BRIEFCASE CHINA SIGNS PACT FOR DISNEY PROJECT.Byline: - Staff and Wire Services inese government signed the first infrastructure contract for Hong Kong's planned Disney theme park Monday with a mainland Chinese construction company. Lau Ching-kwong, the territory's civil engineering director, signed a $267 million contract with China State Construction Engineering Corp. to build facilities at Penny's Bay Penny's Bay or Chok Ko Wan (Traditional Chinese: 竹篙灣) is a bay in north-eastern Lantau Island, and is the site of the Hong Kong Disneyland Resort, which consists of the Hong Kong Disneyland theme park, , off the outlying Lantau Island Lantau Island, also Lantao, based on the old local name of Lantau Peak (Traditional Chinese: 爛頭; lit. Ragged Head), is the largest island in Hong Kong, located at the mouth of the Pearl River. , a government statement said. contract was the first of five for Disneyland infrastructure and will include work on roads, a sewer system Noun 1. sewer system - facility consisting of a system of sewers for carrying off liquid and solid sewage sewage system, sewage works facility, installation - a building or place that provides a particular service or is used for a particular industry; "the , a drainage system Noun 1. drainage system - a system of watercourses or drains for carrying off excess water system - instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a , water supply systems, landscaping, dredging and land reclamation Land reclamation is either of two distinct practices. One involves creating new land from sea- or riverbeds, the other refers to restoring an area to a more natural state (such as after pollution or salination have made it unusable). . The project will begin Wednesday and is scheduled to be completed in April 2005, the statement said. The government is collaborating with Burbank-based The Walt Disney Co. to build the $3.55 billion theme park in Hong Kong, which is due to open in 2005. The government has been criticized for supplying the land and footing most of the bill for the park, but said it hoped the project will create jobs and attract tourists. Anderson School names chairman The Anderson School at UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX announced Monday that the president and chief executive officer of THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. has been appointed chairman of the board of advisers for the Harold Price Center for Entrepreneurial Studies. Brian Farrell, a 1978 graduate of The Anderson School, has been involved with the Price Center's board since January 2000 and will lead the 30- member advisory board in its guidance of the school's entrepreneurial program. He succeeds Richard Heckmann, who had served as chairman since 1999. Farrell was elected to serve as THQ's president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and board chairman in January 1995. THQ develops, publishes and distributes interactive entertainment software for leading hardware platforms in the home and video game market. T-bill rates down in Monday auction WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction, with six-month bills reaching their lowest-ever rate. The Treasury Department sold $14 billion in three-month bills at a discount rate of 2.170 percent, down from 2.200 percent last week. An additional $13 billion was sold in six-month bills at a rate of 2.130 percent, down from 2.160 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 2.37 percent last week from 2.39 percent the previous week. Northrop acquires Aerojet EIS (1) (Executive Information System) An information system that consolidates and summarizes ongoing transactions within the organization. It provides top management with all the information it requires at all times from internal and external sources. unit CENTURY CITY - Northrop Grumman Corp. announced Monday that it completed the acquisition of the Electronics and Information Systems Group of Aerojet-General Corp. for $315 million in cash after securing regulatory approvals. Aerojet-General is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GenCorp Inc. The EIS business unit provides space-borne sensing for early warning systems, weather and ground systems that process data from space-based platforms, and smart-weapons technology for high-priority U.S. government national security programs. The unit - with 2000 revenues of $323 million and about 1,200 employees - is now part of Northrop Grumman's Electronic Systems sector's newly formed Space Systems Division, which includes several ongoing space-based programs. Carl Fischer, former president of Aerojet-General, was named vice president and general manager of the new Space Systems Division. Based in Baltimore, the new division also has facilities in Azusa, Bethpage, N.Y., and Boulder and Colorado Springs, Colo. |
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