BRIEFCASE IHOP UP ITS SHARE REPURCHASE TOTAL.Byline: - Staff and wire reports GLENDALE - Restaurant operator IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain Corp. announced Monday that its board of directors approved a 1 million share increase in the company's stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. Since January 2003, the pancake flipper See DualDisc. has repurchased 2.1 million shares out of a total previous authorization of 2.6 million shares by the end of the third quarter 2004. The Glendale-based company said its repurchase authorization reflects IHOP's confidence in its ability to generate significant cash flow. StereoVision ster·e·o·vi·sion n. Visual perception of or exhibition in three dimensions. CFO See Chief Financial Officer. gets promotion VAN NUYS - StereoVision Entertainment Inc. announced Monday that its board of directors voted unanimously to appoint the company's chief financial officer as president 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. , effective immediately. Theodore P. Botts spent 25 years on Wall Street, both with Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , where he was a managing director in corporate finance. Treasury bill rates mixed at auction WASHINGTON - Interest rates on short-term Treasury securities were mixed in Monday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 2.200 percent, down from 2.210 percent last week. An additional $17 billion was sold in six-month bills at a rate of 2.425 percent, up from 2.380 percent. The three-month rate was the lowest since Nov. 29, when the bills sold for 2.195 percent. The six-month rate was the highest since Sept. 17, 2001, when the rate was 2.570 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, a popular index for making changes in adjustable rate mortgages, fell to 2.60 percent last week from 2.62 percent the previous week. Auto paint shop has quarter profit SHERMAN OAKS - Earl Scheib Inc. swung to a second-quarter profit Monday after the car painter stopped operating eight body shops in the last year. Net income for the second quarter was $21,000, about one cent a share, compared with a net loss of $424,000, or 10 cents a share, for the same period a year ago. Sales for the second quarter were $12.4 million, a decrease of 3.2 percent from the second quarter of the previous year. Tekelec financial chief leaving firm CALABASAS - Telecommunications provider Tekelec said Monday that its chief financial officer will resign Jan. 31 to take on the same position at Digital Insight, a provider of online banking applications. Paul Pucino has been with the Calabasas-based company for more than four years. Tenet expecting losses to widen 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 - Hospital operator Tenet Healthcare Corp. said its fourth- quarter loss from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the will widen from the third quarter as the company feels pressure from weak patient volumes and high levels of bad debt. Tenet, which is one of the nation's largest hospital chains, also said Monday it doesn't expect its 2005 results from continuing operations to exceed break-even. Boeing raises its quarterly dividend CHICAGO - Defense and aerospace giant Boeing Co. raised its quarterly dividend for the second time this year, citing its strong operating performance. The new 25-cent dividend, up 25 percent from 20 cents, is payable March 4 to shareholders of record on Feb. 11. Boeing on Monday credited the increase to its improving outlook and excellent cash generation. |
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