BRIEFCASE DIGITAL INSIGHT TOP LOCAL ON D&T'S LIST.Byline: - From staff and wire services CALABASAS - Digital Insight Corp. topped the local list of Deloitte & Touche's annual Technology Fast 500 rankings, released Wednesday, as it was named 184. The computer developer, which has been named to the list in the past, was included for its five-year revenue growth rate of more than 3,000 percent. Additionally, Chatsworth's Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corp. snared the 350th spot. ChevronTexaco will lay off 4,000 SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - ChevronTexaco Corp. has begun to lay off 7 percent of its work force, or about 4,000 employees, as the oil giant eliminates overlapping operations in two businesses brought together in a $39 billion merger completed last month. The job cuts, described in the company's quarterly report to the Securities and Exchange Commission filed late Tuesday, are in line with estimates provided more than a year ago when San Francisco-based Chevron announced its plans to take over Texaco. ChevronTexaco is pruning pruning, the horticultural practice of cutting away an unwanted, unnecessary, or undesirable plant part, used most often on trees, shrubs, hedges, and woody vines. its payroll of 57,000 employees as part of an effort to reduce the combined company's overhead by $1.2 billion annually. Most of the layoffs will be completed by the end of next year, the company said in the SEC document. Bike maker recall targets tandems WASHINGTON - BikeE Corp. is recalling about 700 recumbent recumbent /re·cum·bent/ (re-kum´bent) lying down. re·cum·bent adj. Lying down, especially in a position of comfort; reclining. tandem bicycles because mechanical problems can cause riders to lose control and fall. The recalled E2 model bikes were manufactured in 2000 and 2001. They have two handlebars and two seats, which are in a lowered, horizontal riding position. For more information consumers can call BikeE toll-free at (800) 231-3136. Bicycle trailers A bicycle trailer is a motorless wheeled frame with a hitch system designed for transporting cargo by bicycle. A bicycle trailer expands the cargo-carrying capacity of a bicycle greatly, allowing point-to-point transport of objects up to 4 cubic yards (3 cubic meters) in volume and can cause injury WASHINGTON - A Wisconsin company is recalling about 2,500 trailer cycles for children because the connecting hitch that attaches to an adult bicycle can fail, leading to accidents and injuries. Consumers should stop using these accessories and call Pacific Cycle at (800) 626-2811. Juice extractors' parts pose danger WASHINGTON - Hamilton Beach is recalling about 2.4 million juice extractors because parts can break and fly apart, risking injury to operators. Customers should stop using the juice extractors and call Hamilton Beach at (800) 298-9955. OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its asks others to cut production VIENNA, Austria - OPEC has agreed to reduce its daily production target for oil by 1.5 million barrels, or 6 percent, but only if non-OPEC producers share the burden by making deep cuts of their own, the cartel announced Wednesday. Delegates of the Organization of Petroleum Exporting Countries Organization of Petroleum Exporting Countries (OPEC), multinational organization (est. 1960, formally constituted 1961) that coordinates petroleum policies and economic aid among oil-producing nations. said they were asking oil producing countries outside the cartel to decrease output by 500,000 barrels, for a combined cut of 2 million barrels a day aimed at halting halt·ing adj. 1. Hesitant or wavering: a halting voice. 2. Imperfect; defective: halting verse. 3. Limping; lame. the recent slide in oil prices. The cuts are to take effect Jan. 1. Vitesse completes workforce cutbacks CAMARILLO - Vitesse Semiconductor Corp. has completed the cutting of approximately 10 percent of its 1,300 employees in light of a slowdown of customer demand. The company, unable to stave off stave n. 1. A narrow strip of wood forming part of the sides of a barrel, tub, or similar structure. 2. A rung of a ladder or chair. 3. A staff or cudgel. 4. Music See staff1. the slumping semiconductor sector any longer, had announced in May that it was planning to reduce its work force by as much as 12 percent. President and Chief Executive Lou Tomasetta said the company continues to seek ways to manage its cost structure. ``This work-force reduction, while unfortunate, was necessary to lower our operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and reduce our break-even level,'' Tomasetta said in a statement. |
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