June 18, 1999 |
The Japanese stock market is in a steep climb, and there might actually be good reason for it. Despite all the country's woes and skepticism about its claims of progress, analysts say the market is responding to an accumulation of hopeful economic indicators, signs of true corporate restructuring and indications that Japan may be collecting dividends from Asia's early economic recovery. And surging stock prices themselves could further fuel the process by bolstering Japan's beleaguered banks.
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.
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."
February 13, 1993 |
West Coast Bancorp said Friday that a growing amount of foreclosed properties and a corporate reorganization caused it to lose four times as much last year as in 1991. The holding company for Sunwest Bank in Tustin, Heritage Thrift & Loan in Brea and Sacramento First National Bank posted a 1992 loss of $7 million, or 76 cents a share. That compared to a loss of $1.7 million, or 19 cents a share, for the previous year. Annual revenue dropped 21% to $40.2 million last year from $51 million.
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.