BRIEFCASE LOCAL SHOP AMONG PEP BOYS CLOSURES.Byline: - Staff and Wire Services VAN NUYS - A Van Nuys Pep Boys was one of 33 stores nationwide that closed Thursday as part of a restructuring that will eliminate 860 jobs and save the company $11 million a year. About 700 store employees will lose their jobs because of the store closings, which amount to about 5 percent of Pep Boys' 629 stores. An additional 160 corporate employees will be laid off to streamline management structure, the company said. The restructuring is the first major announcement under new chief executive Lawrence Stevenson, who was appointed in May. The Van Nuys store at Van Nuys Boulevard and Saticoy Street accepted its last cars for repair Thursday morning. Current repair work will continue, but new customers have been directed to the Panorama City location at Van Nuys and Chase Street. Most employees will be transferred to other area shops. FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. widens scope of Amgen's Enbrel THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Amgen Inc. and Wyeth Pharmaceuticals said Thursday that U.S. regulators have expanded the scope of treatment for arthritis drug Enbrel. The Food And Drug Administration has approved Enbrel to improve physical function in patients with moderately to severely active rheumatoid arthritis rheumatoid arthritis Chronic, progressive autoimmune disease causing connective-tissue inflammation, mostly in synovial joints. It can occur at any age, is more common in women, and has an unpredictable course. . The chronic disease affects more than two million Americans. Car buyers spend more time online WESTLAKE VILLAGE - The rate of growth of Internet usage by buyers shopping for a used car has leveled off, but those who use the medium for that purpose are spending more time online, 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. a study released Thursday. The J.D. Power and Associates study found that the average amount of time spent by automotive Internet users shopping for a used vehicle online climbed 15 percent - from 4.8 hours in 2002 to 5.5 hours in 2003. Forty-seven percent of used-vehicle buyers used the Internet during the shopping process in 2003, which is unchanged from 2002 levels. Those shoppers visit an average of 10.5 sites throughout the online shopping process, concentrating more on independent sites than on manufacturer or dealer sites. The study showed that 53 percent of used-vehicle buyers visit the Kelley Blue Book site - more than any other site. But AutoTrader.com continues to gain in popularity among used-vehicle buyers. MGM Networks MGM Networks is a subsidiary of Metro-Goldwyn-Mayer Studios, Inc. It manages MGM interests in cable television, satellite television, other television channels and services that reach nearly 120 countries and territories. signs Asia accord MGM Networks, a unit of Metro-Goldwyn-Mayer Inc., announced Thursday that it has entered into a strategic alliance with CNBC Asia CNBC Asia is a business news channel in Asia. A subsidiary of NBC Universal, it is the Asian service of Consumer News and Business Channel (CNBC). It is broadcast from Singapore and Hong Kong. History CNBC Asia launched in 1995. Pacific to launch and market the MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. channel to subscribers across key markets in Asia. MGM Networks and CNBC Asia Pacific will target the launch of the channel for later this year. The channel will be broadcast in English, and will carry Mandarin language the spoken or colloquial language of educated people in China. See also: Mandarin subtitling. MGM and CNBC Asia Pacific are exploring several distribution opportunities in the region. SPD (Serial Presence Detect) The method used by DIMM memory modules to communicate their capacity and features to the computer. Data such as manufacturer, size, speed, voltage and row and column addresses are stored in an EEPROM chip on the module. now owner of Sonic Foundry CULVER CITY - Sony Pictures Digital Sony Pictures Digital, first known as Columbia TriStar Interactive, then Sony Pictures Interactive Network (or SPiN), is known as the digital website interactive creator for Sony Pictures Entertainment (SPE) that was established in 1997. acquired all of Sonic Foundry Inc.'s desktop software products and related assets for $19 million in cash, it was announced Thursday. SPD also will provide certain other considerations and will assume certain trade payables, accrued liabilities and capital leases associated with the desktop software business. The closing of the transaction follows the approval from Sonic Foundry stockholders Wednesday at the company's annual meeting. Sony Pictures Digital plans to maintain the desktop software products business in Madison, Wis. About 70 former Sonic Foundry employees will be working for Sony Pictures Digital out of Sonic Foundry's former facilities on Sherman Avenue. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion