BRIEFCASE VIVENDI OKS PACT WITH VIACOM UNIT.Byline: - Staff and Wire Services UNIVERSAL CITY - Vivendi Universal Publishing announced Wednesday that it has signed an exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distribution agreement with Viacom's digital entertainment unit Simon & Schuster Simon & Schuster U.S. publishing company. It was founded in 1924 by Richard L. Simon (1899–1960) and M. Lincoln Schuster (1897–1970), whose initial project, the original crossword-puzzle book, was a best-seller. Interactive. Through Vivendi Universal's Publishing's Games division, the company will distribute interactive products published by Simon & Schuster over the next two years. Investors finish buying Herbalife An investor group led by the private equity firms Whitney & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Golden Gate Capital Inc. announced Wednesday that it has completed the acquisition of Herbalife International Inc. The investor group will finance the acquisition of Herbalife with $176 million of equity capital. Herbalife distributors and senior management will invest alongside Whitney and Golden Gate. Herbalife stockholders are to receive $19.50 in cash for each share of Herbalife Class A and Class B stock. The transaction is valued at about $685 million. Herbalife is a weight management and nutritional supplement firm with corporate headquarters in Century City. Global Crossing auction delayed GLOBAL - The bankruptcy auction to buy Global Crossing's vast fiber- optic network and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. was postponed again Wednesday, the second such delay in as two weeks. The decision to put off the auction for another two days comes amid increasing speculation about likely bidders for the world's most extensive data network - and with the ongoing technology meltdown meltdown Occurrence in which a huge amount of thermal energy and radiation is released as a result of an uncontrolled chain reaction in a nuclear power reactor. The chain reaction that occurs in the reactor's core must be carefully regulated by control rods, which absorb , probably one of the most underutilized. Despite the delay, Global Crossing still expects that a winning bid will be chosen in time to seek court approval at a bankruptcy hearing scheduled for Aug. 7. GE expenses list to include options FAIRFIELD, Conn. - General Electric Co. announced Wednesday it will start counting employee stock options as expenses in its earnings reports, joining other major companies adopting the practice after a wave of accounting scandals Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. . As one of the world's most valuable companies, GE's move adds momentum to an issue that has gained urgency as a result of the scandals. GE said it will expense the fair value of employee stock options starting this quarter. The move will reduce this year's net income by less than $30 million, or less than one cent per share. Merck withdraws spinoff's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. plan WHITEHOUSE STATION, N.J. - Drug giant Merck & Co., citing market conditions, has withdrawn the initial public offering for the pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. business it has been trying to spin off. Merck spokesman Chris Loder called the action a formality and said the company still plans to spin off Medco within 12 months, ``subject to market conditions.'' The registration statement for Franklin Lakes, N.J.-based Medco was originally filed with the SEC on April 17 and amended May 1, May 21, June 13, July 5 and July 9. The latest postponement of the IPO came amid news that Merck had padded Medco's revenues by $12 billion in recent years by counting prescription co-payments made to pharmacies as Medco revenue. Analysts have said Merck is doing nothing wrong and the co-payment issue has been overblown o·ver·blown v. Past participle of overblow. adj. 1. a. Done to excess; overdone: overblown decorations. b. . |
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