IN BRIEF.VALLEY INDEX JUMPS: The Daily News/Bloomberg Index rose 1.77 to 130.02, led by Sylmar's MiniMed Inc. and Wellpoint Health Networks of Woodland Hills. MiniMed rose $2.75 to $71.50. Wellpoint rose $2.625 to $79.9375. - Bloomberg News HEALTHY GAIN: Shares in Chatsworth-based nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. maker Natrol Inc. increased 22 percent Friday to $13.8125, after Time magazine identified the firm as one of several poised to benefit from increased consumer spending on herbal supplements. For the week, Natrol shares rose 50 percent. - Daily News WARNER RECORD CUTS: Warner Bros. Records Warner Bros. Records Inc. is an American record label that operates as a wholly owned subsidiary of Warner Music Group. It is internationally known as WEA International Inc. plans to cut about four dozen jobs as part of an overhaul to cut costs at the music business. Warner Bros. Records has seen improved profits after a spate of lagging sales. The Burbank-based unit has been criticized by some analysts for its large number of employees. - Daily News GETTING WIRED: Pacific Bell Wireless
- Daily News EXPLORING OPTIONS: Networks Electronic Corp. said Wednesday that a special committee of its board has voted to hire The Seidler Co. of Los Angeles to assist it in exploring ways to enhance its shareholder value in light of a recent court ruling that requires a trust that owns 47.3 percent of the company's approximately 1.68 million shares of outstanding voting stock Voting stock The shares in a corporation that entitle the shareholder to vote. voting stock Stock for which the holder has the right to vote in the election of directors, in the appointment of auditors, or in other matters brought up at the to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose its shares. Networks Electronic is a Chatsworth-based maker of bearings for the aerospace industry. - Daily News |
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