BRIEFCASE U.S. BANCORP GETS DOWNTOWN SPACE.Byline: - Staff and Wire Services U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. , parent of U.S. Bank, signed a 12-year lease Thursday for 165,000 square feet of office space in the downtown Library Tower. The 73-story Library Tower, the tallest building on the West Coast at 1,017 feet, will become the U.S. Bank Tower This article is about the U.S. Bank Tower in Los Angeles. For the building in Sacramento, see U.S. Bank Tower (Sacramento). The U.S. Bank Tower (Library Tower, First Interstate World Center and serve as the Minneapolis-based company's Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, regional headquarters. It is the largest office lease executed in the central business district from outside the market in the past 24 months, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Maguire Partners, the commercial real estate developers that built the building. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. set to loan millions Merrill Lynch announced plans Thursday for a $500 million loan effort to aid businesses in California's minority communities. The expansion of the California Partnership for Economic Achievement will include millions in loans for small businesses in communities that have historically been underserved, said Merrill Lynch 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. Stan O'Neal E. Stanley "Stan" O'Neal is the present Chief Executive Officer and Chairman of the Board of Merrill Lynch & Co. Inc., having served in numerous senior management positions at the company prior to this appointment. . The initiative began in 1996 with $77 million for Los Angeles and Orange County businesses, and was expanded in 2000 to include San Diego and the Bay Area. The program was created after studies found that such small businesses can have significant impacts on the Southern California economy, but often face hurdles gaining access to financial assistance to get off the ground. 30-year mortgage rates edge higher WASHINGTON - Rates on long-term mortgages edged up this week as the economy showed signs it is still working through a rough patch, economists said. The average interest rate on a fixed-rate 30-year mortgage rose to 5.85 percent for the week ending April 11, the mortgage company Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. reported Thursday in its weekly nationwide survey. This week's rate was up from the rate of 5.79 percent a week ago. For 15-year fixed-rate mortgages, a popular option for refinancing, rates crept up to 5.17 percent this week, compared with 5.06 percent last week. Even with the increases, rates for 30-year and 15-year mortgages are still sufficiently low to support the housing market, economists said. $1.2 billion pretax charge for Boeing SEATTLE - Boeing Co. said Thursday it will take a $1.2 billion pretax charge in the first quarter, reflecting the depressed value of its acquisitions and the continuing slump in the worldwide commercial jet business. Boeing said it expects the charge to reduce net earnings by about $1.23 a share. Analysts were expecting Boeing to earn 42 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. in the quarter, according to a survey by Thomson First Call. After taxes, the goodwill charge totals $994 million. About $835 million, or $1.03 per share, is for the reduced worth of companies Boeing bought primarily with stock. Another charge of $159 million, or 20 cents per share, is for the decline in airline customers' credit ratings, jet collateral values and a steep fall in aircraft lease rates. The charge also will increase reserves and account for business changes at Boeing Capital Corp., which finances airline customers' purchases of Boeing planes. |
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