IN BRIEF.VALLEY INDEX DROPS: Shares of companies in the Daily News Index were mostly lower Wednesday, led by On Assignment Inc. of Calabasas and Westlake Village's K-Swiss Inc. On Assignment dropped $2 to $35. K-Swiss fell $1.9375 to $52.375.
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ANNOUNCEMENT SET: Siemens AG Siemens AG
German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. of Germany plans to announce on Monday that it has agreed to acquire a $30 million stake in Accelerated Networks Inc., a private company based in Moorpark.
The Siemens deal with Accelerated Networks is part of an expansion plan into the fast-growing data networking business.
Siemens is also expected to announce deals to acquire privately held Castle Networks Inc. and Argon argon (är`gŏn) [Gr.,=inert], gaseous chemical element; symbol Ar; at. no. 18; at. wt. 39.948; m.p. −189.2°C;; b.p. −185.7°C;; density 1.784 grams per liter at STP; valence 0. Networks Inc., and is negotiating with 3Com Corp. to acquire one of its divisions, executives said.
- The New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times
STRIKE AHEAD: With no negotiations scheduled, a union representing about one-third of the Lockheed Martin For the former company, see .
Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Skunk skunk, name for several related New World mammals of the weasel family, characterized by their conspicuous black and white markings and use of a strong, highly offensive odor for defense. Works work force in Palmdale is planning to strike Saturday. The International Association of Machinists and Aerospace Workers The International Association of Machinists and Aerospace Workers is an AFL-CIO/CLC trade union representing approx. 646,933 workers as of 2006 in more than 200 industries. , which represents 1,840 Skunk Works employees, authorized au·thor·ize
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.
2. To give permission for; sanction: a strike to begin this weekend if a new contract is not worked out. The union rejected a package that included 3 percent pay raises in each of the next three years. Skunk Works officials said they have a plan in place should the union strike but wouldn't elaborate.
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Unico American Corp.
Woodland Hills-based insurance holding company
Dec. 4th Qtr. 1998 1997
Sales $11.5 million$12 million
Net Income $2.2 million $2.1 million
Net Per Share 34 cents 32 cents
Year End 1998 1997
Sales $47.5 million $48.3 million
Net Income $8.7 million $7.7 million
Net Per Share $1.36 $1.20
The latest results include realized after-tax investment gains of $70,462, or 1 cent per diluted share, in the fourth quarter, and $163,634, or 3 cents per diluted share, for the year. The company had recorded a $16,561 investment gain the prior year.