BRIEFCASE.Byline: - Staff and Wire Services 2 Doc Hollywood companies merge Doc Hollywood Kidz will acquire Doc Hollywood Records Hollywood Records is a record label owned by Disney. It mainly focuses on pop music. The label was started in 1989 and initially distributed by Elektra Records in the US and Canada until 1995 when distribution switched to PolyGram (which became Universal Music Group in 1998. , the companies announced Tuesday. Under the new arrangement, Doc Hollywood Records will focus on acquiring and releasing soundtracks to films, such as the company's recently released CDs from ``Hide and Seek'' starring Robert De Niro Noun 1. Robert De Niro - United States film actor who frequently plays tough characters (born 1943) De Niro and ``The Singing Detective'' with Robert Downey Jr. Financial terms were not disclosed. Northrop to settle, pay $62 million CENTURY CITY - Defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. has agreed to pay $62 million to settle fraud charges brought by two whistle-blowers over work it did on the B-2 stealth bomber and other government contracts. The settlement ends a 15-year-old civil suit first brought by four former Northrop Grumman workers in Illinois. Two of those plaintiffs later dropped out of the case. The lawsuit was scheduled for trial in June. Revenues for IRIS jump 20% in Q4 CHATSWORTH - IRIS International Inc. posted a 20 percent increase in fourth-quarter revenue Tuesday, bolstered in part by sales of its automated urinalysis urinalysis (y  r'ənăl`ĭsĭs), clinical examination of urine for the purpose of medical diagnosis. analyzer.
The Chatsworth-based company reported fourth-quarter revenue of $12.2 million compared with $10.2 million in the same period a year ago. Assuming a 40 percent tax rate, IRIS saw net income of $830,000, or 5 cents a share, compared with $80,000, or 1 cent a share, in the year ago period. IRIS shares shed 20 cents, to $10.50, Tuesday on the Nasdaq market. Both GM, Ford see drop in Feb. sales DETROIT - General Motors Corp. and Ford Motor Co. posted sales declines last month, contributing to costly production cuts at the nation's two largest automakers, while Japanese rivals and the smallest of Detroit's Big Three made impressive gains. Industrywide in·dus·try·wide adv. & adj. Throughout an entire industry: sales that have decreased industrywide; industrywide cooperation. , vehicle sales were off 1.9 percent from last February. The seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. sales rate was 16.3 million units, up slightly from 16.2 million in January but off from 16.5 million a year ago. |
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