BUSINESS NOTES PIZZERIA OFFERING 4.4 MILLION SHARES.California Pizza Kitchen California Pizza Kitchen (NASDAQ: CPKI, known within the food industry as CPK) is a casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, is offering 4.4 million shares of common stock at $25.94 each. All but 200,000 of the shares are offered by existing shareholders; the company is offering the rest. Banc of America Securities and Deutsche Banc Alex. Brown are managing underwriters on the offering. - Daily News Furniture retailer hires Internet firm SAN FERNANDO San Fernando, city, Argentina San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. - Fabricantes Muebleros S.A. has hired InternetMercado.com to promote its new furniture store here, the first U.S. location for Mexico's largest retailer. InternetMercado will print and deliver sales catalogs and mailers to be delivered to Latino households in 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. and Orange counties. FAMSA FAMSA Family And Marriage Society of South Africa FAMSA Funeral And Memorial Societies Association , which has 250 stores in Mexico, plans to open 15 stores in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, in the next few years. - Daily News Roosevelt hotel gets global tie-in Starting Feb. 14, the Hollywood Roosevelt will be affiliated with SRS-Worldhotels. The Europe-based firm has 400 independent hotels and resorts. The Hollywood Roosevelt, built in 1927, is scheduled to undergo $6 million in renovations, which are expected to be completed by December. - City News Service Univision named to S&P 500 index Univision Communications Inc. joined the S&P 500 index Tuesday after the close of trading. The S&P 500, a representative sample of leading companies in leading industries, is a closely followed indicator throughout the business and investment community. ``This is an important milestone for Univision Communications and we are extremely pleased to join this highly-regarded index,'' said A. Jerrold Perenchio, Univision's chairman and chief executive officer. The Spanish-language TV broadcast company claims to reach 92 percent of the Latino households in America through its owned-and-operated stations, 33 broadcast affiliates and 1,109 cable affiliates nationwide. - City News Service Mullin Consulting declares merger Mullin Consulting Inc. said Tuesday it is merging with Management Compensation Group Chicago. The new privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. will be called Mullin Consulting. It projects annual sales of $80 million. Terms of the deal were not disclosed. - City News Service Online pay broker plans credit cards Online payment broker PayPal announced Tuesday that it will issue a secured credit card to its 6 million account holders through Providian Financial, the nation's fifth-largest issuer of MasterCards and Visas. As part of the co-branding agreement, San Francisco-based Providian also invested an undisclosed amount in Palo Alto, Calif.-based PayPal, which had previously raised about $170 million in venture capital. - Associated Press Sunbeam corp. files Chapter 11 Giving up efforts to reconcile a massive financial imbroglio im·bro·glio n. pl. im·bro·glios 1. a. A difficult or intricate situation; an entanglement. b. A confused or complicated disagreement. 2. A confused heap; a tangle. inherited from former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Albert Dunlap, Sunbeam Corp. filed for bankruptcy protection Tuesday and asked for the dismissal of all claims by holders of its common stock and bonds. The Chapter 11 bankruptcy filing in 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 ended what was undoubtedly the most turbulent chapter in the 103-year history of the Boca Raton, Fla., appliance maker. The company, whose brands include Sunbeam, Oster, Mr. Coffee and Coleman, said it hopes to have its reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. approved in six to nine months. The company does not anticipate laying off any of its 10,900 workers or closing plants. ``This was a difficult, but absolutely necessary decision for us to make,'' said Jerry Levin, who succeeded Dunlap as chief executive in June 1998. |
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