BRIEFCASE SIGOLOFF RETIRING FROM KB HOME.Byline: - Staff and Wire Services Los Angeles-based KB Home announced Tuesday that Sanford Sigoloff is retiring from the company's board after 23 years of service. Sigoloff will officially step down at KB Home's annual shareholder meeting in April. Two other board members will not stand for re-election in accordance with the company's corporate governance rules. Sigoloff, KB Home's longest-serving director and a former vice chairman, has reached retirement age for board members. Jacobs, Marines continue contract PASADENA - Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple announced Tuesday that a subsidiary was granted the final option year of a five-year contract to provide combat and logistics equipment support services to the Marine Corps Systems Command Marine Corps Systems Command (MARCORSYSCOM) is located at MCB Quantico. Mission Serve as the Commandant's principal agent for acquisition and sustainment of systems and equipment used by the operating forces to accomplish their warfighting mission. in Quantico, Va. Jacobs has provided systems engineering, program management, acquisition management, logistics, operations analysis, and modeling and simulation services to the Marine Corps through the contract since 1999. Quest's revision reflects purchase TETERBORO, N.J. - Quest Diagnostics Inc. revised its guidance Tuesday to reflect its acquisition of Tarzana-based Unilab Corp. The diagnostic testing firm anticipates that Unilab will add 10 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. to its full-year earnings for 2003, already expected to be in the $4 to $4.20 range. Though this does not reflect the charges of the purchase, which were not discussed, the firm expects annual synergies in the $25 million to $30 million range once it's completed the acquisition. 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. , Westwood in radio news deal NEW YORK - NBC News and Westwood One are teaming up to produce NBC News Radio, hourly news updates that feature NBC and MSNBC MSNBC Microsoft/National Broadcasting Company journalists including Tom Brokaw, Brian Williams and John Seigenthaler. The companies said Tuesday that the one-minute reports will be fed hourly each weekday between 6 a.m. and 10 p.m. EST, with additional reports during breaking news events, as well as sportscasts, features and entertainment feeds. The updates, which will begin on March 31, will be available to Westwood One's more than 7,500 affiliates, although not all are expected to carry the service. NBC, owned by General Electric, provides news via network television, cable and Internet operations. Although it started as a radio broadcaster, NBC exited the radio business in 1987. Westwood One broadcasts news, sports, music, talk, entertainment programs and other features and formats to more than 7,500 radio stations. The company is managed by Infinity Broadcasting Corp., which is owned by Viacom Inc. Westwood also has programming deals with other networks, including CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , CBS (Cell Broadcast Service) See cell broadcast. , VH1 and MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. . Sears tightening card operations NEW YORK - Sears, Roebuck & Co. will rein in marketing programs this year at its credit-card operation that exposed the company to less reliable customers in 2002, Alan J. Lacy Alan J. Lacy is the former Chairman and CEO of Sears, Roebuck and Company. Lacy joined Sears in 1994 and served in a number of senior positions, including Chief Financial Officer, President-Credit and President-Services before being named CEO in 2000. , chairman and chief executive, said Tuesday. The Hoffman Estates, Ill., retailer's credit-card operation, which accounts for about two-thirds of its operating income, saw success overall as it ramped up its MasterCard last year, Lacy said. Despite a sluggish economy that has continued to spur delinquencies and charge-offs, the quality of the Sears MasterCard portfolio overall has improved over the past year, he said. Wall Street ends the session higher NEW YORK - The Dow Jones industrial average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. rose 51.26, or 0.7 percent, to close at 7,909.50, having declined 159 points Monday, its biggest one-day loss in nearly a month. Earlier in the day, blue-chip stocks dropped to 7,719.64, the lowest level since Oct. 10, when they finished at 7,533.95. The broader market also finished higher. The Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed gained 6.60, or 0.5 percent, to 1,328.98. The Standard & Poor's 500 index rose 5.99, or 0.7 percent, to 838.57. |
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