BRIEFCASE YOUBET.COM HIRES EXPERT IN GAMING.Byline: - Daily News Staff and Wire Services WOODLAND HILLS - Youbet.com Inc., an online live event and wagering company, announced the appointment of gaming legislation expert Lawrence R. Lucas to its board of directors Monday. Lucas has a background in the fields of gaming and security, as well as political affairs Political Affairs has several meanings:
Noun, pl welfare services provided by local authorities or a state agency for people with particular social needs social services npl → servicios mpl sociales . He is president of Conor Communications Co., a provider of emergency services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' support to the cellular and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry. Lucas also counsels development stage companies in the telecommunications, Internet commerce and wireless industries on strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , financing and governmental affairs issues. He is an investor in Ark Capital Management, a Chicago-based venture capital fund active in new venture and capital development primarily focused on African-American enterprises. Advanced obtains fund commitment Los Angeles-based Advanced Communications Technologies Inc. announced Monday the signing of a $31 million financing commitment. The financing transaction, to be funded by Cornell Capital Partners LP, a New Jersey-based domestic investment fund, consists of a $1 million convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. and a two-year structured equity line totaling $30 million. ``The company intends to use this funding to target strategic acquisitions of established private and public revenue producing technology businesses,'' said Chief Executive Officer Gary Ivaska. Pursuant to the terms of the structured equity line, the company has the right, subject to certain conditions, to require Cornell Capital to purchase the company's common stock in amounts up to $2 million per month. Activision gains more Gray Matter SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. - Santa Monica-based Activision Inc. announced Monday it exercised its option to acquire the remaining 60 percent equity interest in a Los Angeles-based PC developer. Gray Matter Interactive Studios is the developer of Activision's holiday release PC game, ``Return to Castle Wolfenstein Return to Castle Wolfenstein (PC) is a first person shooter computer game published by Activision and originally released on November 19, 2001. The single player game was developed by Gray Matter Interactive and Nerve Software developed its multiplayer mode. .'' ``Gray Matter has a very talented team of programmers, designers and artists and we are confident that the studio's development strengths will further establish Activision as a leader in the PC action genre,'' said Ron Doornink, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Gray Matter was founded by designers formerly from Xatrix Entertainment, the developer of such games as ``Redneck Rampage'' and ``Kingpin.'' Countrywide inks Stadium lease ANAHEIM - Countrywide Home Loans has signed a five-year lease for about 47,000 square feet at Stadium Gateway, the recently completed $44 million office building adjacent to Edison International Edison International (NYSE: EIX) is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and un-regulated non-utility assets Edison Mission Energy, a power producer, and Edison Capital. Field. The building was developed and is owned by Summit Commercial Properties, the commercial development arm of real estate investment firm Highridge Partners, and Mack-Cali Realty Corp. Countrywide staffers will begin moving into Stadium Gateway shortly, and with anticipated growth, about 300 of the company's employees will eventually be housed in the facility. Six-month T-bill rates lowest ever WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction, with rates on six-month bills reaching their lowest level on record. The Treasury Department sold $13 billion in three-month bills at a discount rate of 1.53 percent, down from 1.655 percent last week. An additional $13 billion was sold in six-month bills at a rate of 1.58 percent, down from 1.75 percent. The three-month rate was the lowest since Aug. 11, 1958, when the bills sold for 1.524 percent. The six-month rate was the lowest since the government began selling six-month bills in 1958. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , fell to 2.13 percent last week from 2.24 percent the previous week. |
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