IN BRIEF.VALLEY INDEX GAINS: Shares of most companies in the Daily News Index were higher Wednesday, led by 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. and Newbury Park's Xircom Inc. MRV MRV minute respiratory volume. gained 68.75 cents to $12.25. Xircom gained $1.75 to $28.50. - Daily News FOUR BUYOUT: Burbank-based post-production services specialist Four Media Co., which has been aggressively buying smaller rivals in recent years, has acquired the assets of Los Angeles-based Digital Sound and Picture for $7.2 million in cash. DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive , which was founded in 1990, provides sound services for TV series and feature films. - Daily News CHARGES FLY: Insider trading charges were filed against ex-Koo Koo Roo Inc. director Donald B. Wohl of Brentwood who allegedly bought 50,000 shares of company stock before the company named Lee Iacocca its acting chairman. Wohl was indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. Tuesday by a federal grand jury on four securities fraud counts. He also faces a series of civil lawsuits filed against him and others by the Securities and Exchange Commission. - Daily News DIVISION SOLD: Calabasas-based ACT Networks Inc. said it sold its Phoenix-based Wireless Network Systems division to an affiliate of Signal Processors Ltd. Terms were not disclosed. The company develops, manufactures and markets voice and data communications products. - Daily News BANK MERGER: PBOC PBOC People's Bank of China PBOC People's Bank Of California Holdings Inc. will acquire The Bank of Hollywood in a deal valued at $28.6 million. BOH BOH Bournemouth (UK) Airport Identifier BOH Bank of Hawaii BOH Board of Health BOH Back Of House BOH Board of Housing (Montana Dept of Commerce) BOH Badge of Honor BOH Bridge Of Hope BOH Bag of Holding will be merged into PBOC's People's Bank of California, which operates 21 branches in Los Angeles, Ventura and Orange counties. BOH has headquarters in Hollywood and operates a full-service branch in Toluca Lake. - Daily News |
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