BRIEFCASE.Byline: - Staff and Wire Services CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. talking about acquiring Sav-on BOISE, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. - Drugstore chain CVS Corp. said Thursday it has been in discussions with Boise-based Albertson's Inc. regarding the purchase of the supermarket chain's Sav-on and Osco drugstores. But CVS, a Rhode Island-based company that operates more than 5,400 retail and specialty pharmacy stores nationwide, said no agreement on any transaction between the company and Albertson's has been reached. It canceled a planned conference call with analysts Thursday morning after reports that the supermarket chain had ceased negotiating with bidders and was planning alternatives to selling the entire company. The 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 Times cited unidentified sources Thursday in saying Albertson's broke off negotiations Wednesday night with a group of investors that was bidding for the company. Agency accepts energy-firm pact WASHINGTON - The U.S. Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. said Thursday it has accepted a $512 million settlement with Reliant Energy Reliant Energy, Inc., based in Houston, Texas, is a non-utility, retail and wholesale electricity provider. In Texas, it provides service to nearly 1.9 million retail electricity customers, including residential and small business customers and commercial, industrial, Inc., California utilities and commission staff to resolve claims stemming from the 2000-01 Western energy crisis. Specifically, the settlement resolves claims that the Houston-based merchant generator charged unfairly high prices for electricity during the crisis. ``This marks another significant milestone in bringing closure to the 2000-2001 energy crisis,'' FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability Chairman Joseph T. Kelliher said. Calpine pushes to void contracts NEW YORK - Calpine Corp. asked a federal judge to void eight power-supply agreements as part of the company's bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party , including a massive, politically sensitive contract that serves the California utility Pacific Gas & Electric Co. Calpine, a power producer and marketer based in San Jose, would lose $1.2 billion if forced to supply power through the expiration of all eight contracts, it said Wednesday in a filing with the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. of the Southern District of New York. Calpine signed the contracts between 2001 and 2003, when natural gas, the main fuel for Calpine's power plants, was much cheaper than it is today. Calpine customers with threatened contracts are Edison International unit Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. , Acadia Power Partners, PG&E unit Pacific Gas & Electric Co., Reliant Energy Electrical Solutions, and the Northern California Power Agency and Strategic Energy, which is the retail supply subsidiary of Great Plains Energy. UPS pilots seek impasse in talks ATLANTA - UPS pilots will ask the National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the to declare contract talks at an impasse and start a countdown toward what would be their first strike, union officials said Thursday. ``Our hand has been forced,'' said Tom Nicholson, president of the Independent Pilots Union, which represents 2,400 UPS fliers. ``We no longer believe UPS is serious about reaching an agreement.'' But UPS spokesman Mark Giuffre said that the two sides were making meaningful progress in talks this week and that the company expects a negotiated settlement. Civil charges filed against managers WASHINGTON - The Securities and Exchange Commission on Thursday filed civil charges against two former San Francisco hedge-fund managers, accusing them of making thousands of illegal trades that cheated mutual funds out of $49 million between 2000 and 2003. Brent Federighi, 34, and Michael Hoffman, 42, were accused of making the trades on behalf of the $130 million Ilytat hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , which they co-managed. Federighi was also charged with his trading in the $55 million Gage Capital hedge fund, which he managed after Ilytat closed. ``We were disappointed that they decided to go ahead with the filing of the lawsuit,'' said Bill Goodman, an attorney for Federighi. ``It has utterly no merit whatsoever, and we're convinced that we will prevail in court.'' |
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