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July 29, 1998

Foodmaker Inc., the parent of Jack-in-the-Box restaurants, reported record fiscal third-quarter earnings of $12.6 million, or 31 cents per diluted share, before a one-time charge, compared with $10 million, or 25 cents, a year ago. The board of San Diego-based Foodmaker authorized the repurchase of up to $20 million in common shares after Thursday. Third-quarter sales at its 1,031 company-operated restaurants grew 12.3% to $264 million, from $235 million a year ago.

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Los Angeles-based Sanwa Bank California reported a 10% increase in second-quarter net income to $24.9 million, up from $22.7 million in the year-ago quarter. Sanwa Bank California is a unit of Sanwa Bank of Japan.

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U.S. Trust Corp.'s West Coast unit has agreed to buy Maier & Siebel, a Larkspur-based real estate money manager with about $300 million under management. Maier & Siebel is affiliated with Wood Island Associates, which manages about $1 billion. U.S. Trust said in June that it had signed a deal to buy Wood Island.

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Agoura Hills-based Guitar Center Inc. reported second-quarter pro forma net income of $2.9 million, or 14 cents per diluted share, on sales of $91.3 million, compared with $2.2 million, or 11 cents, on sales of $69.6 million a year ago. The figures reflect recapitalization in June 1996 and an initial public offering in March 1997.

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