BRIEFCASE.Byline: - Staff and Wire Reports
It's coming soon - to your cell phone
Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. and Twentieth Television announced a two-year agreement Monday that would bring two direct-to-mobile series to customers.
Twentieth Television will produce one-minute original so-called ``mobisodes'' of the serial dramas ``Love and Hate'' and ``The Sunset Hotel.'' They will be designed specifically for V CAST, the new 3G multimedia wireless service from Verizon, and Vodafone's 3G Live!.
``Love and Hate'' introduces a production approach that Twentieth Television calls ``manipulated reality'' in which cast members work without a script and involve everyday citizens into their improvised im·pro·vise
v. im·pro·vised, im·pro·vis·ing, im·pro·vis·es
1. To invent, compose, or perform with little or no preparation.
2. performances. ``The Sunset Hotel'' will be entirely scripted.
Occidental reports Q4 profits are up
Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Corp.'s fourth-quarter profit improved 74 percent amid higher prices for crude oil, natural gas and chemicals.
The petroleum company said Monday its net income increased to $665 million, or $1.64 a share, from $382 million, or 97 cents a share, in the fourth quarter a year ago.
The Los Angeles-based company's profit before items totaled $1.85 a share, below Wall Street's earnings estimate of $1.92 a share, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a survey of analysts by Thomson First Call.
Grocers and unions reach new contract
SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. - Three major grocers and the labor unions representing workers in hundreds of stores in the Bay Area have agreed to a new contract, ending months of discord and avoiding another costly supermarket strike in California.
The tentative truce, announced Monday, comes nearly 11 months after the same three grocers - Kroger, Albertsons and Safeway - settled a prolonged Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, strike that left deep financial scars.
At a news conference Monday afternoon, union leaders involved in a 15-day bargaining session with the chains praised the agreement as ``the best grocery store contract in the nation.''
The contract, affecting about 30,000 workers, includes compromises by both sides, particularly with respect to health coverage.
Venture investment is on the rise again
SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Venture capitalists accelerated their investment pace by 11 percent in 2004, marking the first year that the industry has poured more money into startups since the dot-com crash.
A total of 2,876 investment deals attracted $20.9 billion in venture capital last year, up from $18.9 billion in 2003, according to data released late Sunday by the National Venture Capital Association, Thomson Venture Economics and PricewaterhouseCoopers.
T-bill rates tumble in Monday auction
WASHINGTON - Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to the lowest level in three weeks.
The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 2.320 percent. Another $16 billion in six-month bills was auctioned at a discount rate of 2.610 percent.
The three-month rate was down from 2.360 percent last week and was the lowest since three-month bills averaged 2.275 percent on Jan. 3. The six-month rate was down from 2.635 percent last week and was the lowest since 2.600 percent on Jan. 10.
In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage.
An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , edged up to 2.87 percent last week from 2.85 percent the previous week.
Netflix reporting Q4 profits are up
SAN FRANCISCO - Netflix Inc.'s fourth-quarter profit more than doubled as the online DVD rental Online DVD rentals allow a person to rent DVDs by mail. Generally, all interaction between the renter and the rental company takes place through the company's website. How it works
Most companies operate on the following model:
tr. & intr.v. stiff·ened, stiff·en·ing, stiff·ens
To make or become stiff or stiffer.
stiff competition from its much larger rivals.
The Los Gatos-based company said Monday that it earned $4.8 million, or 8 cents per share Cents per share
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , during the final three months of last year. That compared with net income of $2.3 million, or 4 cents per share, during the same 2003 period.