IN BRIEF.VALLEY INDEX FALLS: Shares of most companies in the Daily News Index were lower Thursday, led by THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. and ACT Networks Inc., both of Calabasas. THQ dropped $2.25 to $29.8125. ACT Networks fell 43.75 cents to $7.50. Daily News NEWHALL RECORD: The Newhall Land and Farming Company The Newhall Land and Farming Company is a land management company based in Valencia, California, United States. The company is responsible for the master community planning of Valencia, as well as the management of farm land elsewhere in the state. , a Santa Clarita-based developer, announced the sale Thursday of its 36,000-acre Suey Ranch property along the Santa Barbara/San Luis Obispo counties line for $25 million. The transaction will add about $22 million, or 70 cents per partnership unit, to the company's 1999 earnings. The company said it expects to declare record earnings of $85 million to $90 million for 1999. Including the Suey Ranch transaction, the company's per-unit earnings are expected to be in the range of $2.70 to $2.85 a unit, said Chief Executive Officer Thomas Lee Thomas Lee may refer to:
Daily News YARC YARC You're Absolutely Right, Commander (military slang) DEAL: Camarillo-based Yarc Systems Corp. is going shopping, and it has a $25 million credit limit to help it acquire a larger company. The company, which makes Linux-based software for printing over networks, said Wednesday it is seeking to acquire a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. that could benefit from its technology. Yarc said it is in initial discussions with one company, but declined to name it. The company has received a pledge of a $25 million line of credit from its lender to help with the acquisition, which it hopes will allow it to begin trading on the Nasdaq Small Cap or Nasdaq National Market exchange. Daily News PIANOS SOLD: Van Nuys-based Keyboard Concepts has acquired David L. Abell Fine Pianos 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. . The acquisition creates the No. 1 supplier of acoustic and digital pianos, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dennis Hagerty, president and founder of Keyboard Concepts. He said the companies have complementary businesses: Keyboard Concepts focuses on aggressive merchandising through low prices while David L. Abell Fine Pianos carried only the performance models of Yamaha, Bosendorfer and Fazioli. Daily News |
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