BUSINESS NOTES MEDIAN HOME PRICES UP 6.8%.The median price of an existing home in the 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. area rose 6.8 percent last month to $211,150, as sales fell 6.6 percent compared to June, the California Association of Realtors reported Friday. The median price was 5 percent higher than in July 1999, and sales numbers were down nearly 15 percent over the previous July, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Los Angeles based trade organization. On a statewide, year-to-year basis, sales fell about 15 percent, as the median home price climbed about 10 percent, according to the Realtors group. - City News Service NetZero buys marketing firm WESTLAKE VILLAGE - Free Internet provider Internet provider - Internet Service Provider NetZero said Friday it has acquired Simpli.com, a targeted marketing technology company. NetZero paid $2.6 million in cash and issued 2.5 million shares of its common stock in the deal, the company said. Providence, R.I.-based Simpli.com makes a marketing solution called SimpliFind. NetZero will use the technology to bolster its CyberTarget online market research division. - Daily News Sitestar to buy dot-com's shares ENCINO - Sitestar Corp., an Internet holding company, has offered to acquire all of Mothernature.com's outstanding shares for 75 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. in cash, the company said Friday. This price represents a 71.4 percent premium from its closing price of $0.4375 per share on the day the offer was formally submitted. The offer is valued at approximately $11.36 million. Sitestar's offer for Mothernature.com's shares will not be subject to financing or a lengthy due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process, and will only contain a condition providing for an out in the event of a material adverse change regarding Mothernature.com. - Daily News Medical Analysis wins Army award CAMARILLO - Medical Analysis Systems Inc. was awarded a 2000 U.S. Army SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) (Small Business Innovation Research) Phase II Quality Award for its development of VecTest, a rapid assay for detecting malaria parasites in infected mosquitoes. The project was one out of only four selected through a rigorous Quality Awards process including excellence in originality, Army relevance and commercialization potential, representing the ``Best of Class'' among 23 nominations submitted by the Army Laboratories and Centers who participate in the SBIR Program. This prestigious awards ceremony, attended by top U.S. Army and government officials and researchers, was held at the Pentagon in Washington on Tuesday. - Daily News Economy grows, spending slows WASHINGTON - The U.S. economy grew robustly in the spring even as consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. - the main engine of growth - rose at its slowest pace in three years. Existing-home sales plunged in July hitting their lowest point in five months as rising mortgage rates turned off prospective buyers. Both reports, released Friday, provide further evidence that the Federal Reserve's six interest-rate increases over the last 14 months are working to slow consumer spending, which accounts for two-thirds of all economic activity, economists said. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. World looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. good times WASHINGTON - A growing number of countries are opening their markets as a way toward improved living standards living standards npl → nivel msg de vida living standards living npl → niveau m de vie living standards living npl , but an economic downturn could reverse the trend, Federal Reserve chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. cautioned Friday. ``Any notable shortfall in economic performance . . . runs the risk of reviving sentiment against market-oriented systems,'' Greenspan told colleagues at the central bank's annual retreat in Jackson Hole, Wyo. A text of his speech was distributed in Washington. Greenspan was quick to point out, however, that ``at present, such a shortfall is not anticipated.'' - Associated Press |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion