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Daily Memo

Genessee Place to reopen Monday

Genessee Place will reopen on Monday with its original owner back at the helm and a recent remodel giving it a new look.

Carolyn Branham repurchased the restaurant in late May and gave it a new appearance and a new summer menu. It will be open for lunch from 11 a.m. to 2 p.m. Monday through Friday. The chef is Jeff Capps, who plans to feature different menus as the seasons change.

The restaurant also will be available for private dinners or breakfasts, as well as other special events. The phone number is 779-5156.egion

Weyerhaeuser lawsuit nears settlement

FEDERAL WAY, Wash. — A proposed settlement in a class-action lawsuit against the Weyerhaeuser Co. over defective house siding has won preliminary approval in court.

Under the deal presented Wednesday, Weyerhaeuser agreed to pay to replace swollen, warped, split and rotted siding made from compressed wood chips, fiber, resin and wax at a plant in Klamath Falls, Ore.

The settlement covers a class-action lawsuit filed in 1998 and could extend to similar litigation pending in Oregon, Iowa, South Carolina and Texas.

AOL keeps it Real, sticking a needle into Microsoft

SEATTLE — America Online Inc. renewed its commitment to RealNetworks Inc.?s Internet video technology, announcing Thursday it would use the Seattle company's technologies in new AOL software due out this fall.

The deal gives RealNetworks a built-in audience of more than 23 million AOL members, forestalling efforts by rival Microsoft Corp. to install its own Internet media player on personal computers through the Windows Millennium Edition operating system, due out in September.ion

Pact opens U.S. markets, lowers Vietnam's tariffs

WASHINGTON — The United States and Vietnam signed a landmark trade agreement Thursday, marking what President Clinton hailed as another historic step in the process of normalization, reconciliation and healing between our two nations.

The trade agreement will provide Vietnam with access to the U.S. market on the same terms granted to most other nations.

In return, Vietnam agreed to sharply lower tariffs and other trade barriers on a wide range of American manufactured products, farm goods and services such as banking, according to the Clinton administration.

The trade agreement is the last major step in normalizing relations between the nations.

Midwest gas prices drop; coasts still vulnerable

WASHINGTON — Record-high gasoline costs in the Midwest have moderated, but a Clinton administration energy expert warned Thursday that other areas might see price surges this summer.

Crude oil prices remain high, gasoline inventories are still low, refineries are operating at near-capacity levels and demand is not expected to decline, John Cook, the federal Energy Information Administration's petroleum division director, told the Senate Energy Committee.

That combination leaves little room for supply disruptions without triggering other dramatic price spikes, he said.

Motorists on both coasts are particularly vulnerable.Stocks of gasoline on the East Coast are 8 percent below their five-year average, and California inventories have dipped 6 percent, Cook said.

The price of a gallon of regular gas averaged $1.59 nationwide Thursday, still 43 cents higher than a year ago.

From staff and wire reports