IN BRIEF.VALLEY INDEX FALLS: Shares of most companies in the Daily News Index were lower Wednesday, led by Electro E`lec´tro n. 1. An electrotype. Rent Corp. of Van Nuys. Electro Rent fell 37.5 centsto $11.875. - Daily News UNION VOTE: An upstart union defeated the United Farm Workers The United Farm Workers of America (UFW) is a labor union that evolved from unions founded in 1962 by César Chávez, Philip Vera Cruz, Dolores Huerta, and Larry Itliong. This union changed from a workers' rights organization that helped workers get unemployment insurance to that of in a final count of votes determining who would represent workers at an Oxnard farm that is the nation's largest strawberry grower. The state Agricultural Labor Relations Board tallied 725 votes for the Coastal Berry of California Farm Workers Committee, compared with 616 for the UFW UFW United Farm Workers (union) UFW United Factory Warehouse , Coastal Berry Co. President Ernie Farley said in a statement. There were 19 unresolved ballots. The results were long considered a foregone conclusion foregone conclusion n. 1. An end or a result regarded as inevitable: The victory was a foregone conclusion. See Usage Note at foregone. 2. , but the final count was delayed as labor officials tried to determine the validity of ballots cast in a runoff Runoff The procedure of printing the end-of-day prices for every stock on an exchange onto ticker tape. Notes: If the "tape is late" then it can take a long time to print off all the closing prices. election in June. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. NEW PLANT: Chatsworth-based Fadal Engineering Co., a subsidiary of Giddings & Lewis Inc., has bought a majority stake in a manufacturing facility in Hubli, India. Terms were not announced. The Kirloskar Warner Swasey Ltd. unit will be called Giddings & Lewis India Ltd. Giddings & Lewis is based in Fond du Lac Fond du Lac (fŏn` də lăk', –jə–), city (1990 pop. 37,757), seat of Fond du Lac co., E central Wis., in a resort region at the south end of Lake Winnebago; inc. 1852. , Wis. The unit will manufacture lathes with future plans calling for making vertical machining centers. Both products will be distributed exclusively in India. - Daily News EARNINGS International Remote Imaging Systems Inc. Chatsworth-based medical device maker June 2nd Qtr. 1999 1998 Revenues $7.4 million $6.7 million Net Income (Loss) ($120,000) ($211,000) Net Per Share (2 cents) (3 cents) The company said arbitration proceedings with the previous owner of its genetic business led to unusual legal fees during the quarter. Perceptronics Inc. Woodland Hills-based developer of computer-based simulation systems and software for the military and commercial markets. June 1st Qtr. 2000 1999 Sales $382,410 $832,952 Net Income (Loss) ($163,823) $3,222 Net Per Share (3 cents) Less than a penny Delays in availability of major contracts in the defense simulation sector hurt revenues. |
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