BRIEFCASE GAS PRICES GOING UP NEXT MONTH.Byline: - Staff and Wire Services It's going to cost more to heat your home next month, Southern California Gas This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Co. said Thursday. Due to a sharp rise in natural gas prices nationwide, Gas Co. customers can expect to pay an average of about $65 in March - $12 more than in February, according to the utility. Industry analysts say the combined effects of unusually cold weather on the East Coast, dwindling dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. storage levels and lagging production are primary reasons for the price hike. The Gas Co. buys most of its natural gas from out-of-state producers. Gas Co. officials said to keep costs down, customers should lower thermostats 3 to 5 degrees and clean or replace furnace filters. Almgren quits as Capstone's 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. CHATSWORTH - Capstone Turbine Corp. announced Thursday that Ake Almgren has stepped down from his role as president and CEO and as a member of Capstone's board of directors. Emily Liggett, interim chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , was named interim CEO and president. The company also announced that Richard Donnelly, a former executive with General Motors Corp., has been named to its board of directors. Donnelly is the Automotive Industrial Partner at the New York-based Ripplewood Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Feds tentatively OK Univision pact Spanish-language broadcaster Univision Communications Inc. and Hispanic Broadcasting Corp. reached a tentative agreement with federal antitrust regulators Thursday, removing the largest snag in their proposed merger. Los Angeles-based Univision, which owns 50 television stations nationwide, said last year it planned to expand into radio by buying Hispanic Broadcasting, which owns 63 radio stations, in an all-stock deal valued at $3.5 billion. A sticking point was Univision's 27 percent ownership of Entravision, which owns 55 radio stations, many in the same markets served by Hispanic Broadcasting. The tentative deal with the Justice Department requires Univision to convert its shares to nonvoting preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and to give up any voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. other than the right to approve a merger, sale or liquidation. Homewood Suites sold by Hilton BEVERLY HILLS - Hilton Hotels Corp. said Thursday that it has sold four Homewood Suites by Hilton hotel properties in two separate transactions for a total consideration of about $40 million. The company said it will use the proceeds to reduce its debt. Hilton has now sold 16 of 19 company-owned Homewood Suites by Hilton hotels it acquired as part of the 1999 purchase of Promus Hotel Corp., while retaining either management or franchise agreements. It has 122 Homewood Suites by Hilton properties total nationwide. New food, ads set for El Pollo Loco El Pollo Loco is a fast-food restaurant chain and Mexican grilled chicken franchise. "El Pollo Loco" is Spanish for "The Crazy Chicken". Juan Francisco Ochoa started the restaurant in Guasave, Mexico, in 1975. IRVINE - El Pollo Loco Inc. announced Thursday that it has awarded a $7 million advertising account to Irvine-based Y&R companies. El Pollo Loco plans to begin a ``major brand transformation'' through the marketing campaign, according to the company - a change that will include the introduction of new products, new advertising and a new prototype restaurant. Economy gains, but then retreats WASHINGTON - The economy's bumpy road to recovery was vividly seen Thursday in a trio of reports: Demand to factories for big-ticket goods posted the best showing in six months, but new-home sales plummeted and unemployment claims hit a two-month high. Orders to U.S. factories for durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. - items expected to last at least three years - jumped by 3.3 percent in January, the first increase since October, the Commerce Department reported. A second report from the department, however, showed that sales of new, single-family homes plunged by 15.1 percent in January - the biggest decline in nine years. And the Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working said new claims for unemployment benefits rose by a seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. 11,000 last week to 417,000, a two-month high, suggesting that businesses are inclined to keep work forces lean. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion