September 1, 1987
Incomnet, the troubled Westlake Village computer products firm, said it has raised $400,000 in a private placement. Proceeds will be used to pay off institutional lenders. The company also said that it had converted $300,000 in debt into common shares of Incomnet stock. Incomnet, which makes equipment allowing computer users to exchange messages, said the debt to equity conversion was one of its final steps in a corporate restructuring program begun in January.
July 2, 1993
dGWB has laid off six people in a corporate restructuring, said Jim deYong, the advertising agency's executive vice president. He said two of the positions will be restored when the restructuring is complete. DeYong said the agency, which is one of the largest independents in Orange County, is moving away from high-tech accounts and toward consumer products. The agency handles El Pollo Loco restaurants, Shimano bicycling and fishing equipment and Thermidor.
September 20, 2013 |
Salil Mehta, a former senior executive at NBCUniversal, has joined Twentieth Century Fox Film as president of content management. In that newly created role, Mehta will oversee content distribution for the studio's movie and television fare, paying particular attention to exploiting new distribution platforms. Mehta will also have oversight over Twentieth Century Fox's technology and engineering activities and be heavily involved in its anti-piracy efforts. “Salil possesses the perfect mix of problem-solving skills, leadership proficiency, technological savvy and collaborative expertise to play a critical role in guiding our content through the multi-faceted media world we operate in today," said Twentieth Century Fox Chairman and Chief Executive Jim Gianopulos, to whom Mehta reports.
September 10, 2009 |
Warner Bros. hopes to cure a case of superhero envy. After years of lagging rival Marvel Entertainment in adapting comic-book properties for the big screen and other media, the Burbank studio unveiled a major restructuring of its DC Comics unit Wednesday that will bring its operations under tighter control. The move is an effort by Warner Bros. and corporate parent Time Warner Inc. to implement a new strategy for DC Comics, which will face stiffer competition from a steroid-charged Marvel as a result of Walt Disney Co.'s deal last week to acquire it for $4 billion.
February 12, 1997 |
Higher medical costs and a corporate restructuring involving 700 to 900 job cuts caused managed-care company Humana Inc. to report a 55% decline in fourth-quarter earnings. Humana earned $22 million, or 13 cents per share, compared with $49 million, or 30 cents, in the fourth quarter of 1995. The earnings include a previously announced charge of 6 cents per share to pay severance and other costs associated with the restructuring.
July 4, 1992 |
An Ontario judge Friday approved a plan by Olympia & York Developments Ltd. and its creditors to share general, administrative and restructuring costs--a move that should allow O&Y to proceed on the more important issue, its corporate restructuring plan. Justice Robert Blair approved the plan after O&Y and its creditors presented arguments in a half-hour court session. O&Y lawyer David Brown said the issue was resolved after court late Thursday by changing some language in the draft plan.
September 6, 1989 |
Grand Metropolitan PLC said Tuesday that it has signed an agreement to sell its interests in the William Hill and Mecca betting shops to Brent Walker PLC for about $1.06 billion. The agreement, which had been widely anticipated, is subject to approval by shareholders of Brent Walker, a British leisure industry company, and clearance by Britain's Office of Fair Trading.