BUSINESS NOTES FUEL CELL MAKER ANNOUNCES DEAL.VALENCIA - Hydrogen fuel cell manufacturer DCH DCH Department of Community Health DCH Diploma in Child Health DCH Defend Council Housing (UK) DCH Data Channel DCH Dil Chahta Hai (movie) DCH Dhaka Community Hospital Technology Inc. announced Tuesday that IPS MeteoStar, a global supplier of remote data-logging systems that communicate information back to customers real-time via satellite, will begin distributing products with DCH portable fuel cells serving as the internal electric power supply. MeteoStar's customers include the Air Force, the Navy, and several state environmental agencies. - Daily News ELabor.com takes over companies CAMARILLO - ELabor.com has taken over SkillSet Software Inc. and its subsidiary, Search Advantage Inc. The workplace management firm acquired the others in an all-cash transaction designed to integrate its services more efficiently. Terms of the deal were not announced, but the company said that many of SkillSet's workers will be retained. - Daily News Pacific Crest sets quarter's dividend AGOURA HILLS - Pacific Crest Capital Inc.'s board of directors has declared an $0.08 per common share cash dividend for the second quarter of 2001. The dividend will be payable to shareholders of record as of the close of business June 1 and will be paid on June 15. The bank holding company also reported that the board of directors increased by 100,000 shares the allotted al·lot tr.v. al·lot·ted, al·lot·ting, al·lots 1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame. 2. shares under the company's common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. The company said the repurchased shares will become treasury shares and will be used for general corporate purposes. - Daily News Zany Brainy brain·y adj. brain·i·er, brain·i·est Informal Intelligent; smart. brain  i·ly adv. files under Chapter 11 KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. - Zany Brainy Inc., a retailer of specialty toys, games, books and multimedia products for children, said Tuesday it has filed for protection from its creditors under Chapter 11 of the federal bankruptcy laws. Tom Vellios, president and chief executive, blamed the company's rapid expansion, including acquisition of 60 stores and opening of 27 new ones, and a difficult retail climate for the company's financial problems. He said the ``absence of 'hot' product'' compounded the situation and led to declining sales. Zany Brainy operates 187 stores in 34 states including outlets in Glendale, Northridge, Canoga Park, Valencia and Thousand Oaks. Trading in its shares was halted on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. where it last traded at 33 cents a share. - Associated Press Ex-Sunbeam CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. target of SEC suit MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. - Led by then-Chairman and CEO Al Dunlap, former Sunbeam Corp. executives and the company's accountant broke securities laws to make the appliance maker look healthier and ripe for a buyer, the Securities and Exchange Commission charged Tuesday. Shareholders have made similar allegations in fraud suits and agreed to a $110 million settlement last month with the Andersen accounting firm following Sunbeam's fall into bankruptcy from a $5 billion market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . The SEC suit against Dunlap and four other former Sunbeam executives along with Arthur Andersen's one-time lead partner on the Sunbeam assignment alleges they cooked the books to create the illusion of a speedy turnaround after Dunlap arrived in 1996. - Associated Press |
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