IN BRIEF

Harrah's Entertainment taps accounting chief

Harrah's Entertainment has hired Diane Wilfong away from Eastman Kodak Co. to become the gaming giant's new controller and chief accounting officer.

The news was released by Eastman Kodak in a report announcing Wilfong's replacement.

Harrah's spokesman Gary Thompson confirmed the hiring, adding it is contingent on regulators' approval.

Wilfong, who will start in July, replaces Anthony McDuffie, who resigned last month. McDuffie had been with the company since 1988.

Michael Gaughan to enter hall of fame

South Point owner Michael Gaughan will join his father as a member of the Gaming Hall of Fame later this year.

Gaughan, who built the Coast Casinos brand before selling the properties to Boyd Gaming Corp. in 2004 for $1.3 billion, will be honored in November during the Global Gaming Expo in Las Vegas.

Gaughan operates South Point, the slot machine concession at McCarran Airport and the Casino Queen Riverboat in St. Louis.

Gaughan's father, former downtown casino icon Jackie Gaughan, is also one of more than 60 members of the Gaming Hall of Fame, which was established in 1989.

NEW YORK

Dow index's makeup shifts amid fiscal unrest

The Dow Jones industrial average is the latest Wall Street institution to be reshaped by the financial crisis.

The index is adding Cisco Systems Inc. and Travelers Cos. and dropping General Motors Corp. and Citigroup Inc. The changes were announced as GM entered bankruptcy protection.

Cisco, which makes computer networking gear, is filling the role left by GM after 83 years as part of the Dow. Travelers, the property and casualty insurer, will replace its former parent, Citigroup.

The changes to the 30-stock index will take effect Monday.

WASHINGTON

Interest rates decline in Treasury auction

Interest rates on short-term Treasury bills fell in Monday's auction.

The Treasury Department auctioned $31 billion in three-month bills at a discount rate of 0.15 percent, down from 1.175 percent last week.

Another $31 billion in six-months bills was auctioned at a discount rate of 0.29 percent, down from 0.3 percent last week.

NEW YORK

Treasury prices sink as economic angst eases

Interest rates surged in the credit markets Monday as economic worries eased.

The yield on the 10-year Treasury note rose to 3.71 percent Monday from 3.46 percent late Friday as its price fell 1.75 to 95.38.