BRIEFCASE UNITED ONLINE INC. EXTENDS BUY-BACK.Byline: - Staff and Wire Services WESTLAKE VILLAGE - United Online Inc. announced an extension of its share repurchase plan share repurchase plan A corporation's plan for buying back a predetermined number of its own shares in the open market. Institution of a share repurchase plan derives from management's view that the company has limited outside investment opportunities and on Thursday. To date, the Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. has bought back 1 million shares, costing it $4.8 million. Under the new plan, it will buy back an additional $33.5 million worth of shares by May 31, 2003, far above its original $10 million target. Camarillo to get own Home Depot CAMARILLO - The smell of crisp lumber will soon hang over 401 W. Ventura Blvd., when Home Depot opens its doors July 25. The 115,000-square-foot big-box retailer will feature construction materials, interior design elements, paint and an appliance showroom. The warehouse, the first in the Camarillo area, will bring 120 new jobs along with it. Herbalife predicts range of earnings Los Angeles-based Herbalife International said Thursday it expects to report net income in the range of $11 million to $14 million, or 32 cents to 41 cents per diluted share, based on $450 million in retail sales for the three months ended June 30. The company expects to report earnings before interest, income taxes, depreciation and amortization to be in the range of $22 million to $27 million. The anticipated second quarter results include a $7 million pretax charge for severance payments and merger-related transaction costs. Excluding the one-time costs, earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
The company also announced Thursday that stockholders will be asked July 31 to elect a slate of directors and vote on a merger plan under which the company would become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of WH Holdings (Cayman Islands) Ltd. Teledyne, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. deal announced Teledyne Technologies Inc. announced Thursday that Teledyne Brown Engineering Teledyne Brown Engineering, or TBE, formerly Brown Engineering, is a Huntsville, AL–based subsidiary of Teledyne Technologies (NYSE: TDY). TBE was acquired by Teledyne Technologies in 1966. Inc. received a one-year contract extension for $7 million from the National Aeronautics and Space Administration's Marshall Space Flight Center The George C. Marshall Space Flight Center (MSFC), the original home of NASA, is a lead center for propulsion, Space Shuttle propulsion, Shuttle external fuel tank, crew training and payloads, International Space Station (ISS) design and construction, for computers, networks, and . During the extension, Teledyne will operate and maintain propellant pro·pel·lant also pro·pel·lent n. 1. Something, such as an explosive charge or a rocket fuel, that propels or provides thrust. 2. and pressurant generating systems, and storage and distribution systems. Teledyne Technologies, based in Los Angeles, provides electronics components, instruments and communications products and aerospace products and components. NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. signs lease for the Pinnacle BURBANK - M. David Paul Development LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced Thursday that NBC Enterprises has signed a 12-year lease for 18,000 square feet in its newest project. The Pinnacle is a 4.4-acre office campus located in the heart of the Burbank Media District. The company also announced that Technicolor is renewing and expanding its presence at the Media Studios North project in Burbank. Technicolor signed a 10-year lease for an additional 52,400 square feet in Phase III and also extended its existing lease of 33,000 square feet for 10 years. Silicon Valley poll bearish on future SAN JOSE - With corporate scandals popping up regularly and the high-tech industry still in a swoon, fewer than half the Silicon Valley consumers surveyed expect business conditions in the area to be better a year from now, according to a report being released today. The quarterly Silicon Valley consumer confidence survey by researchers at San Jose State University found much less optimism in the region than previous reports indicated. Using the same methods employed by University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. researchers who generate a closely watched index of consumer confidence, the San Jose State team gave Silicon Valley a consumer sentiment rating of 88.1, down from 96.2 in March and 91.7 in December. That also is below the nationwide figure of 92.4, according to the Michigan index. |
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