BRIEFCASE GELSON'S PROFITS FROM GROCER STRIKE.Byline: - Staff and Wire Reports The parent company of Gelson's Markets reported Monday that first- quarter sales increased 47.8 percent compared with the year-ago period because of the strike involving other supermarket chains. The labor dispute between United Food and Commercial Workers The United Food and Commercial Workers International Union is a labor union representing approximately 1.4 million workers in the United States and Canada in many industries, including agriculture, health care, meatpacking, poultry and food processing, manufacturing, textile and Union and other supermarkets in the company's trade area contributed to the majority of the sales increase in the quarter ended April 3, company officials said. The labor dispute was settled on Feb. 29. The following month, employees of the company's 18-market Gelson's subsidiary who are members of the UFCW UFCW United Food and Commercial Workers ratified a new labor contract on terms similar to those reached by the other supermarkets. During the first quarter, operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. increased 219.4 percent over the first quarter of 2003. Mortgage lender loans $55 billion CALABASAS - Countrywide Financial Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. Corp. reported today that its pipeline of loan applications-in-process was $55 billion in April, down 5 percent from the previous month. Average daily application volume exceeded $2 billion for the second consecutive month, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. Loan fundings rose 11 percent over last month to $36 billion, because of the strong ending pipeline in March, but were down 15 percent over the same month last year. Year-to-date fundings reached $112 billion. Monthly purchase fundings reached a record high of $14 billion, an increase of 45 percent over the same month last year, bringing year-to-date purchase volume to $46 billion. Kaplan renames career colleges Kaplan Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. announced Monday it is renaming its 15 proprietary career colleges in the state to Maric College. Schools joining the Maric College network include: CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) College branches in Panorama City, Los Angeles, Anaheim, Lake Forest, Pomona, Irwindale and Carson, and Modern Technology College in North Hollywood. Maric's original San Diego and North County campuses provide students with a variety of programs, including associate degrees in Network Engineering Technology and Paralegal Studies. |
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