BUSINESS NOTES MICROWAVE FIRM SUES COMPETITOR.CAMARILLO - California Amplifier Inc. said it has filed suit in U.S. District Court against Andrew Corp. for alleged infringement on a patent related to simultaneous two-way microwave communication. California Amplifier makes microwave equipment used primarily with satellite video and terrestrial broadband applications. - Daily News Matchframe buys more editing bays BURBANK - Local production house Matchframe has purchased the assets of ASC ASC Ambulatory surgery center, see there Rentals, a division of ASC Audio Video Corp., the companies announced Wednesday. The purchase doubles the number of portable editing bays available to studio clients. - Daily News Health care firms reach agreement WOODLAND HILLS - Blue Cross of California, an operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of WellPoint Health Networks, and nonprofit, San Francisco-based Catholic Healthcare West Catholic Healthcare West (CHW) is a California not-for-profit public benefit corporation that operates hospitals in California, Arizona, and Nevada[1]. As such, it is exempt from federal and state income taxes. announced Wednesday they have reached a mutual agreement to resolve undisclosed pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. issues. In addition, the organizations have established a jointly funded strategic partnership that includes programs and products to benefit CHW CHW Chicago White Sox CHW Catholic Healthcare West CHW Children's Hospital at Westmead (Australia) CHW Children's Hospital of Wisconsin CHW Community Health Worker CHW ChileHardware (Spanish website) patients and Blue Cross members through innovation in the delivery of health-care services. - Daily News Litton subsidiary to repair USS USS abbr. 1. United States Senate 2. United States ship USS abbr (= United States Ship) → Namensteil von Schiffen der Kriegsmarine Cole WASHINGTON - The Navy awarded 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. subsidiary Ingalls Shipbuilding Inc., of Pascagoula, Miss., a $105 million contract Wednesday to repair the USS Cole, the destroyer that was attacked by terrorists last fall in Aden, Yemen. In a brief announcement, the Pentagon said the work will be performed at the Ingalls shipyard, where the Cole was built. The repair work is expected to be completed in February 2002, the Pentagon said. -Associated Press Hilton Hotels sells millions in notes BEVERLY HILLS - Hilton Hotels Corp. on Wednesday completed the sale of $300 million worth of 10-year senior unsecured notes to pay off debt. The notes, rated Baa3/BBB-, carry a coupon of 8.25 percent and have a maturity date of Feb. 15, 2011. Proceeds from the sale will be used to repay debt under the company's revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility that expires Oct. 18, 2003. - City News Service American to begin Los Cabos flights American Airlines will begin daily nonstop service between Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation). “KLAX” redirects here. For other uses, see KLAX (disambiguation). Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX and Los Cabos, Mexico, on April 2, the airline announced Wednesday. The airline will serve the route with 129-seat Super 80s. Flight 335 will depart LAX at 8 a.m. and arrive in Los Cabos at 10:19 a.m. From Los Cabos, Flight 336 will depart at 11:09 p.m. and arrive at 1:33 p.m., Los Angeles time. - City News Service AT&T switching signals in spinoff 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 - AT&T plans to keep up to $3 billion worth of stock in its wireless business when it spins off that operation as an independent company. The latest twist in AT&T's complex breakup plan is designed to help the company pay off more of its huge debt load, which peaked at nearly $62 billion in the fall, the company. The change in plans, announced Wednesday, means that AT&T's shareholders will receive fewer shares of AT&T Wireless Group in the spinoff. AT&T currently owns about 84 percent of the special ``tracking'' stock created last year to represent the performance of wireless business. Under the original breakup plan announced in October, all of those shares were to be distributed to AT&T investors. The company still plans to distribute the AT&T Wireless shares. - Associated Press |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion