BRIEFCASE PRESIDENT NAMED FOR DOLE FLOWERS.Byline: - From Staff and Wire Services WESTLAKE VILLAGE - Dole Food Co. on Tuesday said it has named John T. Schouten as president of Dole Fresh Flowers. Schouten has been with the Westlake Village-based fruit growers since 1985. In his new position, Schouten will report directly to Lawrence Kern, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Dole Food Co. PacifiCare lowers earnings forecast SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. - PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. Inc. on Tuesday announced it is lowering its earnings-per-share goals for the second quarter ending June 30 and the rest of 2002. The company now expects earnings per share of 85 to 88 cents for the second quarter, compared with previous goals of 90 to 93 cents. For 2002, PacifiCare expects earnings to range from $3.37 to $3.47 per share, compared with the $3.55 to $3.65 it previously expected. The new figures reflect the impact of higher interest expense and a one- time writedown on bank fees resulting from the sale of $500 million of notes due June 2009. Gap CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. leaving, calls job too broad 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 - Gap Inc. President and Chief Executive Officer Millard S. Drexler on Tuesday announced his plans to retire after the board of directors selects a successor. ``I've always loved being close to merchandise, customers and the creative parts of our business. In a company the size of ours, the broader demands of being CEO have pulled me away from the things I'm most passionate about,'' Drexler said in a statement. ``The time is right for me to move on, and for the company to bring in new leadership to take the business forward.'' Gap shares fell 33 cents, or 2 percent, to close at $16 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. before Drexler's announcement, and then plunged more than 6 percent to $14.95 in after-hours trading after-hours trading The trading of securities after the exchanges are closed. After-hours trading often refers to trading a listed security in the over-the-counter market after the exchanges have been closed for the day. . Baby stroller toys subject to recall WASHINGTON - A Chicago company is recalling about 17,000 toy steering wheel attachments sold with strollers because small pieces can come off, posing a choking hazard to young children. Kolcraft Enterprises Inc. has not received any reports of injuries, the Consumer Product Safety Commission said Tuesday. The toy steering wheel was sold on Kolcraft's Jeep Cherokee Jeep Cherokee can refer to five different SUV models produced by Jeep from 1974 to the present:
The safety commission said consumers should remove the toy steering wheels from these strollers. Consumers can receive a free replacement wheel by calling Kolcraft at (800) 453-7673. No order to shred, accountant says HOUSTON - An Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol accountant testified Tuesday her boss stressed he wasn't telling employees to ``shred a bunch of documents'' when he reminded them of the firm's records retention policy during a hastily called meeting last autumn. Patricia Grutzmacher, 32, said her ultimate superior on the Enron Corp. audit team, David B. Duncan, stressed to workers on Oct. 23 they should follow the policy, which calls for the destruction of extraneous or redundant material. NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. exec Sassa to become adviser NBC will announce today that Scott Sassa, who has led the network's West Coast division for four years, will leave that post in June to become a special adviser to the NBC chairman, Bob Wright, senior NBC executives said Tuesday. Without specifying what exact role Sassa will play, one senior NBC executive said his initial job would be to investigate all aspects of NBC's investment in Paxson Communications Corp. Sassa said he would have no comment on the possibility of his changing positions within NBC. NBC also declined to make any official comment. |
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