BUSINESS NOTES AMC WILL DARKEN SOME 300 SCREENS.KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. - Movie theater chain AMC (Advanced Mezzanine Card) See AdvancedTCA. Entertainment Inc. plans to close nearly 300 screens during the next three to four years. AMC spokesman Rick King said Thursday that 80 of the company's 181 theaters - 548 of 2,774 screens - are on a watch list for possible closure. ``We do not have a specific plan to close specific theaters at specific times,'' King said. The past year was tough for the movie theater operators. United Artists Theater Co., Edwards Cinemas, Carmike Cinemas and General Cinemas filed for bankruptcy. - 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. NetSol gets funds to beef up growth CALABASAS - NetSol International Inc., which develops customized software applications, closed $2 million equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , the company announced Thursday. Financing - $1 million has been funded and the second $1 million will be funded by Feb. 20 - will be used to accelerate the company's growth. - Daily News JB Oxnard trims work force, costs Thirty-two administrative and support positions at broker JB Oxford & Co. have been cut in an effort to trim costs, the company announced Thursday. The positions were in Oxford's Los Angeles, Miami and 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 offices. No personal brokers or traders were affected. - Daily News Bonds.com deal is off for Amwest CALABASAS - Amwest Insurance Group Inc. announced Thursday that its discussions with Bonds.com Inc. about a potential sale or merger have terminated. Amwest's board of directors will continue working with advisers to reorganize. - Daily News L.A. homes show median-price rise Pacific Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). , Malibu and San Marino were among the 10 communities with the highest median home prices statewide in December, at $775,000, $750,000 and $745,000, respectively, newly released statistics show. And San Juan Capistrano San Juan Capistrano (săn wän kăpĭsträ`nō), city (1990 pop. 26,183), Orange co., S Calif.; inc. 1961. San Juan Capistrano has some manufactures, including aircraft parts, medical apparatus, and boats, but the economy is , West Hollywood and Lancaster were among the cities and communities statewide with the greatest median home price increases in December compared with the same period a year ago, according to the California Association of Realtors. In Los Angeles, the median home price in December was $220,620, an 11.2 percent year-over-year increase, but sales were down 4.4 percent from December 1999. - City News Service Peet's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. elicits a tepid response EMERYVILLE, Calif. - The initial public offering of Peet's Coffee and Tea Inc. received a lukewarm reaction in the company's stock market debut Thursday. Shares in the Emeryville-based coffee maker and retailer gained $1.38 from its IPO price of $8 to close at $9.38 on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . The first-day increase of 17 percent represents a modest gain by recent IPO standards. - Associated Press Microsoft's sites targets of attack REDMOND, Wash. - Hackers blocked access to several Web sites owned by Microsoft Corp. on Thursday, just one day after the software giant corrected an employee's error that caused consumers to be blocked from its sites. The so-called ``denial-of-service attack'' occurred Thursday morning, intermittently keeping Web surfers shut out from Microsoft Internet properties such as Microsoft.com and MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). .com, the company said in a statement. - Associated Press |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion