BUSINESS DIGEST
International Whether or not the United States and China settle their dispute about intellectual property rights, trademark piracy is unlikely to stop soon at factories in Shanghai and hundreds of small towns in China, where counterfeit versions of everything from Lux soap to Kellogg's cornflakes to Shell Oil lubricants are made. [ Page A1. ] The Economy Hours before his arrest by the F.B.I., Kevin D. Mitnick, the fugitive computer hacker, erased the accounting records for the Well, an on-line service, investigators say. The move underscored the vulnerability of any computer on the global Internet network to a sophisticated computer criminal. [ D1. ] The House Commerce Committee approved a bill overhauling the rules governing securities fraud litigation, a key part of the House Republicans' Contract With America. [ D1. ] Construction starts on new homes fell in January and new unemployment claims jumped last week, signs that rising interest rates were slowing the economy. [ D2. ] Companies Grigsby Brandford, the country's largest black-owned municipal bond firm, appears headed for one of its best years ever. But as the firm advances, it has also become a lightning rod for attacks from detractors on Wall Street. [ D1. ] Microsoft and the Justice Department appealed a Federal judge's decision to reject their antitrust settlement. [ D1. ] Responding to a move by airlines to limit travel agents' commissions, Carlson Wagonlit Travel and American Express said they would charge customers for assorted agency services. [ D2. ] Hewlett-Packard shares soared nearly 10 percent after it posted first-quarter results far exceeding Wall Street's estimates. [ D4. ] Shares of Lin Broadcasting plummeted after investment bankers put radically different valuations on the company. [ D4. ] Gillette named a president who is now considered to be the heir apparent to its chief executive. [ D4. ] Chrysler is seeking a court injunction to silence a former product planner who helped to evaluate the company's new mini-vans and now says they do not meet Federal safety standards. [ D4. ] Donald J. Trump, who has a 50 percent interest in the Empire State Building, has filed an eviction lawsuit against the building's management company and others. [ D4. ] In a move that would end its monopoly on residential phone service in the New York area, Nynex said it would cooperate with Cablevision Systems' efforts to enter the market. [ B5. ] Markets The dollar fell against the German mark and Japanese yen on fears that U.S. financial institutions could be hurt if President Clinton's $50 billion rescue package for Mexico did not restore confidence in that country's battered economy. [ D1. ] The Dow Jones industrial average failed again to break through the 4,000-point threshold. But the index still closed at a record high. [ D6. ] Prices of short- and intermediate-term Treasury issues rose after a Fed official raised hopes among traders that the central bank would not raise interest rates again soon. [ D5. ] Lumber futures plunged their daily trading limit. [ D15. ] Today's Columns Sara Lee makes desserts and sells hosiery. But analysts say there is more to it than cheesecake and thin thighs. Market Place. [ D6. ] While the global marketplace has become almost a cliche, a less-noted trend is the growth of multicultural marketing. One agency is finding success developing campaigns to reach ethnic groups in the U.S. and consumers abroad. Advertising. [ D16. ]