July 3, 2000 |
Business-to-business plays too often involve a whiz-bang technology in search of a problem. Core Inc., a 10-year-old company that's now billing itself as a B2B player, believes it has a solution for the very real problem of employee disability cases that cost more than $340 billion annually in lost productivity. Disability management is an inherently messy process because injured employees generally don't know where to turn and harried front-line supervisors are likely to foul up the paperwork.
March 31, 2001
Shares of NetGuru Inc. shot up 50% Friday, a day after the Yorba Linda information technology company said it would curtail operations. The stock, the biggest gainer among Orange County companies, rose $1 to close at $3 a share on Nasdaq. Core Inc. stock was the second-biggest gainer, rising 27% after the Irvine disability services manager said it agreed to be acquired by a New York firm. Core stock gained $1 to close at $4.75 a share on Nasdaq.
March 21, 2000
* William M. Andrea has joined Prudential Relocation in Irvine as vice president of relationship management, Western sector. Previously, Andrea was director of client services at Cendant Mobility. Prudential Relocation is a business unit of Prudential Real Estate and Relocation Services, a subsidiary of the Prudential Insurance Co. of America. * Steve Collis has been appointed to Orange-based Bergen Brunswig Corp.'s Office of the President.
August 29, 2000 |
Viasource Communications Inc. said Monday it has cut about 150 employees nationwide, including 20 at its unit in Newport Beach. The local job cuts came at the former TeleCore Inc., which Viasource acquired in June. The unit, which provides digital subscriber lines that allow high-speed Internet service through traditional phone lines, had 500 employees, including 125 in Newport Beach. Viasource bought TeleCore for $172.
March 22, 2000 |
Nortel Networks Corp. agreed to buy closely held CoreTek Inc. for up to $1.43 billion in stock to reduce the cost of making fiber-optic transmission gear. Wilmington, Mass.-based CoreTek makes lasers that can be tuned like a radio to change the color of light they generate. Tunable lasers are becoming important as Nortel and rivals seek to boost the capacity of transmission systems. Nortel rose $3.31 to close at $129.50 on the New York Stock Exchange.
CALIFORNIA | LOCAL
April 9, 1987 |
The well-to-do elderly may have a new home they can move into in a couple of years, following the City Council's approval this week of a senior citizens' housing project. Known as a "life-care" facility, the planned community for affluent elderly people will provide them with a guarantee of lifetime care, including medical facilities for the seriously ill.
November 9, 2000
Mitchell F. Brin has been named Allergan Inc.'s vice president of Botox/Neurology. He will assume his new position in January. Brin is an attending physician and associate professor of neurology at the Mount Sinai School of Medicine in New York City. * James R. Boris has joined the board of directors of Core Inc. in Irvine. He is chairman of JB Capital Management LLC, a private investment firm. Before that, Boris was chief executive of First Union Securities. * John J. Everhart Jr.