BUSINESS NOTES SUNAMERICA INC. CHIEF STEPS DOWN.Billionaire philanthropist Eli Broad Eli Broad (born June 6, 1933) a native of Detroit, Michigan is a Jewish American billionaire who lives in Los Angeles, California. His last name is pronounced as rhyming with road. Broad is well known for his philanthropy and extensive art collection. , who has been running companies since age 23, said Friday he will relinquish his job as chief of SunAmerica Inc. annuities firm and step up his charitable work. Jay Wintrob, 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 SunAmerica, will succeed his mentor. Broad will remain chairman of SunAmerica but relinquish day-to-day duties, focusing on long-term strategy. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Executive officer quits Strouds Inc. Harry Brown resigned Friday as executive vice president and general merchandise manager of troubled Strouds Inc., which is reorganizing under Chapter 11 of the federal bankruptcy code Bankruptcy Code may refer to:
Charles Chinni, Strouds' chairman and chief executive officer, assumed all of Brown's merchandising responsibilities. - Daily News Actors, ad groups still in negotiation In an optimistic sign toward ending the five-month commercial actors strike, both sides said Friday they would bring their full negotiating teams to the table when talks resume next week. Friday marked the third straight day of preliminary negotiation in the dispute between commercial actors and the advertising industry over residuals and Internet ads. - Daily News Analyst predicts UnitedHealth rise A Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. analyst raised his price target on UnitedHealth Group UnitedHealth Group Incorporated NYSE: UNH is a managed health care company. It is the parent of United Healthcare, one of the largest health insurers in the U.S. It was created in 1977, as UnitedHealthCare Corporation (it renamed itself in 1998), but traces its origin to a Inc. on Friday to $105 from $100 after the nation's second-largest managed-care company gave ``a rosy outlook'' at an investor conference earlier this week. UnitedHealth shares lost $1.8125, or 1.92 percent, to close Friday at $92.6875 on heavy volume of 960,800 shares traded on 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. . The stock reached a 52-week high of $96.313 on Sept. 12. Analyst Larry Marsh said in a research report that premium rates are expected to rise 10 percent in 2001, giving new visibility to earnings and the company continues to show strong operational results. - Daily News Unova shares hit by big stock drop Shares of Woodland Hills-based Unova Inc. plunged Friday, one day after the company issued an earnings warning. The manufacturing company's stock closed at $4.9375 on Friday, down $2.3125. Unova said Thursday it expects significant losses for the remainder of 2000. The company, through its Intermec subsidiary, is a global supplier of mobile information technology and wireless networks. Its Industrial Automation Systems segments are among the world's leading manufacturing technology suppliers to the automotive, diesel engine and aerospace industries. - Daily News Used-tire dealers profit from recall NASHVILLE, Tenn. - The Tennessee attorney general's office is investigating reports that some used-tire dealers are selling recalled Firestone tires - tires that are then being traded in for free, new replacements under Bridgestone/Firestone's recall program. Sharon Curtis-Flair, spokeswoman for Tennessee Attorney General The Tennessee Attorney General is an executive position within the Tennessee state government. The Attorney General is the chief law enforcement officer and lawyer for Tennessee. The current office holder is Robert E. Cooper, Jr. Paul Summers Paul G. Summers (born March 28, 1950) served as attorney general of the state of Tennessee, United States, from 1999 through September 2006. He previously served as a Judge of the Court of Criminal Appeals (1990–1999) and as a District Attorney. , told The Associated Press that several states have been talking to Bridgestone/Firestone about the matter. - Daily News |
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