BUSINESS NOTES YOUBET WILL KEEP TRADING ON NASDAQ.Byline: - Staff and Wire reports WOODLAND HILLS - Youbet.com will continue to trade on the Nasdaq, as the online horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with site has regained minimum bid price compliance, the company said in a statement Monday. Previously, Youbet was warned by Nasdaq that the company must demonstrate its ability to trade at $1 or higher for 10 consecutive days. At Monday's close, Youbet was down 1 cent to $1.08. LAAC LAAC Looked After and Accommodated Children (UK) LAAC Los Angeles Area Council (Boy Scouts of America) LAAC Lewisville Area Arts Council, Inc. searching for new president The 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. Area Chamber of Commerce will conduct a national search for a new president, it was announced Monday. Los Angeles-based Korn/Ferry International will lead the search. The Los Angeles chamber is one of the largest in the country, with an annual operating budget Noun 1. operating budget - a budget for current expenses as distinct from financial transactions or permanent improvements budget items, operating cost, operating expense, overhead - the expense of maintaining property (e.g. of $4.5 million. LAAC employs 30 full-time staffers and provides services to about 1,300 members. Rates mixed on short-term T-bills WASHINGTON - Interest rates on short-term Treasury securities were mixed in Monday's auction. The Treasury Department sold $15 billion in three-month bills at a discount rate of 3.56 percent, down from 3.58 percent last week. An additional $12 billion was sold in six-month bills at a rate of 3.5 percent, unchanged from last week. The three-month rate was the lowest since June 25, when the bills sold for 3.375 percent. Last week's six-month rate was the highest since June 11. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , rose to 3.7 percent last week from 3.6 percent the previous week. AT&T Wireless shares down 3% SEATTLE - Investors gave the latest AT&T Corp. offspring a cool reception Monday, pushing shares of the newly independent AT&T Wireless Services down nearly 3 percent. The 10th company to be spawned by the former U.S. telephone monopoly, AT&T Wireless is the first step in AT&T's sweeping breakup breakup The division of a company into separate parts. The most famous breakup to date was the 1984 division of AT&T (formerly, American Telephone & Telegraph Company). This breakup was intended to increase competition in the communications industry. plan announced in October. Shares of AT&T Wireless were down 59 cents at $16.56, in trading Monday 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. . Losses reported by Safety-Kleen COLUMBIA, S.C. - Citing accounting irregularities, Safety-Kleen Corp. on Monday reduced reported earnings for fiscal years 1997 through 1999, wiping out about $534 million in reported earnings, and posted a fiscal 2000 loss of approximately $833 million. The company started an investigation in March 2000 of accounting practices that resulted in the dismissal of three top officers and led to the withdrawal of its former independent public accountant, PricewaterhouseCoopers LLP LLP - Lower Layer Protocol . Former Chief Executive Kenneth W. Winger, 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. Michael J. Bragagnolo and Chief Financial Officer Paul R. Humphreys were relieved of their duties on March 6 and resigned May 12, 2000. Safety-Kleen filed for bankruptcy protection the following month. Safety-Kleen spokesman John Kyte would not comment on who was responsible for the accounting irregularities, citing Justice Department and Securities and Exchange Commission investigations. |
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