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IN BRIEF.


VALLEY INDEX DROPS: The Daily News/Bloomberg Index fell 0.22 to 145.04, led by Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001.  Inc. of Woodland Hills and Westlake Village's Dole Food Co. Litton fell 1 13/16 to 61-5/8. Dole fell 1 11/16 to 45 11/16.

- Bloomberg News

AMGEN AMGEN Applied Molecular Genetics (original meaning)  SELLS: Amgen Inc. reported the sale of its 5.7 percent stake in Techne Corp. of Minneapolis. Thousand Oaks-based Amgen sold 1.07 million Techne common shares for $17 each, 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.
 a Schedule 13D Schedule 13D

An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction.
 filed with the Securities and Exchange Commission. Amgen sold the shares through an open-market transaction Open-Market Transaction

An order placed by an insider, after all appropriate documentation has been filed, to buy or sell restricted securities openly on an exchange.

Notes:
 April 15. Techne is the parent company for Research and Diagnostic Systems Inc., a specialty manufacturer of biological products.

- Bloomberg News

SEBASTIAN AWARD: Sometimes it's the package that counts. The package design for Woodland Hills-based Sebastian International's Total Indulgence body-care line won the Best of Show award at the National Association of Container Distributors' 35th Annual Packaging Awards Judging.

- Daily News
COPYRIGHT 1998 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Apr 25, 1998
Words:159
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