CALIFORNIA | LOCAL
October 1, 1996 |
Consultants Monday unveiled a lengthy report on the future of the county's landfill system, but some Waste Management Commission members are already expressing strong reservations about one option: selling the dumps to a private operator. The 2-inch-thick report, prepared over the last two months by A.G. Edwards & Sons Inc. and Alex, Brown & Sons Inc., does not recommend specific action. But it does offer an exhaustive analysis of the landfill operations and examines several possible scenarios.
December 29, 2004 |
Wet Seal Inc. said Tuesday that it would close about 150 stores and eliminate some 2,000 jobs. The ailing retailer, based in Foothill Ranch, was "finalizing the details" and not prepared to disclose which of its 463 Wet Seal stores would be shuttered, spokeswoman Helen Rotherham said. The company has hired a liquidator to manage inventory as stores are closed, a process that should be completed by the end of February. There are 58 Wet Seal stores in California.
CALIFORNIA | LOCAL
February 6, 2001 |
Pacific Coast One-Stop in Simi Valley, the nation's third-largest distributor of music- and video-based products, has been purchased by Magic Media Makers Inc. Former Prudential Securities executive Ralph W. Johnson has been named chairman and chief executive. The company, renamed Tempo One-Stop Records Inc., also named mergers and acquisition specialist Marvin Wilcher as chief operating officer.
February 10, 2000 |
Allstate Corp. said its fourth-quarter operating profit fell 18% to $524 million, or 66 cents a share, as higher auto claims and stiffer competition continued to hammer the troubled insurer. Revenue grew 8.6% to $7.01 billion. Allstate's stock quickly fell to a new 52-week low, even though the results exceeded analysts' lowered expectations of 64 cents. The company's shares closed down $2.06, or more than 9%, at $19.94 on the New York Stock Exchange.
November 17, 1993
Nationwide Health Properties Inc. said Tuesday that it raised nearly $65 million from the sale of debentures--corporate IOUs--that pay investors a 6.25% interest rate. The debentures were underwritten by a group of brokerages headed by NatWest Securities Ltd. and co-managed by Alex. Brown & Sons Inc. and A.G. Edwards & Sons Inc. The notes, with a $1,000 face value, were sold on the New York Stock Exchange. Until the debentures mature on Jan.
July 10, 2004 |
Earnings forecasts for Titan Corp. were reduced by at least five analysts Friday, one day after the defense contractor said it would report a second-quarter loss and declined to give an outlook for all of 2004. A.G. Edwards & Sons Inc., Wachovia Securities, Credit Suisse First Boston, Raymond James & Associates Inc. and Stephens Inc. all cut their forecasts. Titan said Thursday that it would report a quarterly loss of as much as $78 million. Three analysts now expect a loss for the full year.
July 28, 2000 |
A Securities and Exchange Commission proposal to halt selective disclosure of company news is turning into a battle between individual investors and industry insiders. Top executives at Merrill Lynch & Co., Lehman Bros. Holdings Inc., A.G. Edwards Inc. and other firms asked SEC Chairman Arthur Levitt on Thursday to abandon the proposal.
March 22, 2002 |
Louis Rukeyser, host of TV's "Wall Street Week With Louis Rukeyser," said Thursday that he would leave the investment show after its producers asked him to take a smaller role on the program. Rukeyser said Maryland Public Television executives didn't want him to continue as host and had asked him to become a senior commentator. He said he intended to honor his contract, which ends in June.