IN BRIEF.VALLEY INDEX GAINS: The Daily News/Bloomberg Index rose 1.18 to 117.42, led by Unico American Corp. of Woodland Hills and Amgen Inc. of Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. . Unico American rose 2.125 to 14.125. Amgen Inc. rose 1.50 to 74.5625. - Bloomberg News DOLE ISSUES WARNING: Westlake Village-based Dole Food Co. warned that third-quarter earnings will fall 35 percent, well below expectations, because banana prices fell amid the collapse of Russian demand and a bumper crop In agriculture, a bumper crop refers to a particularly good harvest yielded for a particular crop. Example: "With all the rain we've had over the last few months, we are expecting a bumper crop this year. this year. Dole, the world's largest marketer of fresh fruit, was expected to earn 47 cents a share, up from 40 cents a year ago, 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. a survey of six analysts by First Call Corp. Dole also warned that 1998 results will be 20 percent less than a year ago. - Bloomberg News FHS FHS - Filesystem Hierarchy Standard TO SELL UNITS: Woodland Hills-based Foundation Health Systems Inc., one of California's largest managed-care companies, said it is close to selling three small, unprofitable health maintenance organizations it operates in Texas, Louisiana and Oklahoma. A final agreement could be reached within days on sale of the three plans, which serve 65,000 of Foundation's 4.4 million members, said David Olson, spokesman for Foundation, the fourth-largest publicly traded U.S. managed-care company. - Bloomberg News ON THE MAT: Matthews Studio Equipment Group, a Burbank-based supplier of lighting and grip equipment for the entertainment industry, said Thursday that it has been advised by Nasdaq that it faces delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. because its stock price has fallen below the required $5 minimum per share. The company said it has asked for a temporary waiver of the requirements and for a Nov. 13 hearing with Nasdaq. If its request to stay on Nasdaq is rejected, the company expects its common stock to begin trading on Nasdaq's over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. . Matthews stock closed down 6.25 cents Thursday at $2. - Daily News |
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