BRIEFCASE TRUCKING, STORAGE FIRM SIGNS LEASE.Byline: - From Staff and Wire Services SUN VALLEY - Trucking and storage company Western Studio Service Inc. has inked a $9 million lease for a 180,000-square-foot building at 9175 San Fernando Road San Fernando Road is a major street in the city and county of Los Angeles. It starts off in Castaic as The Old Road, passing through Santa Clarita and the Newhall Pass, where upon its intersection with Sierra Highway near the junction of the Golden State (I-5) and the . The new space will house Western's proposed expansion to better serve television and film production companies. The lease calls for a 10-year term. Sweetener Sweetener A special feature added to a debt obligation or preferred stock to promote marketability. Notes: Warrants and convertibles are two popular sweeteners. See also: Convertible Bond, Kicker, Warrant Sweetener given federal approval WASHINGTON - Neotame, a non-nutritive sweetener said to be 7,000 to 13,000 times sweeter than sugar, has been approved for marketing as an additive in candies, soft drinks and some other products, the Food and Drug Administration announced Friday. The FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. said that neotame is a white crystalline powder that dissolves in water and can be used as a mealtime sweetener or added to recipes. It has been approved for use in baked goods, nonalcoholic non·al·co·hol·ic adj. A beverage usually containing less than 0.5 percent alcohol by volume. beverages, chewing gum chewing gum, confection consisting usually of chicle, flavorings, and corn syrup and sugar (or artificial sweeteners). Prehistoric people are believed to have chewed resins. , confections, frozen desserts, gelatins and puddings, jams, jellies, fruit, juices, toppings and syrups. Levi's expenses expected to grow WASHINGTON - Levi Strauss
Levi Strauss, born Löb Strauß & Co. expects to incur an additional $20 million to $25 million in restructuring-related expenses over the next 12 to 18 months, according to its quarterly report filed with the Securities and Exchange Commission. Levi Strauss, based in San Francisco, recorded $150.2 million in charges in the second quarter ended May 26. The charges were associated with plant closures in the United States and Scotland. Penske rejection confounds critics EXETER, N.H. - A week before race car owner Roger Penske was to be named to Tyco International Ltd.'s board of directors last year, executives got cold feet because of a possible conflict of interest. The 12-time Indianapolis 500 winner and rental truck company founder didn't get the job. Some Tyco critics now wonder why there was so much concern about Penske. They say at least three of Tyco's 10 current board members have potential conflicts of interest serious enough to raise questions about the objectivity of the ongoing internal investigation they are conducting into Tyco's finances. Tyco has come under heavy scrutiny and criticism for much of this year because of accounting questions, a decision to back away from a plan to break apart the company and the resignation of its longtime chief executive last month just before he was indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. on sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. evasion charges involving pricey works of art. Reliant restates 3 years' earnings HOUSTON - Reliant Resources Inc. restated its earnings Friday for a three-year period during which the company said it engaged in trades that artificially inflated its revenues by more than $7.8 billion. In its filing with the Securities and Exchange Commission on Friday, Reliant said ``round-trip trades'' the company engaged in during 1999, 2000 and 2001 should not have been reflected in its revenues or expenses. The trades added $6.4 billion to the company's revenues during that period. Federal regulators are investigating Reliant and numerous other energy companies for the trades, in which electricity is bought and sold at the same quantity and price to inflate revenue and trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. . Boeing won't sell plant to workers SPOKANE, Wash. - The Boeing Co. aircraft parts plant in Spokane will not be sold to its employees. In a letter sent to workers this week, Boeing said that after reviewing its bidders, the company had decided against dealing with workers who formed an Employee Stock Ownership Plan committee. Boeing spokesman John Kvasnosky declined to comment, citing a confidentiality agreement between the company and all parties that have shown an interest in buying the factory on the West Plains. Employees who led the ESOP ESOP See: Employee Stock Ownership Plan ESOP See Employee Stock Ownership Plan (ESOP). campaign also were muzzled by the agreement. |
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