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- 11th Week tviNews
TOP STORIES CONVERGING INTO THE - 11th Week -
List Grows Again
Gates Forbes' Richest Billionaire.
Other Top Richest men in the world are
Microsoft co-founder Paul Allen, Google Inc.
co-founders Sergey Brin and Larry Page, in the No.
55, their net worth growing to $7.2 billion each
after the company's initial public stock offering
in August, 2004. All are past TVI Magagzine's
Person of the Week, NBS100 achievment award
MOLD DEVELOPMENTS. FEAR OF CANCER FROM TOXIC MOLD
TRIAL BEGINS ON MONDAY, MARCH 14, 2005.
Angeles, Ca)March 12, 2005, Dee vs. PCS.
(Case No.LC057263), Attorney for the plaintiff,
Scott B. Whitenack, Esq. (AKA Scott B.
Stubblefield)) announced today that the Jury Trial
of Dee v. PCS will start on Monday as scheduled.
His client, Ms. Dee will be asking the jury to
award $6M + in punitive damages in her case against
PCS Property Management LLP and 8611 Venice Blvd.
The damages are for Ms.
Dee's physiological impairment and the fear of
cancer after being willfully exposed by the
defendants to toxic mold. Both companies are either
owned directly or indirectly by another LLP, whose
principle is local Public Communications Services,
Inc. (PCS) magnate, Joe Fryzer. PCS owns and
manages over 40 high-end luxury apartment buildings
in Beverly Hills, Los Angeles, Long Beach and
Thousand Oaks. Their motto: We dont just say
it, we mean it. Better Living Better Life.
Testifying in the case early next week, as hostile
witnesses are Joe Fryzer, Paul Jennings and his
ex-wife, Cynthia Jennings. MORE
must pay Holocaust survivors $25.5 Million and
admit role in the looting of Hungarian Gold
The U.S. government will pay $25.5 million
to settle a suit by Holocaust survivors over goods
that were stolen by the Nazis in 1944 and which
disappeared after they were recovered by the U.S.
Most of the money will go to
social welfare programs for survivors in the United
States, Israel and Hungary, according to documents
filed in federal court in
In addition, the
government will make an uncommon "statement of
acknowledgment" about the U.S. role in the looting
of what has been dubbed the Hungarian Gold
The case was the FIRST AND
ONLY Holocaust-related litigation AGAINST the U.S.
government as a
"I hope the money will go to
those people who need it most," said Irving Rosner
of Aventura, Fla., one of those who brought the
Ousts Chief Over Affair With Executive
Co. said it dismissed Chief Executive Harry C.
Stonecipher, who had come out of retirement to
restore the company's tarnished reputation, after
it learned that he was having an extramarital
affair with a female executive.
board demanded Stonecipher's resignation after
concluding that his relationship with the executive
represented poor judgment on his part and "would
impair his ability to lead."
68, has not commented publicly.
took an unusually tough stance because Stonecipher
had led a sweeping reform of the Chicago aerospace
giant as it tried to recover from a Pentagon
contract scandal that sent two executives to
let everyone know that even minor violations would
not be tolerated," said Boeing Chairman Lewis
Platt, "and when one does that, you have to live by
Sony Picks Foreigner as CEO
Corp. broke with convention and picked the head of
its U.S. operations to replace Chairman and Chief
Executive Nobuyuki Idei, marking the first time
that the Japanese electronics giant has named a
foreigner to the top job.
elevated Howard Stringer, 63, chief executive of
Sony Corp. of America, who for now also will
continue to head Sony's music and movie businesses.
Idei, 67, resigned after nearly 10 years at Sony's
board also tapped Ryoji Chubachi, who had overseen
manufacturing operations and its components
business, to replace President and Chief Operating
Officer Kunitake Ando.
said the changeover would occur immediately,
although the appointments were scheduled to be
voted on by shareholders June 22.
Thieves Tap Files at Another Data Firm
thieves have struck again, tapping personal data
kept by information broker LexisNexis on more than
30,000 Americans, the company said.
apparently unrelated to a larger security breach at
ChoicePoint Inc., the LexisNexis case prompted
calls for tighter regulation.
which is owned by London-based Reed Elsevier, said
the identity thieves used stolen passwords to gain
access to personal files containing names,
addresses, Social Security numbers and driver's
members of the Senate Banking Committee said they
would press for new rules to protect the
Chief Exits as Bush Narrows Contenders
Federal Communications Commission Chairman Michael
K. Powell bade farewell to the agency he led
through a thicket of controversies amid signs that
the White House had narrowed to two the list of
contenders for his job.
administration officials are considering nominating
FCC Commissioner Kevin J. Martin or Michael D.
Gallagher, an assistant Commerce Department
secretary for telecommunications, said FCC and
industry sources. Both are Republicans.
final meeting involved presiding over a vote by
commissioners to extend "truth-in-billing" rules to
wireless carriers, requiring that bills to
consumers be "brief, clear, non-misleading and in
who was often a lightning rod for critics, said
that "government service is not lucrative; it takes
a painful toll on you." But, he added, "I've loved
every single moment of it."
of DirecTV Resigns Abruptly
president of DirecTV abruptly resigned, a little
more than a year after he was handpicked for the
job by News Corp. Chairman Rupert Murdoch in the
wake of his takeover of the satellite TV
executives said no successor would be named for
Mitchell Stern. Sources said the company would be
run by DirecTV Group Inc. Chief Executive Chase
Carey and two News Corp. executives not yet
said Murdoch was frustrated that DirecTV was not
developing programming innovations or new
who had been commuting between New York and the
company's El Segundo headquarters, said his
bicoastal life had taken a toll on him and his
Warner Music Files for IPO
a year after a group of investors led by Edgar
Bronfman Jr. completed its purchase of Warner Music
Group, the company took the first formal step
toward going public.
document filed with the Securities and Exchange
Commission detailed plans to sell as much as $750
million of common stock in an initial public
offering. The company did not say how many shares
would be offered or at what price. Shares would be
listed on Nasdaq or the New York Stock
Warner Music's chairman and chief executive, has
been restructuring the company by cutting jobs and
wages and slashing artist rolls.
its SEC filing, Warner Music said proceeds from the
IPO would be used to repay debt and for general
Decry Any Role for Eisner in CEO Search
Walt Disney Co. shareholders Roy E. Disney and
Stanley P. Gold alleged that company directors
planned to let Chief Executive Michael Eisner sit
in on interviews with his potential successors,
making a "mockery" of the job search.
an open letter to the board, the two said Eisner's
involvement would discourage candidates from
applying, steering the search toward his choice,
Disney President Robert Iger.
Zenia Mucha denied that Eisner would participate in
interviews with all candidates but did not
source close to the company said the board had
discussed allowing Eisner to be present during
interviews. Another source said that although
Eisner would have a role in the search, candidates
would have the option of interviewing without him
Counsel Who Sold Shares Steps Down
Idec Inc.'s top lawyer, who sold shares the day the
company told regulators that patients in a clinical
trial of a multiple sclerosis drug had fallen ill,
Biogen spokesman declined to comment on the abrupt
departure of its executive vice president and
general counsel, Thomas J. Bucknum. Bucknum could
not be reached.
learned Feb. 18 that one patient, and possibly a
second, had developed a rare and often fatal
sickness after taking Tysabri, developed by Biogen
and partner Elan Corp. Biogen reported the cases to
the Food and Drug Administration. That same day,
Bucknum sold 89,700 shares for $6 million, making a
profit of $1.9 million, according to Securities and
Exchange Commission filings.
said it was cooperating with the SEC in unspecified
matters related to the withdrawal of Tysabri; legal
experts thought the SEC could be looking at
possible insider trading.
Trade Panel Says Intel Abuses Power
anti-monopoly commission accused chip maker Intel
Corp. of abusing its market dominance by pressuring
computer makers not to buy rival
country's Fair Trade Commission warned Intel that
it could face prosecution if it failed to change
its business practices in Japan. The company was
given 10 days to respond formally to the charges.
Intel executives denied wrongdoing.
trade panel alleges that Intel violates
anti-monopoly laws by offering discounts to five
Japanese computer vendors on the condition that
they restrict their purchases of processors from
said that its business practices were fair and that
the Japanese commission had not taken into
consideration antitrust principles commonly
accepted around the world.
to Recover, Fleetwood Ousts CEO
Enterprises Inc. replaced its chief executive,
recalling from retirement a 30-year employee who
helped build the company's recreational vehicle
business into an industry leader.
Riverside-based company said Elden Smith, the
64-year-old former head of Fleetwood's RV division,
would replace Edward Caudill, chief executive since
company has been struggling to recover from a
persistent slump in manufactured housing.
departure of Caudill, 62, comes after Fleetwood
reported a wider-than-expected fiscal third-quarter
loss and warned of a loss for the current
to Take Over Some United Airlines Pensions
federal agency that insures pension plans said it
would take over the underfunded pensions of more
than 36,000 current and retired ground workers at
United Airlines, prompting a strike threat.
Pension Benefit Guaranty Corp. said the ground
workers' pension plan was only 30% funded, with
$1.2 billion in assets to cover $4.1 billion in
promised benefits. It said United parent UAL Corp.
had missed $363 million in payments to the
of the ground workers union, the International
Assn. of Machinists and Aerospace Workers, said
they planned to meet Monday with United and the
PBGC and threatened to strike if a compromise could
not be reached.
Page / Feature
TIMELINE: Top Stories To
Start The Week With:
RULES IN FAVOR OF WOMAN IN A $6M LANDMARK TOXIC
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