September 27, 1990 |
The Pentagon has suspended contract payments to McDonnell Douglas Corp. on the $30-billion C-17 cargo jet program and has begun a major evaluation of the financial condition of the firm's Douglas Aircraft unit in Long Beach, the Air Force disclosed Wednesday. The suspension began in August, but the Air Force did not disclose how much is being withheld.
October 1, 1998 |
Consolidation has been a trend among movie studios, television networks and production companies for years. Now another significant, though less sexy, consolidation is occurring--in the post-production business. For years, a fragmented network of post-production firms has serviced the studios; dozens of these companies are clustered around Hollywood, Burbank and the Westside. Two major publicly traded players, Todd-AO Corp. and Four Media Co.
January 15, 2003 |
Nicole Williams of Westchester has long counted on her local Kmart for toys, clothes and bedding. Above everything, the 34-year-old mother always came back to the retailer's store in Inglewood because of the low-cost merchandise. Now, Williams says, she doesn't know where she'll go to shop. The Inglewood store was one of 19 in California -- and 326 across the country -- that Kmart Corp.
September 6, 1995 |
Japanese car importer Mazda Motor of America, still hurting from sluggish sales and profit margins shrunk by the strength of the yen, is considering a new round of layoffs to help pare operating costs, a top company official said Tuesday. "We are looking at a variety of options," including restructuring and layoffs, said Jay Amestoy, vice president of corporate affairs. The company on Tuesday reported a 29% decrease in U.S. sales during August.
February 26, 1992
Quiksilver Inc., one of the largest surf wear companies based in Orange County, plans to sell, license or shut down the Pirate Surf subsidiary it purchased a year ago. "We don't have all the facts yet" to decide which course of action to take, said company spokesman Jim White. The decision to take action regarding the Pirate Surf division came Friday as Quiksilver executives were discussing how to cut costs.
CALIFORNIA | LOCAL
July 26, 1993 |
As they grapple with the worst fiscal crisis in their history, members of the Los Angeles County Board of Supervisors are running offices with annual payrolls of up to $1.9 million, including salaries of two aides earning more than $100,000 a year. Operating without firm spending controls, the five supervisors vary greatly in how much they spend to staff their offices, an examination of payroll expenditures shows.
May 28, 1991 |
American manufacturers--written off by many commentators in the 1970s and '80s as dinosaurs doomed to succumb to Japanese and other foreign rivals--have staged a remarkable comeback, reviving American competitiveness in many industries. Xerox Corp. has halved the cost of producing a copier, and has steadily increased its share of the U.S. market since the mid-1980s. General Electric Co.'s exports have grown more than 20%, to $6 billion, in the past two years. Cummins Engine Co.
February 21, 2007 |
In a rare move for a major Japanese automaker in the U.S., Nissan Motor Co. said Tuesday that it was offering a cash buyout to employees as it adjusts the product mix at its two Tennessee manufacturing plants. The company said improved manufacturing efficiencies also led it to offer the plan to cut about 300 of 6,200 jobs at the factories. Analysts cautioned against reading the move as a sign of trouble. "This is no big deal," said Ken Elias, a Scottsdale, Ariz.
CALIFORNIA | LOCAL
March 22, 1994 |
In a move to slash health care costs, the California Medical Assn. Monday said it wants to eliminate state requirements for premarital blood tests to detect German measles and syphilis. Premarital testing has not been effective in detecting these diseases and is costing California residents and insurers $20 million a year, said Dr. Val W. Slayton, who co-authored the proposal to eliminate the testing, which was adopted by CMA delegates meeting here.
December 15, 1992 |
The United Auto Workers union said Monday it had agreed to an early retirement program with General Motors Corp. that would let some workers as young as 50 leave with full benefits, potentially slashing more than 10,000 jobs from the auto maker's hourly work force. The plan will be financed by up to $450 million in funds set aside by the UAW and GM for training.