BUSINESS NOTES L.A. SHOPPERS LIFT MARCH RETAIL STATS.Same-store sales for March rose 2.5 percent over the same month last year in Los Angeles. According to check-acceptance firm TeleCheck, the increase stemmed from an extra weekend shopping day and the early arrival of Easter, which comes two weeks before its date last year. The purchasing habits of Angelenos lagged behind the West region, which was up 3.2 percent over last March. - Daily News UTI UTI urinary tract infection. UTI abbr. urinary tract infection UTI urinary tract infection. UTI Urinary tract infection, see there , Kodak team to offer CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). United Internet Technologies announced Tuesday that it has entered into a joint agreement with photography powerhouse Eastman Kodak to create a programmable CD-ROM system that allows for customized video delivery. The combined technology is expected to be used in unique multimedia, bringing UTI's Internet video files to desktop users. CD-ROM usefulness will thus be extended, allowing for greater reliance upon online material rather than stored files on a prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. disc. - Daily News MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. buys stake in cable networks SANTA MONICA - MGM Networks has completed its acquisition of a 20 percent stake in four national networks - AMC (Advanced Mezzanine Card) See AdvancedTCA. , Bravo, The Independent Film Channel and WE: Women's Entertainment - for $825 million in cash. The networks are owned by Rainbow Media Holdings Inc., which manages national and regional cable networks. Rainbow is 74 percent owned-and- operated by Cablevision Systems Corp. Under the terms of the MGM agreement, Rainbow will continue to manage its programming networks. - City News Service Telocity deal lets Hughes get wired EL SEGUNDO - Hughes Electronics Corp. announced Tuesday the completion of its $2.15 per share cash tender offer by a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. for all outstanding shares of common stock of Telocity Delaware Inc. With its acquisition of Telocity, Hughes said it ``becomes the only company with the ability to offer on a national basis a portfolio of consumer entertainment and information services that includes digital multichannel television and high-speed wired and satellite broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a .'' - City News Service Disney must pay for dressing Goofy LAKE BUENA VISTA, Fla. - Employees of Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando Orlando - a city in central Florida; site of Walt Disney World should be paid for time spent getting dressed as Mickey Mouse or Goofy, a federal mediator has ruled, opening the door to back pay for thousands. Arbitrator J. Chumley's decision stems from a complaint filed last year with the National Labor Relations Board National Labor Relations Board (NLRB), independent agency of the U.S. government created under the National Labor Relations Act of 1935 (Wagner Act), and amended by the acts of 1947 (Taft-Hartley Labor Act) and 1959 (Landrum-Griffin Act), which affirmed labor's right by the Service Trades Council, which represents six unions at Disney World. The complaint alleged that in the fall of 1999, Disney unfairly stopped paying workers for time spent changing into or out of a costume or uniform, and for the time spent wearing a uniform before reaching a work site. In a similar settlement reached last November, Disneyland in California was ordered to pay more than $1.7 million to thousands of former and current workers. - Associated Press |
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