a part of an organization that operates as a distinct function, department, division, or stand-alone business. Business units are usually treated as a separate profit center within the overall, owning business.
DENVER--BUSINESS WIRE--Jan. 14, 1997--Evergreen Resources Inc. (NASDAQ:EVER) announced today that the Bureau of Land Management has designated approximately 33,000 acres of Evergreen's Raton Basin oil and gas leases as a new Federal Unit called the Sangre de Cristo Unit. Evergreen Operating Corp., a wholly owned subsidiary, has...
TULSA, OKLAHOMA--BUSINESS WIRE--Jan. 13, 1995-- Questa Oil & Gas Co. (NASDAQ: QUES) today announced it has reached a tentative merger agreement with Unit Corporation (NYSE: UNT). Under the terms of the agreement, Unit would acquire all of the outstanding shares of Questa in exchange for, at the option of...
JINAN, SHANDONG, PRC--BUSINESS WIRE--Nov. 19, 1998--New York-listed Shandong Huaneng Power Development Co. Ltd (NYSE:SH) announced today that the fourth unit of its Weihai Power Plant Phase II project is now in operation following the completion on Nov 5, 1998 of its trial run. The project, which comprises two 300MW...
Merger creates new Nykiel Carlin unit SCHAUMBURG - Nykiel Carlin & Co. said Wednesday it has created a new unit as part of its merger with Arlington Heights-based Gregory Financial Group Inc. Gregory Financial Group LLC is now a Nykiel unit dedicated to buying...
COLUMBIA, Md.--BUSINESS WIRE--Jan. 28, 1999--Meridian Medical Technologies Inc. (Nasdaq:MTEC) Thursday announced the formation of a new business unit within its Government Systems Group. The new unit, known as Meridian Domestic Preparedness, is responsible for addressing the growing demand for auto-injectors used in chemical defense and for related medical products...
Mortgage lender Countrywide Financial Corp. is tapping its Irvine unit to launch a push into the commercial insurance brokerage business. The Irvine unit-Countrywide Insurance Group-plans to open a new operation at its Park Place offices in July. By the end of the year the commercial insurance unit is expected to...
Since before the 1950s, unit ventilators have been standard elements in the physical character of elementary and high schools. Although unit ventilators have not changed significantly in outward appearance, the internal technology has continued to advance to meet changing needs. As a primer, the whitepaper's purpose is to review design,...
Unit Corp. Wednesday revealed a 30 percent increase in its consolidated capital expenditure budget to $205 million for 2005, allocated between its three primary subsidiaries: Unit Drilling, Unit Petroleum and Superior Pipeline.
According to the paper the outlook for unit-linked business in Europe is positive. Unit-linked products returns present the policyholder and life insurer with an interesting alternative to traditional products. Not only do unit-linked products incur no investment risk for the life insurer, they also need to be backed by less...
HOFFMAN ESTATES, Ill. -- Career Education Corporation (NASDAQ:CECO) said today that Paul Ryan has resigned from his position as senior vice president of the company's Culinary Arts strategic business unit, effective May 30th. The company has initiated a search for a new leader for the business unit and will be...
YORBA LINDA, Calif.--BUSINESS WIRE--Dec. 8, 1995--Unit Instruments Inc., the successor corporation to Autoclave Engineers Inc. announced that effective Nov. 17, 1995 the company's name and listing symbol on the NASDAQ was changed to Unit Instruments Inc. under the symbol UNII.
Dow has formed the Custom & Fine Chemicals business unit, which consolidates many of the assets, resources and technologies of recent acquisitions into a separate global business unit. George Blitz has ... Dow has formed the Custom & Fine Chemicals business unit, which consolidates...
NEW YORK--BUSINESS WIRE--Feb. 19, 1998--Alliance Capital Management L.P. (NYSE: "AC") announced today that the Board of Directors has approved a two-for-one split of its outstanding Units. The record date for the Unit split is March 11, 1998. It is anticipated that new Unit certificates will be mailed on April 2,...
AT&T says it plans to spin off the remaining 84.4% interest in its AT&T Wireless unit to its shareholders in a transaction valued at $43.1 billion. Previously, AT&T split off a 15.6% stake in the unit as a tracking stock through an initial public offering. AT&T also says it's planning...
The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Aug. 16--J.P. MORGAN'S RETAIL MORTGAGE UNIT THRIVES WHILE OTHER UNIT CLOSES: J.P. Morgan Chase's mortgage-processing unit in Maitland felt the pain of layoffs last week when the company announced plans to close the center...
MENLO PARK, Calif--BUSINESS WIRE--Dec. 7, 1998--Informix Corporation (Nasdaq:IFMX), the technology leader in enterprise database-powered solutions, and Siemens AG of Munich today announced they have jointly formed a worldwide business unit based in Munich.
