BUSINESS NOTES CHEVRON NEAR DEAL TO BUY OUT TEXACO.Chevron Corp., the United States' third-largest oil company, is close to an agreement to acquire Texaco Inc. for about $36 billion in stock plus the assumption of debt, 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. executives close to the negotiations. Both boards are planning to meet over the weekend, and an announcement of the deal, which would create the fourth-largest oil concern in the world, could be made as early as Monday, the executives said. The deal would combine the former Standard Oil Co. of California, which is now known as Chevron, based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , with Texaco, based in White Plains, N.Y. The agreement would come more than a year after Texaco's board rejected a formal proposal from Chevron to acquire it for about $37.5 billion, citing unacceptable ``complexity, feasibility, risk and price'' as the reasons for abandoning the deal. - The 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 Times Ovitz's Web firm owes $100 million Beverly Hills-based Scour scour, scours 1. the chemical and physical cleaning of fleece wool. 2. diarrhea. dietetic scour see dietary diarrhea. peat scour see secondary nutritional copper deficiency. Inc., an online media company backed by former Hollywood agent Michael Ovitz Michael S. Ovitz (b. December 14 1946, Los Angeles, California) is a former talent agent and Hollywood powerhouse who served as the head of the Creative Artists Agency from 1975 to 1995. , said Friday that it has $100 million in potential liabilities. The Beverly Hills-based company, founded in 1997, facilitates the online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. of movies and music through its Web site, www.scour.com. But high costs, investors' cold feet and threatened lawsuits forced the company's leaders to seek protection from creditors Thursday under Chapter 11 of the federal bankruptcy code Bankruptcy Code may refer to:
The company could face liabilities of $100 million because of several claims by conglomerates that it allowed media to be traded without the permission of copyright holders. On July 20, the Motion Picture Association of America, the Recording Industry Association of America and the National Music Publishers Association sued Scour, alleging copyright infringement. - City News Service Car seat company recalls product Century Products Co. recalled 4 million infant car seats Friday because they have defective handles that can break and cause serious injuries to babies. The handle can break when the seat is used as a carrier, causing an infant strapped inside to fall to the ground, said Barbara Riggins, a spokeswoman for Century's parent company, Graco Children's Products Inc. of Elverson, Pa. Century is providing free replacement handles to consumers who call the company's toll-free hotline at (800) 865-1419. Within the first few hours of the recall Friday, more than 4,000 people called the hotline, Riggins said. The recalled seats have caused safety problems only when used as a carrier, not when it's in a car. Parents should continue using the carriers as car seats, said Sue Bailey, an administrator with the federal National Highway Traffic Safety Administration The National Highway Traffic Safety Administration (NHTSA, often pronounced "nit-suh") is an agency of the Executive Branch of the U.S. Government, part of the Department of Transportation. . - Associated Press THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters wins rights to publish Tetris Tetris (Russian: Тетрис) is a , released on a large spectrum of platforms. Alexey Pajitnov originally designed and programmed the game in June 1985[1] Calabasas-based THQ Inc. announced Friday that it has secured the rights to publish Tetris, one of the most popular video games ever created, on several systems including PlayStation 2, Xbox, GameBoy Advance and personal computers. The electronic puzzle game has sold more than 55 million units worldwide since it was first released for computers in 1988. The agreement extends to 2004 and was reached with Tetris developer Blue Planet Software and the Tetris Co. - Daily News |
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