BUSINESS NOTES SYNCOR EXPANDING SERVICES TO BRAZIL.WOODLAND HILLS - Syncor International Corp.'s Brazilian subsidiary signed agreements Wednesday with two companies to expand services in Brazil. The first agreement is with the Kaplan Clinic, an oncology center located in Porto Alegre Porto Alegre Port and city(pop., 2005 est.: city, 1,386,900; metro. area, 3,978,263), southern Brazil. Located along the Guaíba River near the Atlantic Ocean coast, it was founded c. 1742 by immigrants from the Azores. It was first known as Porto dos Casais. , Brazil, to manage and direct all nonmedical functions at the clinic. Under the 10-year agreement, Syncor will also operate the pharmacy at the clinic to compound chemotherapy infusion pharmaceuticals for use in chemotherapy treatments throughout Porto Alegre, the largest city in southern Brazil. In addition, Syncor expanded its existing agreement with Hospital Santa Paula Santa Paula (săn`tə pôl`ə), city (1990 pop. 25,062), Ventura co., S Calif., on the Santa Clara River in a fertile valley that yields citrus fruits, avocados, vegetables, flowers, nursery products, and walnuts; laid out 1875, inc. in Sao Paulo to include the management of a brachytherapy center at the facility for the treatment of prostate cancer prostate cancer, cancer originating in the prostate gland. Prostate cancer is the leading malignancy in men in the United States and is second only to lung cancer as a cause of cancer death in men. using brachytherapy seeds. Seeds are radioactive sources that are implanted in localized tumors to eradicate the cancer. - Daily News IBS IBS Irritable bowel syndrome, see there to purchase stock in Cetalon Cetalon Corp. announced Wednesday that it has received a $1.5 million investment from Innovative Botanical Solutions Inc., 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. of Nature's Sunshine Products Nature's Sunshine Products, Incorporated (NASDAQ: NATRE), is a manufacturer and marketer of encapsulated herbs and vitamins. It is based in Provo, Utah. The company was founded in 1972 by Gene Hughes, who started encapsulating capsicum in his home kitchen. Inc. IBS will purchase about 10 percent of Cetalon's outstanding common stock, or approximately 460,000 shares, at $3.27 each. IBS was also granted an option to acquire an additional $1.5 million in Cetalon shares during the next 180 days. Innovative Botanical Solutions will manufacture a proprietary line of Cetalon-branded herbs and vitamins as well. Cetalon received a warrant from Nature's Sunshine to purchase up to 5 percent of its common stock at $11.13 per share. - Daily News Mercury Air files for public offering Mercury Air Group Inc. has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 1.3 million shares of MercFuel Inc. common stock. The initial public offering price of the stock is expected to be between $9 and $11 a share. - Daily News Port of L.A. sees bump in activity SAN PEDRO - The Port of Los Angeles The Port of Los Angeles is located on San Pedro Bay in the San Pedro neighborhood of Los Angeles, approximately 20 miles (30 km) south of downtown. Also called Los Angeles Harbor and WORLDPORT LA handled 417,420 TEUs last month, up 2.5 percent from the previous April. TEU TEU Twenty-Foot Equivalent Units (intermodal shipping container) TEU Technical Escort Unit TEU Technical Escort Unit (Army) TEU Tactical Enforcement Unit TEU Treaty of European Union stands for 20-foot equivalent units, which is maritime terminology used when counting marine cargo containers of varying lengths. Imports totaled 210,732, compared with 211,262 in a year-to-year comparison, down about 0.3 percent. Exports showed an increase of more than 3.3 percent, with the movement of 88,057 TEUs, said the port's executive director, Larry Keller. - City News Service Newhall Land OKs buyback program VALENCIA - The Newhall Land and Farming Company's board approved a new buyback program of up to 2.52 million units. The buyback represents 10 percent of the roughly 25,171,000 units expected to be outstanding when the current program is completed. The units will be bought from time to time at prevailing prices, through the open market or in unsolicited negotiated transactions, depending on market conditions, and will be funded from cash flow generated from normal business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . - City News Service |
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