BRIEFCASE SCENIC WILL LEAVE AIRPORT IN MARCH.Byline: - Staff and wire services
PALMDALE - Palmdale Regional Airport is again facing the prospect of being without an airline after Scenic Airlines Scenic Airlines is an American airline based in Las Vegas, Nevada, USA. It operates sightseeing flights and is based at Boulder City Airport . History
Scenic Airlines filed a notice with the federal government that it intends to pull out in March.
Scenic filed a notice with the U.S. Department of Transportation indicating it will leave the market on March 13. The airline has operated out of Palmdale since Dec. 29, 2004.
The notice of intent did not state a reason for terminating service, however, it has been known for months that the airline was struggling to get passengers. In August, the city bought $20,000 worth of tickets after airline officials told them at that time they were looking to pull out in October if passenger loads didn't increase.
Investors worry over GM shares
DETROIT - General Motors Corp. shares, which have lost more than half their value since the beginning of the year, fell an additional 4 percent Wednesday as investors fretted about Los Angeles billionaire Kirk Kerkorian's decision to sell part of his stake in the automaker.
GM shares fell 80 cents to $19.05 Wednesday 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. . That is their lowest level since 1982, according to Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index
Standard and Poor's Index equity market analyst Howard Silverblatt.
UnitedHealth gets OK for PacifiCare
MINNEAPOLIS - UnitedHealth Group Inc. has received final regulatory approval for its $9.2 billion purchase of 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. , the health insurer said Wednesday.
UnitedHealth agreed to divest parts of PacifiCare's commercial health insurance business in Tucson, Ariz., and Boulder, Colo., to satisfy antitrust regulator concerns, the Justice Department said.
Allergan, Inamed OK purchase deal
Allergan Inc., which makes the anti-wrinkle drug Botox, has entered into a definitive agreement to purchase cosmetic surgery cosmetic surgery, plastic surgery for cosmetic purposes, such as the improvement of the appearance of the face by removing wrinkles or reshaping the nose. product maker Inamed Corp. in a cash and stock deal valued at $3.2 billion.
The deal creates a company with combined revenues of $940 million that sells everything from cosmetic drugs to breast implants Breast Implants Definition
Breast implantation is a surgical procedure for enlarging the breast. Breast-shaped sacks made of a silicone outer shell and filled with silicone gel or saline (salt water), called implants, are used. .
The agreement was expected after Medicis Pharmaceutical Corp., a seller of prescription acne and skin treatments, dropped its rival bid for Inamed last week.
Inamed, which had agreed in March to be bought by Medicis, has already paid its former suitor SUITOR. One who is a party to a suit or action in court. One who is a party to an action. In its ancient sense, suitor meant one Who was bound to attend the county court, also, one who formed part of the secta. (q.v.) a $90 million termination fee termination fee
The one-time charge for terminating or transferring an individual retirement account. If a financial institution charges a termination fee, the fee must be spelled out in the original agreement that is signed when the account is opened. , plus $481,985 for breaking the deal and agreeing to be bought by Allergan instead.
Irvine-based Allergan and Inamed said late Tuesday that Allergan will pay either $84 in cash or 0.8498 of a share of Allergan common stock for each share of Inamed stock at the election of the holder.
Santa Barbara-based Inamed said it will give back the rights to market Reloxin, a Botox competitor, to Ipsen ltd. in order to avoid problems with the Federal Trade Commission and other regulatory agencies.