BRIEFCASE.Byline: -- Staff and Wire Services Job program gets second life About 7,000 Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County teenagers will be able to gain job experience this summer because county supervisors voted to fund a youth employment program cut by the state, supervisors said Friday. Supervisors voted earlier this week to allocate $6.5 million from the county's General Fund to retain the Summer Youth Jobs Program. The money is enough to employ about 7,000 teens, supervisors said. ``This is a 25-year-old program, and without the proper funding to be able to go forward and continue this, obviously it would have been dramatic,'' said Supervisor Don Knabe Donald R. Knabe (born October 15, 1943 in Illinois) is a member of the Los Angeles County Board of Supervisors, serving the Fourth District, a crescent shaped district that covers the coastline from Marina Del Rey southward to Long Beach, and southeastern Los Angeles County to , who first urged his colleagues to spend money to save the program. Travel unit sold for $4.3 billion 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 -- Travel and real-estate services company Cendant Corp. agreed to sell its travel distribution services unit to an affiliate of private- equity firm Blackstone Group Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta, for $4.3 billion in cash, Cendant said Friday. The move is part of a plan announced in October to split Cendant, the owner of Days Inn and Cheaptickets.com, into four companies by selling three of its units. The company plans to spin-off Realogy Corp. and Wyndham Worldwide Wyndham Worldwide (NYSE: WYN) is the holding company for Wyndham Hotels & Resorts and other lodging brands. It was spun off from Cendant Corporation in July 2006. Hotel franchises
The sale of the unit, recently renamed Travelport, includes global distribution system Galileo, which serves more than 50,000 travel agencies and more than 60,000 hotels; Gullivers Travel Associates, an online provider of hotel rooms, travel packages and group tours; online travel agencies CheapTickets.com and Orbitz; and other travel-related assets. UPS, pilots union reach agreement ATLANTA -- UPS Inc. and its pilots union have reached a tentative agreement on a new contract, which, if approved, would end a stalemate stale·mate n. 1. A situation in which further action is blocked; a deadlock. 2. A drawing position in chess in which the king, although not in check, can move only into check and no other piece can move. tr.v. that dragged on for more than three years and included the pilots' threat of a strike, the union said Friday. The union said in a statement that the agreement would run through 2011 and must be ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. by the nearly 2,500 pilots at the Atlanta-based company. Terms of the new contract were not immediately disclosed, though the union said it included wage and pension improvements and a variety of changes to work rules. Pilots at the world's largest shipping carrier had been making on average more than $175,000 a year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. |
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