BRIEFCASE SONY, CINEMANOW SIGN WEB PPV PACT.Byline: - Staff and Wire Services SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. - CinemaNow Inc. agreed Wednesday with Sony Pictures Television Sony Pictures Television, Inc. (SPT) is an American television production and distribution company. It is a subsidiary of Sony Pictures Entertainment. In turn, the latter is part of the Japanese conglomerate Sony. International to deliver first-run pay-per-view and library titles for download via the CinemaNow Web site. As part of the agreement, CinemaNow will offer Sony's new release films the same day they become available in their traditional pay-per- view window, along with previously released movies from Sony's vast film library. New release titles from Sony currently being offered by CinemaNow include the comedy ``50 First Dates,'' starring Adam Sandler and Drew Barrymore, and ``Hellboy.'' All movies are offered on a 24-hour rental basis, priced at $3.99 for first-run films and $2.99 for library titles. Ducommun unit wins Defense deal Los Angeles-based Ducommun Inc. announced Wednesday that a subsidiary received a multiyear contract - with an estimated value of $30 million - to manufacture cable harness assemblies for the Block IV Tomahawk tomahawk [from an Algonquian dialect of Virginia], hatchet generally used by Native North Americans as a hand weapon and as a missile. The earliest tomahawks were made of stone, with one edge or two edges sharpened (sometimes the stone was globe shaped). cruise missile. Raytheon Missile Systems Raytheon Missile Systems Company is a subsidiary of Raytheon Company. Headquartered in Tucson, Arizona, its president is Louise Francesconi. Formerly, known as Hughes Missile Systems Company before acquired by Raytheon Company The division's products include: All work will be performed at Ducommun Technologies' Ft. Defiance, Ariz., facility. PacifiCare will buy up AMS AMS - Andrew Message System stock CYPRESS - 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. will acquire all of the outstanding shares of common stock of American Medical Security Group through a $500 million-plus cash merger, the companies announced Wednesday. AMS will become a wholly-owned subsidiary of PacifiCare, which will pay $32.75 in cash for each share of AMS common stock outstanding, for a total equity purchase price of about $502 million on a fully diluted basis. PacifiCare will also assume about $30.2 million of AMS debt. PacifiCare will finance the acquisition through $400 million of term debt from a $750 million bank commitment and the use of internally generated cash. Mechanics accept Southwest terms DALLAS - Mechanics at Southwest Airlines Co. approved a three-year contract extension in a close vote, officials said Wednesday. Mechanics, represented by the Aircraft Mechanics Fraternal Association The Aircraft Mechanics Fraternal Association (AMFA) is an independent union that represents aircraft maintenance employees of commercial airlines in the United States. AMFA is committed to the principles of craft unionism, in that it seeks to represent only airline mechanics and , voted 579-509 to approve the contract with the Dallas-based carrier, the union said. Terms weren't disclosed. The new contract covers roughly 1,500 mechanics and expires August 2008. |
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