Printer Friendly
The Free Library
23,375,127 articles and books


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, 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 in Sao Paulo to include the management of a brachytherapy center at the facility for the treatment of prostate cancer using brachytherapy seeds. Seeds are radioactive sources that are implanted in localized tumors to eradicate the cancer.

- Daily News

IBS 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 of Nature's Sunshine Products 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 handled 417,420 TEUs last month, up 2.5 percent from the previous April.

TEU 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.

- City News Service
COPYRIGHT 2001 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:May 17, 2001
Words:475
Previous Article:THE BUZZ MTV GETTING MORE ANIMATED THAN EVER.
Next Article:ASSEMBLY ADDS VETS-HOME FUNDS.
Topics:



Related Articles
FIRM ADVANCES CANCER FIGHT SYNCOR ACQUIRES DRUG FIRM, GAMMA KNIFE.
SYNCOR DENIES DUPONT CLAIMS.
IMAGING FIRM GOING TO SYNCOR.
SYNCOR ENTERS BUYING DEAL.
CONTRACT LOSS HITS SYNCOR'S SHARES; STOCK DECLINES 4.5% ON NEWS.
SYNCOR WINS MAJOR BUYER : VALLEY FIRM GETS 4-YEAR CONTRACT.
SYNCOR BOUGHT CARDINAL DRUG DEAL SUSTAINS GROWTH SPREE.
CARDINAL HEALTH NET UP 28% IN 3RD QUARTER.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters