IN BRIEF.VALLEY INDEX DROPS: Stocks in the Daily News/Bloomberg Index fell 1.31 to 116.94, led by Woodland Hills-based Wellpoint Health Networks and Eltron International Inc. of Simi Valley. Wellpoint fell 3-1/2 to 41 5/16. Eltron fell 2-3/8 to 27. ?13- Bloomberg News LITTON SIGNS $315 MILLION PACT: Woodland Hills-based Litton Industries signed a $315 million contract with Venezuela to overhaul and modernize two naval frigates frigate (frĭg`ĭt), originally a long, narrow nautical vessel used on the Mediterranean, propelled by either oars or sail or both. Later, during the 18th and early 19th cent., the term was applied to a very fast, square-rigged sailing vessel carrying 24 to 44 guns on a single flush gun deck. at its Ingalls Shipbuilding facilities in Mississippi. Shares of Litton jumped 2 9/16 to 57 11/16. ?13- Daily News DISNEY TO ELECT BOARD ANNUALLY: The Walt Disney Co. will ask shareholders to elect board members annually rather than every three years. The company has been negotiating for more than a year with some of its big institutional stockholders and agreed to the change several weeks ago, spokesman John Dreyer said Thursday. Disney plans to ask shareholder approval of the new procedure at its 1998 annual meeting. |
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