BRIEFCASE BOFA GIVES VALLEY GROUP LOAN FUNDS.Byline: - Staff and Wire Services VAN NUYS - To foster growth in lending to small firms and minority- and women-owned businesses, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. announced Wednesday that it is giving $200,000 to the Valley Economic Development Corp. The VEDC VEDC Valley Economic Development Center (Los Angeles, CA, USA) will use the money to launch the ``SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government Micro Loan Program sponsored by the Bank of America Foundation,'' and the Bank of America contribution will be used to establish a loan loss reserve. The program was created by the U.S. Small Business Administration, which has made $3.5 million available in its Los Angeles region that can be accessed to make smaller loans in amounts between $1,000 and $25,000. Aames Financial gets new listing Aames Financial Corp., a Los Angeles-based subprime home equity lender, reported Wednesday that its common stock is now being traded on the Over-the-Counter Bulletin Board under the symbol ``AMSF AMSF Australian Motor Sport Foundation AMSF Area Maintenance and Supply Facility (US Army) AMSF Army Morale Support Fund AMSF Area Maintenance Support Facility AMSF Army Maintenance Supply Facilities AMSF Alkali Metal Storage Facility .'' 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. on Nov. 14 delisted Aames' common stock for failing to meet the NYSE's continued listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . Expecting losses, Palm to cut jobs SANTA CLARA - Palm Inc. will cut its work force by 250 employees and contractors, and expects current quarter results to meet Wall Street expectations. The Santa Clara-based handheld device maker, which has been struggling to recover from steep losses this past year, said Wednesday that it expects revenue for the fiscal second quarter ending Nov. 30 will range from $250 million to $280 million. That is toward the upper end of its prior guidance, Palm said. Palm said it expects a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma loss of 7 cents a share, in line with the consensus estimate of analysts surveyed by Thomson Financial/First Call. Motorola to give AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. a spot on TV SAN JOSE - Moving the ongoing battle in the home entertainment industry up a notch, Motorola Inc. said Wednesday that it has agreed to work with AOL Time Warner to make some AOLTV (America OnLine TV) An Internet TV service from AOL that provides access via a phone line or through the DirecTV satellite from Hughes Electronics. Versions of the AOLTV set-top boxes also include the TiVo technology for digitally recording TV programs. features available on its digital set-top boxes. Motorola did not specify when the AOLTV features would be available, and it still would be up to individual cable operators to decide whether to deploy the service and offer it to customers. But analysts say the AOL agreement with Motorola, the nation's leading provider of digital set-top boxes, could help stimulate the interactive TV market. AOLTV, the interactive TV unit of the cable and media giant, allows users to read and write e-mail and gain limited Internet access through the television. Like other interactive TV providers, AOLTV is struggling to get into American households. Cable providers have yet to widely offer interactive TV services and consumer adoption has been slow. Ford, Firestone owners in lawsuit INDIANAPOLIS - Millions of Americans who owned or still own certain Firestone tires and Ford Explorers were granted class certification Wednesday in noninjury lawsuits against the two companies. The federal court ruling means anyone in the United States who owned or leased a 1991 through 2001 model year Explorer, or anyone who owned certain types of Firestone tires from 1990 to the present, is automatically included in the class-action lawsuit. The lawsuits do not involve cases where people experienced tire blowouts or vehicle rollovers, but instead focus on loss of value and violations of consumer protection laws consumer protection laws n. almost all states and the federal government have enacted laws and set up agencies to protect the consumer (the retail purchasers of goods and services) from inferior, adulterated, hazardous and deceptively advertised products, and in the wake of Bridgestone/Firestone's massive tire recall and problems with Explorer rollovers. |
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