BRIEFCASE.Byline: - Staff and Wire Services Cherokee to give quarterly bonus VAN NUYS - Cherokee Inc. will grant a quarterly dividend of 50 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. , the brand management company announced Tuesday. The one-time payment will be available to shareholders of record as of March 1, 2005, around March 15, 2005. Blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. still interested in rival DALLAS - Video rental chain Blockbuster Inc. kept its takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares for rival Hollywood Entertainment Corp. alive on Tuesday, saying it still wants to bid for the smaller chain. Movie Gallery Inc., the nation's third largest rental operator, bid $13.25 per share last week and would assume $350 million in debt. Blockbuster had previously bid $11.50 per share but was stymied when Hollywood accepted Movie Gallery's $850 million offer. John Antioco, Blockbuster chairman and chief executive said Tuesday that his company would evaluate making another bid. Nestle's Brabeck may be chairman VEVEY, Switzerland - Nestle SA Chief Executive Officer Peter Brabeck will likely also become its chairman, the food giant announced Tuesday. Nestle, which operates its American headquarters in Glendale, plans to ask shareholders to approve Brabeck to succeed Rainer Gut at a general meeting April 14. Brabeck took charge at Nestle in 1997 and would have Vice Chairmen Andreas Koopmann and Rolf Haenggi to balance his added executive power. Rates on T-bills at three-year high WASHINGTON - Interest rates on short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. Treasury bills rose in Tuesday's auction to the highest levels in more than three years. The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 2.360 percent. An additional $16 billion in six-month bills was auctioned at a discount rate of 2.635 percent. The three-month rate was up from 2.330 percent last week and was the highest since three-month bills averaged 2.380 percent on Sept. 24, 2001. The six-month rate was up from 2.600 percent last week and was the highest since 3.120 percent on Sept. 9, 2001. In a separate report, the Federal Reserve said Tuesday that the average yield for one-year Treasury bills, a 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. , rose to 2.85 percent last week from 2.82 percent the previous week. Yahoo's Q4 profits are nearly tripled 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 - Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the giant Yahoo Inc.'s fourth-quarter profit nearly tripled and easily beat Wall Street expectations, reflecting a worldwide boom in online advertising and the addition of some 800,000 new paying customers. The e-commerce giant, which operates the world's most popular Internet destination, said Tuesday it earned $373 million, or 25 cents per share, for the three months ended Dec. 31. Excluding profits from the sale of some investments, the company earned $187 million, or 13 cents per share, up 149 percent from $75 million or 5 cents per share in the same quarter of 2003. Livengood is out at Krispy Kreme Krispy Kreme is a chain of doughnut stores. Its parent company is Krispy Kreme Doughnuts, Inc. (NYSE: KKD), based in Winston-Salem, North Carolina, United States. WINSTON-SALEM, N.C. - Chief Executive Officer Scott Livengood Scott Livengood is the former CEO of Krispy Kreme Corporation, which makes doughnuts. A native of Salisbury, North Carolina, the University of North Carolina at Chapel Hill-educated man started working for Krispy Kreme in 1977, then a privately held company based in Winston-Salem, was ousted Tuesday as head of Krispy Kreme Doughnuts Inc., the once-trendy chain whose stock price has plummeted amid a federal securities investigation and allegations of padded sales figures sales figures npl → cifras fpl de ventas . Shares of Krispy Kreme jumped 12 percent. The Winston-Salem company's board of directors announced the retirement of Livengood, who has been criticized for his handling of the company's recent financial problems, as one of ``a number of important actions to address the company's current situation.'' |
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