BUSINESS NOTES SHOWSCAN PLAN TO REORGANIZE OK.Byline: - Staff and Wire Services Showscan Entertainment Inc. said Monday that 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. has been approved by the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Central District of California. Under the plan, Octograph Media Group, Showscan's long-term film production partner, will fund Showscan's reorganization and will ultimately acquire the company and take it private as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Showscan filed a voluntary Chapter 11 bankruptcy less than a year ago. Russell H. Chesley, Showscan president and chief executive officer, said he is pleased that the court approved the plan. Campaign begins against drinking Miller Brewing Co. said Monday that its new guidebook will help Spanish-speaking parents talk to their children about underage drinking. ``Hablemos Claro'' or ``Let's Talk'' will be formally unveiled Friday at 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. Union Station's Fred Harvey Frederick Henry Harvey (June 27 1835–February 9 1901) was an entrepreneur who developed the Harvey House lunch rooms, restaurants, souvenir shops, and hotels, which served rail passengers on the Atchison, Topeka and Santa Fe Railway, the Gulf Coast and Santa Fe Railway, the restaurant. The guide will be distributed nationally through affiliations with the National Council of La Raza The National Council of La Raza (NCLR) is the largest Hispanic advocacy organization in the United States. The NCLR was founded in 1968 as a nonpartisan nonprofit organization dedicated to reducing discrimination and poverty and to improving the lives and economic opportunities of , the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Hispanic Chamber of Commerce, the National Association of Hispanic Publications, the Hispanic Association of Colleges and Universities and the National Latino Peace Officers Association, among other local and statewide groups, a Miller official said. AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner to cut more jobs AOL Time Warner Inc. plans to make further job cuts at its America Online unit, The Wall Street Journal reported Monday. AOL Time Warner already cut 725 positions of the unit's 15,000 employees in January, part of a companywide job cutback cut·back n. 1. A decrease; a curtailment: "The political effects of food cutbacks could be devastating" New York Times. 2. that trimmed more than 2,000 positions. Citing a source familiar with the plans, The Journal said this round of cuts is likely to involve hundreds of employees, though the exact number and timing was not known. AOL spokesman Jim Whitney declined to comment on the report. Cendant to buy Cheap Tickets Cendant Corp., one of the country's most creative deal-makers, took another step in its plan to become a major Internet travel agency Monday, agreeing to buy Cheap Tickets for $425 million in cash. Cheap Tickets specializes in deep discount fares, a portion of the travel industry that is growing as the economic downturn has caused business travel to fall off sharply. For Cendant, the deal is meant to expand its rapidly growing array of travel booking services, including Galileo International, the computer reservation network that Cendant agreed to buy in June for $2.9 billion. In part, Cendant's moves are meant to tap into the rapid rise of Internet travel services, arguably the most successful form of online commerce. And they are also intended to help drive customers to its travel brands, which include Avis, Ramada ra·ma·da n. Southwestern U.S. 1. a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade. b. An open porch or breezeway. 2. and Days Inn. Sony vows to ban fake film reviews PORTLAND, Ore. - In the first agreement of its kind since two Sony Pictures executives admitted using fake reviews to promote movies, company representatives signed a promise Monday that Sony would never again advertise in Oregon with fabricated reviews. Oregon was one of several states to investigate the practice after the marketing executives admitted using reviews by imaginary film critic David Manning to market films, including ``A Knight's Tale'' and ``The Animal.'' The company temporarily suspended the executives. In the pact signed Monday, company representatives said Sony would either use quotes from actual reviews by professional film critics or admit that the people touting the film were studio employees. |
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