BRIEFLY YOUBET.COM TAPS CHAMPION AS CEO.Byline: - From staff and wire reports WOODLAND HILLS - Youbet.com, an online wagering company, named Charles Champion president, chairman and chief executive officer Wednesday - a move that follows several management changes in recent weeks. The Woodland Hills-based company announced two weeks ago that co-founder David Marshal was named chairman and chief executive officer. However, the company felt it would be better positioned with Champion at the helm. Prior to Youbet.com, Champion was president and publisher of Access Magazine, an Internet publication. JB Oxford buying 3,800 accounts JB Oxford & Co., a Los Angeles-based discount brokerage A discount brokerage is a business that charges clients significantly lower fees than traditional brokerages, typically offering comparatively fewer services and/or advice. service, announced Wednesday it is purchasing the customer accounts of Wall Street Equities, a New York-based discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. . Under the terms of the all-stock transaction, JB Oxford will acquire about $140 million in customer assets and 3,800 customer accounts located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Additional terms of the transaction were not disclosed. ``With the purchase of Wall Street Equities' accounts, JB Oxford is continuing its strategy to expand through acquisitions,'' said JB Oxford Holdings Chairman and Chief Executive Officer Chris Jarratt. Skechers expects boost in 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 Inc., a Manhattan Beach-based footwear company, announced Wednesday that its first quarter earnings should exceed First Call consensus estimates of 34 cents by at least 25 percent. The company also expects to report first quarter 2002 sales in excess of $235 million. The company will release first quarter results before the end of April. The company designs, develops and markets branded footwear for men, women and children. Ex-SEC chairman named to board COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. - Former SEC Chairman Roderick Hills was elected to the board of Costa Mesa-based ICN ICN International Council of Nurses. Pharmaceuticals Inc., it was announced Wednesday. Hills chaired the Securities and Exchange Commission from 1975-77 and before that was White House counsel to President Gerald Ford. In 1962, he was founding partner of 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. law firm Munger & Hills, now known as Munger, Tolles and Olson, and is now a partner in the Washington, D.C., firm Hills & Stern. Hills has served on the board of several public companies, and is presently on the boards and chairs the audit committees of Chiquita Brands International Inc. and Orbital Sciences Corp. AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. customers' e-mail access cut DULLES, Va. - An upgrade to America Online's e-mail system caused a small percentage of AOL users to temporarily lose access to their e-mail from remote locations on Tuesday and Wednesday. The problem affected ``a very small percentage'' of users who tried to gain access to their e-mail from the aol.com Web site, said spokesman Nicholas Graham. Normally, AOL customers access their e-mail accounts e-mail account n → cuenta de correo through AOL's internal network. When customers don't have access to their regular AOL accounts, though, they can also send and retrieve e-mail from any computer linked to the Internet through the aol.com Web site. |
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