IN BRIEF.VALLEY INDEX DROPS: Shares of companies in the Daily News Index fell Wednesday, led by Electro Rent Corp. of Van Nuys and Burbank's Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. Electro Rent fell 71.875 cents to $10.5625. Disney fell $1.50 to $33.0625. - Daily News MERGER VOTE: More than two-thirds of those voting in the American Federation of Television and Radio Artists The American Federation of Television and Radio Artists (AFTRA) is a performers' union that represents a wide variety of talent, including actors in radio and television, as well as radio and television announcers and newspersons, singers and recording artists (both royalty approved a proposed merger with the Screen Actors Guild. About 40 percent of the 28,311 ballots mailed out to AFTRA AFTRA American Federation of Television & Radio Artists members were returned while about 40,000 of SAG's 98,375 members voted. The results of the SAG (1) A momentary drop in voltage from the power source. Contrast with spike. (2) (SAG) (SQL Access Group) See CLI. vote will be announced today or Friday. - Daily News PICO Pico (pē`kō) [Port.,=peak], island (1991 pop. 15,129), 167 sq mi (433 sq km), Horta dist., in the N Atlantic, one of the central Azores. It takes its name from the volcanic mountain, Pico Alto [high peak], which rises to 7,711 ft (2,350 m). SALE?: Electronics systems producer Pico Products Inc. has hired investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. Brockett Tamny & Co. to explore strategic alternatives that could lead to a possible sale or merger. The Lake View Terrace-based company noted it may choose to remain independent after reviewing the alternatives; its stock was unchanged Tuesday at 37.5 cents. - Daily News BIG DEAL: Van Nuys-based Cherokee Inc. signed a long-term licensing deal with Japan-based Itochu Corp., a general trading company with offices in 90 countries and operations that cover a spectrum of industries. Itochu will manufacture, promote and sell products bearing the Cherokee brand in Japan. Terms were not disclosed. Cherokee markets and licenses Cherokee and Sideout brand clothing, luggage, cosmetics and footwear products. - Daily News SHARES SOLD: In-line skate wholesaler Veriflex Inc. said shareholders agreed to sell back to the company a total of 371,279 shares during a self-tender period the company sponsored and which ended Jan. 20. The company agreed to buy the shares at a price of $6 each. Veriflex shares closed up 25 cents Wednesday at $5.625. - Daily News |
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