March 20, 1996
Vans Inc. said Tuesday that it has agreed to settle a shareholders' lawsuit alleging securities violations. The footwear manufacturer also reported higher earnings and sales for the third quarter and nine months ended Feb. 24. The lawsuit, filed last June in federal court, sought class-action status to represent people who bought shares of Vans from June 27, 1994, to May 12, 1995.
CALIFORNIA | LOCAL
February 20, 1996 |
It is extremely likely that in the next decade the United States will experience a period of social unrest unequaled in this century. It will dwarf the protests of the late 1960s and early 1970s. The recent strikes and other demonstrations in France are a portent of what is to come for us. Several things lead me to this dreary prediction: % The growing disparity between the nation's rich and its poor.
December 1, 1994 |
Reaping the benefits of aggressive expansion overseas and a corporate restructuring at home, Fluor Corp. on Wednesday reported a record profit of $192.4 million for its latest fiscal year. The Irvine-based engineering, construction and mining company's 15% earnings increase for the year ended Oct. 31 equaled $2.32 a share and came on an 8% increase in revenue, to $8.49 billion. That compared to a profit of $166.8 million, or $2.03 a share, on revenue of $7.
September 30, 1994 |
Downey Savings & Loan, the last major thrift still operating under California authority, said Thursday it will create a holding company and convert its operations to a federal charter. Downey, with $3.9 billion in loans and other assets, expects to complete its new corporate structure by early next year, issuing shareholders stock in a new holding company called Downey Financial Corp. The charter conversion will leave only 11 thrifts still holding on to state charters.
December 29, 1993 |
Emulex Corp., a manufacturer of computer products, blamed a corporate restructuring--including the dismissal of 10% of its work force--for an anticipated second-quarter loss of $14 million to $16 million. In Tuesday's announcement, the company for the first time put a price tag on restructuring efforts it announced in October. "This is not really earth-shattering news," said company spokesman Chuck McBride. "We knew this was coming."
September 5, 1993 |
Blue jeans company Levi Strauss has announced that it will move its Southern California office out of the California Mart building in the garment district to downtown Long Beach. Just as 400 other California Mart tenants are considering a move to Santa Monica, Levi Strauss signed a 10-year lease to occupy part of the 20th floor of the Landmark Square office building at 111 W. Ocean Blvd. in Long Beach.