February 23, 1996 |
Giant Group Rebuffs Fidelity Takeover Bid: Beverly Hills-based Giant Group Ltd. escalated its war of words against Fidelity National Financial Inc., issuing a fiery letter that flatly rejects the Irvine title company's unsolicited takeover bid. Fidelity National last week offered $49 million in stock for outstanding shares of Giant Group, which owns a 47% stake in the Rally's hamburger chain.
September 20, 2007 |
CKE Restaurants Inc., the Carpinteria-based owner of the Hardee's and Carl's Jr. chains, said second-quarter profit fell more than analysts anticipated on a drop in sales and rising costs. Net income declined 34% to $9.43 million, or 15 cents a share, from $14.2 million, or 20 cents, a year earlier. Excluding discontinued operations, earnings missed analysts' estimates by 2 cents. Sales dropped less than 1% to $363.1 million.
December 20, 1995 |
Suit Alleges Insider Trading in Rally's Acquisition: Orange County businessman William P. Foley II was accused in a lawsuit of illegally using insider information to acquire more than 8% of the company that controls the troubled Rally's Hamburgers Inc. chain. The suit, filed in U.S. District Court, also alleges that the chairman of Irvine-based Fidelity National Financial Inc. and CKE Restaurants in Anaheim failed to accurately report how much Giant Group Ltd.
March 17, 1994 |
Firm Commitment: Attorney Andrew F. Puzder, who gained considerable attention in recent months when he helped fast-food leader Carl N. Karcher to restructure his significant personal debts, has changed jobs. Puzder on Tuesday closed the door of his office with Lewis, D'Amato, Brisbois & Bisgaard in Costa Mesa. On Wednesday he set up shop in Newport Beach with Stradling, Yocca, Carlson & Rauth.
June 27, 2001 |
CKE Restaurants Inc., which owns the Hardee's and Carl's Jr. hamburger chains, said Tuesday its loss widened dramatically in its fiscal first quarter and its second quarter also will be a losing one. The Anaheim company attributed the losses mainly to costs in closing and selling restaurants. The loss for the quarter ending May 21 grew to $37.1 million, or 74 cents a share, from last year's first-quarter loss of $2.45 million or 5 cents a share, the company said. Sales fell 19% to $471.
December 11, 1993 |
As expected, Carl Karcher Enterprises on Friday awarded board seats to William P. Foley II and Daniel D. (Ron) Lane, two investors who are helping to bail hamburger chain founder Carl N. Karcher out of personal financial difficulties. Foley and Lane were added to the board during a 3 p.m. telephonic board meeting, shortly after a complicated stock deal closed.