BRIEFLY DIODES INC. CEO FORECASTS GROWTH.Byline: - Staff and Wire Services WESTLAKE VILLAGE - Diodes Inc. predicted an improved third quarter on Tuesday, offering sales guidance of an increase of 2 percent to 4 percent increase over the previous quarter. The semiconductor manufacturer had sales of $33.4 million in the second quarter, earning it $2.2 million or 23 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. . The president and chief executive officer, C.H. Chen, said in a printed statement that new higher-margin, proprietary products had caused the growth, but would also result in higher research and development expenses. Shares rose $1.23, more than 6 percent, to close at $21.42 on the news. Gasoline prices remain inflated The average price of gasoline in the region remains above $2 a gallon, despite lower demand, increased imports from Europe and recent refinery and pipeline repairs, 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 Tuesday. While prices have begun to drop, gasoline still costs more than it did a month ago, 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. the club's monthly Fuel Gauge Report. The report is based on data gathered from monitoring transactions at 2,800 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, gasoline stations. The average price for a gallon of regular gas in the region is still 37.7 cents higher than last month, according to the report, but most cities have seen price reductions of 5 cents to 6 cents per gallon since Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. . SEC again seeks severance freeze WASHINGTON - Federal regulators on Tuesday asked a U.S. court to freeze a $23.5 million severance payment from French media conglomerate Vivendi Universal to its ousted former chairman, Jean-Marie Messier, while they investigate the company. It was the second time the Securities and Exchange Commission used its new authority under sweeping anti-fraud legislation, which was enacted amid last year's corporate scandals, to try to get special cash payments to executives suspended during an investigation into possible securities law violations. Tenet acting CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. to keep position SANTA BARBARA - Officials at Tenet Healthcare, the troubled chain of for-profit hospitals, said on Tuesday they had named Trevor Fetter as chief executive. Fetter had been serving as acting chief executive since May, when investors pressured Jeffrey C. Barbakow, who had headed the company for a decade, to step down. Wall Street analysts said the appointment of Fetter, 43, a longtime Tenet executive, was not a surprise. Fetter, who left the company in early 2000 to run a Tenet spinoff, had been brought back in November as president when accusations surfaced over improper billing and unnecessary surgery at one of its hospitals. Tenet, once a favorite among analysts and investors, is now the subject of numerous investigations by state and federal regulators, and its stock has fallen by more than two-thirds over the last year. Laptops to outsell out·sell tr.v. out·sold , out·sell·ing, out·sells 1. To surpass (another) in an amount sold: a book that outsold all others of its kind. 2. desktops at Apple CUPERTINO - Apple Computer Inc. officials said Tuesday they expect to soon be selling as many laptop as desktop computers. ``In January, we declared it the Year of the Notebook, and it's really turning out that way,'' Greg Joswiak, Apple's vice president of hardware product marketing, said at the annual Apple Expo in Paris. At the event, chief executive Steve Jobs introduced a new 15-inch PowerBook, filling out a line of portables that already make up 42 percent of the company's computer shipments - up from one-third a year ago. Weill ready to give CEO job to Prince 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 - Banking giant Citigroup is moving ahead with the closely watched change in its top leadership, announcing Tuesday that the chief executive officer, Sanford I. Weill Sanford I. Weill, commonly known as Sandy Weill (born March 16 1933) is a banker, financier and philanthropist. He was formerly the chief executive officer and chairman of Citigroup Inc. He served in those positions until October 1 2003 and April 18, 2006 respectively. , will give up that post Oct. 1 to designated successor Charles O. Prince. The transition, which was first announced in July but whose exact timing was not set, will see Weill retain the job as chairman until 2006. Robert B. Willumstad Robert B. Willumstad is the Chairman of the American International Group. He was formerly vice chairman of Citigroup. He left Citigroup in July 2005. Citigroup • • , the company's president, will take on the added title of chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Weill, who is 70, has led Citigroup since 1998, when he merged his Travelers Group with its predecessor Citicorp. UAW (spelling) UAW - Misspelling of "IAW"? leaders OK plant closures DETROIT - Plant closings or sales, along with smaller wage increases and pension payouts, are part of tentative agreements reached this week between the United Auto Workers The United Auto Workers (UAW), headquartered in Detroit, Michigan, officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union union and two of Detroit's Big Three automakers, according to sources familiar with the pacts. The UAW, Ford Motor Co. and DaimlerChrysler have declined to discuss specifics of the proposed four-year contracts, but two sources who spoke to The Associated Press on condition of anonymity said they include a $3,000 signing bonus, a lump-sum payment in the second year and wage increases between 2 percent and 3 percent in the third and fourth years. The union also managed to avoid any radical changes to its low-cost health care insurance program. Heading into negotiations, UAW President Ron Gettelfinger was adamant that the union would not move backward on its medical benefits. In exchange, automakers are expected to have more flexibility in plant closings or divestitures, something both DaimlerChrysler and Ford had sought. |
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