IN BRIEF.VALLEY INDEX GAINS: Shares of most companies in the Daily News Index were higher Friday, led by Woodland Hills-based Foundation Health Services health services Managed care The benefits covered under a health contract Inc. and Chatsworth's MRV Communications  OverviewMRV NASDAQ: MRVC is a company that designs, manufactures, sells, distributes, integrates and supports communication equipment and services, and optical components. Inc. FHS FHS - Filesystem Hierarchy Standard gained $1.3125 to $16.25. MRV MRV minute respiratory volume. gained $1.5625 to $14.0625. - Daily News RESIGNATION: Agoura Hills-based Electronic Clearing House Inc. said Friday that Larry J. Thomas has resigned as president, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , chief technology officer and director. Joel M. Barry, chairman and chief executive officer, will serve as chief executive and president while Larry Brown, the creator of Echonline Internet services, will serve as chief technology officer. Electronic Clearing House provides credit card processing, check guarantee, inventory tracking and various Internet services to more than 19,000 retail merchants and U-Haul dealers across the nation. Shares of the company dropped 15.625 cents to $1.75 on Friday in light trading. - Daily News DEAL DONE: Tekelec, a Calabasas-based computer network switching company, completed its purchase of IEX IEX Ion Exchange (chromatography) IEX Inter-Exchange Carrier Corp. Friday for $163 million - $63 million in cash and $100 million in short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. . IEX develops solutions for intelligent networks, call centers and other telecommunications markets. IEX has annual revenues of $49 million. It will operate as a subsidiary of Tekelec out of its facility in Richardson, Texas. - Daily News MORE MONEY: Superior Industries International Inc. will increase its next quarterly cash dividend by 12.5 percent to 9 cents a share payable on July 16 to shareholders of record on July 2. It is the 16th consecutive year that the Van Nuys-based maker of aluminum wheels has increased its cash dividend. - Daily News EARNINGS Unico American Corp. Woodland Hills-based insurance company March 1st Qtr. 1999 1998 Revenues $10.6 million $12.48 million Net Income $2.03 million $2.16 million Net Per Share 32 cents 34 cents |
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