BUSINESS NOTES NFL PLAYER OPENS NEW HOME DEPOT.Byline: - Staff and Wire Services Tampa Bay wide receiver and ex-USC star Keyshawn Johnson and City Councilman Mark Ridley-Thomas were on hand Thursday for the grand opening of the first Home Depot store in South Los Angeles South Los Angeles is the official name for a large geographic and cultural area lying to the southwest and southeast of downtown Los Angeles, California. The area was formerly called South Central Los Angeles, and is still sometimes called South Central. . The 107,000-square-foot store at 1830 W. Slauson Ave. co-anchors Chesterfield Square, the largest retail development in the area in more than a decade, store officials said. The store also includes a 24,000-square-foot garden center and will employ about 150 people. Johnson, a Dorsey High and USC An abbreviation for U.S. Code. graduate, is a key investor in the project, which is in Ridley-Thomas' council district. HP to cut extra 6,000 positions SAN JOSE - Computer and printer giant Hewlett-Packard Co. lowered its revenue forecasts again Thursday and said it is slashing an additional 6,000 jobs, more than 6 percent of its work force, because consumer spending worldwide on technology has only gotten worse. The job cuts come on top of 4,700 already announced this year and follow several warnings that results would be worse than previously thought. The news sent HP stock down nearly 7 percent. HP now expects revenue in the third quarter, which ends Tuesday, to decline 14 percent to 16 percent from the same time last year. Frank Zarb quits top Nasdaq post 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 - Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. chairman Frank G. Zarb announced Thursday that he is stepping down after more than four years at the helm. Zarb, 66, also resigned as chairman of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Nasdaq's parent organization. Hardwick ``Wick'' Simmons, the market's current chief executive, will succeed Zarb as chairman of the Nasdaq, while Robert R. Glauber, chief executive officer of NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Inc., will take over Zarb's position there. Homeownership up for minorities WASHINGTON - The minority homeownership rate climbed to a record-high 48.8 percent in the second quarter of 2001, Housing and Urban Development Secretary Mel Martinez said Thursday. About 13.2 million minority families owned homes in this period, up from 47.6 percent in the same quarter last year, HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. said. But the rate for minorities still lagged behind the overall homeownership rate in the second quarter this year, which, at 67.7 percent, tied a high first set in the third quarter of 2000. Nationally, 72.3 million American families owned their homes. Workers' wages, benefits sluggish WASHINGTON - U.S. workers' wages and benefits rose at a slower pace in the second quarter as the sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. and rising layoffs translated into less-generous compensation packages. The employment cost index, a closely watched gauge of inflation, rose 0.9 percent in the April-June quarter, down from a seasonally adjusted 1.1 percent rise in the previous quarter, the Labor Department reported Thursday. |
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