IN BRIEF.VALLEY INDEX JUMPS: Stocks in the Daily News/Bloomberg Index rose 1 11/50 to 137 6/25, led by WellPoint Health Networks of Woodland Hills and Electro E`lec´tro n. 1. An electrotype. Rent Corp. of Van Nuys. WellPoint rose 2 11/16 to 69-1/8. Electro Rent rose 2-1/4 to 46-3/4. - Bloomberg News ON THE BLOCK: As part of the liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy proceedings for Danish American Farms, an auction will be held today to sell off the nonperishable food and beverages F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , a truck and office equipment left over after the landmark North Landmark North (Chinese: 上水廣場) is an office tower-and-shopping centre complex in Sheung Shui, Hong Kong. It was developed by Sun Hung Kai Properties and is the commercial centre of Sheung Shui. Hills grocery store closed Jan. 5. The auction is scheduled for 11 a.m. at the store at 16212 Parthenia St. at Woodley Avenue; a preview starts at 9:30 a.m. The owner of Danish American Farms, Bente's Fine Foods Inc., filed for Chapter 7 bankruptcy Jan. 13. - Daily News GOLDEN VALUE: Golden State Bancorp is worth more than $50 a share, 29 percent above its current price, because it's attractive as a buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. target, NationsBanc Montgomery Securities analyst Caren Mayer said. Golden State, parent company of Glendale Federal Bank, also stands to gain from its breach-of-contract lawsuit against the federal government, said Mayer. Golden State is merging with the parent company of California Federal Bank California Federal Bank, often abbreviated to "Cal Fed", was a savings and loan bank in California. It existed from 1926 until 2002, when its parent company Golden State Bancorp was acquired by Citigroup, resulting in the bank being merged into Citibank. in a complicated deal that will leave Golden State as the remaining entity but CalFed officials in charge. - Bloomberg News GOOD TIMING: The top executives at El Segundo-based Mattel Inc. sold almost 1.5 million shares in February, about a month before shares tumbled with the announcement that first-quarter sales will be less than expected. The announcement came Tuesday. Mattel executives sold 1.46 million shares, more than they sold in a single month the past five years, for $41.50 to $42.16 a share and raised as much as $61.7 million. - Bloomberg News |
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