IN BRIEF.VALLEY INDEX FALLS: Shares of companies in the Daily News Index were mostly lower, led by Newbury Park's Xircom Inc. and Sylmar's MiniMed Inc. Xircom fell $2.3125 to $20.5625. MiniMed fell $5.78125 to $51.125 on its first day of trading after its shares split 2-for-1. - Daily News SMALLER POOL: Shares of Biopool International Inc. of Ventura will no longer trade on Nasdaq's SmallCap Market because its bid price fell below the $1 minimum for the listing. Biopool now qualifies to trade on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , the electronic portion of the pink sheets, under the symbol BIPL BIPL Biphase Level . The company said its move to OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). does not reflect any financial problem. Rather, Biopool meets or exceeds all other requirements for Nasdaq. - Daily News DISNEY DEPARTURE: John Cywinski, president of marketing for The 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.'s movie business, will leave the company to join McDonald's Corp. as a vice president. Before joining Burbank-based Disney in 1996, Cywinski was head of U.S. marketing for Burger King Corp. - Daily News MAGIC FRIDAY'S: T.G.I. Friday's T.G.I. Friday's (often referred to as just "Fridays") is a popular American restaurant chain focusing on casual dining, with over 500 restaurants across the United States, Canada, Colombia, Mexico, Australia and the UK, as well as many other countries around the world. and Earvin ``Magic'' Johnson's development company announced the opening of the first Magic Johnson's T.G.I. Friday's restaurant in urban Atlanta. The Atlanta restaurant is one of several scheduled to be built by T.G.I. Friday's and Johnson Development Corp. ``in underserved urban communities, such as Baltimore, Houston, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Washington, D.C., over the next four years,'' the former Los Angeles Lakers basketball star said. - City News Service VIACOM BUY: Viacom Inc., the world's fourth-largest entertainment company, raised its stock-buyback plan to $600 million to include warrants, the latest move by Chairman Sumner Redstone to boost the company's share price. The owner of MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. and Nickelodeon cable channels and Paramount Pictures movie studio said March 24 that it would buy back $500 million of its common shares periodically. - Bloomberg News |
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