Valid Logic Systems of San Jose said...

Valid Logic Systems of San Jose said it laid off about 40 employees and scheduled a two-week production shutdown for August . . . Standard & Poor’s placed SCOA Industries on its “Creditwatch” list with negative implications following a leveraged buy-out offer from a group of investors including certain members of the firm’s management . . . Nissan Motor Co. of Japan said the Taiwan government has approved its application to acquire a 25% stake in Yue Loong Motor Co. of Taiwan . . . The Investment Company Institute reported that the assets of the nation’s 346 money-market mutual funds fell $4.96 billion in the week ended July 2 . . . The Los Angeles Department of Water and Power reported that electric plant production for the week ended June 29 rose 2.72% from the previous week.