BRIEFCASE LUXURY HOME COST ESCALATING IN L.A.Byline: - Staff and Wire Services Luxury home values climbed dramatically in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. in the first quarter of 2004 to set a record, 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. findings released Wednesday. According to First Republic's Bank's Prestige Home Index, average luxury home values in Los Angeles climbed to $1.66 million, surpassing the previous record set in 1990, and were up 17.9 percent and 7.3 percent compared with the first and fourth quarters of 2003, respectively. Luxury home values posted their fifth consecutive quarter of double- digit gains, with average values rising $252,000 compared with a year ago, according to the report. CHAD reports rise in sales, income CHATSWORTH - Medical device manufacturer CHAD Therapeutics Inc. reported an earnings turnaround Wednesday, reversing last year's fourth-quarter loss. Sales increased 14 percent, to $5.35 million from $4.7 million in the same period a year ago. Earnings per share of $209,000, or 2 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. , improved from a loss of $841,000, or 8 cents per share, in the like period. For the full year, sales increased to $21.5 million from $19.5 million in fiscal 2003. Earnings rose to $1 million, or 10 cents per share, compared with a loss of $433,000, or 4 cents per share, in the prior year. CHAD shares declined 11 cents, to $4.26, on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. on Wednesday after the release. California firms make BE 100s list Two dozen California-based firms are among the nation's leading African-American-owned businesses, according to a report out Wednesday. Overall, the 32nd annual BE 100s report by Black Enterprise magazine lists 280 businesses, which include 100 industrial/service companies, 100 auto dealerships, 65 financial service firms and 15 advertising agencies. Torrance-based Act-1 Group, a staffing and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. company, ranked No. 3 on the BE Industrial/Service 100 list and is California's highest-grossing black-owned company, reporting sales of $520 million in 2003, according to the magazine. New to the list is The Romar Group Inc., which recently acquired rights to the RyanKenny line of men's clothing. The Los Angeles-based apparel-design company reported 2003 sales of $90 million. Family Automotive Group jumped from No. 15 to No. 6 on the BE Auto Dealer 100. Based in Whittier, it is California's largest African-American-owned auto dealership, with annual sales of $227 million. Los Angeles-based Broadway Federal Bank FSB (FrontSide Bus) See system bus. FSB - front side bus ranked No. 8 on the BE Banks list with $230 million in assets. Golden State Mutual Life Insurance is California's largest African-American-owned insurance company, reporting $121 million in assets for 2003. 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. will launch channel in Spain CENTURY CITY - 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. , a unit of Metro-Goldwyn-Mayer Inc. and Media Park, S.A., announced on Wednesday an agreement to launch and distribute a localized MGM channel to subscribers across Spain beginning this summer. The channel will be dubbed in Castilian Spanish Castilian Spanish refers to some dialects of the Spanish language as spoken in Spain, also known as Spanish Spanish or Spanish from Spain. Although castellano . Media Park currently offers seven channels to Spanish multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple subscribers. Its existing ``Canalstar'' channel will be relaunched as the MGM Channel, which will allow it to reach a significant Spanish subscriber base from its first day, according to MGM. The MGM Channel in Spain will transmit from Media Park's facilities in Barcelona, presenting round-the-clock offerings from MGM's 4,000-title film library. |
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