IN BRIEF.VALLEY INDEX FALLS: Stocks in the Daily News/Bloomberg Index fell 30 cents to 119.56, led by Tekelec and Countrywide Credit Inc., both of Calabasas. Tekelec fell 1 15/16 to 31 3/16. Countrywide fell 1-1/8 to 43-7/8. - Bloomberg News 7 WOODLAND HILLS COMPLEX BOUGHT: Warner Oaks, a 227-unit apartment complex in Woodland Hills, has been bought by Bay Apartment Communities of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden for $20 million. The complex, previously owned by De Anza Properties XII of Woodland Hills, is 96 percent occupied. - Daily News DDL (1) (Data Description Language) A language used to define data and their relationships to other data. It is used to create the data structure in a database. Major database management systems (DBMSs) use a SQL data description language. TO BUY JOLT: Newbury Park-based DDL Electronics Inc., said Thursday it has a definitive agreement to acquire Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.-based electronic manufacturing services provider Jolt Technology Inc. for 9 million shares of DDL common stock worth about $6.2 million. The deal will be taken to stockholders for their approval in March. DDL provides electronic manufacturing services for the computer, communications and other industries. - Daily News RENTAL RATES INCREASE: Rental rates were up for office, industrial and retail properties in all parts of 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. in 1997, according to a real estate report released Thursday. According to Grubb & Ellis Co., as vacancy rates fell countywide, new construction - some of it speculative - rose. Investors also scoured the market for acquisitions, boosting sales of buildings to record levels, according to the report. - City News Service ADVISER CHARGED WITH FRAUD: A Pacific Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). investment adviser was arrested Thursday on fraud charges for allegedly pocketing $1.3 million that his clients entrusted to him to purchase stocks. U.S. Attorney Nora M. Manella said a federal grand jury returned a 34-count indictment against Benjamin Bush on Wednesday, owner of Ben Bush Investment Management Inc., on mail fraud, wire fraud and money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. charges. - City News Service |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion