BUSINESS NOTES BUGLE BOY BLOWS BANKRUPTCY TUNE.SIMI VALLEY Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. - Bugle Boy Bugle Boy is a brand of pants popular in the 1980s founded by Dr. William Mow in 1977. It declared bankruptcy in 2001. Bugle Boy featured men's and boys' clothing, often with a denim theme. Industries has filed for Chapter 11 bankruptcy, following a series of closures and staff cutbacks. The 24 year-old company, founded in Chatsworth by William Mow William Mow(1936-) was founder of Bugle Boy, a clothing manufacture. Shortly after he was born in Hangchow, China, his family moved to the United States. He graduated from Rensselaer Polytechnic Institute in 1959 and then earned a Ph.D. from Purdue University in 1967. , has been hurt by poor sales performance in recent years, forcing it to curtail expansion plans. Mow has been replaced as chief executive officer by Kenneth C. Henry, who said in a statement that the reorganization may displace more staff and ``adversely impact retailers.'' - Daily News Company to issue convertible notes CALABASAS - Countrywide Credit Industries Inc. on Friday said it would issue 30-year, zero coupon senior convertible notes, a move it expects will generate $500 million. Proceeds will be used to reduce debt and for general corporate purposes. The notes will be convertible into shares of Countrywide common stock if the market price of the shares reaches specified thresholds above the conversion price. The initial conversion premium is 30 percent, which would result in an initial conversion price of $64.08, based on Countrywide's closing price of $49.29 on Thursday. - Daily News Strawberries rule land near Oxnard OXNARD - Strawberry acreage is up on the Oxnard Plain The Oxnard Plain is a large coastal plain in southwest Ventura County, California bounded by the Santa Monica Mountains, the Santa Susana Mountains, and Oak Ridge (beyond which lies the Conejo Valley) to the east, the Topatopa Mountains to the north, the Santa Clara River Valley . In contrast to the rest of California, a second growing season growing season, period during which plant growth takes place. In temperate climates the growing season is limited by seasonal changes in temperature and is defined as the period between the last killing frost of spring and the first killing frost of autumn, at which and mild weather have helped growers, resulting in more acres of berries, the California Strawberry Commission said. Acreage has jumped 49 percent on the Oxnard Plain since 1997, when 5,218 acres were planted. There are 7,777 acres this year, the annual acreage survey showed. Last year, 7,591 acres were planted. ``It's really good for the local economy, and it means there will be more strawberries out there for the public to buy,'' commission spokeswoman Dominique Hansen said. Oxnard is the state's second-largest strawberry producer. The Watsonville/Salinas district, state leader in strawberry production, dropped 686 acres this year to 10,759. Santa Maria Santa Maria, city, Brazil Santa Maria (sän`tə mərē`ə), city (1991 pop. 217,592), Rio Grande do Sul state, S Brazil. It is a major railroad terminus and the site of an important military base. , north 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. and third in production, decreased 401 acres to 3,817. - Associated Press Strouds asks OK for sales to iHome INDUSTRY - Industry-based Strouds Inc., which operates 56 bed and bath stores in four states, announced Friday it it seeking approval of the sale of substantially all of its assets to iHome Inc. for $38 million. San Diego-based iHome has agreed to purchase 50 stores, two distribution centers, the corporate headquarters and additional assets, including all trade names, trademarks, copyrights and the company Web site, said Strouds President and Chief Executive Officer Thomas S. Paccioretti. The sale agreement, which is supported by Strouds' unsecured creditors' committee creditors' committee A group of lenders who seek to protect their interests in connection with a borrower that experiences financial difficulties. and the boards of directors of both companies, is subject to a formal agreement and the approval of the bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , he said. The sale motion was filed with the court on Wednesday. - City News Service Chamber leader leaving position After four years as president of the Los Angeles Area Chamber of Commerce, Ezunial Burts will be leaving the organization next month. Burts said he is considering many business opportunities that have been presented over the past several months. Burts assumed the top post at the chamber in January 1997, after serving as executive director of the Port of Los Angeles The Port of Los Angeles is located on San Pedro Bay in the San Pedro neighborhood of Los Angeles, approximately 20 miles (30 km) south of downtown. Also called Los Angeles Harbor and WORLDPORT LA , a position he held for 12 years. Under his leadership, the chamber's membership has grown in size and scope by recruiting technology, manufacturing and other emerging market companies that reflect the diverse and growing Southern California marketplace. - City News Service |
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