BUSINESS NOTES EX-VEEP TO HEAD JERRY'S DELI CHAIN.STUDIO CITY - Jerry's Famous Deli Wikipedia is not the place for advertisement or self-advertising. Jerry's Famous Deli is a Los Angeles-based delicatessen famous for its huge menu, which boasts over 700 deli and traditional food items. Inc. announced Thursday that Vice President Guy Starkman has been promoted to president. Starkman had been the vice president since 1995. Isaac Starkman will remain chief executive officer and chairman of the board. The contract of Kenneth Abdalla, who was acting as interim president in charge of acquisitions, expired Dec. 31, 2000. Abdalla remains on the board of directors. - Daily News Detroit parking goes to Ampco Los Angeles-based Ampco System Parking announced Thursday that it won a multiyear, multimillion-dollar municipal contract to provide public parking service for Wayne County's Detroit Metropolitan Airport. The scope of Ampco's on-airport operations include all 13,000 parking stalls, as well as valet and shuttle bus service. Ampco System Parking operates more than 1,750 parking lots and garages in 25 states, including parking facilities at or adjacent to such international airports as Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Cincinnati, Denver, Detroit, Honolulu, Houston, Philadelphia and 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 . - City News Serviceoff! More at AltaVista hit by job cuts PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. - The troubled search engine AltaVista Co. announced another round of layoffs Thursday to reduce its work force by 25 percent. The move brings the number of AltaVista employees down to 600 worldwide. The company is mostly owned by the Internet incubator CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Inc. of Andover, Mass. Peter Mills, a managing partner at CMGI (at)Ventures, blamed a downturn in Internet advertising for the need to eliminate jobs at AltaVista. - Associated Press Downey reports record income NEWPORT BEACH - Downey Financial Corp. reported Thursday that net income for 2000 totaled a record $99.2 million or $3.51 per share on a diluted basis. Included in the results was a $5.6 million after-tax gain from the sale of Downey's indirect automobile finance subsidiary last February. Excluding the gain, net income for the year would have been $93.6 million or $3.32 per share on a diluted basis, up 46.8 percent from $63.8 million or $2.26 per share in 1999. - City News Service Dearth, Lehrhoff advance at HSX HSX Hollywood Stock Exchange HSX Helicopter, ASW, Future Version HSX Horizontal Surface Extensometer WEST HOLLYWOOD - Hollywood Stock Exchange on Thursday announced the appointment of Brian Dearth as chief executive officer and Steven Lehrhoff as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Prior to the appointments, Dearth was HSX's vice president of research, while Lehrhoff was the company's senior vice president and general counsel. The promotions are effective immediately. Dearth and Lehrhoff will assume responsibility for Hollywood Stock Exchange's corporate organizational development and day-to-day operational management. They will work to establish strategic alliances with entertainment, new media and consumer product companies. - City News Service Feds mull rules for interactive TV WASHINGTON - Federal regulators said Thursday that they would take a closer look at whether rules are needed to shape the emerging market for interactive television, which lets consumers use the Internet from their TV sets. The process was triggered by the federal review of the AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner merger. The combined company is expected to make steep inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ in offering the new service by drawing on Time Warner's content and AOL's wide Internet reach. In examining the merger, the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. heard from consumer advocates and content companies that recommended safeguards to ensure choice as this new service develops. - Associated Press |
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