BRIEFCASE T-BILL YIELD DIPS SLIGHTLY FOR WEEK.Byline: - Staff and Wire Services WASHINGTON - The average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages Adjustable-rate mortgage (ARM) A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or , edged down slightly last week. The Federal Reserve reported Monday that the yield on one-year Treasury bills dipped to 1.20 percent last week compared with 1.23 percent for the week ending May 9. Separately, the Treasury Department announced that it had postponed its normal weekly auction of three-month and six-month Treasury bills, normally held Monday, until today this week. The delay was caused by maneuvering the Treasury Department was required to perform to make room for additional debt sales given that Congress has still not approved legislation to increase the current debt limit of $6.4 trillion. Gold back to head his family's firm MOORPARK - Larry Gold returned to the artificial flower business, as Aldik announced his return as chief executive officer Monday. The artificial-foliage firm, owned by his family for years, first employed him in 1975, eventually appointing him president a decade ago. In 1997, Gold helped smooth a merger with flower and gift firm Decorative Concepts Inc. He retired in 2001, succeeded by several temporary chief executives, including current President Mike Stadlberger. Gold will replace interim 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. Robert Taylor Robert Taylor or Bob Taylor may refer to:
In a statement, the company said the management change renews the company's focus on its historical strengths - product development and customer service. To the latter end, the company has returned the customer service department to its headquarters in Moorpark. Ray King also rejoined "Rejoined" is an episode of , the sixth episode of the fourth season. Quick Overview: Jadzia Dax is reunited with the mate of a former host and the two struggle with their feelings for one another. the company with the title vice president of national sales. Two named to sit on company board WOODLAND HILLS - HemaCare Corp. has appointed Dr. Wm. Andrew L. Heaton and Terry Van Der Tuuk to its board of directors. Heaton serves as vice president of regulatory/scientific affairs and chief medical officer of Chiron, Blood Testing Division, an international provider of nucleic acid nucleic acid, any of a group of organic substances found in the chromosomes of living cells and viruses that play a central role in the storage and replication of hereditary information and in the expression of this information through protein synthesis. and immuno testing to the blood-screening market. Van Der Tuuk is vice chairman of graphic technology for a bar-code label company. He is also chairman of Mid-America Merchandising Inc., a promotional products company, and founder and president of VanKan Inc., a Kansas-based venture capital firm that invests in privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in the Midwest area. Founded in 1978, HemaCare is a national provider of blood products and services. Proxy group nixes Tenet challenge MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. - A shareholder group said Monday that it wouldn't wage a proxy contest Proxy contest A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate of directors. Also called proxy fights. to name an alternative slate of directors at 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. Investor M. Lee Pearce, the group's leader, said he was persuaded by Tenet's newly appointed independent director, Edward Kangas, that Tenet is committed to serious reform. In a letter sent Monday to nonmanagement board members, Peace said Tenet must replace its senior management, name a chief executive from outside the company and adopt tougher standards for director independence. Last month, Jeffrey Barbakow said he would step down as chairman and a director of Tenet later this year, but planned to remain chief executive. |
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