IN BRIEF.VALLEY INDEX UP: Stocks in the Daily News/Bloomberg Index rose 1.26 to 130.43 Friday, led by Tekelec and Electro E`lec´tro n. 1. An electrotype. Rent Corp. Tekelec, rose 2 5/16 to 36-1/4. Electro Rent Corp. rose 2-1/8 to 35-1/8. In the broader market, U.S. stocks rose to records on optimism that lower interest rates will help companies expand. Banks such as J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. & Co. led the advance. ?13- Bloomberg News MUTUAL FUND BUYS SPECIAL DEVICES STAKE: Mount Everest Fund LP and its affiliates acquired a 5.81 percent stake in the common stock of Special Devices Inc., a Newhall-based manufacturer of air-bag initiators which is moving to Moorpark. The investment group acquired 446,500 common shares as an investment, 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 Friday with the Securities and Exchange Commission. ?13- Bloomberg News COMPANY SELLS CARE CENTERS: Agoura Hills-based Children's Wonderland Wonderland See also Heaven, Paradise, Utopia. Annwn land of joy and beauty without disease or death. [Welsh Lit.: Mabinogion] Atlantis fabulous and prosperous island; legendarily in Atlantic Ocean. [Gk. Myth. Inc. has sold five of its child care centers in the Denver area and another in Lake Forest in Orange County, officials said. The six centers were sold for an undisclosed cash amount because they could not be expanded to provide both child and senior care, which is the company's primary focus, according to a spokesman. ?13- Daily News |
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