BUSINESS NOTES COMPANIES OFFER BLACKOUT DEFENSE.CHATSWORTH - Mindful of blackout-wary firms' desire to avoid kinks in their power supply, Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corp. and MGE Mge Mycoplasma Genitalium MGE Minneapolis Grain Exchange MGE Madison Gas and Electric Company MGE Mobile Genetic Elements MGE Maintenance Ground Equipment MGE Microstation Graphics Environment MGE Modern Gun Effectiveness Model MGE Modular Gis Environment UPS Systems have joined forces. MGE will now market its uninterruptible power systems with Capstone's microturbines, pushing the combined rig as a way for companies to keep their production online no matter what the condition of the overall power grid. Terms of the deal were not disclosed. One million visit Universal in Japan UNIVERSAL CITY - Universal Studios Japan Universal Studios Japan (ユニバーサル・スタジオ・ジャパン has reached the 1 million visitor mark faster than any theme park in history, Universal Studios Recreation Group reported Tuesday. The milestone was reached 37 days after the park's grand opening on March 31, said Tom Williams Tom Williams can refer to:
T-bill rates mixed in Tuesday sale WASHINGTON - Interest rates on short-term Treasury securities were mixed in Tuesday's auction. The Treasury Department sold $12 billion in three-month bills at a discount rate of 3.605 percent, up from 3.540 percent last week. An additional $10 billion was sold in six-month bills at a rate of 3.550 percent, down from 3.640 percent. The three-month rate was the highest since May 14, when the bills sold for 3.630 percent. The six-month rate was the lowest since Feb. 22, 1994, when the rate was 3.53. In a separate report, the Federal Reserve said Tuesday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 3.78 percent last week from 3.76 percent the previous week. Lucent's merger talks break down 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 - Merger talks between French telecommunications giant Alcatel SA and Lucent Technologies Inc. were called off Tuesday after intense negotiations over the long holiday weekend failed to yield an agreement. In a statement, both companies said that the negotiations in Paris had failed, but didn't disclose why they ended the talks. Sources close to the negotiations said issues over corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and management of the combined company were the main roadblocks preventing a deal that would have led to one of the largest takeovers of a U.S. technology group by a European company. But Lucent officials balked balk v. balked, balk·ing, balks v.intr. 1. To stop short and refuse to go on: The horse balked at the jump. 2. because they did not believe that Alcatel was treating the deal as a merger of equals. EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp. to cut ranks by 4 percent HOPKINTON, Mass. - Data storage company EMC Corp. said Tuesday it will cut 1,100 jobs, or 4 percent of its worldwide work force, in an effort to cut its operating costs. Its stock price dropped more than 8 percent by midday. About three-quarters of the job cuts will be domestic, said EMC spokesman Mark Fredrickson. AT&T investors trade for wireless NEW YORK - AT&T Corp. investors are trading in a combined 372.6 million shares of their stock in exchange for shares in the company's wireless business, which is slated to be spun off as an independent concern this summer. About 438.2 million shares of AT&T Wireless Group will be issued to those investors under the exchange offer that expired on Friday. GM aims to take over Daewoo firm SEOUL, South Korea - U.S. automaking giant General Motors Corp. will submit a formal proposal to take over South Korea's ailing Daewoo Motor, GM and Daewoo's main creditor said Tuesday. Negotiators from GM and creditors will start talks in an unidentified ``third country'' this weekend or next week, said Rhee Sung-kun, a director at the state-run Korea Development Bank Korea Development Bank (KDB), a wholly state-owned policy bank, was founded in 1954 in accordance with The Korea Development Bank Act for the purpose of financing and managing major industrial projects to expedite industrial development and enhance the national economy. , during a news conference. - From staff and wire reports |
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