SAGGING STOCKS: From Wall Street to Woodland...
SAGGING STOCKS: From Wall Street to Woodland Hills, stocks plunged Tuesday in the market’s worst day since Feb. 4 (A1). And local issues shared the hurt. . . . Lockheed, the aerospace firm in Calabasas, tumbled $2.125 to $68.375; IHOP Corp. in Glendale dropped 62.5 cents to $23.75; and Twentieth Century Industries in Woodland Hills slipped 50 cents to $10.625.
PROFIT KING: Things at the Walt Disney Co., however, are just ducky. The Burbank company, despite declines in the theme park and resort business, posted profits of $225.9 million for its fiscal fourth quarter, and much of the credit has to go to “The Lion King.” (D1) . . . On Tuesday, Disney’s stock price climbed 62.5 cents to $43 a share on the New York Stock Exchange.
DEJA VU: He’s working miracles at Monroe High, and it’s no mystery. Football coach Fred Cuccia, above, has a reputation for this kind of thing. . . . Cuccia turned around programs at South Pasadena, Hoover and Poly. He took over the Monroe job last spring, and, presto, the team made the playoffs for the first time since 1988. It faces Birmingham in a quarterfinal game tonight (C8).
STUFF IT: You can say sayonara to one turkey that didn’t make it through customs--a real turkey, that is. Rick Watanabe, who works for a Burbank software firm, tried to ship a frozen bird to a friend in Japan, but Japanese officials wouldn’t let the animal clear customs because it didn’t have the proper health certificate (B7). . . . Watanabe doesn’t want it back, so the turkey will probably be thrown away.
OUR TURN: Forget about “Melrose Place,” and “Beverly Hills 90210.” Hollywood may soon give the Valley a crack at the big time. Twentieth Television is looking for buyers for its late-night show, “Sherman Oaks,” which revolves around a documentary filmmaker who finds problems in an upscale family. . . . The show may be on--somewhere--as early as this spring.
