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.
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.
May 1, 1998
* Hilton Hotels Corp. said its chairman, Barron Hilton, sold 24 million of the company's shares worth $773 million from a charitable trust he controls. Donaldson, Lufkin & Jenrette Securities Corp. paid about $32.21 a share for the stock, Hilton said in a Securities and Exchange Commission filing. * Corona-based Watson Pharmaceuticals Inc. reported record first-quarter net income, excluding charges, of $30.6 million, or 34 cents per diluted share, compared with $21.
September 4, 1997 |
Aames Financial Corp. shareholders filed a lawsuit claiming insiders sold $24.3 million of Aames shares before announcing changes that prompted the stock to fall. The suit, filed in Superior Court in Los Angeles, claims that four Aames executives--including Chairman Gary Judis--sold a combined 608,050 shares in the company earlier this year after making a major change in corporate policy but before making it public several months later.