IN BRIEF.VALLEY INDEX JUMPS: Shares of most companies in the Daily News Index were higher Friday, led by Countrywide Credit Industries Inc. of Calabasas, which gained $1.6875 to $32.1875. - Daily News MARKETS TO CLOSE: U.S. financial markets, government offices and banks will be closed Monday in observance of Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. . Financial markets will be open in other countries. The weekly auction of U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. bills will be held Tuesday instead of Monday because of the holiday. In advance of the holiday, bond markets closed early Friday. Some commodity trading also ended early. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. REXHALL DIVIDEND: Motor-home maker Rexhall Industries, Inc. announced Thursday that its board has approved a 5 percent stock dividend. The Lancaster-based company will pay the dividend Oct. 15 to shareholders of record as of Sept. 15, 1999. - Daily News PANCAKE SLOWDOWN: Same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. for IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain Corp.'s International House of Pancakes restaurants were down 1.7 percent in August compared to the same month last year, the Glendale-based company reported Thursday. There were 864 IHOP restaurants in the chain as of June 30, including 640 operated by franchisees and 76 operated by IHOP Corp. - Daily News DIVIDEND DECLARED: Zenith National Insurance Corp. declared a regular quarterly cash dividend of 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on all outstanding shares of the Woodland Hills-based insurer. The dividend is payable Nov. 15 to stockholders of record at the close of business Oct. 29. - Daily News EARNINGS Pacific Softworks Inc. Newbury Park-based developer of Web-based products June 2nd quarter 1999 1998 Sales $647,000 $843,122 Net Income (Loss) ($404,520) ($37,582) Net Per Share (12 cents)(1 cent) The company blamed increased losses on a substantial increase in its research and development expenses. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion