BRIEFCASE REGION GAS PRICES DOWN FOR 4TH WEEK.Byline: - Staff and Wire Services Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, gasoline prices fell this week for the fourth consecutive week, thanks to ample supplies and lower post-summer demand, the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. reported Friday. The average price of self-serve regular unleaded gasoline in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area was $1.582 per gallon - 1.4 cents less than last week, 5 cents less than last month and 2 cents more than last year, according to the Auto Club. Disney fears spur cut in credit rating 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 - Standard & Poor's said Friday it lowered the credit rating of The Walt Disney Co. one notch because of worries the media giant's earnings will be crimped crimped said of grain that has been passed through corrugated rollers after previous exposure to moist heat so that the grain is fractured but there is a minimum of dust. for at least a year. The securities rating agency said it downgraded Disney's long-term corporate credit to triple-B-plus from single-A-minus because of expectations that earnings will ``recover more gradually than management's previous guidance had indicated.'' Earlier this week, Disney Chairman and Chief Executive Michael Eisner said the Burbank company should see ``strong, double digit'' growth in earnings per share in fiscal 2003. The credit-rating downgrade brings the company's long-term bonds down to medium investment quality from high-medium investment quality, with a higher element of risk. The move follows an Aug. 26 downgrade by Fitch Investors Service Fitch Investors Service A financial services company best known for the bond ratings it provides investors. Inc. of Disney's senior unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. to triple-B-plus from single-A-minus. Robb magazine to focus on home MALIBU - CurtCo Robb Media's latest venture will hit stands next week, with the debut Tuesday of Robb Report Home Entertainment & Design. The bimonthly bi·month·ly adj. 1. Happening every two months. 2. Happening twice a month; semimonthly. adv. 1. Once every two months. 2. Twice a month; semimonthly. n. pl. publication will highlight home theater, architecture, interior design and automated systems for the super-premium market. Available at newsstands, the glossy magazine will have a print run of 100,000 copies per issue. Rexhall to keep listing on Nasdaq LANCASTER - Motor home manufacturer Rexhall Industries Inc. announced Friday that the Nasdaq Listing and Hearing Review Council has agreed to continue listing the company on its exchange. The trading symbol Trading symbol See: Ticker symbol was changed Friday to REXLE. Rexhall had been under review since announcing last August that it would have to restate first-quarter results as a result of accounting errors. The company said an independent audit found no other errors were found. FTC FTC See Federal Trade Commission (FTC). allows cruise firms to woo rival WASHINGTON - Federal regulators said Friday that Carnival Corp. and Royal Caribbean Cruises Ltd. can pursue their competing bids to buy P&O Princess Cruises PLC. The Federal Trade Commission voted 3-2 late Friday to close its antitrust investigations of the two proposed deals. ``The proposed transactions will not adversely affect consumers,'' the FTC said. Jennifer de la Cruz de la Cruz is a common surname in the Spanish language meaning 'of The Cross.'
The other cruise companies did not immediately return calls seeking comment Friday. In June, European regulators cleared Carnival's $5.5 billion bid and Royal Caribbean's $3.7 billion offer. Carnival and Royal Caribbean, both based in Miami, are Nos. 1 and 2 in the cruise market. London-based P&O Princess is No. 3. Boeing's charges total $250 million CHICAGO - Declining aircraft values as a result of the longer-than-expected aviation slump prompted Boeing Co. to announce Friday that it is taking $250 million in third-quarter charges - a $158 million setback to net profits. The world's largest commercial airplane manufacturer said the charges reflect the deteriorating credit ratings of its airline customers as well as lower collateral values of planes financed to carriers by Boeing Capital Corp., its financing arm. |
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