BUSINESS NOTES HEALTH CARE DEAL TARGETS LATINOS.WOODLAND HILLS - Affordable health care will be offered to Latinos and their families on either side of the U.S.-Mexico border under a binational bi·na·tion·al adj. Of, relating to, or involving two nations. partnership announced Tuesday involving four health care providers. ``Salud con Health Net'' is designed to give coverage to some of the estimated 46 percent of Latino adults and 33 percent of Latino children in 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. County who have no health insurance. Thirty-five percent of Latinos in California don't have health insurance. The partnership includes Health Net, Medico Hispano and the Tenet Health System hospitals in 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, and Sistemas Medicos Nacionales, S.A. de CV (SIMNSA SIMNSA Systemas Medicos Nacionales ) in Mexico. small businesses in Los Angeles. Christopher Ciano, senior vice president at Woodland Hills-based Health Net, said, ``Everybody deserves the opportunity to protect the health and wellness of their families.'' SIMNSA is the first health plan authorized to contract with California employers to provide health care benefits and service in Mexico. - Daily News Taitron will buy more stock back SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, - Taitron Components Inc., which deals in discount components, announced on Tuesday an additional stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. of up to $1 million. Under a previously announced stock repurchase program, the company bought 1.2 million Class A common shares through Sept. 30, 2000, for an aggregate purchase price of approximately $3.5 million. Book value per share as reported on the company's last report for the quarter ended June 30, 2000, was $4.52 per share. - Daily News Capstone pursues public stock offer CHATSWORTH - Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corp. announced Tuesday that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 7 million shares of its common stock. Capstone produces low-emission microturbine systems. Goldman, Sachs & Co. and Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. will lead manage the underwriting group with Merrill Lynch & Co. and Morgan Stanley Dean Witter serving as co-managers. - Daily News S. Kumars buys shares of Iwerks BURBANK - The S. Kumars Group has purchased on the open market approximately 19 percent of the outstanding shares of common stock of Iwerks Entertainment Inc. in a single large block of stock. This investment, which was announced Tuesday, comes less than a week after a deal between Iwerks and S. Kumars and its affiliates whereby Iwerks will issue a combination of common stock, warrants and a convertible note. Under the agreements, Iwerks will sell $3 million of common stock at a price equal to $1.70 per share to S. Kumars. - Daily News KMEX employees staging walkout Camera operators, writers and sales assistants were among the 120 employees at Univision's Los Angeles flagship television station KMEX (Channel 34) to go on strike Tuesday after nearly a year's negotiations had halted. Talks with the station resumed briefly Monday in spite of the day's walkout by members of the National Association of Broadcast Employees and Technicians/Communications Workers of America Local 53. - Associated Press Amway changing corporate name ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. , Mich. - After 41 years, Amway Corp. is changing its corporate name to Alticor Inc. to attract new business opportunities, but will hang on to the Amway name for its popular direct-sales business. Instead of concentrating simply on direct sales and 450 cosmetic, vitamin and cleaning products, the company is diversifying its operations, including Internet sales and manufacturing and distributing non-Amway brands. - Detroit Free Press The Detroit Free Press is the largest daily newspaper in Detroit, Michigan, USA. It is sometimes informally referred to as the "Freep". Some still refer to it locally as "The Friendly" -- a slogan from an ad campaign in the '70s. |
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