BUSINESS NOTES AEROSPACE FIRM LANDS COAST GUARD.SUN VALLEY - Hawker Pacific Aerospace Hawker Pacific Aerospace is a multinational aircraft parts and repair company based in the United States, and the United Kingdom. The company is a descendant of the Hawker Siddeley Company. It was formed in 1980 within British Aerospace, and merged with Dunlop Aviation Inc. in 1994. announced an agreement Monday with the U.S. Coast Guard for repair services to its entire fleet of 96 Eurocopter/Dauphin 2 search and rescue helicopters. The term of the agreement is one year, with four additional option years. The total revenue forecast is estimated to be as high as $19 million, 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. Dave Lokken, president and chief executive officer of the Sun Valley-based landing gear maintenance service company. - Daily News Giant acquisition goes to dot-com CENTURY CITY - Hollywood Partners.com Inc. has acquired Giants Entertainment Inc., a motion picture production and international sales company founded by filmmaker David Dadon. Key assets acquired in the merger, announced Monday, include the worldwide rights to Dadon's production, ``Very Mean Men,'' starring Matthew Modine, Ben Gazzara Ben Gazzara (born Biagio Anthony Gazzara on August 28, 1930, in New York City) is a North American actor in television and motion pictures. Born to Italian immigrants, Antonio Gazzara and Angela Consumano, Gazzara grew up on New York's tough Lower East Side. , Charles Durning Charles Durning (born February 28, 1923) is a Golden Globe Award-winning American actor of stage and screen. Biography Early life Durning was born in Highland Falls, New York to Louise and James Durning. , Burt Young Burt Young (born April 30, 1940) is an American actor, painter and author. Biography Personal life Young was born Jerry De Louise[1] in Queens, New York to parents Josephine and Michael. and Scott Baio Scott Vincent James Baio (born September 22, 1961 in Brooklyn, New York) is an American actor, who is perhaps best known for his work on the sitcoms Happy Days and Charles in Charge. . Dadon is being issued preferred Hollywood Partners shares, which have a conversion provision after a minimum of 24 months. - Daily News Amwest halts car insurance work CALABASAS - Amwest Insurance Group Inc. has ceased writing new automobile insurance policies and will phase out existing policies in the coming months, the company announced Monday. The company is reorganizing and plans to focus its attention on surety lines. - Daily News Fruit is offsetting port's car losses PORT HUENEME Port Hueneme (wī'nē`mē), city (1990 pop. 20,319), Ventura co., S Calif., on the Pacific coast; founded 1870, inc. 1948. It has an artificial deep-sea harbor and is the site of a huge naval construction-battalion (Seabee) center. - A jump in fresh fruit imports and exports is offsetting a drop in the number of vehicles arriving at the Port of Hueneme. Auto imports at the port have increased only 2 percent in the past seven months, while fresh fruit other than bananas coming in from other countries has jumped a whopping 250 percent, the port's 2001 fiscal year-to-date report shows. In the first half of the 2001 fiscal year ending in January, nearly 6,500 metric tons of imported fresh fruit entered the port. There were 1,852 tons during the same period last year. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Sales of avocados bring record year SANTA PAULA Santa Paula (săn`tə pôl`ə), city (1990 pop. 25,062), Ventura co., S Calif., on the Santa Clara River in a fertile valley that yields citrus fruits, avocados, vegetables, flowers, nursery products, and walnuts; laid out 1875, inc. - The popularity of the avocado is reflected in a record year for Calavo Growers of California, the 1,600-member cooperative that has a 37 percent share of state's avocado market with operations in Santa Paula, Temecula and Mexico. Calavo's posted revenues of $225 million in 2000 topped its record-setting $181.5 million the previous year. There are about 450 Calavo growers in Ventura County, where avocados are the county's sixth most valuable crop. - Associated Press Short-term T-bill rates post decline WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $10 billion in three-month bills at a discount rate of 4.37 percent, down from 4.52 percent last week. An additional $8 billion was sold in six-month bills at a rate of 4.22 percent, down from 4.42 percent. The three-month rate was the lowest since April 26, 1999, when the bills sold for 4.335 percent. The six-month rate was the lowest since Oct. 26, 1998, when the rate was 4.155. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , fell to 4.31 percent last week from 4.47 percent the previous week. - Associated Press |
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