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BRIEFCASE HEMACARE TO HALT DONOR PAYMENTS.


Byline: - Staff and Wire Services

WOODLAND HILLS - HemaCare Corp. said Monday that California's Legislature failed to act on a proposed bill that would allow the company to continue paying platelet donors beyond Jan.1, 2003.

As a result, HemaCare will discontinue paying platelet donors in California and the distribution of platelets from paid donors to California hospitals, effective Dec. 31, 2002.

Platelet donations account for about a third of the Woodland Hills-based company's revenues.

HemaCare shares declined 13 cents, or 17.8 percent, to close at 60 cents Monday.

Countrywide has services group

CALABASAS - Financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 company Countrywide Credit Industries has formed a new senior management group called the Institutional Mortgage Services Group, the company announced Monday.

The new management group will bring three Countrywide units - the Correspondent Lending Division of Countrywide Home Loans Inc., closing services provider LandSafe Inc. and Countrywide Warehouse Lending Inc. - under one management umbrella to provide coordinated services and product packages to Countrywide's institutional business partners, including thousands of banks, credit unions and other financial entities.

NYPD NYPD New York City Police Department (since 1845; New York City, NY, USA)
NYPD New York Play Development
 buys first Teledyne system

Los Angeles-based Teledyne Technologies Inc. announced Monday that its engineering subsidiary received the first order for its WaterSabre disaster response system from the New York Police New York Police may refer to:
  • New York City Police (NYPD)
  • New York State Police
  • Port Authority Police(PAPD)
 Department.

NYPD is the nation's first law enforcement agency Noun 1. law enforcement agency - an agency responsible for insuring obedience to the laws
FBI, Federal Bureau of Investigation - a federal law enforcement agency that is the principal investigative arm of the Department of Justice
 to place an order for the new product, which is designed to investigate and neutralize suspected explosive devices.

The system enables the operator to control the robot from a distance up to 1,300 feet. Cameras mounted on the robot provide a view of the cutting process as well as investigation of suspected explosive or hazardous devices.

Gemstar faces Nasdaq delisting

PASADENA - Pasadena-based Gemstar-TV Guide International Gemstar-TV Guide International, Inc. is a media company that licenses interactive program guide technology to multichannel operators, such as cable and satellite television providers, and consumer electronics manufacturers, video recorder scheduling code under brands such as VCR  Inc. announced Monday that it received notification that its securities are subject to delisting from the Nasdaq Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
.

The company received a Nasdaq staff determination indicating that it has not complied with Nasdaq Marketplace Rule 4310(c)(14) by failing to file its Form 10-Q Form 10-Q

See 10-Q.
 for the period ended June 30 on a timely basis.

Fitch downgrades Disney Co.'s debt

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
 - Credit-rating agency Fitch Inc. downgraded The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966)
Disney, Walter Elias Disney
 Co.'s debt Monday, citing poor cash flow and heavy debt.

Fitch lowered Disney's senior unsecured debt Unsecured debt

Debt that does not identify specific assets that the debtholder is entitled to in case of default.
 of about $14 billion to triple-B-plus from single-A-minus.

Disney said Monday that the downgrade reflected short-term business conditions and that it remains optimistic about its long-term prospects.

The company has worked to reduce its debt levels sharply this year and is comfortable with its ability to handle its obligations, a Disney spokesman said.

Treasury bill rates mixed at auction

WASHINGTON - Interest rates on short-term Treasury securities were mixed in Monday's auction.

The Treasury Department sold $15 billion in three-month bills at a discount rate of 1.630 percent, unchanged from the previous week. An additional $14 billion was sold in six-month bills at a rate of 1.635 percent, up from 1.630 percent.

The six-month rate was the highest since July 29 when the rate was 1.690 percent.

In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 1.81 percent last week from 1.76 percent the previous week.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Aug 27, 2002
Words:540
Previous Article:FROGS NOT ON LAST LEGS?
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