BRIEFCASE BLUE SHIELD GRANTS TO AID UNINSURED.Byline: - Staff and Wire Services
The Blue Shield of California Blue Shield of California is a not-for-profit health insurance provider headquartered in San Francisco, California. An independent licensee of the Blue Cross and Blue Shield Association, Blue Shield of California is an incorporated, wholly owned subsidiary of California Physicians' Foundation said Monday that it has awarded $1.5 million to clinics that serve the uninsured 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. .
Grants valued between $20,000 and $100,000 were given to 38 private, nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.
Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. , free and community clinics throughout the region.
The grant-money recipients include the Partner in Care Foundation in Burbank, Northeast Valley Health Corp. in San Fernando San Fernando, city, Argentina
San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. , Tarzana Treatment Center in Woodland Hills, Valley Community Inc. in North Hollywood, Mission City Community Network Inc. in North Hills and MEND in Pacoima.
'Hulk' strong, but stock weak
AUSTIN, Texas - Marvel The original code name for Microsoft Network. Enterprises Inc. shares fell sharply Monday due to what analysts called a disappointing opening weekend for ``The Hulk,'' a movie based on one of Marvel's comic-book characters.
Marvel shares fell $2.45, or 12 percent, to close at $18.75 Monday on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. .
The picture brought in $62.6 million in opening-weekend ticket sales, which is a June record. But it fell short of expectations and also lagged some other recent releases based on comic-book characters, such as last month's $85.6 million opening weekend for ``X2: X-Men United.''
Southwest Securities analyst Arvind Bhatia said in a note Monday that the ``weaker-than-expected opening weekend ... will likely put pressure on Marvel's stock.''
21st Century taps Spinella for post
WOODLAND HILLS - Mel Spinella, a former partner in Deloitte & Touche, was named senior vice president and chief financial officer of 21st Century Insurance, the company said Monday.
At Deloitte & Touche, Spinella served as the lead audit partner to the largest insurance and investment companies on the West Coast, including Pacific Life Insurance, Farmers Insurance Group and The Capital Group of Cos.
Bruce W. Marlow, president and chief executive officer of 21st Century Insurance, said Spinella ``will strengthen our capabilities for performance measurement and long-term planning.''
``Low costs and high quality service are the core of our strategy, and Mel will help drive continual improvement Continual Improvement (also called incremental improvement or staircase improvement) is a process or productivity improvement tool intended to have a stable and consistent growth and improvement of all the segments of a process or processes. in these key areas,'' Marlow said.
At Deloitte & Touche, Spinella was responsible for quarterly and annual SEC reporting by domestic and international filers, IPOs, debt offerings and numerous insurance acquisition and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. assignments.
Investors cash in their stocks
NEW YORK- Lacking major earnings or economic news to guide them, investors fell back on profit-taking Monday, sending stocks sharply lower and knocking the Dow Jones Dow Jones
the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]
See : Finance industrials down more than 120 points.
Analysts expect the market to pull back or make little progress ahead of a decision Wednesday on interest rates. Investors anticipate the Federal Reserve's Open Market Committee will once again cut rates to stimulate the economy, and analysts say the expectation has largely been factored into higher stock prices.
After tumbling as much as 162.46 points, the Dow ended Monday's session down 127.80, or 1.4 percent, at 9,072.95. The decline followed last week's gain of 0.9 percent, the Dow's fourth consecutive winning week.
The broader market also retreated Monday. The Nasdaq composite index Nasdaq Composite Index
An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed dropped 33.97, or 2.1 percent, to 1,610.75, having risen 1.1 percent last week. The Standard & Poor's 500 index fell 14.05, or 1.4 percent, to 981.64, having climbed 0.7 percent last week for its fourth straight weekly gain.