IN BRIEF.VALLEY INDEX FALLS: Stocks in the Daily News/Bloomberg Index fell 0.70 to 132, led by Brilliant Digital Entertainnment and Litton Industries Inc., both of Woodland Hills. Brilliant fell 2-7/8 to 3 3/16. Litton fell 1 -3/8 to 58-5/8. - Bloomberg News HOTELS SOLD: Starwood Hotels & Resorts Trust, a Phoenix-based real estate investment trust, has sold its interests in three Vagabond VAGABOND. One who wanders about idly, who has no certain dwelling. The ordinances of the French define a vagabond almost in the same terms. Dalloz, Dict. Vagabondage. See Vattel, liv. 1, Sec. 219, n. Inns in Woodland Hills, Rosemead and Sacramento for $7.7 million to Vagabond Hotels Inc., which leases the properties. Starwood says it sold the Vagabonds to focus on the upscale market. - Daily News RESTAURANT EXECUTIVE: Burbank-based dick clark productions inc. has named industry veteran Michael F. Hoffer as president and 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. of its nine-outlet chain of American Bandstand Grill restaurants. Hoffer was regional vice president for the Midwest of Bennigan's, which includes 40 restaurants in 11 states. - Daily News FOX COMMITS: 20th Century Fox has agreed to launch its first product in the Digital Versatile Disc digital versatile disc or digital video disc (DVD), a small plastic disc used for the storage of digital data. The successor media to the compact disc (CD), a DVD can have as much as 26 times the storage capacity of a CD. (DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. ) format using the controversial Divx pay-per-view version. Fox, which had been the final holdout hold·out n. One that withholds agreement or consent upon which progress is contingent. Noun 1. holdout - a negotiator who hopes to gain concessions by refusing to come to terms; "their star pitcher was a holdout for six among major studios, joined Disney, Paramount, Universal and DreamWorks in support of Divx, which is two-thirds owned by retailer Circuit City and is expected to start releasing titles this summer. - Daily News PROMENADE ADDS STORE: Home furnishings retailer Z Gallerie plans to open a store June 1 in The Promenade in Woodland Hills, the retailer's only store in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . - Daily News |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion