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IN BRIEF.

VALLEY INDEX GAINS: The Daily News/Bloomberg Index rose 1.11 to 139.83, led by WellPoint Health Networks of Woodland Hills and Sylmar's MiniMed Inc. MiniMed rose 1-7/8 to 52-5/8. WellPoint shares rose 4.9 percent - or 3 1/16 to 65 - after the company's Blue Cross of California unit said it had reached an agreement with Sutter Health on reimbursement rates. Blue Cross of California and closely held Sutter Health agreed to a three-year contract under which Blue Cross customers can receive care at Sutter's 23 acute-care hospitals and long-term care centers in California. A month ago, Sutter Health canceled its contract with WellPoint, saying it was not being reimbursed enough to cover its costs.

- Bloomberg News

T-BILL RATES RISE: Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury Department sold $5.8 billion in three-month bills at an average discount rate of 4.995 percent, up from 4.945 percent last week. An additional $7.29 billion was sold in six-month bills at an average rate of 5.155 percent, up from 5.110 percent.

- Associated Press

HAWKER SIGNS UPS DEAL: Sun Valley-based landing gear maintenance service provider Hawker Pacific Aerospace signed a five-year, $5 million service agreement with United Parcel Service Co. The contract calls for Hawker to perform landing gear repair and maintenance and provide a number of other services on UPS's fleet of 16 Boeing 747 aircraft.

- Daily News

HAAGEN BUYS SHOP: Santa Barbara-based Haagen Printing, which has a location in Westlake Village, has acquired Camarillo-based Center Graphics for an undisclosed cash price. The purchase will give Haagen a second offset printing location; the other is in Santa Barbara.

- Daily News
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Jun 9, 1998
Words:282
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