BUSINESS NOTES; EXEC VP RESIGNS FROM 21ST CENTURY.Woodland Hills-based 21st Century Insurance Group said Tuesday that Paul F. Farber, executive vice president, resigned to pursue other interests effective March 17, Farber, 48, also held the position 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. . He joined the company in 1984 and held various positions in the claims, marketing and operations areas of the company. He also served as secretary for 21st Century Insurance Company of Arizona. The company is the ninth-largest personal auto insurance stock company 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. . - Daily News Tekelec, Gateway to move numbers Tekelec Inc. struck a multimillion-dollar deal with Canadian telecommunications provider Gateway to provide Gateway's carrier network with the technology to implement local number portability "LNP" redirects here. For the airport in Virginia with that IATA code, see Lonesome Pine Airport. For the compound InP, see Indium phosphide. Local number portability, (LNP) for fixed lines, and full mobile number portability . Gateway said the system will allow portability of telephone numbers across the U.S.-Canada border in its markets in Toronto, Montreal, Buffalo, Detroit and Chicago. - Daily News 2 German banks explore merger Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank AG, the world's biggest bank, said Tuesday that it is holding talks with rival Dresdner Bank Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt. History 19th century Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel. AG amid reports it is seeking a merger to create a banking colossus Colossus - (A huge and ancient statue on the Greek island of Rhodes). 1. A deal between the two banks would create an institution even larger than the planned merger involving Japanese giants Dai-Ichi Kangyo Bank The Dai-Ichi Kangyo Bank, Limited (株式会社第一勧業銀行 , Fuji Bank The Fuji Bank, Limited (株式会社富士銀行 and the Industrial Bank of Japan. Those companies agreed in August to combine by 2005 to create a bank with just over $1 trillion in assets. Analysts said a merger of the German institutions would help them join the top echelon of worldwide investment banks, an ambition of both. - Associated Press DaimlerChrysler files appeal in suit DaimlerChrysler asked a federal appeals court Tuesday to overturn a $262.5 million judgment against the company over allegations that it manufactured minivans with defective rear door latches. In papers filed with the 4th U.S. Circuit Court of Appeals, the company cited ``numerous errors by a lower court and a staggering verdict premised on a misleading depiction of events.'' DaimlerChrysler, formed by the merger of Chrysler Corp. and Daimler-Benz AG in late 1998, said it should get a new trial because the company was not allowed to submit evidence about the circumstances surrounding the fatal crash in North Charleston, S.C., that prompted the suit. - Associated Press |
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