BRIEFCASE NETSOL SUBSIDIARY PRESIDENT NAMED.Byline: - Staff and wire services CALABASAS - Netsol Technologies Inc. named Mark Caton president of its U.S. subsidiary Wednesday, almost four months after he joined the company. The Calabasas-based company also appointed Kirk Robertson to its new advisory board effective immediately. Robertson is an international business strategy adviser in Washington, D.C. Village Roadshow to pay producers BURBANK - Village Roadshow lost a 1 1/2-year, $30.5 million arbitration case Wednesday on claims including breach of contract. The studio, a subsidiary of the Australian Village Roadshow Limited, will pay producers Lance Hool and Charles Meeker. The pair settled with VRL VRL Vlaamse Reumaliga Vzw VRL Vijayanand Roadlines Ltd (India) VRL Virtual Research Library VRL Variance Residual Life VRL Vision Resources Library in 1996 over disagreements on production deals, but were unable to secure payment. Representatives of the studio were unavailable for comment. Time Warner offer stirs controversy Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. will start letting some of its customers pause live television and digitally record programs through a new set-top box that is similar to those sold by TiVo and ReplayTV. The decision seems at odds with the position of executives in other parts of the AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner empire who have expressed alarm at the expected impact of personal video recorders on broadcast networks that rely on advertising for revenue. Time Warner Cable, the nation's second-largest cable company, will offer the cable set-top boxes with digital video recorders by the end of summer in some markets, company officials said Wednesday. They said they have not yet determined where the service will be offered or at what price. Last week, Jamie Kellner, chairman of Turner Broadcasting System Turner Broadcasting System, Inc. (often abbreviated TBS Networks or TBS, inc.) is the company managing the collection of cable networks and properties started by Robert Edward "Ted" Turner from the mid-1970s to the late-1990s. , also owned by AOL Time Warner, said television viewers could face paying for channels they now receive at no cost if PVRs kill commercials. Troubled Vivendi chooses new CFO See Chief Financial Officer. PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. - Struggling media giant Vivendi Universal on Wednesday named Jacques Espinasse, head of a French satellite television channel, as its new chief financial officer. He replaces Guillaume Hannezo, who was retained on a six-month contract as a special adviser to Vivendi's new chairman and chief executive officer, Jean-Renee Fourtou. Hannezo left his post less than a week ago. Espinasse, chief operation officer of French satellite television channel TPS (1) (Transactions Per Second) The number of transactions processed within one second. TPS is a better rating for the performance of hardware and software than the common MHz and GHz rating of the computer. , had been tipped as Hannezo's most likely successor. He joins the company at a critical time. Debt-ridden Vivendi is negotiating a second round of short-term financing with its creditor banks, vital for its survival. Regulation deal zaps Capital One FALLS CHURCH, Va. - Credit card lender Capital One saw its shares lose 40 percent of their value Wednesday on word that the company had reached an informal agreement with regulators to exercise more caution when it solicits high-risk consumers for new cards. Shares of Capital One fell $20.11 to $30.48 each on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The bad day on Wall Street came one day after the company announced its 20th consecutive quarter of record earnings and raised its earnings guidance for the rest of the year. But the company also announced that it had entered into an informal memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with banking regulators after a routine audit. As a result, the company has agreed to set aside larger cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. for each new subprime customer it recruits. WorldCom seek breathing room NEW YORK - WorldCom Inc. sought to calm its creditors Wednesday by offering to promise not to sell any of its subsidiaries over the next 80 days, a move that a lawyer for the company said was an effort to buy breathing room. The company made the offer public, telling U.S. District Judge Jed S. Rakoff Jed S. Rakoff (born 1943) is a United States District Judge for the Southern District of New York.[1] Biography He was appointed on January 4, 1996, and entered on duty on March 1, 1996. of the deal between WorldCom and major creditors, an agreement that would halt the progress of a lawsuit against the company by 25 banks to recover $2.5 billion in loans. Officials at the banks said they were misled by the long distance and data systems giant, which recently disclosed it misstated nearly $4 billion in expenses as capital expenditures in a bid to appear more profitable. |
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