BRIEFCASE DISNEY SELLS RETAIL BUSINESS IN JAPAN.BURBANK - Oriental Land Co. Ltd. of Japan will pay more than $51 million for The Disney Store Japan, the companies announced Monday. OLC OLC - On-Line Computer system will pay Disney annual royalties based on retail sales. The transaction is targeted for completion in April 2002. Toy manufacturer teams with studio GLENDALE - DreamWorks Consumer Products is saddling up to merchandise its release of the movie ``Spirit: Stallion stallion 1. an entire male horse aged 4 years and over. 2. in UK, applied to a male donkey (jack). stallion ring see stallion ring. teaser stallion stallion used to detect those mares which are in estrus. of the Cimarron.'' The material side of the entertainment giant will be partnering with Hasbro's WowWee subsidiary to release play sets, figures, accessories and other toys evoking the lifestyle of a wandering, amorous am·o·rous adj. 1. Strongly attracted or disposed to love, especially sexual love. 2. Indicative of love or sexual desire: an amorous glance. 3. bronco bronco: see mustang. . The toys will hit stores about the same time that the movie is released in May. Westlake Village firm wins Navy job WESTLAKE VILLAGE - Officials of Optics 1 Inc. announced Monday that the company has been awarded a contract from the Naval Air Warfare Center The Naval Air Warfare Center was a former U.S. Navy military installation located in Warminster, Pennsylvania and Ivyland, Pennsylvania. The U.S. Navy purchased the grounds to establish this facility from the Brewster Aeronautical Corporation following its bankruptcy in the in Lakehurst, N.J., worth $25 million over five years to develop a new imaging optical system. The first unit of the advanced multispectral optical surveillance system will be delivered to the Navy in March 2003 at a cost of $4.8 million. Enterprise adds 12th Valley site TARZANA - Enterprise Rent-A-Car has opened its 12th San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. location, 19228 Ventura Blvd. As at the company's other locations, customers can choose from an array of 47,000 vehicles within the network, drawing from more than 375 different regional offices. Short-term T-bill rates in basement WASHINGTON - Interest rates on short-term Treasury bills fell in Monday's auction, with the rate on six-month bills falling to the lowest level in nearly eight years. The Treasury Department auctioned $14 billion in three-month bills at a discount rate of 3.180 percent. An additional $12 billion in six-month bills was auctioned at a discount rate of 3.120 percent. The three-month rate, down from 3.36 percent last week, was the lowest since three-month bills averaged 2.99 percent on Jan. 31, 1994. The six-month rate, down from 3.31 percent last week, was the lowest since it dropped to 3.08 percent on Oct. 4, 1993. A separate report Monday from the Federal Reserve noted that the average yield for one-year constant-maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , edged down to 3.43 percent last week from 3.44 percent the previous week. |
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