IN BRIEF.VALLEY INDEX GAINS: Shares of companies in the Daily News Index were mostly higher, led by Newbury Park's Xircom Inc. and Camarillo's Vitesse Semiconductor. Xircom gained $2.3125 to $36.625. Vitesse gained $2.125 to $47. - Daily News DISNEY OPENINGS:Burbank-based Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. has set an opening date of June 16 for its DisneyQuest indoor theme park and July 10 for its ESPN ESPN Entertainment and Sports Programming Network Zone restaurant in Chicago. The flagship DisneyQuest opened in June at Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando Orlando - a city in central Florida; site of Walt Disney World in Orlando, Fla.; the first ESPN Zone debuted in July in Baltimore. - Daily News STUDIO DEAL:Todd-AO Corp., the state of Bavaria, the city of Munich and The Walt Disney Co. of Burbank have agreed to build a post-production complex in Munich. The facility, which would specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in foreign language dubbing dubbing removal of most of the comb of day-old chickens. See also decombing. , European mixing and post-production, would cover 36,000 square feet. Disney and Todd-AO, a Los Angeles-based post-production company, will be joint venture partners in the project. - Daily News OFFER DRAWN UP: The founder and former head of The Harvey Entertainment Co. announced Thursday that he has made an offer to the board to acquire all of the outstanding shares of capital stock of the company in a merger transaction. Harvey Entertainment owns a library of classic animated characters, including Casper, the Friendly Ghost and Richie Rich. For the nine months ended Sept. 30, Harvey Entertainment reported a net loss of $4.8 million, compared with a profit of $2.6 million a year earlier. - City News Service CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. LIGHTING DEAL: Valencia-based CSL Lighting Manufacturing Inc. announced Wednesday that Interiors Inc. has acquired 51 percent of the company's common stock through a private placement. The company, which does business as Creative Systems Lighting, received about $2 million in the deal, including $600,000 in cash and the cancellation of about $1.4 million of outstanding convertible subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". and related charges. - Daily News |
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