BRIEFCASE.Byline: - Staff and Wire Services Area firm owner gains SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government honor CANOGA PARK - Dorothy Breininger, executive director and owner of the Center for Organization and Goal Planning in Canoga Park, was presented with the Home-based Business Champion award by the U.S. Small Business Administration on Wednesday. The SBA national awards showcase nine category winners during National Small Business Week. Winners were judged at a local and regional level prior to competing in the nation's capital, where President George W. Bush addressed the attendees. The criteria for the award won by Breininger was based on the amount of time and energy volunteered to improve conditions for home-based businesses; engaging in entrepreneurial training specifically for home-based businesses; and demonstrating interest in home-based businesses as an owner or former owner. Iris will buy Quidel assets and facility CHATSWORTH - Urinalysis systems maker Iris International Inc. said Wednesday that it will acquire Quidel Corp.'s urinalysis business in a cash transaction. Terms were not disclosed. Chatsworth-based Iris' acquisition includes patents, trademarks, product designs and a manufacturing facility in Germany. The new business generated about $1.5 million in sales in 2004, the company said. Viacom set to hire ex-ad exec Dolan 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 - Viacom is set to hire Michael Dolan, a former advertising executive, as its chief financial officer, the company said. Dolan would succeed Richard J. Bressler, who left the company this year. Dolan, 58, had been chief executive of the Young & Rubicam unit of the WPP Group WPP Group plc (LSE: WPP) (NASDAQ: WPPGY), based in London, United Kingdom, is one of the world's largest communications services groups (and one of the big six advertising holding companies, the others being Omnicom, Interpublic, Publicis, Dentsu and Havas) employing . He left that company in 2003, several years after it was acquired by WPP WPP Wire & Plastic Product PLC WPP World Press Photo WPP Web Presence Provider WPP Wolf Pack Productions (anime fan subbing group) WPP Witness Protection Program WPP Wireless Packet Platform WPP Work Package Planning . During his time at Young & Rubicam, he was credited with bringing in some big accounts, including Burger King. If Viacom goes through with a plan to divide into two publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , Dolan would join the unit headed by Tom Freston Thomas E. Freston (born 22 November 1945) is an American television executive who most recently served as President and Chief Executive Officer of the post-split Viacom, until his resignation on September 5, 2006. . That group would include MTV Networks MTV Networks is a division of media conglomerate Viacom that oversees the operation of many TV network and Internet brands, including the first MTV channel. The company was established in 1984 after Warner Communications and American Express decided to divest the basic cable and Paramount Pictures. Verizon's profits for Q1 climb 47% NEW YORK - Verizon Communications
Verizon Communications, Inc. , the United States' largest telecommunications company See telecom company. , said Wednesday that profits jumped 47 percent in the first quarter thanks to healthy demand for its wireless and broadband services. The company declined to comment on the status of its takeover bid for MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Inc. Last Saturday, MCI declared that a $9.8 billion offer from Qwest Communications to purchase the company was ``superior'' to Verizon's agreement to pay $7.6 billion. Verizon's better-than-expected first-quarter earnings, however, underscored how financially stronger it is than Qwest. In fact, Verizon might be able to continue growing profitably on its own, even if it fails to acquire MCI. Emerging nations pumpimg up GE CINCINNATI - Sixty percent of General Electric Co.'s growth in the next decade will come from developing countries, with revenue from China alone expected to top $5 billion in 2005, GE's top executive said Wednesday at the company's annual meeting. ``This is a great time for your company, because we are outperforming in a slow-growth world,'' Chief Executive Jeff Immelt told shareholders. The industrial, financial and media powerhouse has won 70 percent of China's commitments for power turbine engines over the past two years along with a commitment from the country's East-West Rail line for locomotive equipment, Immelt said. The 2008 Olympic Games in Beijing would mean $1 billion in business for GE, whose jet-engine operations are based in suburban Evendale, he said. |
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