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BRIEFCASE NURSES OK UNION REPRESENTATION.


Byline: - Staff and Wire Services

BURBANK - Nurses at Providence Saint Joseph Medical Center Providence Saint Joseph Medical Center is a hospital in Burbank, California, USA. The hospital has 455 beds, and is part of Providence Health & Services. It's adress is: 501 S. Buena Vista St., Burbank, CA 91505.  voted to unionize under the aegis of the Service Employees International Union Nurse Alliance, the National Labor Relations Board National Labor Relations Board (NLRB), independent agency of the U.S. government created under the National Labor Relations Act of 1935 (Wagner Act), and amended by the acts of 1947 (Taft-Hartley Labor Act) and 1959 (Landrum-Griffin Act), which affirmed labor's right  said Wednesday.

After a contested September election, the board recognized 274 votes for the union and 244 against. Though 28 challenged votes remain, the NLRB ruled that the union's margin of victory was secure, allowing it to represent the nurses.

Work under way on Agoura project

AGOURA HILLS - The J.H. Snyder Co., a Los Angeles-based developer, announced the start of construction Wednesday on Oak Creek Oak Creek, city (1990 pop. 19,513), Milwaukee co., SE Wis., a suburb of Milwaukee, on Lake Michigan; inc. 1955. Electronic, plastic, paper, metal, and concrete products; machinery; computers; chemicals; and transportation equipment are made there. , an $80 million mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses.  in Agoura Hills.

The project, which will combine residential units with retail, restaurants and an extended-stay hotel, is adjacent to the Ventura Freeway The Ventura Freeway is a freeway in southern California running from Ventura to Pasadena. It is the principal east-west route through Ventura County and in the southern San Fernando Valley in Los Angeles County. , near Kanan Road.

The Snyder Co. is developing 336 town home-style apartments spread across 19 acres and set around 11 acres of open space. Along the freeway frontage, the company will build 34,800 square feet of retail and restaurant space.

Snyder is negotiating with a hospitality firm to build a 104-room all-suites hotel concept on two acres.

The apartments will consist of 24 buildings, each with 14 units. They are slated to be ready for occupancy next fall.

As part of the development, the company is giving 2.6 acres to the city to allow for improvement of the nearby busy freeway interchange at Kanan and the 101.

Grumman buys Fibersense Corp.

CENTURY CITY - Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S.  Corp. said Wednesday that it bought Fibersense Technology Corp. from Boston private-equity firm Audax Group for $44 million cash.

Canton, Mass.-based Fibersense, which has about 140 employees, makes precision fiber-optic gyroscopes, inertial measurement units and sensor components. It will be integrated into Grumman's Woodland Hills-based navigation systems division.

In a press release, Northrop Grumman said it expects 2003 revenue from Fibersense to exceed $30 million.

Palm turnaround shocks analysts

SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  - In an eye-opening turnaround fueled by the early success of its new product lineup, handheld computer A computing device that can be easily held in one hand while the other hand is used to operate it. The Palm devices are a popular example. See Palm, smartphone and palmtop.  maker Palm Inc. reported a second-quarter profit of $3.5 million Wednesday, whipping analysts' expectations by 27 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.
.

For the three months ended Nov. 29, Palm said, it earned $3.5 million, or 12 cents per share. For the same period a year earlier, Palm posted a loss of $25.2 million, or 89 cents per share.

The Milpitas-based company's revenues for the second quarter were $264.9 million, down 9 percent from the $290.5 million reported during the year-ago period. Palm's earnings were adjusted for the 1-for-20 reverse stock split effective Oct. 15.

The company said it would have earned $6.8 million were it not for restructuring costs, including those associated with separating the company's hardware and software businesses. Analysts predicted Palm would lose $1.26 million, or 15 cents per share, as it looks to stay ahead of aggressive competition from other pen-based computer pen-based computer, computer that uses pattern-recognition software to enable it to accept handwriting as a form of input. A stylus, which may contain special electronic circuitry, is used to write on the computer display or on a separate tablet.  makers, including a growing legion of devices running Microsoft's Pocket PC operating system operating system (OS)

Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs.
.

Blockbuster hit on low forecasts

DALLAS - Shares of Blockbuster Inc., the nation's largest video-rental chain, fell 32 percent Wednesday after the company lowered its fourth- quarter and full-year sales forecasts.

The company now expects a revenue percentage increase in the ``low-single-digit range'' vs. the ``low- to mid-teen range'' previously forecast for the fourth quarter.

Trade deficit falls due to dock battle

WASHINGTON - The U.S. trade deficit declined to $35.1 billion in October, the best showing since March, but the improvement reflected disruptions caused by the West Coast dock dispute rather than any fundamental improvement in the country's trade performance.

The Commerce Department reported Wednesday that the October trade deficit fell by 5.5 percent from the September deficit of $37.1 billion, which had been the second-highest ever after a record $38.1 billion deficit in August.

The huge deficits in those two months occurred as shippers rushed to get goods into the country ahead of the deadline for resolving the dock workers' labor dispute.
COPYRIGHT 2002 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Dec 19, 2002
Words:661
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