GARMIN TO GRACE N MICHIGAN Gar...

GARMIN TO GRACE N MICHIGAN

Garmin International Inc., the Olathe, Kan., manufacturer of GP gear, has lay the foundation of its way to Michigan Avenue. Garmin forward Monday announced plans to explain its first retail outlet at 669 N Michigan in time for the holiday shopping season.

TELLABS BUYING BACK STOCK

Naperville-based Tellabs Inc., a maker of equipment for phone and Internet a whole s will buy back as earnestly as $300 million of general stock under a new repurchase plan. The latest program take the part ofs about 7 percent of outstanding shares based onward the stock's closing price of $940 Monday, Tellabs said.

PLAYBOY STARTING POKER SITE

Playboy Enterprises Inc. is starting an online poker site, its other gaming venture announced in three month Playboy Enterprises and its licensee, Oceania Caribe Licensing, will market the site worldwide excluding in the United States, where the rule is cracking down on Internet gambling, the companies said Monday.

$5 SURCHARGE FROM CINGULAR

About 47 million Cingular Wireless subscribers with older phone will have to pay $5 extra each month as the company tries to prod them to purchase new handsets so it can give over its entire network to single in kind type of signal. The novel surcharge, unique among the major U carriers, will be added to bills starting in September. The charge can be avoided through switching to the Global method for Mobile, or GSM network, the company said.

U OF C WINS ARGONNE PACT

The U Education Department Monday awarded a $25 billion, five- year contract for the management and operation of Argonne National Laboratory to the UChicago Argonne, LLC avowed by the University of Chicago.

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