BRIEFCASE IRIS ANNOUNCES NEW NAME PLANS.Byline: - Staff and Wire Services CHATSWORTH - International Remote Imaging Systems Inc. announced plans Wednesday to change its name to IRIS International Inc. The company that specializes in urinalysis urinalysis (y  r'ənăl`ĭsĭs), clinical examination of urine for the purpose of medical diagnosis. said it has reached a
number of milestones and a new name would be a natural step for the
Chatsworth- based company.
The name change is subject to shareholder approval. More mortgages are 30 days late WASHINGTON - More homeowners were behind on their mortgage payments in the last quarter as job losses put a strain on some households' budgets. The 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. percentage of mortgage payments 30 or more days past due for all home loans rose to 4.62 percent in the April to June quarter, up sharply from 4.52 percent in the first three months of this year, the Mortgage Bankers Association of America reported Wednesday in its quarterly survey. The survey covers roughly 34 million mortgage loans. The second quarter's delinquency rate was the highest since the third quarter of 2002, when the delinquency rate was 4.66 percent. The delinquency rate does not include loans that are in the process of foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. . Paper maker will cut 3.5% of jobs STAMFORD, Conn. - International Paper Co. plans to cut about 3,000 jobs, or about 3.5 percent of its work force, in the next year to help improve profits, a company spokeswoman said Wednesday. The company has been discussing the work force reductions with its employees in the past week, said Jenny Boardman, an IP spokeswoman. It employs about 86,500 people overall. The reductions will primarily affect salaried personnel throughout the company, including cuts at the Stamford headquarters and about 450 positions in Memphis, Tenn. A small portion of the job cuts will be achieved from attrition, but most will be from layoffs, she said. The company will provide severance packages and help finding a new job, Boardman said. Sprint names new president, 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. KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. - The chief of Sprint Corp.'s wireless division is taking over as the president and 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. of the telecommunications firm, a move that Sprint called a major step in its restructuring effort. Overland Park Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan.-based Sprint is reorganizing its operations around two market segments: business and residential customers. The company currently is organized 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. products: local telephone services, long-distance voice and data services, and wireless. As president and chief operating officer, Len Lauer, 46, will lead Sprint's sales, marketing and customer care operations, directing their transformation to serve the two market segments. Lauer will continue to serve as head of Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. . 3Com to cut third of its work force MARLBORO Marlboro or Marlborough (märl`bərō), city (1990 pop. 31,813), Middlesex co., E Mass.; settled on the site of a Native American village 1657, inc. as a city 1890. , Mass. - 3Com Corp. expects to reduce its work force by about 1,000 jobs as it hires others to handle all its manufacturing and distribution and closes a plant in Dublin, Ireland, to save money and improve efficiency. The job cuts disclosed Wednesday represent almost a third of the networking products company's most recently reported work force of 3,300, the figure listed in the company's May quarterly report. The company began sending out layoff notices on Wednesday to employees, who are mostly in manufacturing and distribution. The company plans to close its Dublin manufacturing facility by the end of next February. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion