IN BRIEF.VALLEY INDEX FALLS: Stocks in the Daily News/Bloomberg Index fell 84 cents to 117.06, led by 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. of Burbank and Simi Valley's Eltron International Inc. Disney fell 1 9/16 to 94 7/16. Eltron fell 1 7/16 to 27-7/8. - Bloomberg News T-BILL RATES FALL: Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $7.26 billion in three-month bills at an average discount rate of 4.965 percent, down from 5.115 percent last week. An additional $7.25 billion was sold in six-month bills at an average rate of 4.910 percent, down from 5.130 percent. - 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. RITE AID Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. MAKES IT OFFICIAL: As part of its recent acquisition of the drug store chain, Rite Aid Corp. will rename all 1,007 Thrifty PayLess Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Store chains in the western United States. The combined company was formed when Los Angeles-based TCH Corporation, the parent company of stores to Rite Aid, officials said Monday. West Coast Thrifty PayLess Inc. was acquired by Rite Aid in December for $1.4 billion in stock. - Daily News MINIMED DEAL CLOSES: Sylmar-based MiniMed Inc. said Monday that it has completed its purchase of Florida-based Home Medical Supply Inc. MiniMed paid $14.2 million in stock for the medical supply and distribution company. MiniMed closed up 18 cents Monday to $33.75. - Daily News EARNINGS Vitesse Semiconductor Corp. Camarillo-based maker of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for telecommunications, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , and automated test equipment systems. Dec. 1st Qtr 1997 1996 Sales $34.7 million $21.8 million Net Income $10.4 million $6 million Net Per Share 27 cents 17 cents NewCom Inc. Westlake Village-based maker of computer peripheral equipment Nov. 3rd Qtr 1997 1996 Sales $30.2 million $17.9 million Net Income $2.7 million $1 million Net Per Share 29 cents 13 cents |
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