IN BRIEF.VALLEY INDEX DROPS: The Daily News/Bloomberg Index fell 1.27 to 126.96, led by 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. and Westlake Village's Dole Food Co. Amgen fell $1.625 to $67.9375. Dole fell 93.75 cents to $47.9375.- Bloomberg News THREE'S A CROWD Three's a Crowd was a short-lived American television sitcom spinoff of Three's Company. It was, albeit loosely, based on the British TV series Robin's Nest, just as Three's Company had been based on a British series, Man About the House : A third class-action lawsuit has been filed against Thousand Oaks-based biotechnology giant Amgen Inc. over alleged misrepresentation misrepresentation In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation. of the company's earnings potential last year. The suits all claim that top Amgen officials profited by selling personal shares in the company at a time when the stock's price was artificially inflated. The latest suit was filed by New York-based Kaufman Malchman Kirby & Squire LLP LLP - Lower Layer Protocol . Amgen officials declined to comment on the suit. - Daily News EARNINGS Highland Bancorp Inc. Burbank-based holding company for Highland Federal Bank, FSB (FrontSide Bus) See system bus. FSB - front side bus . June 2nd Qtr. 1998 1997 Assets $573.4 million $504.4 million Net Income $1.9 million $1.4 million Net Per Share79 cents 58 cents Based on these earnings, the company on or before Aug. 15 will pay a cash dividend of 12.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. to shareholders of record as of Aug. 3. Panavision Inc. Woodland Hills-based movie camera maker June 2nd Qtr. 1998 1997 Sales $46 million $37.7 million Net Income ($56.6 million)(xx) $2.9 million Net Per Share ($3.57) 15 cents Six months 1998 1997 Sales $89.1 million $68.8 million Net Income ($54.1 million) $6.4 million Net Per Share ($3.11) 33 cents (xx) Includes $58.7 million in one-time charges from pending takeover Zenith zenith, in astronomy, the point in the sky directly overhead; more precisely, it is the point at which the celestial sphere is intersected by an upward extension of a plumb line from the observer's location. National Insurance Corp. Woodland Hills-based insurance company June 2nd Qtr. 1998 1997 Sales $166 million $152.4 million Net Income $7.6 million $7.9 million Net Per Share 44 cents 44 cents The company said its second-quarter results were impacted by the price competition in the property casualty and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. business. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion