Jc Penney Co Inc

UPS Gets $1-Billion Contract: The package delivery company said it signed a five-year contract with JC Penney Co. It is the largest contract ever awarded to UPS and is believed to be the largest ever in the delivery industry. Under its terms, Atlanta-based United Parcel Service will be the preferred carrier for JC Penney's small package air deliveries and for some of its ground shipments.

UPS Gets $1-Billion Contract: The package delivery company said it signed a five-year contract with JC Penney Co. It is the largest contract ever awarded to UPS and is believed to be the largest ever in the delivery industry. Under its terms, Atlanta-based United Parcel Service will be the preferred carrier for JC Penney's small package air deliveries and for some of its ground shipments.

Mcglen Internet Group Inc. said Monday that following its pending merger with Lan Plus Corp., it will change the corporate name to Northgate, the name of a mail order personal computer reseller that Lan Plus bought in 1997. Mcglen, a Tustin specialty technology company, said the Northgate name is "well branded," especially in cable television shopping networks, mail order catalog companies and large chain stores like J.C. Penney Co. Inc.

Stanley J. Dorst, president and chief executive officer of Grosvenor Development Co. in San Francisco, has been named chairman of the board, and William W. Hughes Jr. of Hughes Investments in Newport Beach, has been elected president of California Business Properties Assn. Other officers include Malcolm R. Riley, who heads a Los Angeles firm bearing his name, vice president; William J.

As consumers burst through shopping center doors to snap up bargains, some retailers' stocks got a bump on Wall Street. Stocks opened higher in a shortened trading session on Black Friday. The Dow Jones industrial average rose 82 points, or 0.6%, to 12,919 shortly after the opening bell. The broader Standard & Poor's 500 index gained 8 points, or 0.6%, to 1,399. The Nasdaq added 19 points, or 0.6%, to 2,945. Electronics retailer Best Buy Co. Inc. rose 23 cents, or 2%, to $11.80 in early trading.

With the U.S. stock markets closed today in observance of Presidents Day and with little economic data on the calendar, the direction of equities this week will be dictated by corporate earnings. And the gloomy parade is expected to continue, after sour predictions last week from tech giants Nortel Networks Corp. and Hewlett-Packard Co. Retailers dominate the quarterly earnings announcements this week, with bottom-line news expected Tuesday from Home Depot Inc. and Wal-Mart Stores Inc.

Ryan Gosling took his mom, Donna, to the world premiere of his new film, "Gangster Squad," at Grauman's Chinese Theatre in Hollywood on Monday night. When she was asked on the red carpet who she was wearing, Mom came back with "Eva Mendes," having raided the closet of Ryan's girlfriend. [E!] Beyonce and Solange Knowles are talented and famous ... and nice enough to return borrowed clothes they've worn clean and pressed. Designer Rubin Singer, who dressed Beyonce for a New Year's Eve performance in Las Vegas, said the sisters are the only celebrities who "always dry clean and send clothes back in a box, with a handwritten thank you note.

Anxious to widen its operations north of the Los Angeles basin, PacifiCare Health Systems Inc. announced Monday that it has received state approval to expand its health maintenance organization into Northern California through a network of providers. In announcing the expansion, PacifiCare said it has not given up its quest to acquire another HMO to further expand in Northern California, which with 26 HMOs is considered one of the most competitive, yet lucrative markets in the nation.

A developer has dropped plans to open a regional shopping mall in the Santa Clarita Valley, saying the area could not support both his project and another mall already planned by Newhall Land & Farming Co. in Valencia. "It wasn't by choice," Carl Nelson, vice president of Santa Fe Development Co., said Friday of the company's decision to abandon its mall proposal.

With Christmas and the new year fast approaching, many employees have visions of fat bonuses dancing in their heads. Increasingly, though, larger companies are trending away from yuletide offerings of money in favor of specific, holiday-oriented gifts. Here's a list of the 20 biggest employers in Orange County, and their bonus/gift plans for the holiday season: Company: Hughes Aircraft Co.

Edward T. Howard has joined the University Advisory Board at Cal State Fullerton for a four-year term. Howard is president of J.C. Penney Co. Inc.'s Southwestern region. * Donna Barlet has been named account executive for Morrison, Lee & Stevens, an Irvine advertising and public relations agency. She was previously marketing coordinator at Century 21 Real Estate Corp. in Irvine. * Bernice K. Hird and Joe W.