IN BRIEF.VALLEY INDEX FALLS: Stocks in the Daily News/Bloomberg Index fell 1.02 to 139.10, led by Burbank's The 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. and Tekelec of Calabasas. Disney fell 2 9/16 to 108-3/8. Tekelec fell 1 13/16 to 42 11/16. - Bloomberg News T-BILL RATES FALL: Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $5.79 billion in three-month bills at an average discount rate of 4.960 percent, down from 5.05 percent last week. An additional $7.26 billion was sold in six-month bills at an average rate of 5 percent, down from 5.075 percent. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. APARTMENTS SOLD: Sales of two apartment complexes comprising an aggregate 351 units closed last month, officials said. A 151-unit complex that straddles the 7200 blocks of De Soto de So·to , Hernando or Fernando 1496?-1542. Spanish explorer who landed in Florida in 1539 with 600 men and set out to search for the fabled riches of the north. and Kelvin avenues in Canoga Park was sold for $5.5 million, 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. the 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. office of Marcus & Millichap Real Estate Investment Brokerage Co., which handled the transaction but would not name the buyer. Also, the 200-unit Mountain View Meadow Apartments in Sylmar was sold to an Orange County-based partnership for $6.5 million. - Daily News DIRECTORS OK MERGER: Todd-AO Corp., a Los Angeles-based film and TV post-production firm, said the directors of London-based Tele-Cine Cell Group voted to accept a purchase offer from the company's subsidiary in the United Kingdom. The price is about 10 million pounds, or $16 million. The offer still has to be approved by 90 percent of Tele-Cine's shareholders. However, the directors already own 54 percent of the stock. Tele-Cine is a post production and special effects special effects, in motion pictures, cinematographic techniques that create illusions in the audience's minds as well as the illusions created using these techniques. film and video firm. - Daily News |
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