biggest bankruptcy ever, amid disclosures it used partnerships to conceal debt and boost profit Other revelations have made investors unwilling to own shares of some big U.S. companies. By Peter Roblson BLOOMBERG NEWS NEW YORK Investors are fleeing from companies that have any hint of flawed accounting after Enron collapse, causing shares of Tyco International General Electric AOL Time Warner Inc. and Cendant Corp.

to plunge. "You can't trust the numbers," said Louis Navellier, manager of.