BRIEFCASE MOHAN NEW CEO, PRESIDENT AT IRIS.Byline: - Staff and Wire Services CHATSWORTH - International Remote Imaging Systems announced Monday that it has named Kshitij Mohan as the company's new president and chief executive officer effective Monday. Dr. John A. O'Malley, who has been serving as president and chief executive, will continue in his role as chairman of the board. During the first quarter of 2003, he will assist Mohan in rolling out the Chatsworth-based company's new product platform. Gas prices rise after 6-week slide Gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices have broken a six-week downward trend, 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 weekly report released Friday by the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. . The average price of self-serve regular unleaded gasoline in the 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. area was $1.561 per gallon gallon: see English units of measurement. Friday, which is 3.5 cents higher than last week's price, 1.2 cents lower than last month and 56.7 cents higher than last year. Blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. hit by Disney lawsuit BURBANK - The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. has sued Blockbuster Inc., claiming the nation's largest movie rental business cheated it out of more than $120 million. The breach-of-contract suit, filed Tuesday in federal court on behalf of Disney's Buena Vista Home Entertainment, claims Blockbuster used shady accounting, sold videotapes prematurely and failed to account for hundreds of thousands of missing videotapes under a 1997 revenue-sharing agreement. Blockbuster ended the agreement at the end of 2001. An attorney for Blockbuster disputed the claims Friday. Vehicle sales drop 4% in December DETROIT - The top three U.S. automakers posted a 4 percent drop in sales last year after a robust 2001, but all had strong business in December thanks to attractive financing deals and other incentives. No. 1 General Motors Corp. said Friday it sold 4.78 million cars and trucks in 2002, down 1 percent from 2001's 4.8 million. No. 2 Ford Motor Co. was off 10 percent for the year, while DaimlerChrysler AG's Chrysler Group had a 3 percent decline in total sales. Home building hits all-time high WASHINGTON - Construction spending Construction Spending An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at rose by 0.3 percent in November, the third consecutive monthly increase, as low interest rates propelled home building to an all-time high, the Commerce Department reported Friday. Spending on construction projects totaled $843.2 billion at an annual rate in November, up from an annual rate of $840.5 billion in October. The November increase followed an even stronger gain of 1 percent in October. |
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