IN BRIEF.VALLEY INDEX DROPS: Stocks in the Daily News/Bloomberg Index fell $2.65 to 117.90, led by Sylmar-based MiniMed Inc. and MRV Communications  OverviewMRV NASDAQ: MRVC is a company that designs, manufactures, sells, distributes, integrates and supports communication equipment and services, and optical components. of Chatsworth. MiniMed fell 3-1/2 to 33 9/16. MRV MRV minute respiratory volume. fell 2 1/16 to 21 13/16. - Bloomberg News SETTLEMENT: Lancaster-based Rexhall Industries Inc. said Friday that it has reached a tentative settlement in a class-action lawsuit brought against it by disgruntled dis·grun·tle tr.v. dis·grun·tled, dis·grun·tling, dis·grun·tles To make discontented. [dis- + gruntle, to grumble (from Middle English gruntelen; see owners of Rexhall motor homes. Under the settlement, Rexhall will pay a total of $825,000 in cash, and provide a voucher A receipt or release which provides evidence of payment or other discharge of a debt, often for purposes of reimbursement, or attests to the accuracy of the accounts. coupon to each of the roughly 5,000 participating vehicle owners good for a discount off their next purchase of a Rexhall camper. Rexhall closed up 25 cents to $5.50. - Daily News SONY SETS RECORD: Sony Pictures set a new worldwide box office record for 1997 with $1.27 billion in domestic grosses and $1.07 billion overseas, beating Disney's cumulative mark of $2.29 billion in 1996. The studio's top performers were ``Men In Black'' with $572 million worldwide and ``My Best Friend's Wedding'' with $264 million. - Daily News DISNEY BOND: Burbank-based 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. has sold a $200 million two-year bond issue and will use the proceeds for general corporate purposes. The transaction was handled by Williams Capital Group, Blaylock & Partners and Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. . - Daily News EARNINGS Todd-AO Corp. Los Angeles-based film and television post-production house 1st Quarter ended Nov. 30 1997 1996 Sales $25 million $20 million Net Income $1.77 million $1.77 million Net Per Share $0.17 $0.20 |
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