March 21, 1995 |
The Supreme Court is letting inventor Robert Kearns collect about $21 million from Chrysler in a dispute over his design for intermittent windshield wipers. But don't assume Kearns is thrilled. "The booby prize is $21 million," he said Monday, complaining because the court denied his separate bid to bar Chrysler from continuing to use his design.
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.
October 29, 1998 |
Special Devices Inc. said closely held J.F. Lehman & Co. cut the price it will pay for the world's largest maker of automotive air-bag triggers to about $266 million from its original offer of $296 million. Special Devices said the price was cut to $34 a share from $37 because of market volatility since the company's special shareholders meeting Sept. 23, but didn't elaborate. Company officials weren't immediately available for comment. New York-based J.F.
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.