BUSINESS BRIEFLY.Another merger: California United Bank and Home Bank announced Wednesday that their parent companies signed a definitive merger agreement to create Southern California's ninth-largest independent bank. CU Bancorp, Encino-based, is acquiring Signal Hill-based Home Interstate Bancorp for approximately 1.4 shares of stock for each share of Home Interstate Bancorp. The $150 million deal, pending regulatory approval, would give Home Interstate shareholders a 52 percent stake in the new company and CU Bancorp investors a 48 percent stake. The combined institution would have more than $810 million in assets and 22 branches 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. , Ventura and Orange counties. Stephen Carpenter Stephen Carpenter, (born August 3, 1973) is a US musician, the lead guitarist and occasional multi-instrumentalist in Deftones. When Carpenter was younger, he was hit by a drunk driver, named Thomas Degeneffe, who broke both his legs, and was confined to a wheelchair for , CU Bancorp chairman and chief executive, will retain those positions under the merged bank, while James Staes, Home Interstate's chief executive, will become vice chairman. Going for the gold:Shut out by NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. in 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. , Rupert Murdoch is offering a reported $2 billion for European broadcast rights to the first five Olympic Games of the next century. The IOC IOC abbr. International Olympic Committee IOC n abbr (= International Olympic Committee) → COI m IOC n abbr (= confirmed Wednesday that a consortium backed by Murdoch's News Corp. submitted a bid to secure exclusive European television coverage of the Games between 2000 and 2008. "We are studying the offer," IOC director general Francois Carrard said by telephone from Lausanne, Switzerland. "It is not the only offer." Patent champs: IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp. received the most U.S. patents in 1995, topping the list for the third consecutive year. International Business Machines Corp. got 1,386 patents, the research firm IFI/Plenum Data Corp., which compiles an annual list, said Wednesday. Japan's Canon Inc., the computer, camera and copier maker, was second with 1,091. Motorola Inc., maker of computer chips, cellular phones and other technologies, was third with 1,016. Motorola had the fastest growth among major companies, rising from ninth place in 1994, said IFI/Plenum. |
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