BUSINESS NOTES NORTHROP VP TO RUN VALLEY OPERATIONS.Byline: - From staff and wire reports WOODLAND HILLS - Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corp. announced Friday the appointment of William J. Allison as vice president and general manager of its newly formed Navigation Systems Division to be headquartered in Woodland Hills. The Navigation Systems Division combines several elements of the former Litton Advanced Electronics Systems business unit, which Northrop Grumman acquired earlier this year. Those businesses include Guidance and Control Systems and Aero Products in Woodland Hills, Integrated Systems in Northridge, Litton Systems Canada in Toronto; and three foreign subsidiaries, LITEF in Freiberg, Germany; TELDIX in Heidelberg, Germany; and Litton Italia in Pomezia, Italy. Since last September, Allison, 47, had served as president of Litton's Integrated Systems Division in Northridge. Prior to that, he was president of Litton's Data Systems Division in Agoura Hills. He joined Litton in 1992 as vice president of integrated logistics and product assurance. Moulton to gather under single roof VAN NUYS - Moulton Logistics Management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet is relocating from its North Hollywood base to the Marquardt Industrial Park on Saticoy Street. This will allow the direct marketers to consolidate operations into a single 108,000-square-foot building, putting its 230 employees under one roof. After eyeing spots in Valencia, the 34-year-old company decided to stay within the 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 will move in to its new digs at the end of the month. FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. OK expected in Fox TV merger WASHINGTON - The government is expected to approve the acquisition of television station owner Chris-Craft Industries Chris-Craft Industries is a privately held American manufacturer of civilian powerboats based in Sarasota, Florida. The company was founded in the late 19th century by Christopher Columbus Smith and became famous for its mahogany hulled powerboats of the 1920s through the 1950s. by News Corp., parent of the Fox network, giving the companies waivers to comply with certain media rules, according to a source familiar with the matter. 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. could clear Friday's merger in the coming days, said the source, speaking on condition of anonymity, and is likely to sign off on the deal by a split 3-2 vote. The agency's review of the merger, announced nearly a year ago, had been held up as the commission waited for its new members to get settled and acquaint themselves with the issues raised by the deal. In Los Angeles, Chris-Craft owns KCOP (Channel 13) and News Corp. owns KTTV (Channel 11). Presario owners may get rebates HOUSTON - As many as 60,000 owners of Compaq Presario computers in California could receive as much as $360 in cash or $540 in rebates from a tentative settlement of a class-action suit. The suit alleges modem defects in certain Presario machines sold in 1996 and 1997. An additional 85,000 Customers in Texas, Washington, North Carolina Washington is a city in Beaufort County, North Carolina, United States. The population was 9,583 at the 2000 census. In 2006, it was estimated that the town population was 10,060. It is the county seat of Beaufort CountyGR6. and Illinois would also be eligible for rebates. The settlement, reached in a Houston federal court, includes a denial by Compaq Computer Corp. that the computers were defective. The company told the Houston Chronicle that settling the 4-year-old suit was cheaper than fighting it. Merrill Lynch will pay client for loss 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 - Merrill Lynch & Co. agreed to pay a former client $400,000 to settle allegations that he was misled by overly bullish research by Internet stock Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. analyst Henry Blodget as well as information provided by his broker at the Wall Street powerhouse. In an arbitration case filed in March with the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Debasis Kanjilal claimed that he lost about $518,000 in the Internet stock Infospace Inc. due to the fact that Blodget had kept a ``buy'' recommendation on the stock as Merrill Lynch brokered a deal to get another Web company bought by Infospace. |
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