BRIEFCASE.Byline: - Staff and Wire Services Luster elected to LA Inc. board WOODLAND HILLS - Gordon Luster's 33 years in the hotel business got him elected to the LA Inc. board of directors, the convention and visitors bureau announced Tuesday. Luster, general manager of the Warner Center Marriott, will serve a partial term ending at the end of June, then an additional three-year stint. He became general manager of the hotel two years ago, the latest in a long career that began with Sheraton Hotels in Chicago in 1973. In addition, he also serves as a board member of the Warner Center Association, Woodland Hills Chamber of Commerce and Valley Cultural Center. Gas futures up on refinery snag Gasoline futures surged nearly 7 percent Tuesday on word of a large refinery snag, marking an almost 50-cent-per-gallon increase over the past month that is sure to send pump prices higher. The average retail price of unleaded gasoline was $2.37 a gallon last week. Gasoline futures rose 12.27 cents to settle at $1.866 a gallon on the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. . Brokers said the rally was sparked after Amerada Hess Corp. said Tuesday that over the weekend it unexpectedly shut a gasoline producing unit at a refinery in St. Croix that it co-owns with Petroleos de Venezuela SA. Albertson's sale approved by FTC FTC See Federal Trade Commission (FTC). BOISE, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. - Albertson's Inc., the nation's second-largest grocery store chain, announced Tuesday that the Federal Trade Commission has approved the $9.7 billion sale of the company to a consortium led by Minnesota-based grocer Supervalu Inc. and drugstore chain CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corp. No divestiture of retail stores or other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. of the companies was required by the FTC and no conditions or restrictions were placed on the transaction. Delta in survival mode, says CFO See Chief Financial Officer. Delta Air Lines Inc. is ``tapped out'' and can't borrow any more money to cover its mounting losses, making deep pay and benefit cuts it is seeking from its pilots essential to its survival, the company's chief financial officer told an arbitration panel arbitration panel A group of individuals charged with resolving a dispute between individuals and/or organizations. Arbitration panels to resolve investment disputes are sponsored by self-regulatory organizations such as NASD. Tuesday. But the pilots shot back that the likely termination of their defined benefit pension plan should count for something. CFO Edward Bastian testified before the three-member panel as part of Delta's effort to void its contract with its 6,000 pilots so it can impose up to $325 million in long-term cuts. The pilots union has said repeatedly it will strike if its contract is rejected. Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. staying realistic Goldman Sachs Group Inc.'s earnings were so good, so far beyond Wall Street's forecasts, that the company's chief financial officer felt he should qualify things a little. ``One quarter's performance, weak or strong, should never be annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. ,'' said David Viniar in a call with analysts. ``I can say the environment for almost all of our businesses continues to be favorable, but conditions can change quickly.'' The first quarter of 2006 wasn't one of them, as profits surged 62 percent and the Wall Street firm's revenues reached a record $10.34 billion - more than $3 billion ahead of analysts' expectations. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion