BRIEFCASE.Byline: - Staff and Wire Services Gas prices up, but by less than usual Gasoline prices in the 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. area rose for the sixth consecutive week this week, but by their smallest amount during the period, the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. reported Friday. The average price of a gallon of self-serve unleaded regular was $2.606 in the Los Angeles area Friday morning, 1.6 cents more the last week, 28 cents more than last month and 51 cents more than at this time last year. Prices rose 8.1 cents from Jan. 27 to Feb. 3, 5.9 cents from Jan. 20 to Jan. 27, 4.6 cents from Jan. 13 to Jan. 20, 16.6 cents from Jan. 6 to Jan. 13 and 1.2 cents from Dec. 30 to Jan. 6. Skechers predicts higher earnings MANHATTAN BEACH Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. - Skechers USA announced Friday that it expects fourth-quarter 2005 revenues to be in the range of $220 million-$223 million and $1.003 billion-$1.006 billion for the full year. The Manhattan Beach-based global footwear company's previously announced guidance was $210 million-$220 million for the quarter. The company now expects diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of to be 12 cents-14 cents for the fourth quarter, and $1.04-$1.06 for the full year, exceeding the First Call Consensus of 6 cents and 98 cents for the quarter and year, respectively. JAKKS finished with acquisition MALIBU - JAKKS Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance Inc. announced Friday that it has completed its $116.5 million acquisition of substantially all of the assets and liabilities of Creative Designs International Ltd. and a related Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. company. The privately held CDI CDI compact disc interactive: a system for storing a mix of software, data, audio, and compressed video for interactive use under processor control toy company, which is based in Feasterville, Pa., manufactures girls' dress-up and role-play toys, including outfits, tea sets, and pretend kitchens and vanities, and holds licenses from Disney for its classic characters, princesses and fairies. 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. JAKKS Pacific, the deal consisted of $93.3 million in cash and 150,000 shares of JAKKS common stock valued at about $3.2 million, with an additional $20 million to be based on the achievement of certain financial performance criteria. Malibu-based JAKKS Pacific is a multibrand company that designs and markets a broad range of toys and consumer products. Witness: Merck slow on warning NEW ORLEANS - Merck & Co. could have warned that its popular painkiller Vioxx might increase the risk of heart attacks as soon as the first evidence showed up, rather than waiting two years for federal approval, a former Food and Drug Administration official testified Friday. Richard Kapit said there was plenty of time to alert the public before Richard ``Dickie'' Irvin began taking Vioxx, which his widow claims caused his fatal heart attack after a month on the drug in 2001. Merck says it alerted the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. in 2000 that a study showed that heart attacks occurred five times as often in patients taking Vioxx as those on another drug, called naproxen naproxen and naproxen sodium, potent nonsteroidal anti-inflammatory drugs (NSAID) used to alleviate the minor pain of arthritis, menstruation, headaches, and the like, and to reduce fever. . The agency didn't approve the label change until April 2002. The company pulled the drug from the market in September 2004, after another study showed that it could double the risk of heart attacks. Kapit, who worked for the FDA for 16 years, mostly as a drug application reviewer analyzing adverse effects, said companies are allowed to change a drug label as soon as they apply for permission to add or strengthen a warning, precaution, or other information about a serious side effect. ``The FDA is a bureaucracy. ... You don't want to wait until it goes through all the records,'' he said. |
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