BRIEFCASE ELECTRONIC FIRM'S STOCK UP ON REPORT.Byline: - Staff and Wire Services CAMARILLO - Shares of Electronic Clearing House Inc. leaped more than 23 percent Tuesday after the electronic payment service provider reported a profitable fourth quarter. The stock climbed $1.63 to close at $8.48 as the company reported it earned $518,000, 8 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on revenues of $10.99 million in the quarter. In the same period a year ago, it lost $207,000, 3 cents per share, on revenues of $8.57 million. For the full year, the company reported a loss of $3.3 million, 58 cents per share, on revenue of $40.6 million. A year ago, it lost $2.38 million, 41 cents per share, on revenue of $33.3 million. Defense giant has two new directors Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. announced Tuesday the additions of Amgen Chairman Kevin Sharer and retired Deloitte & Touche Chairman J. Michael Cook This article is about the playwright. For the historian, see Michael Cook (historian). Michael Cook (13 February 1933 – 1 July 1994) was a playwright. to its board of directors. The Century City-based defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; now has 13 board members, 11 of whom are non-employees. Sharer, 55, a graduate of the U.S. Naval Academy, joined Amgen, the world's largest biotechnology company, in 1992 and became chairman of the board in 2001. Cook, 61, directed the 1989 merger of Deloitte Haskins & Sells and Touche Ross. He retired in 1999. Northrop Chairman Ronald D. Sugar said Sharer and Cook ``each bring impressive leadership and business experience'' to Northrop Grumman's board. Support expected for Freedom deal SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. - Family shareholders of media company Freedom Communications are expected to approve a partnership with two investment firms in a deal that will leave control of Freedom in family hands. Proxy ballots will be counted today along with in-person votes. The deal requires a simple majority to pass. ``There will be close to unanimous approval of the transaction,'' David Hardie, a member of the Hoiles family, said Tuesday. VP at NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. retires after 35 years BURBANK - Ted Cordes, NBC vice president of program standards, will retire at the end of the year after 35 years at the network, the company announced Tuesday. Cordes' successor is Ken Samuel, a vice president in the network's Compliance and Standards department. Cordes' duties included ``reviewing all entertainment programming to ensure NBC follows policies set by the network and the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. ,'' according to NBC's Laarni Dacanay. ``In laymen's terms, censorship,'' she said. The network did not reveal Cordes' age, citing a company policy. Putnam fires nine in trading probe BOSTON - Putnam Investments has fired nine more employees for alleged improper trading, the fund company said Tuesday in a letter to shareholders announcing the results of its internal investigation into market timing. Chief executive Ed Haldeman said other employees were ``strongly admonished'' but not fired because they had not been aware of company policies or stopped the practice after being warned. Putnam said its review of all trading activity, going back nearly six years, found most improper trading took place between 1998 and 2000 in international and global funds. Kraft demotes co-chief Holden CHICAGO - Kraft Foods Inc. removed Betsy Holden from her duties as co-chief executive officer Tuesday after a series of setbacks involving products, personnel and sluggish sales at the nation's largest food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. company. The demotion de·mote tr.v. de·mot·ed, de·mot·ing, de·motes To reduce in grade, rank, or status. [de- + (pro)mote. of Holden to an undisclosed post at Kraft leaves Roger Deromedi as the sole chief executive of the Northfield, Ill.-based company. Deromedi, 50, had previously headed Kraft's international operations while sharing the 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. title with Holden. |
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