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IN BRIEF.

VALLEY INDEX FALLS: The Daily News/Bloomberg Index fell 0.05 to 117.37, led by Westlake Village's Dole Food Co. and Wellpoint Health Networks of Woodland Hills. Dole fell $5 to $29.625. Wellpoint fell $2.25 to $62.625.

- Bloomberg News

NURSES ON STRIKE: About 275 registered nurses and other health care workers held a one-day strike at Tarzana Medical Center on Friday to complain about conditions at the hospital and their wages. The workers held a one-day strike Sept. 15, when their labor contract expired. The workers want the hospital to buy devices to help prevent them from contracting blood-borne diseases, the right to file grievances over staffing levels and, chiefly, a raise. Tenet Healthcare, the hospital's owner, is offering workers a 2 percent raise this year and 4 percent next year for senior employees, while more junior employees would receive only 2 percent in 1999.

- City News Service

POWER-ONE OFF: Stock of Camarillo-based Power-One Inc. fell 18 percent by $1.125 to $6.125 Friday after analyst Scott Alaniz at Stephens Inc. downgraded the stock to ``market outperform'' from ``buy'' with a 12-month target price of $7.50. The power-supply producer had reported preadjusted third-quarter earnings Wednesday of $1.2 million, or 7 cents a share, which topped Wall Street estimates.

- Daily News

BAXTER GETS OK: Baxter Healthcare Corp. got approval from the U.S. Food and Drug Administration to manufacture recombinant antihemophilic factor at its new Thousand Oaks facility.

The thumbs-up allows Baxter to increase by up to 40 percent its global supply of recombinant factor VIII, which is a genetically engineered blood-clotting therapy for hemophilia A victims.

- Daily News
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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Oct 24, 1998
Words:275
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