IN BRIEF.VALLEY INDEX RISES: Stocks in the Daily News/Bloomberg Index rose 55 cents to 123.59. Calabasas-based On Assignment gained 2 7/16 to 27-1/2 and Camarillo's Vitesse Vitesse is a Dutch football club from Arnhem, which was founded on May 14, 1892. The idea of conceiving a football team stemmed from the club's early roots as a cricket club. Semiconductor rose 1 23/32 to 40 23/32. ?13-Bloomberg News RATING CUT: Shares of Calabasas-based Cheesecake Factory fell as much as $1.625 Friday in the wake of a ratings cut to ``hold'' from ``buy'' by analyst Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. Pinheiro at Janney Montgomery Scott Inc. Shares closed down 87.5 cents at $30.50. ?13- Daily News BUYBACK Buyback The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may PLANNED: Agoura Hills-based Pacific Crest Capital, parent of Pacific Crest Bank, will buy back 200,000 shares, or 7 percent of its stock, over the next 18 months because of the attractiveness of the price and the bank's strong capital position. ?13- Daily News NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. TO APPEAL JURY AWARD: NBC will appeal a $2.5 million jury award to an Agoura Hills company that claimed the network reneged on a contract involving an O.J. Simpson Simp·son , Sir James Young 1811-1870. British obstetrician and a founder of gynecology. He is also known for introducing the use of chloroform as an anesthetic. ``interview.'' H&K LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control produced the 150-minute video, ``O.J. Simpson, The Interview,'' in January 1996 and agreed that parts of the video could be shown on NBC if it aired the 1-800-OJTELLS number during the broadcast, H&K's attorney said. NBC failed to show the number. ?13- City News Service TOBACCO DOCUMENTS SURRENDERED:Tobacco firms on Friday ended a decades-long struggle to shield hundreds of sensitive internal documents from the public. They surrendered more than 800 items subpoenaed by the House Commerce Committee, which allegedly indicate the firms used their lawyers to hide evidence of crime and fraud. Texas' attorneys vowed to use the papers in their $8.6 billion suit against the industry, which is set for trial in January. |
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