September 29, 1989 |
First Interstate Bancorp, continuing its restructuring program, said Thursday that it is selling a nearly $500-million credit-card portfolio to Associates Corp. of North America, a Dallas-based commercial and consumer finance company. Separately, Wells Fargo Bank agreed Thursday to buy the $280-million credit-card portfolio held by Imperial Corp. of America, parent of Imperial Savings in San Diego.
December 10, 1985
Gulf & Western Industries said Monday that its net earnings rose 25% in its fiscal first quarter on a 19% gain in revenue. The company said its results in the three-month period ended Oct. 31 were "paced by strong results from financial services and publishing and a steady performance in entertainment." The company said it had net earnings of $70.7 million in the quarter, up from $57.2 million in the same period a year earlier. Revenue was $809.3 million, up from $680.5 million a year earlier.
November 16, 1990 |
Associates Corp. of North America has acquired Transamerica Fleet Leasing Corp. from Transamerica Commercial Finance Corp. for an undisclosed sum. Associates, a unit of Ford Motor Co., assumes lease and management responsibilities for about 9,300 autos and light trucks previously owned or managed by Transamerica Commercial. Associates now has more than 66,000 autos and light trucks under lease and management nationwide.
September 4, 1986 |
Gulf & Western, the financial services, entertainment, publishing and information conglomerate, said Wednesday that its earnings increased by 6% in the third quarter of its fiscal year. The company said it earned $82.1 million on revenue of $1 billion during the three-month period ended July 31. This compared to a profit of $77.3 million on $829.2 million in revenue in its 1985 third quarter. For the nine months, Gulf & Western said its earnings were up 8.5% to $162 million on revenue of $2.