BRIEFLY.VALLEY INDEX CLIMBS: Shares of most companies in the Daily News Index were higher Wednesday, led by Westlake Village's K-Swiss Inc., which jumped $1.375 to $17.625. - Daily News FANTASTIC RESULTS: 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 Pictures' animated movie "Fantasia/2000" earned almost $4 million in its first three-days of worldwide release, the company said. Released to just 75 theaters around the globe, the IMAX IMAX Noun a film projection process that produces an image ten times larger than standard movie release has grossed $3,874,000 since Saturday, a record opening for the large-screen format. - Daily News THEATER CLOSING: The Cineplex Showcase in Hollywood is closing its doors Sunday. The movie theater at the corner of Melrose and La Brea avenues La Brea Avenue is a prominent north/south thoroughfare in Los Angeles. After Hawthorne Boulevard intersects with Century Boulevard in Inglewood, La Brea Avenue is formed. La Brea passes north through Windsor Hills, Baldwin Hills, and Ladera Heights. will close for good after the 10 p.m. showing of "Cradle Will Rock," said Lowes Cineplex spokeswoman Deven Green, who wouldn't discuss why it's closing. - Daily News NEW BANK: Electronic Clearing House Inc., an Agoura Hills-based financial data company, announced plans to form its own online bank. ECBank, if approved by federal regulators, will serve merchant customers nationwide with credit card, debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. and electronic check products and full deposit account services. The online bank is expected to begin operating in six months. - Daily News FINANCING COMPLETE: Spatializer Audio Laboratories said it has completed the placement of $1 million of common stock at no discount and the conversion of $1 million of short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. to new Series B redeemable convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . Based in Woodland Hills, Spatializer said the equity would strengthen its balance sheet, restore working capital and shareholder value, while allowing the company to aggressively pursue a new growth strategy. - Daily News |
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