IN BRIEF.

VALLEY INDEX RISES: Stocks in the Daily News/Bloomberg Index rose 10 cents to 124.68, led by Burbank-based Walt Disney Co. and Chatsworth-based MRV Communications Inc. Disney rose 4 1/16 to 94-3/4. MRV rose 2 9/16 to 27-5/8.

?13- Bloomberg News

RACE TRACK UPGRADES: Hollywood Park Inc. has submitted its application to list on the New York Stock Exchange to benefit from lower transaction costs and higher liquidity on the NYSE. The race track operator expects its common stock will begin trading on the NYSE on Dec. 1 as HPK and will delist its shares from Nasdaq.

?13- Daily News

DIANA SELLS SUBSIDIARY, CHANGES NAME: In a series of restructuring moves to strengthen its core business, Diana Corp., a Calabasas provider of telecommunications switching equipment, is selling its telecom distributor subsidiary, C&L Communications for $6.3 million to a group led by current management. Diana Corp. shareholders also approved a company name change Friday to Coyote Network Systems Inc. The company's core business unit, Sattel Communications, has been renamed Coyote Technologies as well.

?13- Daily News

BANK DECLARES STOCK SPLIT: Los Robles Bancorp, parent of Thousand Oaks-based Los Robles Bank, declared a two-for-one stock split for shareholders of record as of Dec. 5, 1997. The stock split wll be distributed Dec. 29, 1997. Los Robles stock closed at 24 on Friday.

?13- Daily News

DCC PICKS NEW CHAIRMAN: Chatsworth-based DCC Compact Classics has named Martin M. Cooper, president of Cooper Communications Inc., as chairman. DCC sells single-use camera systems, record albums and audio books.