April 13, 1999 |
Ford Motor Co. reached an agreement to buy car-repair chain Kwik-Fit Holdings of Scotland for about $1.6 billion in cash, expanding its service business and giving it a sure customer for Ford parts. Ford's president and chief executive, Jacques Nasser, said the deal will bring the world's second-largest auto maker closer to becoming the world's leading consumer company for automotive products and services.
January 7, 1999 |
AlliedSignal Inc. said it plans to realign its aerospace business in a bid to save $30 million to $50 million a year, but it did not provide details. "There may be some job reductions across the aerospace businesses in areas such as administration," spokesman Tom Crane said. "It's too soon to see to what degree." The Morris Township, N.J.
October 14, 1986
TRW, a leading automotive, electronics and defense manufacturer, reported that its third-quarter earnings totaled $40.5 million, compared to a net loss of $110.3 million in the same quarter last year. The improved earnings, equivalent to $1.33 a share, came despite slightly lower sales and were largely due to a strong performance in its information systems and European passenger car component businesses, the company said. For the three months ended Sept.
CALIFORNIA | LOCAL
January 24, 1990 |
After hearing protests from local residents, the City Council on Tuesday night postponed a decision on two developers' request to build the first major shopping center in the East Anaheim Hills. The proposed 44-acre shopping center would be built northwest of the intersection of Weir Canyon Road and the Riverside Freeway, just south of the Santa Ana River.
January 21, 1987 |
SDNB Financial Corp., parent of San Diego National Bank, climbed into the competitive mortgage banking ring Tuesday by acquiring four subsidiaries of a firm co-owned by an SDNB director. SDNB agreed to buy four mortgage banking subsidiaries of Lenders Corp. in an exchange of common stock valued at about $3 million, the company said Tuesday. The four subsidiaries service about $90 million in loan volume; that figure is expected to reach $150 million by year's end, SDNB officials said.
January 7, 1992 |
The usually quiet home branch of Assured Thrift & Loan was busy Monday as a steady stream of depositors began collecting their money from the nation's first banking institution to fail this year. Federal regulators closed the small thrift and loan Friday evening, shortly after the expiration of a temporary court order that had blocked the seizure for more than two weeks. More than 2,000 account holders with $51.