IN BRIEF.VALLEY INDEX JUMPS: The Daily News/Bloomberg Index rose 1.68 to 139.98, led by Sylmar's MiniMed Inc. and Camarillo's Vitesse Semiconductor Corp. Vitesse rose $1.6875 to $44.75. Stock of MiniMed jumped $4.375 to $110 for its 12th record high in the past 15 sessions dating back to Dec. 8 when it closed at $75.125. That represents a 47 percent gain as investors became bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish over the company's prospects for its glucose micro-monitoring system for diabetics, due to be reviewed by a Food and Drug Administration panel in February. - Daily News MARKETS TO CLOSE: U.S. financial markets, government offices and banks will be closed Friday in observance of New Year's Day New Year's Day, among ancient peoples the first day of the year frequently corresponded to the vernal or autumnal equinox, or to the summer or winter solstice. In the Middle Ages it was celebrated among Christians usually on Mar. 25. . Most foreign markets will be closed as well. Bond trading and many commodity markets will be closing early Thursday. The bond market will close at 11 a.m. PST PST Paroxysmal supraventricular tachycardia, see there . - 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. MORE SUITS: K-tel International Inc., a Calabasas-based music retailer, faces more than 20 lawsuits alleging it concealed a Nasdaq warning that it faced 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. even as it caused its stock price to leap by promoting alliances with companies such as software maker Microsoft Corp. K-tel's shares plunged 43 percent in two days of trading after it said in a Nov. 17 regulatory filing that it faced delisting. - Bloomberg News |
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