IN BRIEF.VALLEY INDEX DROPS: Stocks in the Daily News/Bloomberg Index fell 6 cents Tuesday to 128.55, led by Vitesse Semiconductor Corp and Electro Rent Corp.In the broader market,U.S. stocks fell on the last day of the third quarter as a slew of computer-related companies warned that earnings weren't up to snuff not likely to be imposed upon; knowing; acute. - Shak. See under Snuff. See also: Snuff Up in the latest three months. ?13- Bloomberg News ACTON COMPANY GOES PUBLIC: Omega Orthodontics orthodontics: see dentistry. Inc., an Acton-based management outsourcing firm for orthodontic orthodontic (ôr´th  dän´tik),adj practices, raised $10.8 million in an initial public offering Tuesday. The company, which will trade on the Nasdaq exchange under the symbol ORTH ORTH Orthodox (German) , sold 1.8 million shares at $6 each. ?13- Daily News BANK BRANCH SOLD: Burbank-based Highland Federal Bank said Tuesday that it has sold its Woodland Hills branch to Huntington Beach-based First Bank and Trust of California. The sale is Highland's fourth this year. ?13- Daily News FREDERICK'S UNDER COVER: Chicago-based Knightsbridge Capital Corp. completed its purchase of Frederick's of Hollywood Frederick's of Hollywood is a well known retailer of lingerie in the United States, with stores in many modern shopping malls across the USA. The business was started by Frederick Mellinger (inventor of the push-up bra) in 1946. Inc. Tuesday, paying $7.75 per share. As a result of the transaction, Frederick's no longer is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . ?13- City News Service PINKERTON'S BUYS CANADIAN COMPANY: Encino-based Pinkerton's Inc. announced Tuesday that it acquired Montreal-based General Electronic Surveillance Service Alarms Inc., which serves industrial and commercial clients. Terms of the transaction were not disclosed. Founded in 1974, G.E.S.S. provides security alarm systems, service and monitoring to businesses throughout the greater Montreal area. ?13- City News Service |
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