BUSINESS NOTES DISTRIBUTION DEAL EXTENDED FOR FIRMS.UNIVERSAL CITY - DreamWorks SKG SKG Stichting Kwaliteit Gevelbouw (Dutch) SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios) SKG Thessaloniki, Greece - Thessaloniki (Airport Code) SKG Smith and Kraus Global and Universal Studios on Monday extended their 6-year-old distribution agreement five more years. Universal has the international theatrical distribution rights to live action and animated DreamWorks motion pictures, and worldwide home video. Universal was also granted music distribution rights and the rights to DreamWorks characters in its theme parks. - Daily News Chef Puck earns annual accolade Celebrated chef and entrepreneur Wolfgang Puck Wolfgang Johann Puck (born Wolfgang Johann Topfschnig on July 8, 1949) is an Austrian-American celebrity chef, restaurateur, and businessman based in Los Angeles. has been named Business Statesman of the Year for 2001 by the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Association of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Puck will be honored at a formal gala reception May 3 at the Regent Beverly Wilshire in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. . Previous winners include Disney Chairman Michael Eisner Michael Dammann Eisner (born March 7, 1942) was CEO of The Walt Disney Company from September 22, 1984 to September 30, 2005. Early life Michael Eisner was born to a wealthy family in Mt. Kisco, New York, and raised on Park Avenue in Manhattan. , Los Angeles Mayor Richard Riordan and real estate developer Robert Maguire. - Daily News Idealab distances from namesake PASADENA - Idealab Capital Partners distanced itself from its privately held namesake, Idealab, on Monday. The $450 million venture capital firm that invests in early stage software and communications companies said it is changing its name to Clearstone Venture Partners Clearstone Venture Partners is an early stage venture capital firm focused on IT investing with offices in Santa Monica, CA, Menlo Park, CA, and Mumbai, India. Founded in 1997, as Idealab Capital Partners, Clearstone is responsible for the early-stage funding of many successful and moving from Pasadena to Santa Monica. - Daily News Stacked Costco, Home Depot near An $80 million, 440,000-square-foot development in the midcity area of Los Angeles will include the West Coast's first stacked Home Depot-Costco, it was announced Monday. Kital-Pico LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and its development partner, LCOR Public/Private Inc., were granted approval by the Los Angeles Planning Commission to build Pico Plaza, a mixed-use development at 4550 W. Pico Blvd. The center will be anchored by retailers Home Depot and Costco, which will be stacked one on top of the other, and include restaurants, retail shops and a self-storage facility. - City News Service Faulty cigarette lighters recalled WASHINGTON - In its largest recall of cigarette lighters, the government says some 13 million disposable lighters need to be returned because they have faulty safety features that don't prevent young children from starting fires. The recalled lighters have one of the following brand names stamped on both sides of their metal tops: Boda-Bing, Gil, Happy or Wax. The lighters come in various colors and also have writing that says Made in China. The UPC (Universal Product Code) The standard bar code printed on retail merchandise, which is administered by GS1 US, Brussels, Belgium and Lawrenceville, NJ (www.gs1.org). bar code number on the lighters' labels is 0-80692-99930-1, 0-295114-0 or starts with 7-55998. - Associated Press Short-term T-bills hit new April high WASHINGTON - Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury Department sold $9 billion in three-month bills at a discount rate of 4.05 percent, up from 3.82 percent last week. An additional $8 billion was sold in six-month bills at a rate of 4.060 percent, up from 3.815 percent. The three-month rate was the highest since April 2 when the bills sold for 4.125 percent. The six-month rate was the highest since March 26 when the rate was 4.12. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 4.07 percent last week from 4.00 percent the previous week. - Associated Press First Union to buy Wachovia Corp. CHARLOTTE, N.C. - First Union Corp., the nation's sixth-largest bank, is buying Wachovia Corp. for about $13.1 billion in stock in a deal that would unite the two North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. banking rivals into the nation's fourth-biggest banking company. The deal, announced Monday, would create a bank with $324 billion in assets, trailing only Citigroup Inc., J.P. Morgan Chase & Co. and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corp. among U.S. banks. - Associated Press |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion