BRIEFCASE EARTHLINK CUTS 40% OF WORKERS.Byline: - Staff and Wire Services PASADENA - EarthLink Inc. is closing call centers in Pasadena and three other cities, cutting another 1,300 jobs, or 40 percent of its work force, and outsourcing the work of some of its call centers to other companies as part of a major restructuring that started a year ago. The nation's third-largest Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. said Tuesday it will close its call centers Pasadena, with 120 workers, as well as those in Roseville, San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. and Harrisburg, Pa., by the end of the first quarter. Guitar Center up 18% in Q4 WESTLAKE VILLAGE - Guitar Center Inc. saw sales rise 18 percent in the fourth quarter as the specialty music retailer reported a strong fourth quarter grosses Tuesday. Sales hit $306 million for the quarter, up from $259 million in the same period a year ago, with same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increasing 10 percent. For the year, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 16 percent to $1.275 billion, up from $1.1 billion in 2002. Based on sales performance in the holiday season, it raised its earnings per share guidance to the 74 cents to 75 cents range. The chain will report its fourth quarter and full year results after the market close on Jan. 29. Univision to offer stock to public Univision Communications Inc. announced Tuesday it intends to offer about 15.8 million shares of Class A common stock to the public. Univision intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering to repurchase all of the 15.8 million shares of Univision Class A common stock currently held by a subsidiary of Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Inc. The shares repurchased by Univision will be canceled immediately upon repurchase, and there will be no dilution to earnings or cash flow per share. Clear Channel will no longer own any of Univision's common stock upon completion of the transaction. The Los Angeles-based Spanish-language media company has operations in four business segments: television, radio, music and Internet. Boeing names Bell to fill financial post CHICAGO - Boeing Co. named James Bell James Bell may refer to:
The 55-year-old Bell, a Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. native who worked at Boeing's Rocketdyne facility in Canoga Park, previously served as senior vice president of finance and as corporate controller since October 2000. Boeing's new president and chief executive, Harry Stonecipher, called the 31-year Boeing veteran a superior financial leader. |
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