BRIEFCASE WELLS FARGO PICKS RETAIL BRANCH BOSS.Byline: - Staff and Wire Services A veteran Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co. executive was named to run the company's California retail branch system, whose headquarters was moved recently from San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden to Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , the banking giant announced Tuesday. Laura Schulte is a 20-year veteran of the company, currently head of Wells Fargo community banks in Nevada and Utah, said company spokeswoman Mary Trigg. Schulte succeeds Carrie Tolstedt as head of Wells Fargo's California community banks. Tolstedt recently was named Group Executive Vice President for Regional Banking. In other company news, Wells Fargo named Shelley Freeman - head of Wells Fargo's Investment Internet Services - regional president for Los Angeles County community banking. Freeman will be responsible for 3,500 employees, 220 branches and $16 billion in deposits. Loews Cineplex files to go public NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - In a made-for-the-movies turnaround, one of the world's biggest movie theater chains has filed to go public, less than five months after emerging from bankruptcy protection. In a Tuesday filing with the Securities and Exchange Commission, Loews Cineplex Entertainment Corp. proposed concurrent stock offerings on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and in Canada. The company had filed for Chapter 11 bankruptcy protection in February 2001, and closed 119 theaters and renegotiated leases during reorganization. It emerged from bankruptcy March 21. Loews did not give a date for the 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. but said it would be ``as soon as practicable after this registration statement becomes effective.'' Drug-buying firm changes its ways SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. - A San Diego company that purchases drugs and supplies for a quarter of the nation's hospitals has agreed to overhaul the way it operates to quell allegations of self-dealing, conflict of interest and anticompetitive an·ti·com·pet·i·tive adj. That discourages competition among businesses: anticompetitive foreign trade restrictions. practices. The changes apparently were in response to a series of critical articles by The New York Times that prompted a congressional investigation. Premier Inc., an alliance of 1,600 not-for-profit hospitals and health care systems, said it will limit the fees it accepts from vendors and will open contracts with more companies. It also will no longer invest in supply companies. Time Warner taps outsider for AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. NEW YORK - With its stock price below $10 a share, AOL Time Warner Inc. turned Tuesday to outsider Jonathan Miller, a former cable TV executive with both old and new media experience, to steady its America Online division. Opinion was mixed about whether the soft-spoken Miller is the right person for the very high-profile task of rejuvenating AOL at a time when ad sales are down, subscription gains are slowing, and angry investors are calling for the unit to be spun off. Miller, 45, formerly served as No. 2 to the flamboyant Barry Diller as head of USA Information and Services, the interactive unit of what had been known as USA Networks. He resigned in June after Diller sold USA's television and film units in order to focus on the company's Internet ventures. Miller will now report to Don Logan, the former Time Inc. chairman recently appointed to head AOL Time Warner's Media and Communications Group. |
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