BUSINESS NOTES HOMESTORE.COM BUYING IPLACE INC.Byline: - From Staff and Wire Reports WESTLAKE VILLAGE - Homestore.com is acquiring iPlace Inc. The locally based Homestore, an online real estate brokerage, had interest in iPlace for its credit and neighborhood information. The $150 million deal involves $70 million in cash, and will bring considerable traffic to Homestore's site. IPlace already receives 9.1 million monthly hits, and boasts a paid subscribership of 600,000. NetSol's new face to focus on Asia CALABASAS - Eugen Beckert is joining NetSol International Inc., filling a spot left on its board following a fractious frac·tious adj. 1. Inclined to make trouble; unruly. 2. Having a peevish nature; cranky. [From fraction, discord (obsolete). shareholder dispute. Elected by the seven remaining members, Beckert will put the international business development skills he honed as DaimlerChrysler's chief information officer in Asia. He has done business with NetSol in the past, and will look to build its presence in Singapore, Australia, Thailand and Taiwan. Punish Microsoft, government says WASHINGTON - Microsoft should be punished quickly for its monopoly behavior, because delay only further disrupts the computer market, Justice Department lawyers argued Friday. The Bush administration's top antitrust lawyer asked a federal appeals court not to grant Microsoft's request for a suspension in court action in the 4-year-old case. Instead, the appeals court should immediately send the case to another judge, who would then decide what punishment the computer software giant should face for breaking antitrust law antitrust law Any law restricting business practices that are considered unfair or monopolistic. Among U.S. laws, the best known is the Sherman Antitrust Act of 1890, which declared illegal “every contract, combination…or conspiracy in restraint of trade or , the government lawyers wrote in a court filing. Tariff on lumber to lift home prices WASHINGTON - The Bush administration, contending that Canada is unfairly subsidizing its lumber industry, announced on Friday the imposition of a 19.3 percent penalty tariff on Canadian softwood softwood Timber obtained from coniferous trees (mainly of the pine and fir families). With the exception of bald cypress, tamarack, and larch, softwood trees are evergreens. lumber, saying it would make the trade sanction Trade Sanction A trade penalty imposed by one nation onto one or more other nations. Notes: Import tariffs, licensing costs and administrative hurdles are often enforced, making it more difficult if not impossible for the nation(s) bearing the sanction to trade with the retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a to mid-May. An economist for the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than said the decision could add as much as $1,000 to the cost of building a new home, but members of Congress from lumber-producing states praised the administration for taking decisive action to protect domestic producers. Softwood lumber, commonly used for home construction, comes from fir, pine and other cone-bearing trees. US Airways sees big loss in future ARLINGTON, Va. - US Airways said Friday it anticipates a loss of $160 million in the third quarter because of reduced spending by business travelers. The Arlington-based carrier also warned investors about a $405 million pretax charge it will record to reflect the declining market value of its fleet. The projected loss, which excludes unusual items, translates to $2.38 a share. US Airways lost $30 million, or 45 cents a share, in the third quarter of 2000. Polaroid gets time to rearrange re·ar·range tr.v. re·ar·ranged, re·ar·rang·ing, re·ar·rang·es To change the arrangement of. re debt CAMBRIDGE, Mass. - Polaroid Corp. announced Friday it had received a one-month extension on loan waivers and secured creditor One who holds some special monetary assurance of payment of a debt owed to him or her, such as a mortgage, collateral, or lien. status to its bondholders to help facilitate debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: . The instant photography company, which has been negotiating with bondholders, also pledged two additional properties in Massachusetts as security against bond and bank debt. The company also announced a $10 million increase in availability under its domestic credit facility. The announcement came one day after Polaroid's shares fell sharply following a regulatory filing that heightened concern bondholders would force the company into bankruptcy. In a filing with the Securities and Exchange Commission on Thursday, the company said its auditor, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , questioned whether it could continue as a going concern. Wildlife fund pins wrestlers in court LONDON - In the great WWF See Windows Workflow Foundation. name battle, the panda body-slammed The Rock. The World Wildlife Fund, best known for its efforts to protect the giant panda and other endangered animal species This is a list of endangered animal species according to the World Conservation Union (IUCN) Red List. The list includes endangered species of the kingdom Animalia. : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z • See also • External links A , won a judgment Friday against World Wrestling Federation Entertainment Inc. over the use of the initials WWF. The decision from the High Court in London curtails the ability of the wrestling group to promote itself, and will force it to abandon its Web address. The Stamford, Conn.-based company said it would appeal. Justice Robin Jacob ruled that the wrestling group had breached a 1994 agreement between the two sides that limited its use of the initials. In a written judgment, Jacob said it was understandable the fund did not want to be associated with the wrestling group. |
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