* G&L Realty Corp. chief executive Daniel M. Gottlieb and president Steven D. Lebowitz have raised their buyout bid for the Beverly Hills-based company by 10% to $11 a share. Gottlieb and Lebowitz own about 29% of the real estate investment trust but can boost their combined holdings to 43% by converting other securities to G&L common stock.
* Chatsworth-based MRV Communications Inc., a maker of optical components and network infrastructure systems, reported fiscal fourth-quarter net income of $4.5 million, or 6 cents per share, compared with $5.2 million, or 8 cents, a year ago. Revenue rose 18% to $97.7 million.
