BUSINESS NOTES REAL ESTATE EXEC JOINS HEMACARE.Byline: - From Staff and Wire Services SHERMAN OAKS - Stephen P. Wallace was appointed to the HemaCare Corp. board of directors and Charles R. Schwab
Charles Robert Schwab, Jr. (born July 29, 1937) is the founder and CEO of the Charles Schwab Corporation. Jr. resigned, the company announced Wednesday. Since 1998, Wallace was executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Catellus Development Corp. - a real estate operating company operating company A business that engages in transactions with outsiders. with one of the largest portfolios of development land in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . HemaCare provides blood products and services in the United States and is the only publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. exclusively engaged in the blood- services business. Rehab network deal goes national CALABASAS - Outpatient rehabilitation network PTPN PTPN Physical Therapy Provider Network PTPN Protein-Tyrosine Phosphatase, Nonreceptor-Type PTPN Preemptive Time Petri Net announced that it has expanded its agreement with managed care company CCN CCN Cloud Condensation Nuclei CCN Church Communication Network CCN Conseil Canadien des Normes (Standards Council of Canada) CCN Critical Care Nurse CCN Certified Clinical Nutritionist CCN Community Care Network CCN Cyclin to a national contract. Under the agreement, PTPN will be a preferred provider of outpatient rehabilitation services for physical therapy, occupational therapy and speech therapy in CCN's group health, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and auto injury management networks nationwide. Shipbuilder board favors one offer NORFOLK, Va. - The board of directors of Newport News Shipbuilding Inc. voted to support General Dynamics Corp.'s $2.1 billion acquisition offer but took no position on a similar counterbid by Century City-based Northrop Grumman, the Navy shipbuilder said Wednesday. The board unanimously reaffirmed its recommendation of the General Dynamics offer of $67.50 per share in cash for all outstanding shares of Newport News common stock, the company said. The board thinks the General Dynamics offer provides better and more certain value for Newport News stockholders, the company said. The Northrop offer contained a combination of cash and stock. Bristol-Myers may buy DuPont drugs NEW YORK - Bristol-Myers Squibb Co. is in advanced negotiations to buy the drug business of DuPont in a deal that would give Bristol-Myers a larger inventory of important AIDS drugs, a source close to the negotiations said Wednesday. The purchase could be announced within days, though the talks remain fluid and could fall apart at any time, said the source, who spoke on condition of anonymity. Rival suitors could also submit bids that would kill the deal. Analysts had predicted that the drug division would fetch around $6 billion, but The Wall Street Journal reported the price being negotiated was between $7.5 billion and $8 billion. < Lucent offers early retirement buyout More than 10,000 Lucent Technologies Inc. employees will be given a month to decide on an early retirement buyout offer, the struggling telecommunications company said Wednesday. The move came in response to pressure from investors to speed up turnaround plans at a company already facing thousands of layoffs and continued weak demand for telecom equipment. The offers, targeted at midlevel mid·lev·el n. The middle stage or level, as in a series, course of action, or career. managers and nonunion clerical employees, will be made Monday. Employees will have until July 10 to respond and the following day to retire. ``We have announced plans to turn this company around, and this will allow us to get to our objectives faster,'' said Lucent spokesman John Skalko. Murray Hill, N.J.-based Lucent would not say how many of the nearly 10,000 employees in Lisle and elsewhere in Illinois would be eligible for early retirement. |
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