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BRIEFCASE YOUNGER ADDS NEW TITLES AT UNOVA.


Byline: - Staff and Wire Services

WOODLAND HILLS - Unova Inc. announced Wednesday that Cathy D. Younger was named corporate vice president and corporate secretary.

Younger also serves as senior transactions counsel, director of corporate ethics and compliance, and president of The Unova Foundation.

Younger, 53, was appointed staff vice president and corporate transactions counsel in November 1996, prior to the spinoff of Unova from Western Atlas Western Atlas was formed in 1987 through the merger of Western Geophysical (owned by Litton Industries) and Dresser Atlas. The resulting company was a joint venture of Litton and Dresser Industries until it was spun off as a publicly traded company in 1994.  Inc.

Younger, a graduate of University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). , Los Angreles, and Southwestern University For other places with the same name, see Southwestern University (disambiguation).
History
Prior to its founding in Georgetown, charters had been granted by the Legislature (Texas Congress 1836-1845) to establish four earlier educational institutions:
, formerly practiced general corporate law.

Unova is a supplier of automated data collection, wireless networking See wireless network.  and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings  systems for industrial, distribution and government markets.

The company also designs and builds manufacturing systems, primarily for the global automotive and aerospace industries.

Enron mediation ordered by judge

HOUSTON - Federal judges ordered Enron Corp. and shareholders seeking billions from the failed energy trader and 11 banks and brokerages into mediation to try to settle the assembly of claims.

``It is appropriate for these cases to attempt resolution through court-ordered mediation,'' U.S. District Judge Melinda Harmon US District Court Judge Melinda Harmon was lead judge in the subsequently overruled Arthur Anderson trial. Civil lawsuits against Enron were consolidated in her court; she oversaw class action lawsuits on behalf of both Enron shareholders and its employees.  told attorneys Wednesday in a Houston courtroom as U.S. Bankruptcy Judge Arthur Gonzalez The Hon. Arthur J. Gonzalez is a United States Bankruptcy Court Judge for the Southern District of New York. Gonzalez received his undergraduate degree from Fordham University in 1969. Following graduation, he worked as a New York City public school teacher until 1982.  participated via telephone.

It is the first mediation ordered since similar efforts to settle claims that involved former accounting firm Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see .
Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing
 LLP LLP - Lower Layer Protocol  were abandoned in May last year, said William Lerach, the lead attorney for the University of California.

The university is the lead plaintiff in a $25 billion shareholder lawsuit with which other cases have been consolidated.

Factory orders hit 7-month low

WASHINGTON - America's manufacturers saw demand for their products fall in April by the largest amount in seven months, a fresh blow to an industry that is a big drag on the plodding economy.

Orders to U.S. factories for durable goods durable goods

Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables.
 - manufactured products such as cars and appliances expected to last at least three years - dropped by 2.4 percent in April from the month before, when they rose 1.4 percent.

The Commerce Department's report Wednesday underscored the troubles facing battered manufacturers, which have suffered through 33 consecutive months of jobs losses and are operating plants well below capacity because of the muddled economic environment.

Shareholders give backing to Exxon

DALLAS - Shareholders of Exxon Mobil Corp. supported company management and rejected environmentalist-backed resolutions on global warming and renewable energy on Wednesday.

Lee R. Raymond, chairman and chief executive, defended the company's environmental record and said the market for renewable energy was very limited.

Raymond predicted that wind and solar power would account for less than 1 percent of world energy by 2020. Oil and gas, he said, will remain the dominant sources of energy.

Regulators probe another analyst

WASHINGTON - Securities regulators have accused another Wall Street analyst of deceiving investors with misleading stock research, this time in a case in which the analyst was said to have had a too-close relationship with a company whose stock he followed, compromising his independence and objectivity.

The National Association of Securities Dealers National Association of Securities Dealers (NASD)

Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market.
 said Wednesday that the fired Merrill Lynch analyst and managing director, Phua Young, gave a $4,500 case of wine to the former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of now-embattled Tyco International, Dennis Kozlowski. Young also flew several times on one of Tyco's corporate jets for business trips, often accompanied by Kozlowski.

Ask Jeeves sells software division

SAN FRANCISCO - Reinvigorated Internet search engine provider Ask Jeeves Inc. on Wednesday said it is shedding a weak link to focus on more lucrative operations that have turned the company's stock into a hot commodity.

Emeryville, Calif.-based Ask Jeeves agreed to sell a business software division to a rival, Kanisa, for $4.25 million. The sale, affecting 41 Ask Jeeves employees, is expected to close during the summer.

Revenue at the divested division, called Jeeves Solutions, has been slumping at the same time Ask Jeeves has been attracting more advertising to its popular online search sites, Ask.com and Teoma.com.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:May 29, 2003
Words:645
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