BRIEFCASE GREEN LIGHT GIVEN TO BLUELIGHT DEAL.Byline: - Staff and Wire Services WESTLAKE VILLAGE - United Online Inc.'s purchase of Bluelight.com's assets can proceed unfettered, a federal bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. judge ruled Wednesday. The operator of NetZero and Juno had won an $8.4 million auction for the assets of the Kmart 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. , but was held up by objections raised by Microsoft Corp., J.P. Morgan Chase and several states. The court overruled the attempts to block the sale, allowing United to pick up Bluelight's 165,000 subscribers without a hitch. IMAX IMAX Noun a film projection process that produces an image ten times larger than standard to install 3D theater in county SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, - The IMAX Corp. announced Wednesday that it will install its 3D theater systems at five theaters nationwide, including the one at the Town Center Drive multiplex. The Imax at Edwards Theatre Circuit Inc.'s Grand Palace multiplex closed its doors a little more than one year ago, as part of Edwards' bankruptcy- related restructuring. At the time of the closure, Edwards officials said moviegoers didn't want the high-tech specialty films that Imax is known for, including the three-dimensional screen tours offered by ``Galapagos'' and ``Everest.'' Harman's investors enjoy 93% increase WASHINGTON - Harman International Industries Harman International Industries is an international audio equipment company. Brands
Sales for the audio-equipment maker, which has a substantial presence in Northridge, climbed to $490.8 million, up from $399 million a year ago. Investors enjoyed a 93 percent increase in earnings per share, with the company bringing in 29 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. this year, up from 15 cents a year ago, on earnings of $9.8 million this year, climbing from $5 million last year. Levi Strauss' new line at Wal-Mart SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Seeking to win back bargain-minded shoppers, slumping jeans maker Levi Strauss & Co. on Wednesday unveiled a discount clothing line that will be sold by Wal-Mart Stores next year. Levi's new Signature brand represents the San Francisco-based company's long-awaited attempt to appeal to a fast-growing consumer segment with frugal fashion tastes. Shoppers buy nearly one-third of their clothes at Wal-Mart, Target and other discounters, a trend that forced Levi's to expand beyond the department-store business that has generated most of its sales. Levi's hopes to sell the Signature clothes in other discounters besides Wal-Mart. Levi's previous refusal to sell its jeans in discount chains contributed to the company's steadily declining sales since 1996. Levi's sales this year will total about $4 billion, down from a peak of $7.1 billion six years ago. Amazon.com to sell clothing on the Net NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - The king of online sales of books, DVDs and many other items now wants to be the place to shop for new jeans and sweaters. Amazon.com is expected to launch an apparel store as early as this week, in partnership with more than a dozen companies, including Eddie Bauer, Nordstrom, Gap and Old Navy, according to a source familiar with the venture. The move comes at a time of increasingly strong growth for online apparel, one of the biggest categories in e-commerce. And it's occurring as two behemoth behemoth (bē`hĭmŏth, bĭhē`–) [Heb.,=plural of beast], large, fanciful primeval monster, like Leviathan, evoking the hippopotamus mentioned in the Book of Job. retailers - Wal-Mart Stores Inc. and Kmart Corp. - are looking to bring back apparel on their Web sites. Citigroup creating new research unit NEW YORK - Citigroup is separating its stock research from its investment banking operation in a move aimed at eliminating potential conflicts of interest, which are under investigation by securities regulators and the New York attorney general. Citigroup said Wednesday that it is creating a new unit, to be called Smith Barney, which will include both equity research and its retail brokerage business. The unit will be led by Sallie L. Krawcheck, 37, who currently is chairwoman and chief executive officer of the independent research firm Sanford C. Bernstein. She will report directly to Citigroup Chairman and 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. Sanford I. Weill Sanford I. Weill, commonly known as Sandy Weill (born March 16 1933) is a banker, financier and philanthropist. He was formerly the chief executive officer and chairman of Citigroup Inc. He served in those positions until October 1 2003 and April 18, 2006 respectively. . |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion