BRIEFCASE.Byline: - Staff and Wire Services Officials approve Rocketdyne sale CANOGA PARK - Boeing Co. completed the sale of its Rocketdyne unit - which provided engines for the space shuttle space shuttle, reusable U.S. space vehicle. Developed by the National Aeronautics and Space Administration (NASA), it consists of a winged orbiter, two solid-rocket boosters, and an external tank. - to United Technologies Corp. after regulators approved the deal, officials said Thursday. Hartford, Conn.-based United Technologies said its Pratt & Whitney space propulsion unit will now be known as Pratt & Whitney Rocketdyne and be headquartered at the Canoga Park facility. When the deal was announced in February, United Technologies said the cash purchase price was about $700 million, equal to Rocketdyne's 2004 sales. Last week, officials at the Federal Trade Commission announced they had completed a review of the sale without taking action, 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. a statement by lawyers for United Technologies. Rocketdyne was started in Canoga Park in 1955 as a separate division of North American Aviation North American Aviation was a major US aircraft manufacturer. The company was responsible for a number of historic aircraft, including the T-6 Texan trainer, the P-51 Mustang fighter, the B-25 Mitchell bomber, the F-86 Sabre jet fighter, and the X-15 rocket plane, as well as Apollo Inc., which later became part of Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. Corp. Homestore sees strong Q2 results WESTLAKE VILLAGE - Internet portal Homestore Inc. said Thursday that its second-quarter results were the strongest in more than three years. The Westlake Village-based company said it earned $3.3 million in the quarter, equal to 2 cents a share, after losing $4.3 million, or 3 cents, in the like period a year ago. Revenue totaled $63.3 million, up 16 percent from $54.3 million in the second quarter of 2004. Second-quarter results include legal expenses of $4.2 million related to the company's obligation to advance the defense costs of former officers accused of inflating sales figures sales figures npl → cifras fpl de ventas . Homestore said it will continue to incur expenses in subsequent quarters as further defense costs are incurred until the case is resolved or it is determined the company is no longer responsible for them. Ex-Wal-Mart exec to lead Microsoft REDMOND, Wash. - Microsoft Corp. said Thursday it had hired an executive who spent nearly 20 years in the upper ranks of Wal-Mart management to become the software maker's first chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. in more than three years. Kevin Turner, president and chief executive of Sam's Club Sam's Club is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc. History The first Sam's Club opened in April 1983 in Midwest City, Oklahoma in the United States.[1] Sam's Club is named after Sam Walton. , Wal-Mart Stores Inc.'s warehouse club, will join Microsoft on Sept. 8. July sales slump at U.S. retailers 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 - July was a quiet and disappointing month for many of the nation's retailers, who were left with only modest sales gains after selling most of their summer merchandise during June. Consumers were more interested in spending at auto dealers than malls last month, and hot weather wilted wilt 1 v. wilt·ed, wilt·ing, wilts v.intr. 1. To become limp or flaccid; droop: plants wilting in the heat. 2. sales of some early fall items like sweaters. Largely because of an employee discount promotion, General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group saw their combined results climb 26.5 percent in July. Apparel sellers weren't that lucky - sales were sluggish at retailers. |
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