Business Briefs: Cheesecake Factory, Unocal, Computer Sciences Corp., Jacobs

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& #8226; Cheesecake Factory Inc.

reported net income of $23.3 million (29 cents per diluted share) for the second quarter ended June 28, compared with $17.6 million (22 cents) for the like period a year earlier. Revenue rose 23 percent to $288.3 million from $234.9 million in the comparable period of the prior year.


Analysts had expected earnings of 29 cents per share on revenue of $289.5 million.


The company also said that same-store sales rose 1.7 percent. The Calabasas Hills-based company operates 94 of its casual dining restaurants and five restaurants under the Grand Lux Cafe name.



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CNOOC Ltd.’s largest non-government shareholder, William Blair & Co., has sold its stake in China’s third-biggest oil company worth $141 million because it doesn’t support CNOOC’s $18.5 billion offer for

Unocal Corp.

, Bloomberg News reported. David Merjan, who helps manage $11 billion at William Blair in Chicago, told Bloomberg that the offer marks “a sudden change in strategy” and suggests CNOOC “no longer believes that it can achieve the growth rates they thought possible organically, so they think they need to acquire more companies.”



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Senior managers at Yahoo! Inc.’s media division reacted against the company’s move to Santa Monica, with three division heads leaving the company, and others refusing to move from Silicon Valley, The Wall Street Journal reported. The heads of the finance, sport and movies, and television divisions have resigned, and three others have taken new jobs within Yahoo. The staff change may also be linked to unhappiness with the management style of Lloyd Braun, who heads the media division.



& #8226; Computer Sciences Corp.

agreed to a three-year contract extension of its sponsorship of a Danish cycling team that has faired well in the Tour de France. The El Segundo informational technology giant, which began sponsoring Team CSC in 2001, will continue to offer its financial support through the 2008 cycling season.


Computer Sciences pays more than $5 million annually to the team, which competes in 80 races worldwide each year. In addition to the sponsorship deal, Team CSC captain Ivan Basso extended his contract with the team through 2008. The Tour de France ends July 24.



& #8226; Jacobs Engineering Group Inc.

announced that a subsidiary company signed an engineering contract with apparel company Diesel to design and construct the company’s new headquarters in Vicenza, Italy. Financial details of the contract were not disclosed. The new headquarters will house the main offices, showrooms, an auditorium, fitness and sports facilities, a restaurant and cafeteria, bars, a warehouse, and underground and external parking for visitors.

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