IN BRIEF.VALLEY INDEX GAINS: The Daily News Index rose 0.95 to 141.41, led by Newbury Park's Semtech Corp. and Xylan xylan /xy·lan/ (zi´lan) any of a group of pentosans composed of xylose residues; major structural constituents of wood, straw, and bran. Corp. of Calabasas. Semtech rose $2.3125 to $36.125. Xylan rose $1.6875 to $21.125. - Bloomberg News VIDEO OUSTER ouster n. 1) the wrongful dispossession (putting out) of a rightful owner or tenant of real property, forcing the party pushed out of the premises to bring a lawsuit to regain possession. : The chief executive officer of the Encino-based Video Software Dealers Association resigned this week amid complaints from smaller retailers that the trade group unfairly favors big chains. Jeffrey Eves said his move was largely for personal reasons but acknowledged that the ``increasing level of friction'' among VSDA VSDA Video Software Dealers Association members had influenced his decision. Eves, who had held the post since 1994, will stay on until April 1 to assist in the transition and then serve as a consultant for six months. Owners of small stores Noun 1. small stores - personal items conforming to regulations that are sold aboard ship or at a naval base and charged to the person's pay commissary - a retail store that sells equipment and provisions (usually to military personnel) have been calling on the VSDA to help in their fight against the Blockbuster and Hollywood Video chains, which have made revenue-sharing deals with studios to ensure large inventories of new titles but the VSDA has turned down calls to sue the chains and remove their representatives from the board. - Daily News STRIKE: THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. said it has signed a deal with Adrenalin Interactive Inc. to create new Brunswick bowling videogames for the PC and Sony PlayStation platforms. Both products are scheduled for release in fall 1999. THQ shares rose $1.3125, or 4.48 percent, to close at $30.625. - Daily News PUMP IT UP: Calabasas-based Nevada Manhattan Group Inc. said it paid $8.4 million for a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Denver-based Meteor Industries Inc., a petroleum products distributor with 1998 revenues of more than $88 million. Nevada Manhattan said it expects to increase sales and margins at Meteor by supplying the company with products from its affiliates in the former Soviet Union. - Daily News |
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