BIZWATCH : MARKETS.MARKET LOGIC: The inflation pendulum swung back from the dark side Friday, helping stocks recapture a chunk of Thursday's heavy losses. The Dow Jones industrial average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , which tumbled 160 points Thursday in its fifth-biggest point drop ever, rose 56.57 to 6,935.46, trimming the week's decline to 65.43. MEMO LTC LTC abbr. lieutenant colonel PROPERTIES DECLARES DIVIDEND: The Oxnard-based real estate investment trust declared a first-quarter cash divided of 34 cents a share on its outstanding common stock. The divided is payable on April 15, 1997, to stockholders on record as of March 31, 1997. The company invests in long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. and other health-care related facilities through mortgage loans, facility lease transactions and others. BOSTON GROUP ORDERED TO SHUT DOWN: The Los Angeles-based brokerage firm that took Studio City-based Jerry's Famous Deli Wikipedia is not the place for advertisement or self-advertising. Jerry's Famous Deli is a Los Angeles-based delicatessen famous for its huge menu, which boasts over 700 deli and traditional food items. public, no longer meets its $250,000 minimum net capital requirement set by regulators due to sharp drops in the stock prices of its IPOs. The firm holds sizable inventories of these stocks. Its stockbrokers also have been ordered by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. to stop soliciting trades. The firm is negotiating with third parties to raise fresh capital through an investment or merger. Jerry's Deli, which came to market at $7 a share, closed at $4 Friday, up 1/16. Sound Source Interactive of Westlake Village was introduced at $4 and closed at $2, up -1/2 on Friday. DISNEY SHAREHOLDERS LOSE FIRST ROUND: Investors of Burbank-based Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. who sued the company's directors over former President Michael Ovitz's estimated $120 million severance package A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following:
YOUNG ELECTRONICS MOVES: The printed circuit board manufacturer is moving its operations from North Hollywood to Chatsworth. Young will occupy a 20,300-square-foot building in the 20700 block of Marialla Street, doubling its capacity. During the next year the company expects to expand its work force from 64 to 100 workers. Young is paying about $1.2 million for the building. CAPTION(S): 2 Charts Chart: (1--Color) DOW INDUSTRIALS (2--Color) BIZ FACTS SLOWLY RISING PRICES Percent increase in consumer prices, 1996: Knight-Ridder Tribune Graphics Network |
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