BRIEFCASE.Byline: - Staff and Wire Services First Commerce net income climbs ENCINO - First Commerce Bancorp announced Monday that net income for the first six months of the year was nearly $1.2 million, or 15 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . In the comparable year-ago period, net earnings were $778,000, or 10 cents per share. Net income for the quarter ending June 30 was $610,000, or 8 cents per share, compared to $334,000, or 4 cents per share, in the year-ago period. Encino-based First Commerce Bancorp's primary subsidiary, First Commerce Bank, has offices in Encino and Brentwood. IRIS International included in index CHATSWORTH - IRIS International Inc. announced Monday that it has been listed on the new Russell Microcap Index, as well as the small-cap Russell 2000 and broad market Russell 3000 indices. IRIS is a manufacturer and marketer of automated IVD (Interactive VideoDisc) See interactive video. urinalysis systems and medical devices used in hospitals and reference clinical laboratories worldwide. The Russell Microcap Index is composed of the smallest 1,000 securities in the small-cap Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. plus the next 1,000 companies, based on a ranking of all U.S. equities by market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Chairman elected at visitors bureau An American Express executive was elected chairman of the board of directors of the Los Angeles Convention and Visitors Bureau, or LA INC., it was announced Monday. Stanley E. Washington assumed the chairmanship after serving as an LA INC. board member since 2000. His one-year term runs through June 30. Washington is regional vice president and general manager of American Express, U.S. Commercial Card, Western Region. 'Fantastic Four' boosting Marvel An unlikely group of superheroes Superheroes are fictional heroes who possess abilities beyond those of normal human beings. Superheroes may also refer to:
Shares of the New York-based comic-book company jumped $2.23, or 12 percent, to close at $21.46 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Expected to bring in about $30 million in receipts, ``Fantastic Four'' instead took in an estimated $56 million from Friday to Sunday despite unfavorable reviews. 20th Century Fox, the studio that released ``Fantastic Four,'' is part of media conglomerate News Corp. Its Class A shares ticked up 5 cents to $16.26 on the NYSE NYSE See: New York Stock Exchange . Unocal to sell oil, gas unit in Canada Takeover target Unocal Corp. said Monday it has agreed to sell its Canadian oil and gas subsidiary for $1.8 billion in a move analysts said would not involve Unocal resources coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. by rival bidders Chevron Corp. and Chinese government-run CNOOC CNOOC China National Offshore Oil Corporation Ltd. El Segundo-based Unocal first gave notice in May that it sought to sell Northrock Resources Ltd. Houston-based Pogo Producing Co. is buying the Canadian firm. Treasury bill rates mixed in auction WASHINGTON - Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on three-month bills declining and rates on six-month bills rising to the highest level since July 2001. The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 3.135 percent, down from 3.145 percent last week. Another $15 billion in six-month bills was auctioned at a discount rate of 3.355 percent, up from 3.325 percent last week. |
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