BUSINESS NOTES DIVISION OF LITTON WINS JPL CONTRACT.WOODLAND HILLS - The Guidance & Control Systems Division of Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. has been awarded a $13.7 million contract from Jet Propulsion Laboratory “JPL” redirects here. For other uses, see JPL (disambiguation). Jet Propulsion Laboratory (JPL) is a NASA research center located in the cities of Pasadena and La Cañada Flintridge, near Los Angeles, California, USA. for the design, development and delivery of an Inertial Measurement Unit
The contract is a follow-on to a study program started in May 1999 to identify an IMU Noun 1. IMU - a terrorist group of Islamic militants formed in 1996; opposes Uzbekistan's secular regime and wants to establish an Islamic state in central Asia; is a conduit for drugs from Afghanistan to central Asian countries that can withstand Europa's harsh radiation environment and fit within all of the other constraints and goals for spacecraft components. - Daily News Westfield America Trust buying stock Australia-based Westfield America Trust said Thursday that it will purchase all outstanding common shares of Westfield America Inc., the Los Angeles company that owns shopping centers including the Westfield Shoppingtown Topanga and Promenade, both in Woodland Hills. The $790 million deal lets Westfield America Trust, already a majority owner of Westfield America, simplify its corporate structure and trade the stock only in Australia, where the company will have higher value and better access to liquidity. The move is not a retreat from the American market, company officials said, and will not affect the remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling or expansion of any of its 39 shopping centers, 20 of which are in California. Westfield America Trust plans to offer $16.25 per share, a 12.5 percent premium over Wednesday's close on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The stock will no longer be traded in 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 when the deal is closed. - Daily News < ORA ora (o´rah) pl. o´rae [L.] an edge or margin. ora serra´ta re´tinae the zigzag margin of the retina of the eye. Electronics lays off most staff CHATSWORTH - ORA Electronics Inc. has laid off virtually its entire staff because of deteriorating financial conditions, according to the company. Company officials said they are presently evaluating the possibility of seeking bankruptcy protection. No other details were offered and the company did not return calls for comment. ORA Electronics makes and supplies interface, connectivity and peripheral accessories for wireless devices like cellular telephones, pagers and personal communications systems. - Daily News < Eagle Design gets high-end systems VALENCIA - 3D Systems Corp. announced Thursday that Eagle Design and Technology Inc. has acquired two high-end design systems that mold three-dimensional objects from data fed through a computer. Eagle Design is a Zeeland, Mich., rapid prototype service bureau that performs contract work for major automotive and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and manufacturers throughout the world. Terms of the deal were not disclosed, but high-end systems cost upward of $800,000 each. - Daily News < Marketing-ad firm OKs a 3-for-1 split VAN NUYS - Directors of GenesisIntermedia.com Inc. have approved a 3-for-1 stock split of its common stock, effected as a stock dividend payable on or about March 21 to shareholders of record at the close of business March 7. The directors have also proposed changing the name of the marketing and advertising company to GenesisIntermedia Inc. A majority of shareholders have indicated their intent to approve the name change. - Daily News < Youbet.com joins with Racing Form WOODLAND HILLS - Online wagering company Youbet.com Inc. announced Thursday a five-year strategic partnership with Daily Racing Form The Daily Racing Form, LLC (DRF) is a broadsheet newspaper founded in 1894 in Chicago, Illinois by Frank Brunell. The paper publishes the past performances of race horses as a statistical service for bettors on horse racing in the United States. to provide online wagering services to the Racing Form's Web site. Horse racing fans will be able to access Youbet.com from several pages on the Racing Form's Web site and place wagers at more than 60 tracks across the country. The Racing Form will market its interactive handicapping software, Formulator, as a companion to Youbet.com. - Daily News Home prices rising in Conejo Valley THOUSAND OAKS - Realtors sold 127 single-family homes in January with a median sale price of $377,170, the Conejo Valley Association of Realtors announced Thursday. The median sale price - half of the homes sold for more and half for less - increased from January 2000 where it was $353,950. Total sales for all real estate transaction - including those for 50 condominiums - last month was $71 million, compared with $63 million in January 2000. - Daily News |
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