SBD/25/Finance

FINANCE NOTES

          CNN's Lou Dobbs reported that Nike fell yesterday 2 1/8
     to 48 3/4.  Dobbs added that Donaldson, Lufkin and Jenrette
     trimmed Nike's earning estimates, expecting international
     sales to fall rapidly" ("Moneyline," CNN, 11/24)....PCH
     Investments, owners of L.A. Gear, said that the CA-based
     company "will default" on a November 30 payment "on certain
     notes, and added that it hasn't paid cash dividends on its
     preferred stock."  The stock closed down $0.0625 to $0.625 
     (WALL STREET JOURNAL, 11/25).  CNBC's Terry Keenan: "Another
     sign ... that L.A. Gear may be in a lot of financial
     difficulty.  The retailer of athletic footwear says that it
     has, quote, insufficient resources, to pay interest on some
     of its outstanding debt" ("Market Wrap," CNBC, 11/24). 

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