BRIEFCASE K-SWISS TO END PARTNERSHIP.Byline: - Staff and Wire Services WESTLAKE VILLAGE - K-Swiss Inc. will end its partnership with National Geographic Society National Geographic Society U.S. scientific society founded in 1888 in Washington, D.C., by a small group of eminent explorers and scientists “for the increase and diffusion of geographic knowledge. to develop and market speciality footware, the shoemaker announced Monday. K-Swiss had set aside $4.3 million in expected royalty payments that would have been paid to the magazine through 2005, $2.3 million of which will return to the company in the fourth quarter of 2003. As such, financial results for the quarter will include a 3 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. after-tax benefit. ``National Geographic and K-Swiss have amicably agreed to dissolve their partnership for branded footwear,'' Steven Nichols, K-Swiss' chairman and president, said in a statement. ``Although the initial reaction to the National Geographic line was well received by retailers and media, it turned out that attempting to implement this business strategy in the post-9/11 retail marketplace proved to be unfortunately timed.'' Urbanowicz named Tenet head counsel SANTA BARBARA - Tenet Healthcare Corp. said Monday that E. Peter Urbanowicz has been named Tenet's general counsel, effective immediately. Urbanowicz, 39, will be responsible for leading all of Tenet's legal activities at the corporate, regional and hospital levels. He will report to Trevor Fetter, president and chief executive officer. Since 2001 he has been the deputy general counsel of the U.S. Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS . Stock exchange disclosure sought 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 - Some of the New York Stock Exchange's seat holders are calling for public disclosure of a report the exchange plans to give its new board this week on how ex-chairman Dick Grasso became Wall Street's $187.5 million man. The report may provide grounds for asking Grasso to repay some of his millions. It looks closely at what led the previous board to agree to Grasso's extraordinary employment contract. The document being compiled by former federal prosecutor Dan K. Webb contains some details that might be considered embarrassing, according to interim NYSE NYSE See: New York Stock Exchange chairman John S. Reed For other persons of the same name, see John Reed. John Shepard Reed (born 1939) is the former Chairman of the New York Stock Exchange. He previously served as Chairman and CEO of Citicorp, Citibank, and post-merger, Citigroup. , and might even support a legal action. ``What does that report show that none of us have seen?'' asked Muriel Siebert, a seat holder since 1968 who runs a discount brokerage. ``If it shows everything was above board, well the NYSE board made a mistake. But if there was any malfeasance The commission of an act that is unequivocally illegal or completely wrongful. Malfeasance is a comprehensive term used in both civil and Criminal Law to describe any act that is wrongful. to it, I think Dick Grasso owes us some money.'' Bankruptcy judge approves bailout SAN FRANCISCO - A federal bankruptcy judge approved California's multibillion-dollar bailout of Pacific Gas and Electric on Monday, clearing the way for the state's largest power utility to complete a dramatic reversal of fortune. U.S. Bankruptcy Judge Dennis Montali confirmed PG&E's reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. after several hours of legal wrangling over mostly administrative matters. The order signed Monday largely adopted a settlement approved by the California Public Utilities Commission The California Public Utilities Commission (CPUC; also often commonly referred to as simply the PUC) [1] is a state Public Utilities Commission which regulates privately-owned utilities in the state of California, including electric power, last week in a contentious 3-2 vote. |
|
|||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion