BRIEFCASE ONSTAFF LINKS DEAL WITH AUTOMAKER.Byline: - Staff and Wire Services BURBANK - OnStaff Inc. announced Monday a multiyear staffing contract with Hyundai Motor Finance Co. that is expected to produce ``significant revenue'' for Burbank-based OnStaff. OnStaff will provide employees to a number of Hyundai's corporate departments, including, but not limited to, collections, customer service, repossession The taking back of an item that has been sold on credit and delivered to the purchaser because the payments have not been made on it. For example, if an individual fails to render prompt payments on a new car, the car might be subject to repossession by the finance company, , bankruptcy, title and accounts payable. OnStaff is a specialty staffing company that recruits and places skilled temporary, temp-to-hire and permanent employees in niche positions within the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Drug company to repurchase stock Los Angeles-based American Pharmaceutical Partners Inc. authorized a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program of up to $38 million in publicly and privately held shares. In a press release Monday, the drug company said it has already bought back the 2.9 million common shares held by Premier Purchasing Partners, a group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. representing about 1,600 U.S. hospitals. American Pharmaceutical's existing supply contracts with Premier aren't affected by the stock transaction. Investor obtains block of L.A. firm United Leisure Corp. announced Monday its United Internet Technologies subsidiary executed an agreement to sell a $25 million block of common stock to a German investor. The stock will be purchased by Dr. Andreas Ohle at 50 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. . The transaction is subject to certain conditions, including the increase of Los Angeles-based United Leisure's authorized common stock to 100 million shares. Short-term T-bill rates rise Monday WASHINGTON - Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury Department sold $16 billion in three-month bills at a discount rate of 1.680 percent, up from 1.660 percent last week. An additional $16 billion were sold in six-month bills at a rate of 1.690 percent, up from 1.675 percent. Both the three-month and six-month rates were the highest since July 8 when the bills sold for 1.695 percent and 1.735 percent, respectively. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , fell to 1.88 percent last week from 1.97 percent the previous week. AT&T, 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. delay Time Warner deal NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - AOL Time Warner Inc. and AT&T Corp. have decided to suspend, at least temporarily, the registration process for AT&T's stake in Time Warner Entertainment partnership. 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. stories posted by The New York Times and The Wall Street Journal on their Web sites Monday night, the two companies want to pursue negotiations for an alternative deal aimed at ``unwinding the partnership.'' Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. ties to Enron probed WASHINGTON - Congressional investigators are examining now-bankrupt Enron Corp.'s ties with Merrill Lynch & Co., saying the nation's biggest brokerage firm knowingly participated in deals that Enron used to mask its true financial condition. The Justice Department is investigating one of the transactions in question, in which Enron sold an interest in barges in Nigeria to an offshore company established by Merrill Lynch, according to the brokerage and Senate sources. At issue is whether the transaction allowed Enron to artificially inflate its profits, the sources said Monday, speaking on condition of anonymity. One Merrill Lynch official who was asked to testify at a Senate hearing today is invoking his Fifth Amendment privilege and refusing to answer questions, his attorney has notified the investigative panel of the Senate Governmental Affairs Committee. |
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