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Byline: - Staff and Wire Services

Living space over druggist An individual who, as a regular course of business, mixes, compounds, dispenses, and sells medicines and similar health aids.

The term druggist may be used interchangeably with pharmacist.

A nonprofit developer of affordable housing unveiled a $20 million mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses.  in Hollywood on Friday that combines 56 units with a Walgreens drug store.

``Views at 270'' at Sunset Boulevard Sunset Boulevard is a street in the western part of Los Angeles County, California, that stretches from Figueroa Street in downtown Los Angeles to the Pacific Coast Highway at the Pacific Ocean in the Pacific Palisades.  and Western Avenue is the first project in 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.  to combine a national retailer with low-cost living space, according to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 the Hollywood Community Housing Corp.

Commercial developer Village Properties purchased the land, and HCHC HCHC Henry County Health Center (Iowa)
HCHC High Carbon High Chromium
HCHC Haines City Hardcore (Florida) 
 acted as the master developer to construct the retail space, housing and subterranean parking, in return for the development and ownership of the units above Walgreens.

Gasoline cheaper for second week

Gasoline prices moved lower for the second straight week through most of the Los Angeles area, according to the Automobile Club of Southern California's Weekend Gas Watch.

The average price of self-serve regular gasoline in the region is $2.603, which is 1.6 cents lower than last week, 20 cents higher than last month and 43 cents higher than last year.

Spending, income increase in March

WASHINGTON - Americans' incomes rose by 0.5 percent in March, the best showing in three months, and they used the extra money to boost consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level.  by 0.6 percent, the government reported Friday.

The Commerce Department said the March income gain followed a 0.4 percent rise in February and was the best since a 3.7 percent surge in December, a month when the income figure soared because of a special dividend payment made by computer software giant Microsoft.

The 0.6 percent increase in consumer spending was down only slightly from a 0.7 percent gain in February and no increase at all in January. Both the rise in incomes and spending came in better than economists had expected, bucking a recent trend in which other March statistics showed economic activity slowed significantly during the month.

ChevronTexaco Q1 profits up 4%

SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:

  • San Ramón de la Nueva Orán, a city
Costa Rica
  • San Ramón, Costa Rica, the municipality of San Ramón
 - ChevronTexaco Corp.'s first-quarter profit edged up by 4 percent, but didn't live up to analysts' expectations because oil refinery outages prevented it from taking full advantage of the high gasoline prices that have been tormenting motorists.

The second-largest U.S. oil company said Friday it earned $2.67 billion, or $1.28 per share, for the three months ended in March. That compared with net income of $2.56 billion, or $1.20 per share, in the same period last year.

Revenue for the period totaled $41.61 billion, a 24 percent improvement from $33.57 billion in the same period last year.

The earnings missed the mean estimate of $1.38 per share among analysts surveyed by Thomson Financial Thomson Financial

A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings

Saks subsidiaries sold to Belk Inc.

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
 - Marking the first step in the breakup of Saks Inc., the Birmingham, Ala.-based department store operator on Friday said it is selling its Proffitt's and McRae's department stores to privately held retailer Belk Inc. for $622 million in cash as it considers selling its northern mid-priced department store group.

Saks, however, said it will retain and continue to operate its luxury Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New  Enterprise division, as well as its upscale Parisian stores.

Upon completion of the transaction, which has been approved by the boards of directors of both companies, Belk, based in Charlotte, N.C., will operate a total of 275 stores in 14 states with an estimated annual sales volume of $3.15 billion.

Toys 'R' Us shows Q4 profit of 67%

NEWARK, N.J. - Toys 'R' Us Inc., which expects to be sold by the end of July to a private consortium, on Friday released its delayed financial results, showing that its profit surged 67 percent during its fourth quarter, which includes the critical December holidays for the nation's second-largest toy seller.

Earnings for the three months ended Jan. 29 were $259 million, or $1.18 a share, compared to $155 million, or 72 cents a share, for the same period a year earlier. The fourth quarter of 2004 included a legal settlement with Visa and MasterCard that resulted in a $20 million gain, a gain of $14 million from the sale of a toy store in Santa Monica and $15 million in gains related to the sale of former Kids 'R' Us locations.
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Apr 30, 2005

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