BUSINESS NOTES UCB AWARDS 175 COMMUNITY GRANTS.Byline: - Staff and wire reports
As a ``birthday present'' from United California Bank, which began operating this week, 175 community organizations around California will receive grants totaling $700,000.
United California Bank, formed from the merger of Sanwa Bank and Tokai Bank, is the third-largest bank headquartered in the state.
UCB UCB - University of California at Berkeley executives presented donations to representatives of some of the organizations at bank branch locations in 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. , San Francisco, Fresno and Irvine.
The donations went to groups focusing on education, health and welfare, community development and the arts.
GM recalls trucks for belt defects
DETROIT - General Motors Corp. said Friday it is recalling about 10,000 Chevrolet and GMC GMC
See: Guaranteed Mortgage Certificate full-sized trucks to repair a problem with the seat belt retractor retractor /re·trac·tor/ (-trak´ter)
1. an instrument for holding open the lips of a wound.
2. a muscle that retracts.
The vehicles involved are 2001 model year Chevrolet Silverado and GMC Sierra full-size extended-cab pickup trucks and Chevrolet Tahoe and Suburban and GMC Yukon, Yukon Denali, Yukon XL, and Yukon XL Denali full-sized sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. built between Sept. 27 and Oct. 3.
According to GM, a component in the seat belt retractor in the second- and third-row seats may fracture. That could prevent the safety belt retractor from locking or securing a child seat in a crash.
There have been no reports of accidents or injuries related to the problem, GM said.
Notices were sent to affected owners Tuesday, GM spokesman Mike Morrissey said.
Harrah's earnings fall short of goals
LAS VEGAS - Shares of Harrah's Entertainment Inc. dropped 17 percent in trading Friday after the gambling company said it will fall short of Wall Street's second-quarter estimates.
The Las Vegas-based company expects to report adjusted earnings per share of 46 to 50 cents for the quarter ending June 30. That's up from quarterly earnings of 40 cents last year, but below analysts' estimates of 55 cents per share Cents per share
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. .
The company on Thursday cited two primary reasons for the earnings shortfall: a lower-than-expected table-games hold percentage at the Rio in Las Vegas and accelerating weakness in retail and walk-in business stemming from the nation's economic slowdown.
America West has 2nd-quarter loss
TEMPE - The parent company for America West Airlines America West Airlines was one of the United States' ten major airlines. The airline was based in Tempe, Arizona, and is now a part of US Airways Group.
At the time of its integration into US Airways, the airline maintained two hubs, one at Phoenix Sky Harbor International announced that it expects the carrier to post a net loss of $40 million to $50 million in the second quarter because of continued weakness in the U.S. economy and high fuel prices.
The estimate Thursday by America West Holdings America West Holdings Corporation is an Arizona-based company owned by US Airways Group Inc. Its primary holding is America West Airlines.
America West's corporate offices in Tempe are housed in one of the first commercial high-rise buildings constructed in the downtown Corp. includes special charges announced earlier. Without those charges, the second quarter net loss is expected to be $20 million to $30 million.
One bright spot for the airline during the quarter is that it has filled a higher percentage of seats than most competitors and its load factor has increased while other airlines have experienced declines.
Air rage is called a major problem
WASHINGTON - By failing to deal with air rage, airlines and government agencies are putting air travelers increasingly at risk, say flight attendants, who allege 4,000 incidents a year of unacceptable passenger behavior.
At Reagan National Airport, the flight attendants issued an air rage report card, giving failing grades to airlines, the Justice Department and the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control .
Those agencies have failed to force airlines to report all air rage incidents and rarely enforce laws against rowdy passengers, Patricia Friend, president of the Association of Flight Attendants The Association of Flight Attendants (commonly known as AFA) is a union representing flight attendants in the United States. AFA represents 55,000 flight attendants at 20 airlines, making it the world's largest flight attendant union. , said Friday.