BRIEFCASE '01 HOLIDAY SALES MAY MIRROR 2000.Byline: - Staff and Wire Services Deloitte & Touche predicted that sales will be comparable to last year's in its Holiday Retail Sales survey, released Wednesday. Additionally, 48 percent of Southern Californians will spend the same as they did last year, compared with 38 percent who will spend less and 14 percent who will spend more. The primary factor cited by respondents was lower family income. Tire maker to pay millions to states WASHINGTON - Bridgestone/Firestone Inc. will pay $41.5 million in a settlement to head off lawsuits by states over defective tires the company recalled more than a year ago. Each of the 50 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the Virgin Islands will get $500,000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a copy of the settlement obtained by The Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. . There are no restrictions on how the money can be spent. Nashville, Tenn.-based Bridgestone/Firestone will spend $5 million on a consumer education campaign and $10 million to reimburse attorneys' fees for the states. The deal could also include up to $10 million in administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . A.C.L.N. approves buyback of stock A.C.L.N. Ltd. announced Wednesday that its board of directors approved the repurchase of up to one million of the outstanding shares of the company's common stock. A.C.L.N. has been authorized to purchase shares from time to time on the open market and in negotiated transactions. Management will base its purchase decisions on market conditions, the price of the company's common shares and other factors. The repurchase program does not obligate obligate /ob·li·gate/ (ob´li-gat) pertaining to or characterized by the ability to survive only in a particular environment or to assume only a particular role, as an obligate anaerobe. A.C.L.N. to acquire any particular number of shares and can be suspended at any time at the company's discretion. ``A stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. at current market prices represents an excellent opportunity to enhance value for our shareholders,'' said President and Chief Executive Officer Aldo Labiad. Founded in 1978, A.C.L.N. operates two primary business segments: automobile and truck logistics services between Europe and Africa, and a wholesale automobile business service in Africa. Raytheon to work with Systemonic Raytheon Commercial Ventures Inc. announced on Wednesday the completion of an agreement between Raytheon Commercial Electronics and Systemonic AG to collaborate on next-generation wireless communication solutions. The agreement gives Raytheon an equity stake in Systemonic in exchange for key assets of RCE's wireless local area network group. As part of the intellectual property exchange, several Raytheon employees will join Systemonic. RCVI RCVI Ross Collegiate Vocational Institute , based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , was established in February to identify and implement opportunities to commercialize defense technologies within Raytheon. Charter deal gives Microsoft a boost ST. LOUIS - Microsoft Corp.'s interactive television software will be headed for a million Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. Inc. customer homes, in a deal that bolster's Microsoft's press into American living rooms. The move, announced Wednesday, may be a lift for Microsoft in the fledgling but burgeoning interactive TV software market where the software giant has had some setbacks, including rival Liberate Technologies announcing this summer its deal to develop an interactive TV delivery system with an AT&T subsidiary. Under the deal announced Wednesday, St. Louis-based Charter - the nation's fourth largest cable television company - wants Microsoft's help in offering customers cable TV incorporated with Internet-based streaming audio and video, flash animation and other services. |
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