IN BRIEF.VALLEY INDEX JUMPS: Stocks in the Daily News/Bloomberg Index rose 5.13 to 123.07, led by Semtech Corp. and Vitesse Semiconductor Corp. Semtech rose 7-1/4 to 57; Vitesse rose 7-1/8 to 47-1/8. ?13- Bloomberg News INCOMNET REACHES SETTLEMENT: Woodland Hills-based Incomnet reached a settlement of a civil consumer protection lawsuit lawsuit: see procedure; tort. with the state of California, without admitting guilt. Its subsidiary, National Telephone & Communications, agreed to stop ``slamming'' (switching customers' long-distance telephone service without their permission or knowledge) and pay $1.25 million in costs and penalties. ?13- Daily News MATTHEWS EXPANDS TO SOUTH: Burbank-based Matthews Studio Equipment Grouphas signed a letter of intent to purchase Miami-based Filmtrade Equipment Rentals Inc. in a $2.6 million transaction, officials said Tuesday. ?13-Daily News COMPANY OPENS MEXICO OFFICE: Valencia-based network marketing specialist FutureNet Inc. has opened its first foreign venture, FutureNet de Mexico, in Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi .The opening of FutureNet-Canada is set for next month in Vancouver. ?13- Daily News CHARTER ADDS INVESTORS: Agoura Hills-based Charter Pacific Bank has agreed to sell to Washington D.C.-based Financial Institution Partners II L.P. about $4 million worth of common stock. The transaction, expected to close early next year following state and federal banking agency approvals, will give to FIP FIP feline infectious peritonitis. 26 percent ownership of the bank and make it Charter's largest shareholder. Charter, which has $88 million in assets, will use the money from sale of the approximately 1.67 million shares to pay for planned growth in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , other areas of 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. and Ventura County and to expand its BankCard bank·card n. A card issued by a bank authorizing the holder to receive bank services and often functioning as a debit card. division, officials said. ?13- Daily News |
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