BRIEFCASE WAMU REPAIRS ACCOUNT GLITCH.Byline: - Staff and Wire Services Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. officials said Wednesday they have resolved a technical glitch A temporary or random hardware malfunction. It is possible that a bug in a program may cause the hardware to appear as if it had a glitch in it and vice versa. At times it can be extremely difficult to determine whether a problem lies within the hardware or the software. See glitch attack. that kept direct deposits from entering bank accounts Tuesday. The problem surfaced Monday evening and extended through Tuesday afternoon causing delays in direct deposits, including Social Security payments. Analyst said the processing pause would not have a material effect on the Seattle-based bank's quarterly results. Cheesecake Factory ends year up CALABASAS - The Cheesecake Factory Inc. rounded out 2003 on a strong note, announcing fourth-quarter and full-year earnings on Wednesday. For the quarter, revenue climbed to $214.5 million, earning $15.57 million, 30 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. , up from revenue of $174.4 million, earning $13.18 million, 26 cents per share. For the full year, the company saw revenues climb to $773.8 million, up from $651.9 million in 2002. This brought earnings of $57.8 million, $1.12 per share, up from $49 million, 96 cents, the year before. Vitesse completes Cicada cicada (sĭkā`də), large, noise-producing insect of the order Homoptera, with a stout body, a wide, blunt head, protruding eyes, and two pairs of membranous wings. purchase CAMARILLO - Vitesse Semiconductor Corp. has completed its $65.5 million acquisition of Cicada Semiconductor Corp., the company said Wednesday. The Camarillo-based manufacturer purchased Cicada to enhance its development of circuits that talk to high-speed communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . Vitesse said the partnership will help the company design and manufacturer more affordable communications chips. Vitesse shares declined 74 cents, or 8.7 percent, to close at $7.77 Wednesday on the Nasdaq market. SMTEK finishes quarter in black MOORPARK - Electronics manufacturer SMTEK International Inc. enjoyed a third consecutive quarter in the black, reporting earnings of $258,000 on Wednesday. For the second quarter, it had earnings per share of 9 cents, fueled by revenues of $20.1 million. This compares favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to a loss of $3.5 million, $1.55 per share, on revenues of $15.5 million, in the same period a year ago. Factory orders surge in December WASHINGTON - America's factories saw orders rebound in December, rising by a strong 1.1 percent, a fresh sign that the national economy's recovery was in full stride as it headed into the new year. The over-the-month increase reported by the Commerce Department Wednesday came after orders placed with factories dropped by 0.9 percent in November. The latest snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure. (2) A saved copy of a file before it is updated. of manufacturing activity was better than economists were expecting. Fannie Mae Fannie Mae: see Federal National Mortgage Association. drops arbitration support WASHINGTON - Home-loan giant Fannie Mae will no longer invest in any mortgages that force borrowers to surrender their right to sue lenders, under a new policy announced Wednesday. |
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