BUSINESS NOTES NBC NEWS CHIEF TO HEAD NETWORK.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 - NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. restructured its top management Tuesday, naming NBC News NBC News (along with NBC News + HD) is the news division of American television network NBC, a part of NBC Universal, which is majority-owned by General Electric. Its current president is Steve Capus. It is the top-rated broadcast news division and has been for a decade. Chief Andrew Lack network president as 15-year leader Bob Wright devotes more time to parent company General Electric Co. Lack will report to Wright, who moves from president to chairman of the network, and will oversee NBC's news and entertainment divisions, the cable networks CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. and MSNBC MSNBC Microsoft/National Broadcasting Company , the NBC-owned stations and the sales team. Wright, who referred to Lack as his partner, retains authority over NBC Sports, its Olympic coverage, CNBC International and NBC's staff operations. It's the second time in six months that a news executive has taken authority over NBC's entertainment operations. Jeff Zucker, the former ``Today'' show executive producer, became NBC entertainment president in December. NBC News has become the profitable leader of the industry since Lack took over in 1993. The ``Today'' show and ``NBC Nightly News'' both lead in the ratings and ``Dateline NBC'' is a mainstay in prime time. - Associated Press FTC FTC See Federal Trade Commission (FTC). to allow USA sale to Univision The Federal Trade Commission will not block the acquisition by Univision Communications Inc. of 13 television stations from USA Networks Inc., the companies announced Tuesday. The $1.1 billion deal still requires approval of the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. and is expected to close in the second quarter of 2001. - Daily News Region's firms get federal contracts Several San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. and Ventura County firms have been awarded contracts by the U.S. Department of Commerce, it was announced Tuesday. Contracts ranging from $50,400 to $552,654 were awarded to Advanced Photonix Inc., Camarillo; Crane's Hydro-Aire, Burbank; Forrest Machining Inc. Valencia; Meggitt Safety Systems Inc., Simi Valley; Parker Hannifin Stratoflex Division's Symetrics Operation, Newbury Park; Senior Flexonics' Stainless Steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. Products Division, Burbank; Thrustair Inc., Sylmar; Valley-Todeco Inc., Sylmar, and Whittaker's Controls Division, North Hollywood. - Daily News Radio Disney goes on air in Spanish BURBANK - The Walt Disney Co.-Latin America took the wraps off its new Spanish-language Radio Disney on Tuesday, a service that will debut in Argentina before rollouts later in Brazil and Mexico. Radio Disney will contain programming 24-hours a day, said Diego Lemer, president and managing director of Disney-Latin America. - City News Service Microchip maker to cut 1,100 jobs SANTA CLARA - Chip maker National Semiconductor Corp. sharply lowered its outlook for the current quarter Tuesday and said it would cut 1,100 jobs, or 10 percent of its work force. National Semiconductor said orders have been lower than expected and inventory remains high. The company also has been hurt by consolidation among manufacturers of cell phones. In the company's fiscal fourth quarter, which ends May 27, National expects revenue of $390 million to $400 million, down as much as 18 percent from the third quarter. Excluding one-time charges, National expects earnings to range from break-even to a loss of 4 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. . - Associated Press Vitamin A vitamin A also called retinol Fat-soluble alcohol, most abundant in fatty fish and especially in fish-liver oils. It is not found in plants, but many vegetables and fruits contain beta-carotene (see prompts energy bar recall SAN DIEGO - Metabolife International is voluntarily recalling its nationally distributed energy bars that may contain toxic levels of vitamin A, the company announced Tuesday. The recall involves 1.5 million Metabolife Diet & Energy Bars made Dec. 25 through May 4. San Diego-based Metabolife said the excessive amounts of vitamin A were discovered during recent routine sampling. The company reported its tests to the contract manufacturer, which confirmed the results, and then contacted the Food and Drug Administration. Consumers can get more information by calling Metabolife at (800) 540-7099. - Associated Press |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion