IN BRIEF.VALLEY INDEX DROPS: Stocks in the Daily News/Bloomberg Index fell 46 cents to 1234.30, led by Calabasas-based Tekelec Corp. and Camarillo-based Vitesse Semiconductor Corp. Tekelec fell 3 5/16 to 39 7/16. Vitesse fell 2 1/16 to 44 3/16. ?13- Bloomberg News MORE CALIFORNIANS BANKRUPT BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt. 2. It is proper to notice that there is much difference between a bankrupt and an insolvent. : The number of Californians who declared bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most rose to 18,420 in October, from 16,891 in September and 17,206 in October 1996, Santa Ana-based CDB CDB Common Database CDB Caribbean Development Bank CDB Convention sur la Diversité Biologique (Convention on Biological Diversity) CDB China Development Bank (Beijing, China) CDB Capital Development Board Infotek reported Tuesday. October's number for the Bay Area was down 7.4 percent from a year ago, while Southern California's number was up 11.8 percent. ?13- Daily News CHEESECAKE SELLS SHARES: The Cheesecake Factory sold 2 million shares at $27 each in a secondary offering valued at $54 million. Led by Nationsbanc Montgomery Securities, the sale raised $51.3 million for the Calabasas-based restaurant chain. The gross spread - the difference between the price given to the seller and the price at which the shares were sold - was $1.35 a share. ?13- Daily News GUILD guild Association of craftsmen or merchants formed for mutual aid and for the advancement of their professional interests. Guilds flourished in Europe between the 11th and 16th century and were of two types: merchant guilds, including all the merchants of a particular town EARNINGS INCREASE: Screen Actors Guild earnings from commercials rose 5 percent to $527 million in 1996, the union reported Tuesday. Performers were signed to 89,256 jobs last year, also a gain of 5 percent over 1995. ?13- Daily News MORE L.A. BUSINESS STARTS: 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. County saw 1,754 new corporations in October, up 7.2 percent from September and 4.3 percent from the like month last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an information service. Statewide, 4,297 new corporations were registered with the state in October, up 6.1 percent from September and up 11.6 percent from the year-ago period, according to Santa Ana-based CDB Infotek. |
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