BRIEFCASE NEW CEO TO TAKE COMMAND AT IHOP.Byline: - Staff and Wire Services GLENDALE - Julia Stewart will succeed Richard Herzer as chief executive officer of IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain Corp., effective May 3, the restaurant chain announced Thursday. Herzer, 70, will stay on as IHOP chairman. Stewart, 46, joined IHOP in December, but has 30 years in the restaurant business. Executive resigns Health Net post WOODLAND HILLS - Health Net Inc. announced Thursday that Cora Tellez, president of Health Net's Health Plans Division, will resign her position effective April 30. Tellez joined Health Net in November 1998 as president and chief executive officer of the company's California health plan subsidiary, Health Net of California. In January 2000, Tellez became president of Health Net's Western Division, which included health plans in Arizona, California and Oregon. Easyriders loses spot on exchange AGOURA HILLS - Easyriders Inc., which filed for bankruptcy protection in July and is about to be liquidated, announced Thursday that it is being delisted from 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. as of May 6. The American Stock Exchange notified the company last week that it no longer complies with the exchange's continued listing guidelines with respect to deficient stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. and continued losses. The company, whose principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. is Paisano pai·sa·no also pai·san n. pl. pai·sa·nos also pai·sans 1. A countryman; a compatriot. 2. Slang A friend; a pal. Publications, said it does not intend to appeal the decision. Easyriders recently reported a net loss of $17.1 million on revenues of $28.3 million for the year ended Dec. 31, at which time the company had a stockholders' deficit of $28.4 million. Youbet.com adds wagering on races WOODLAND HILLS - Youbet.com Inc., the online live event and wagering company, announced Thursday that its nationwide online and phone network has begun accepting wagers on Hollywood Park racetrack Hollywood Park is a thoroughbred racecourse and poker cardroom located in Inglewood, California, USA, about 3 miles (5 km) from Los Angeles International Airport and next door to The Forum. History The track was opened in 1938 by the Hollywood Turf Club. . With the Triple Crown beginning May 4, customers will also be able to wager on all the action online and over the phone, which includes the Kentucky Derby Kentucky Derby One of the classic U.S. Thoroughbred horse races. It was established in 1875 and run annually on the first Saturday in May at Churchill Downs track in Louisville, Ky. With the Preakness and the Belmont Stakes, it makes up U.S. racing's coveted Triple Crown. , The Preakness and the Belmont Stakes, the company announced. Arthur Andersen proposal rejected Government prosecutors have rejected a proposal by Arthur Andersen that would have deferred the prosecution of the accounting firm, a lawyer for Andersen said Thursday night. Andersen had sent a letter to Leslie Caldwell, the head of the Justice Department's Enron task force, affirming its willingness to admit wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do as part of a deal to defer prosecution but declining to
make other concessions that the government had sought.
In its response, sent Thursday evening to Rusty Hardin, a lawyer for Andersen, the Justice Department rejected the proposal. Andersen's most recent proposal was said to contain most of what had been on the table last week. Only what people close to the talks described as procedural issues were holding up a deal. Tennessee group sues 4 big HMOs NASHVILLE, Tenn. - The Tennessee Medical Association sued the state's four biggest health insurers Thursday, alleging their managed care practices are threatening patients' health. The lawsuits, filed in Davidson County Chancery Court, name Aetna, Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Tennessee, CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) HealthCare and United HealthCare. The lawsuits claim that because managed care represents 75 percent of the health care market in Tennessee, doctors are forced into entering contracts that infringe on the doctor-patient relationship doctor-patient relationship, n in-teraction between a physician and a patient. and disrupt care. Airline negotiates tentative contract CHICAGO - United Airlines and the union representing 25,000 ground workers reached a tentative contract agreement Thursday after 28 months of negotiations, a spokesman for the carrier said. The tentative settlement would give many of the carrier's baggage handlers and customer service representatives their first raise since 1994, assuming they ratify the deal. |
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