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The personal income of Americans climbed in August for the eighth consecutive month, the Commerce Department reported. Total wages, interest, and government benefits rose 0.5 percent - a little faster than the 0.4 percent forecast by many analysts - after a 0.2 percent rise in July.

Royal Dutch Shell, one of the world's largest oil companies, disputed part of a financial newspaper's report that it was preparing to cut 7,000 more jobs from the payroll. The Dutch publication Het Financiele Dagblad said over the weekend that the losses would accompany a restructuring plan to be implemented late next month. A company spokesman said he was not aware of a restructuring plan. Shell's payroll already has been cut by 7,000 jobs over the past 12 months.

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Sony Corp. cofounder Akio Morita, who died in Tokyo, was largely credited with transforming Japan's image from a maker of slipshod products to a world leader in high-quality electronics and automobiles. Under his leadership from 1946 to 1994, Sony became a multibillion-dollar company that produced the first all-transistor TV and home-videotape recorder. His name is most closely linked to development of the Walkman personal stereo-cassette recorder, perhaps the corporation's No. 1 success story.

(c) Copyright 1999. The Christian Science Publishing Society

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