IN BRIEF.VALLEY INDEX DROPS: Stocks in the Daily News/Bloomberg Index fell 0.21 to 134.95, led by Westlake Village's Dole Food Co. and THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. of Calabasas. Dole fell 6-7/8 to 50-1/4. THQ fell 3 5/16 to 21 3/16. - Bloomberg News HOUSES SOLD: Southern California's housing market remained strong in during February, with sale and prices increasing throughout the area. In 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. County, the region's biggest market, the median price was $176,150, up 5.6 percent from February 1997. Sales climbed 9.1 percent, said the California Association of Realtors. In Ventura County, the median price was up 6.8 percent, to $211,870, and sales increased 17.8 percent. - Daily News BAT OPEN HOUSE: Burbank-based automotive engineering Noun 1. automotive engineering - the activity of designing and constructing automobiles automotive technology engineering, technology - the practical application of science to commerce or industry specialist BAT International said Thursday that it will hold an open house April 18 for investors and others interested in the company's engine technology. BAT made headlines earlier this year when shares in the tiny firm rose from 8 cents to as much as $3.25 in less than two months on reports the company had developed a car engine capable of achieving 100 miles per gallon Noun 1. miles per gallon - the distance traveled in a vehicle powered by one gallon of gasoline or diesel fuel unit, unit of measurement - any division of quantity accepted as a standard of measurement or exchange; "the dollar is the United States unit of of fuel. The issue's price has since fallen back to the $1 range, closing Thursday at 98 cents. People wanting to attend the open house should contact BAT at (818) 555-5655. - Daily News AA SHARES PROFITS: American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the will be sharing $18 million in profits with more than 4,900 employees in the Los Angeles area as part of a $250 million windfall windfall An unexpected profit or gain. An investor holding a stock that increases greatly in price because of an unexpected takeover offer receives a windfall. for their workers worldwide. Most local employees will get checks averaging about three to four weeks pay. American started its profit-sharing program in 1984 and since then has paid out more than $930 million. Last year, it distributed $212 million. - Daily News |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion