BUSINESS NOTES BIOSOURCE REVEALS STOCK CONVERSION.CAMARILLO - BioSource International Inc. on Friday announced the automatic conversion of its series B preferred stock owned by Genstar Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to common stock. The preferred stock automatically converted to common stock as the last reported sales price of the company's common stock has been above $20 per share for 20 consecutive trading days on the Nasdaq National Market. - Daily News HP's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. named chairwoman also PALO ALTO - Carly Fiorina, president and chief executive of Hewlett- Packard Co., has been named to the additional post as chairwoman, becoming the first woman to hold all three top posts at a major computer company. Fiorina's new post, announced Friday, marks a nod of approval for the work she's done since July 1999 when she took the helm of the Palo Alto-based company, the world's third-largest computer maker. - Associated Press Flight delays up at summer's end WASHINGTON - Airline delays increased again in August, after tapering off a bit earlier this summer, the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control said Friday. The agency reported 47,893 delayed flights for the month, up from 44,430 in July but below the record 50,114 recorded in June. The August total was also well above the 37,189 delayed flights in August a year earlier. - Associated Press Verizon asks pass for long-distance WASHINGTON - Verizon Communications, which last year became the first Bell company to offer long-distance to its local customers in New York, now is seeking federal permission to do the same in Massachusetts. Born of the summer marriage between Bell Atlantic and GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Corp., Verizon is the nation's leading local phone and wireless provider. On Friday, it asked the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. to let it offer long-distance to its local Massachusetts customers. - Associated Press More regions fear high power prices SAN FRANCISCO - The long, hot summer is ending for San Diego's electricity customers. But millions of other Californians fear they could face the same kind of misery when deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. reaches their part of the state. San Diego-area ratepayers were horrified hor·ri·fy tr.v. hor·ri·fied, hor·ri·fy·ing, hor·ri·fies 1. To cause to feel horror. See Synonyms at dismay. 2. To cause unpleasant surprise to; shock. to see their electricity bills triple this summer when the region became the first in California to deregulate deregulate To reduce or eliminate control. One of the major forces in the financial markets in the 1970s and 1980s was the federal government's decision to deregulate interest rates. . Next up is Pacific Gas and Electric Co., with 4.5 million customers from Bakersfield to the Oregon line. It wants to lift the lid on rates next spring, or even sooner. - Associated Press |
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