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BUSINESS
July 4, 2001 | Times Staff and Reuters
Diedrich Coffee Inc.'s stock, in danger of being removed from the Nasdaq National Market, has won a reprieve, the Irvine specialty coffee retailer said Tuesday. The company said it has been notified by Nasdaq that it now complies with all of the requirements necessary for continued listing. Diedrich had been granted an extension by Nasdaq officials to comply with minimum net tangible asset requirements and minimum bid price requirements for continued listing.
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BUSINESS
May 8, 1985 | Associated Press
The dollar edged up in quiet trading early today a day after a sharp setback that dealers attributed to technical factors. Gold prices were little changed. Dealers said that lacking any important news on interest rates or the health of the U.S. economy, the markets were likely to keep the currency within a narrow range. In Tokyo, where trading ends before Europe's business day begins, the dollar fell to a closing 252.75 yen from Tuesday's 254.15. Later, in London, it was quoted at 253.05 yen.
BUSINESS
March 16, 2000 | WALTER HAMILTON, TIMES STAFF WRITER
Any time highflying stocks slide almost 10% in just three days, it's natural to wonder whether sellers are flooding out of the woodwork to dump shares. But amid the Nasdaq composite index's fast 9.2% decline this week, investors should instead be asking where all the buyers went. Indeed, traders say this week's sell-off is due not so much to a herd of investors panicking out of stocks as to a sudden lack of buyers.
BUSINESS
July 22, 1999 | Tom Petruno
The Nasdaq Stock Market has delisted shares of El Segundo-based Aura Systems, citing the company's inability to provide audited statements to the Securities and Exchange Commission and failure to maintain a minimum $1 bid price. Trading in the shares was suspended June 17 with the last price at 22 cents. Aura, meanwhile, said it has reached an agreement in principle with its two largest debt-holders to convert their $35 million in bonds to common stock.
BUSINESS
February 14, 1985 | Associated Press
The dollar retreated amid widespread profit-taking early today after seven straight days of record-breaking gains. Gold was a shade higher. Dealers said trading was moderately active as investors sought to cash in on the dollar's surge, which took it above 10 French francs and 2,000 Italian lire for the first time ever and 3.30 West German marks for the first time in 13 years. Dealers said investors seemed worried about the prospect of further central bank intervention.
BUSINESS
January 24, 1985 | Associated Press
The dollar edged lower against major European currencies early today as investors pondered the prospect of further central bank intervention. Gold prices gained. Dealers said worries about banks selling large blocks of dollars to drive the currency's value down outweighed the boost the U.S. currency got from this week's gross national product figures, which showed America's economy booming.
BUSINESS
March 22, 1988 | Associated Press
The dollar fell against all major currencies except the Canadian dollar in quiet trading Monday, mirroring a selloff in both the stock and bond markets. Gold prices jumped as much as $5 an ounce in active trading, spurred by a rally in oil prices. Republic National Bank of New York quoted a bid price for gold of $449.45 an ounce as of 4 p.m. EST, up from $444 an ounce late Friday.
BUSINESS
September 24, 1985 | Associated Press
The U.S. dollar stabilized in early trading today, a day after its biggest one-day slide in more than 12 years. Gold prices gained. By the time markets opened in Europe, the dollar had steadied. It was trading at higher levels than the depths it reached in U.S. trading but was mixed in comparison with Monday's earlier European close. Still, the West German Bundesbank sold $46.6 million at the daily fixing. There was no intervention, however, on the open market.
BUSINESS
August 10, 1993 | CHRIS KRAUL, TIMES STAFF WRITER
In a deal that illustrates the accelerating consolidation in California's banking industry, First Interstate Bancorp said Monday that it will acquire the parent company of San Diego Trust & Savings Bank in a stock swap valued at $340 million. The acquisition of San Diego Financial Corp. will quadruple First Interstate's presence in a county where it has been badly outgunned by Wells Fargo and Bank of America. The deal is expected to be final by year's end.
BUSINESS
February 9, 2001 | Dow Jones
Mcglen Internet Group Inc., a Tustin specialty technology company, said Thursday that its stock may be removed from Nasdaq and that it has requested an oral hearing before a Nasdaq National Market panel to halt the delisting. The company said in a press release that it has been notified that it didn't meet minimum bid price requirements for continued listing on the Nasdaq SmallCap market.
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