BUSINESS NOTES VIVENDI UNIVERSAL AGREES TO LEASE.Vivendi Universal Interactive Publishing signed a 10-year lease with Arden Realty Inc. for 100,000 square feet of office space in the Howard Hughes Center in West Los Angeles
VUP's Education division will occupy the space and is expected to move from its current offices in Glendale and Torrance to the 12-story building at 6060 Center Drive. - Associated Press MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. to buy stake in cable networks NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Shortly after ending an auction for its cable programming subsidiary, Cablevision Systems Corp. is selling a 20 percent stake in its four main cable networks to the Hollywood studio Metro-Goldwyn-Mayer Inc. The $825 million in cash that MGM is paying for its stake in the four networks - American Movie Classics, Bravo, The Independent Film Channel and WE: Women's Entertainment - gives the properties a generous valuation of slightly more than $4 billion. - Associated Press Pulitzer buying Lompoc Record Pulitzer Inc. announced Thursday it has purchased the assets of The Lompoc Record from its owner, the California Newspapers Partnership. The CNP (Certified Network Professional) A professional designation and accreditation given to individual IT networking professionals by the Network Professional Association (www.npa.org). is owned by partners MediaNews Group, the Gannett Co. and Donrey Media Group. The 8,000 circulation afternoon and Sunday newspaper was one of nine newspapers operated by the Los Angeles Newspaper Group The Los Angeles Newspaper Group is an umbrella group of local daily newspapers published in the greater Los Angeles area by MediaNews Group. The news coverage of the newspapers are mainly local stories. . Other members include the Daily News, which is owned by MediaNews Group of Denver. Terms of the purchase were not disclosed. Pulitzer also owns the Santa Maria Times, which is 30 miles from Lompoc. - Daily News Grill Concepts appoints new CFO See Chief Financial Officer. Daryl E. Ansel has been named chief financial officer of Grill Concepts Inc., it was announced Thursday. Ansel, 39, succeeds Ben Sumner, who retired and is now a consultant for the company. Ansel most recently was food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. finance manager for Universal Studios. Grill Concepts runs Daily Grill restaurants in Southern California, Skokie, Ill., and the Washington, D.C., area, in addition to The Grill on the Alley restaurants in Beverly Hills, San Jose and Chicago. - Associated Press Firm tightening address security SAN JOSE - Online auction house eBay Inc. will soon start concealing the e-mail addresses of its customers, making it more difficult for junk-mail senders to harvest the information. Anyone registered on the site can currently view e-mail addresses by clicking on a seller's or bidder's user name. Registration is free and takes only a few minutes to complete. Under the new system, to be deployed over the next few weeks, users who want to contact buyers or sellers will only see the recipient's user name. They will enter their message in a form, rather than send their own e-mail message. - Associated Press McCain critical of TWA proposal WASHINGTON - American Airlines' proposed takeover of TWA was hailed Thursday in Senate testimony as the rescue of a dying company's jobs and routes and derided as another step toward aviation giants squeezing out competition. American's acquisition of TWA, coupled with United's bid to obtain most of US Airways, will give just a few airlines ``the pricing power Pricing Power An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand. to slowly force out or severely constrict con·strict v. To make smaller or narrower, especially by binding or squeezing. the growth of new entrants,'' said Senate Commerce Committee Chairman John McCain, R-Ariz. ``The consumer is the one who will pay the price.'' But Missouri's two senators and its governor said the deal was essential to their state's economic well-being. Trans World Airlines Trans World Airlines, commonly known as TWA, was a major American airline company that was acquired by American Airlines in April 2001. For many years it was headquartered at the Kansas City Downtown Airport, as well as midtown Manhattan in New York City. , which has a hub in St. Louis, filed for bankruptcy protection last month as part of its agreement with American. - Associated Press |
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