BUSINESS NOTES LITTON'S CONTRACT WORTH $31 MILLION.Woodland Hills-based Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. announced Wednesday that its Data Systems division has received a $31 million contract for work on a military air defense system. Under the contract, Litton will work on the Theater High Altitude Conventionally, an altitude above 10,000 meters (33,000 feet). See also altitude. Area Defense Engineering Manufacturing and Development program through 2008. - Daily News Vitesse shares up as techs gain fans CAMARILLO - Buoyed by stepped-up investor interest in computer infrastructure stocks, shares of Camarillo-based Vitesse Semiconductor jumped 6 percent in Wednesday trading. The stock closed at $83.50 a share, up $4.75 on heavy trading. The day also saw gains for Oracle and Sun Microsystems. - Daily News Santa Clarita bank launches Web site SANTA CLARITA - Valencia Bank & Trust launched its Web site, valenciabank.com, Wednesday. The site provides extensive information about the bank and its products, along with online banking. Investor information is available and site visitors can download the latest annual report and quarterly earnings. - Daily News Forecaster warns of housing crisis WESTLAKE VILLAGE - Record high housing density and selling prices coupled with all-time low affordability for both buyers and renters could lead to a Ventura County housing crisis in the near future, a leading analyst said Wednesday. Although forecasts show at least 38,000 new housing units will be needed by 2010, several factors will combine to make that number unreachable, said Mark Schniepp, director of the California Economic Forecast Project at the University of California, Santa Barbara History The predecessor to UCSB, Santa Barbara State College, focused on teacher training, industrial arts, home economics, and foreign languages. Intense lobbying by an interest group in the City of Santa Barbara led by Thomas Storke and Pearl Chase persuaded the State . - Daily News Amgen online has focus on kidneys THOUSAND OAKS - Amgen has launched a Web site, renaladvances.com, dealing exclusively with kidney health and the industry, the global biotech company said Wednesday. The site offers access to a broad range of nephrology nephrology Branch of medicine dealing with kidney function and diseases. An understanding of kidney physiology is important not only in treating kidney disease but in knowing the effect of drugs, diet, and hypertension on kidney disease, and vice versa. news and information on kidney disease Kidney Disease Definition Kidney disease is a general term for any damage that reduces the functioning of the kidney. Kidney disease is also called renal disease. . - Daily News Merger could cut 10,000 positions NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - As company officials announced their plan Wednesday for Chase Manhattan to acquire J.P. Morgan for $30.9 billion, some industry analysts speculated that the merged company could shed as many as 10,000 employees. The combined company, to be called J.P. Morgan Chase, would have about 100,000 employees worldwide. - The New York Times Firm comes back from hack attack ENGLEWOOD, Colo. - Western Union put its Web site back online Wednesday, five days after a security breach allowed hackers to steal the credit or debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. numbers of more than 15,000 customers. - Associated Press Fatbrain selling to Barnes & Noble NEW YORK - In a sign of further consolidation in e-retailing, Barnes & Noble.com announced Wednesday that it will pay $64 million to acquire Fatbrain.com Inc., the third-largest bbookseller in professional and technical titles. - Associated Press Boeing to retool re·tool v. re·tooled, re·tool·ing, re·tools v.tr. 1. To fit out (a factory, for example) with a new set of machinery and tools for making a different product. 2. rudders on 737s WASHINGTON - The Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control has reached an agreement with the Boeing Co. for the aircraft manufacturer to redesign the rudders of all Boeing 737s, the most widely used airliner in the world. The rudders have been suspect since a pair of fatal accidents. - Associated Press |
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