BRIEFCASE SOFTWARE BUSINESS GIVEN CREDIT LINE.Byline: - Staff and Wire Services CALABASAS - Software developer NetSol Technologies said Tuesday that it had secured a $1 million revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. from United Kingdom-based DCD (Document Content Description) An XML schema language from Textuality, Microsoft and IBM that is implemented as an RDF vocabulary. It supports data typing and schema reuse and is the successor to XML-Data. See XML schema, RDF and XML. Trade Services Ltd., a subsidiary of DCD Holdings Ltd. In February, DCD Holdings signed a $2 million investment agreement with NetSol, and the company has already received approximately $260,000. The money is intended for new projects requiring an upfront cash outlay. Calabasas-based NetSol also said it has signed a new agreement with DaimlerChrysler Leasing Thailand Ltd. to implement the company's credit application processing software. 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. Betsy Burton splits from Tower SACRAMENTO - Tower Records' interim Chief Executive Betsy Burton has left the troubled music retailer. When Burton, a well-regarded corporate turnaround specialist, was hired eight months ago, she became the first outsider to run the company since Russ Solomon founded Tower in 1960. Solomon remains chairman emeritus e·mer·i·tus adj. Retired but retaining an honorary title corresponding to that held immediately before retirement: a professor emeritus. n. pl. and his son, Michael, is the president. Analysts had looked to Burton, who also acted as the chief restructuring officer, to improve performance as the company continued to lose money. Although Tower posted another loss in the quarter ending Jan. 31 - its 11th loss in the past 12 quarters - analysts said the numbers showed improvement. It's unclear why Burton left and company officials did not return phone calls seeking comment Tuesday. Farmers' market farm·ers' market n. A public market at which farmers and often other vendors sell produce directly to consumers. Also called greenmarket. set to return today NORTHRIDGE - Farmers will hawk their wares at the Northridge Fashion Center Northridge Fashion Center is a large shopping mall located in Northridge, California. It opened in 1971. It was severely damaged during the Northridge Earthquake in 1994, but renovated extensively in 1995 and 1998. today as the Farmers' Market & Family Festival kicks off its season at 5 p.m. Thirty vendors will take part, selling fresh produce, hot food and crafts. Running each Wednesday for four hours, the open-air market will continue through Oct. 22 in the mall parking lot off Tampa Avenue. Tenet's Barbakow changing his role SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. - Tenet Healthcare Tenet Healthcare Corporation (THC) is an operating company that owns and operates 57 hospitals in the United States [1]. It is based in Dallas, Texas. Its stock ticker symbol on the New York Stock Exchange is NYSE: THC. Corp. chief executive Jeffrey C. Barbakow will step down as chairman and as a member of the board of the huge hospital chain while staying on as CEO, company officials announced Tuesday. The announcement comes as a shareholder committee issued a report saying the company could face up to $6 billion in legal liability growing out of its practices for billing the Medicare program. Last fall, Tenet acknowledged that its pricing strategy had triggered unusually high payments collected from Medicare for expensive treatments for the sickest patients. Federal investigations are under way into Tenet's billing practices. In addition, two legislative committees are looking at company operations. |
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