BRIEFCASE CPK CONTROLS 25% OF L.A. FOOD SHOW.Byline: - Staff and Wire Services California Pizza Kitchen California Pizza Kitchen (NASDAQ: CPKI, known within the food industry as CPK) is a casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, Inc. announced Monday that it has invested $2 million for a 25 percent stake in L.A. Food Show, a casual dining concept created by CPK CPK creatine kinase. CPK creatine phosphokinase. co-founders Larry Flax flax, common name for members of the Linaceae, a family of annual herbs, especially members of the genus Linum, and for the fiber obtained from such plants. The flax of commerce (several varieties of L. and Rick Rosenfield. Flax and Rosenfield will invest $1 million each for 75 percent of the company's equity, while California Pizza Kitchen will own the balance. CPK receives the right of first negotiation for the 75 percent equity ownership it does not currently control. The first L.A. Food Show restaurant, slated to open in early June in the Manhattan Beach Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. Village shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , will be about 7,000 square feet and feature a rotisserie and exhibition kitchen. CPK's previously issued guidance for 2003 and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for 2004 will not change based on Monday's announcement, 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. Fred Hipp, California Pizza Kitchen's chief executive officer. CPK, founded in 1985, operates, licenses or franchises 151 restaurants, of which 119 are company-owned and 32 operate under franchise or license agreements. Department erred in state job report SACRAMENTO - The Employment Development Department said Monday that it erred when it reported last month that California lost 10,500 jobs in January. Actually, the state added 28,500 jobs. The change means that over the 12 months ending in January the state added 58,600 jobs instead of the 41,200 originally reported, the department said. But the correction doesn't alter the unemployment rate for January, which was 6.5 percent, according to the department. Rates on 6-month T-bills lowest ever WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction, with rates on six-month bills dropping to their lowest level on record. The Treasury Department sold $17 billion in three-month bills at a discount rate of 1.055 percent, down from 1.175 percent last week. An additional $17 billion was sold in six-month bills at a rate of 1.030 percent, down from 1.170 percent. The three-month rate was the lowest since July 28, 1958, when the bills sold for 0.984 percent. The six-month rate was the lowest since the government began selling those bills on a regular basis in 1958. 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 1.22 percent last week from 1.27 percent the previous week. Bristol-Myers Co. restates earnings NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Bristol-Myers Squibb Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were Co. on Monday slashed $900 million in profits from a three-year period ended in 2001 as it restated earnings because of aggressive sales incentives and their resulting inventory glut. The company restated 3 1/2 years of earnings, reallocating about $2 billion in sales and $1.5 billion in profits starting in 1999 and continuing through this year. Bristol-Myers also reported 2002 earnings that were down sharply from the previous year. It reaffirmed its earnings guidance for this year. |
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