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BUSINESS NOTES ELLIS HIRES ADVICE ON PURCHASE OFFER.


Los Angeles-based commerical real estate company CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  Services Inc., has retained advisers to consider a previously announced buyout offer.

The company retained Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 as its financial adviser and McDermott, Will & Emery as its legal adviser to evaluate a proposal by Blum Capital Partners, L.P., to buy Ellis' outstanding common stock.

- Daily News

Chrysalis chrysalis (krĭs`əlĭs): see pupa.  Dental acquisition target

WOODLAND HILLS - Dental/Medical Diagnostic Systems Inc. will acquire Chrysalis Dental in exchange for 550,000 shares of common stock, the companies announced Tuesday.

Chrysalis Dental market teeth whitening Teeth Whitening Definition

Teeth whitening is the process of using bleach or other materials to make teeth look whiter. The materials remove stains or other discoloration from the tooth surface.
 products for medical office and home use. Woodland Hills-based Dental/Medical Diagnostic Systems, founded in 1996, develops and sells dental equipment.

- Daily News

N.J. investor sues over tip on stocks

A New Jersey man filed a proposed class-action lawsuit Tuesday against Internet Wire, alleging that he sold 1,500 shares of Emulex stock because of a bogus news release written by a former employee.

Steven A. Simon of West Orange, N.J., claims Internet Wire was negligent because it failed to verify the information on the release before distributing it.

No one at Internet Wire was immediately available Tuesday for comment on the lawsuit.

- City News Service

U.S. trade deficit hits record high

WASHINGTON - The U.S. trade deficit ballooned to a record $34.3 billion in September as America's already huge foreign oil bill got bigger and helped push imports to an all-time high. The deficit with China climbed to $8.7 billion, the largest ever recorded with any country.

September's trade gap was up a sharp 15 percent from an August imbalance of $29.8 billion, the Commerce Department reported Tuesday, well above economists' expectations for a more modest deterioration to around $31 billion.

Exports slipped from their previous month's record as shipments of U.S. cars and auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
  • Air filter
  • Automobile self starter
  • Bell housing
  • Brakes
  • Bucket seat
  • Bumper
  • Buzzer
  • Battery
 dropped sharply and various other exporters from farmers to computer manufacturers suffered setbacks.

- Associated Press Associated Press: see news agency.
Associated Press (AP)

Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
 

Pasadena TMCS TMCS Trimethylchlorosilane (derivatization reagent)
TMCS Telecommunications Management & Control Subsystem
TMCS Taylor Made Computer Solutions, Ltd.
, Ticketmaster join

PASADENA - USA Networks Inc. and Ticketmaster Online-Citysearch Inc. have entered into an agreement to combine Ticketmaster Corp., a subsidiary of USAi, with Pasadena-based TMCS, it was announced Tuesday.

USAi will contribute Ticketmaster Corp. to TMCS and receive in exchange 52 million TMCS Class B shares.

The combination, to be renamed Ticketmaster, will unite USAi's Ticketmaster Corp., a ticketing company comprised of offline and international ticketing and reservation businesses, with TMCS's ticketmaster.com, Citysearch, a local information and services global network, and Match, which handles subscription online personals.

- City News Service

UPS gets rights to China air routes

WASHINGTON - The Transportation Department on Tuesday approved all-cargo airline United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world.  the right to begin new air service to China and awarded additional routes to two passenger carriers and another cargo service that already fly to China.

UPS was the big winner, obtaining six weekly round-trip routes to Beijing and Shanghai from Ontario, Calif., and Newark, N.J.

United Airlines was awarded two weekly flights in addition to its current five trips between 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  and Shanghai, while FedEx and Northwest got the remaining routes.

- Associated Press
COPYRIGHT 2000 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Nov 22, 2000
Words:509
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