BRIEFCASE.Byline: - Staff and Wire Services IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain serves up stable Q4 entrees GLENDALE - IHOP Corp. continued its transition to a more traditional franchise restaurant company, as it reported stable fourth quarter and full-year financial results on Wednesday. For the quarter, it reported net income of $9.96 million, 53 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. , on revenue of $88 million. This represents a slight decline from the previous year's fourth quarter, where it posted net income of $10.47 million, 52 cents per share, on revenue of $94.4 million. For the full year, the company had net income of $43.9 million, $2.24 per share, on revenue of $348 million, up from net income of $33.4 million, $1.61 per share, on revenue of $359 million in the like period of 2004. IHOP shares dropped 23 cents to close at $49.30 on Wednesday. Numbers strong for 21st Century WOODLAND HILLS - San Fernando San Fernando, city, Argentina San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. Valley-based 21st Century Insurance Group Wednesday reported net income of $26.4 million, or 31 cents per share, for the fourth quarter of 2005. The company's net income was $22.5 million, or 26 cents per share, for the same period in 2004. For the full year, net income was $87.4 million, or $1.02 per share, compared to $88.2 million, or $1.03 per share, for 2004. ``We ended 2005 in very strong financial condition and with our best quarterly and full-year combined operating ratios Operating Ratio A ratio that shows the efficiency of management by comparing operating expense to net sales: in five years,'' said President and Chief Executive Officer Bruce Marlow. ``In California, our opportunities for profitable growth currently are limited, due to the lack of rate increases by competitors,'' he said. ``Outside of California, we have found good opportunities for growth. Homestore caps fees for ex-exec WESTLAKE VILLAGE - A deal announced Wednesday between Homestore Inc. and a former company executive accused of inflating company revenue caps at $11.85 million, the amount the company will pay for his defense costs. Peter Tafeen, who was the online real estate listings company's vice president for business development, is scheduled to go on trial late next month along with the company's 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. , Stuart Wolff. Federal prosecutors allege the two men had a hand in inflating revenues in an attempt to make it appear Homestore was exceeding Wall Street expectations. They are also accused of enriching themselves by selling stock options at high prices based on the inflated revenues. Google, EarthLink join Wi-Fi forces 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 - Google Inc. is joining EarthLink Inc. in a bid to build a wireless network in San Francisco that would offer basic Internet access See how to access the Internet. for free and charge about $20 per month to surf the Web at higher speeds. The partnership, revealed late Tuesday night, represents the first time that Google has acknowledged it wants help in its quest to provide free wireless, or Wi-Fi, service throughout San Francisco, where the hills could make reliable Internet connections more difficult. Google, which runs the Internet's leading search engine, and EarthLink, a major Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , had been bidding against each other but recently decided it made more sense to team up. Under the partnership, EarthLink would pay for most of the projected $15 million cost to build and maintain San Francisco's Wi-Fi network See wireless Ethernet and 802.11. over 10 years, said Don Berryman, EarthLink's president of municipal networks. Firm seeks wants early voting Early voting, is the process which voters can cast their vote on a single or series of days prior to an election. Early voting can take place remotely, such as by mail, or in person, usually in designated early voting polling stations. rights ENGLEWOOD, Colo. - Liberty Media Corp. said Wednesday it has asked regulators for permission to convert its nonvoting interest in Time Warner Inc. into voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. ahead of schedule. The Federal Trade Commission has prohibited Liberty Media from converting the stake, about 4 percent of Time Warner, until February 2007 under an order issued when Liberty Media was a subsidiary of the former cable giant Tele-Communications Inc. The diversified holding company founded by cable entrepreneur John Malone asked the commission for the right to convert the stock early so it may participate in shareholder votes and actions, Chief Executive Officer-elect Greg Maffei said. |
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