BRIEFCASE.Byline: - Staff and Wire Services UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX gets million to fund law chair WESTWOOD - The UCLA School of Law The UCLA School of Law is the law school of the University of California, Los Angeles. It is generally regarded as the top law school in Southern California, as well as one of the top fifteen law schools in the United States. announced Monday that it had received a $1 million pledge from an international law firm to establish the Paul Hastings Endowed Chair in Corporate and Securities Law. The Paul Hastings Chair will support the teaching, scholarship and service activities of a faculty member by underwriting research projects and funding graduate research assistant support. Viacom pieces trading on NYSE NYSE See: New York Stock Exchange 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 - Viacom Inc. took another step toward splitting up Monday when shares of the new media companies it would become began trading on a preliminary basis. The split, to be completed by the end of the year, would create a company based on Viacom's cable networks, including MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. and VH1, and another built around CBS (Cell Broadcast Service) See cell broadcast. and a group of TV and radio stations and other properties. Shares in the two companies, to be called Viacom Inc. and CBS Corp., began trading on a preliminary, or ``when-issued'' basis, on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. on Monday. The when-issued shares in the new Viacom Inc. closed at $42.80 on the NYSE, while those of CBS closed at $26.70. The split also resolves the issue over who will succeed Sumner Redstone as chief executive of Viacom. Former MTV chief Tom Freston will lead the new Viacom Inc., while former CBS honcho Honcho A slang term describing the leader or person in charge of an organization. Notes: The CEO of a company could be referred to as the honcho or "head honcho." See also: CEO, CFO, COO, Insider, Leprechaun Leader Leslie Moonves will lead the new CBS Corp. Westin planning to go smoke-free WHITE PLAINS, N.Y. - A major hotel chain is going smoke-free next month and will add $200 to the bill of anyone who violates the policy, an executive said Monday. Westin Hotels & Resorts is banning smoking indoors and poolside at all 77 of its properties in the United States, Canada and the Caribbean, said senior Vice President Sue Brush. T-bills on the rise in Monday auction WASHINGTON - Interest rates on short-term Treasury bills rose in Monday's auction with the six-month bill climbing to the highest level in three weeks. The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 3.930 percent, up from 3.900 percent last week. An additional $16 billion in six-month bills was auctioned at a discount rate of 4.185 percent, up from 4.155 percent last week. The discount rates reflect that the bills sells for less than face value. For a $10,000 bill, the three-month purchase price was $9,900.66 while a six-month bill sold for $9,788.43. |
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