BUSINESS NOTES BLUE CROSS FORGES HOSPITAL ALLIANCE.THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Blue Cross of California, the California operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of WellPoint Health Networks Inc., and Tenet Healthcare Tenet Healthcare Corporation (THC) is an operating company that owns and operates 57 hospitals in the United States [1]. It is based in Dallas, Texas. Its stock ticker symbol on the New York Stock Exchange is NYSE: THC. Corp. of Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. announced on Tuesday a multiyear agreement to provide medical services to Blue Cross members at Tenet hospitals throughout California. The existing contract was set to expire April 15. The new one covers 40 Tenet hospitals until June 1, 2004, including Encino-Tarzana Regional Medical Center (both its Encino and Tarzana campuses). The new contract applies to Blue Cross HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, members, Prudent Buyer PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there members, Medicare SeniorSecure and Medicare supplemental covered people. - Daily News Computer school chain shuts down All 25 schools run by Computer Learning Center Inc. nationwide - including one in Los Angeles - were shut down Tuesday with little explanation. Last month, the U.S. Department of Education ordered the company to return $187 million in financial aid because the government didn't believe the firm was financially solvent. The center's students apparently were not told of the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. closure. An answering machine message at the CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. branch in Los Angeles indicated that all classes have been suspended until further notice. CLC officials could not be reached. - City News Service Software contract awarded to NetSol CALABASAS - Software developer NetSol International Inc. said Tuesday that its e-business subsidiary NetSol eR Inc. has been selected to develop Internet-based business applications for Clinical Interactions. The product, set for a July 2001 launch, seeks to boost productivity for physicians at the point-of-care. - Daily News Power producer sees profits soar Dynegy Inc. became the latest power generator to report increased earnings in the wake of California's energy crisis. The Houston-based company, one of the major power generators in California, said it earned $105.9 million, or 32 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in the three months ended Dec. 31, up 135 percent from the $45.1 million, or 19 cents a share, it earned in the same quarter a year earlier. The company downplayed its California sales, saying cold-weather demand in Northern states was the main reason for its increased profits. - Associated Press J.C. Penney plans to close 50 stores PLANO, Texas - J.C. Penney Co. Inc. plans to close about 50 department stores as new management tries to repair the troubled retailer, officials said Tuesday. Penney has seen its market share slip for several years as it was outflanked by discounters and trendier retailers. Analysts say the company was slow to update its stores and suffered from poor marketing and stale merchandise. - Associated Press Sega Dreamcast throwing in towel 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 - Sega Corp. is reportedly planning to stop the production of its Dreamcast game console by the end of March, focusing its efforts on developing and supplying its home software games to such rival companies as Sony Computer Entertainment and Nintendo Co. Sega will no longer accept new orders for Dreamcast, instead only assembling units from parts in inventory, according to a story in Tokyo-based The Nihon Keizai Shimbun's edition out today. Sega of America issued a statement late Tuesday, saying the company does not comment on rumors. - Associated Press |
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