Sega to get Microsoft softwareThe Microsoft Corp. will...


January 18, 1994

Sega to get Microsoft software

The Microsoft Corp. will reportedly supply portions of the basic software for controlling the new video game machine to be introduced late this year by Sega Enterprises.

The agreement to contribute to an operating system for Sega could represent a big stride beyond personal computing for Microsoft.

Crop Genetics plans swap

Crop Genetics International said yesterday that it will seek to exchange shares of common stock for up to 1 million shares of its outstanding convertible preferred stock.

Joseph Kelly, chief executive officer of the Columbia-based company, said that Crop Genetics hopes to reduce the number of outstanding shares of the preferred stock and to eliminate dividends paid to holders of the stock. The company suspended dividends during the third quarter of 1993.

Blockbuster buys into Virgin

Blockbuster Entertainment Corp., awaiting a merger with Viacom Inc., said yesterday that it is expanding its alliance with the Virgin airline and entertainment empire run by British entrepreneur Richard Branson.

Blockbuster issued $30 million worth of stock to buy a 20 percent stake in Virgin Interactive Entertainment PLC, which develops video games for the Nintendo and Sega game systems.

Cold is driving up oil prices

Oil prices surged yesterday as frigid Arctic air kept much of the country in a deep freeze, but traders expect prices, which are rallying from five-year lows, to tumble again once the thaw begins.

Near-term delivery of home heating oil, which touched a recent low of 48.07 cents per gallon Wednesday, rose 1.41 cents yesterday, to 52.67 cents. February delivery of light sweet crude rose 32 cents per barrel, to $15.10.

Eli Lilly to stop AIDS drug work

Eli Lilly & Co. will phase out its AIDS drug development program as part of a decision to narrow and focus its research effort, the company's top scientist said yesterday.

Dr. W. Leigh Thompson said the company will concentrate on diabetes, cancer, infectious diseases, cardiovascular problems and central nervous system disorders.

GTE, AT&T to offer TV services

GTE Corp.'s Telephone Operations unit and American Telephone & Telegraph plan to offer later this year "interactive" services through TV sets in a test market in the Manassas, Va., area.

GTE said it will provide customers with such services as movies-on-demand, home shopping, educational programming and video games.

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