February 23, 1999
Other earnings, excluding one-time gains and charges unless noted: * Home improvement retailer Lowe's Cos. said its earnings jumped a better-than-expected 48% in the fiscal fourth quarter to $106.2 million, or 30 cents a share, 3 cents higher than forecasts. Sales at stores open at least a year grew 8.2%, and total revenue jumped 22% to $2.92 billion. * Nordstrom Inc. said fiscal fourth-quarter profit rose 13% to $66.
January 7, 1999 |
In what Labor Secretary Alexis M. Herman heralded Wednesday as a "wake-up call" for employers, Texaco Inc. agreed to pay $3.1 million to 186 female managers who earned less than men doing similar work. The agreement set a record for Labor Department "glass ceiling" investigations involving sexual discrimination, although it is smaller than some other recent landmark cases, including a $176-million settlement that White Plains, N.Y.
December 25, 1998 |
* Aames Financial Corp. (ticker: AAM; Thursday close: $2.56, up 6 cents) was raised to "hold" from "sell" by Prudential Securities and Sutro & Co. * Ameritrade Holding Corp. (AMTD; $29, down $3.13) was cut to "hold" from "buy" by Deutsche Bank Securities. * Biogen Inc. (BGEN; $79.31, down 50 cents) raised to "strong buy" from "outperform" by Morgan Stanley Dean Witter and rated "buy" in new coverage by BancBoston Robertson Stephens.
November 17, 1998 |
Aames Financial Corp., a Los Angeles-based home equity lender, on Monday said its fiscal first-quarter earnings fell 97% and that it will stop selling its loans as securities, as funding for mortgage lenders dries up. Aames also eliminated its quarterly dividend and said it expects to report a loss in the quarter ending Dec. 31.
September 30, 1998
Aames Financial Corp. said directors Gerald Ford and Howard Gittis--who joined when financier Ronald Perelman and Ford bought 9.9% of the consumer finance company--quit last week. Los Angeles-based Aames also said in a Securities and Exchange Commission filing that the lender "is currently in discussions with several entities, including Golden State Bancorp Inc., concerning various alternatives." Perelman and Ford, partners in Golden State Bank, in March agreed to buy 2.
August 13, 1998 |
Aames Financial Corp. on Wednesday said it had net income of $9.8 million, or 29 cents a diluted share, in the quarter ended June 30, contrasted with a loss in the year-ago period, as it made more home loans to consumers. The Los Angeles-based home lender, which specializes in lending to consumers with tarnished credit records, was expected to earn 27 cents a share, the average estimate from five analysts surveyed by First Call Corp. Aames reported a loss of $14.