April 4, 2013 |
At the height of the wars in the Middle East, AeroVironment Inc. - a drone maker based in Monrovia - soared into the public limelight. In the last decade, AeroVironment became the Pentagon's top supplier of small drones. Its financial balance sheet prospered, its drones delivered results and its technology landed on the cover of Time magazine as one of the year's best inventions in 2011. But these days, not so much. Over the last month the company's shares have plummeted more than 18% as federal spending begins to dry up and the wars in Iraq and Afghanistan come to an end. It lowered its revenue guidance by nearly one-third, to $230 million to $250 million from $348 million to $370 million.
November 9, 2012 |
Priceline.com, the popular online travel service, agreed Thursday to acquire Kayak Software Corp. for $1.8 billion, a deal that would boost Priceline's customer base as it wrestles with a sluggish economy and newer, more nimble rivals. Under the terms of the deal, Priceline will pay $500 million in cash and $1.3 billion in stock for Kayak, a comparison travel website. The sale values Kayak at $40 a share, a 26% premium to its closing price of $31.04 on Thursday and 57% higher than its July initial public offering price of $26. Shares of Kayak jumped 27% to $39.30 in after-hours trading Thursday, while Priceline shares fell slightly.
July 1, 2011 |
The company that owns the Carl's Jr. and Hardee's fast-food chains is getting more healthy -- and a little less skanky. Stung by more than two years of dipping sales at the Carl's Jr. restaurants, and with its target audience of young men disproportionately suffering from unemployment, CKE Restaurants Inc. is trying to expand its appeal. It's a change in direction that may be starting to pay off. Led largely by the popularity of turkey burgers -- a product that would have been heresy at Carl's Jr. in past years -- sales have been increasing at those restaurants, the company said Tuesday.
October 4, 2009 |
With debt-burdened American consumers cutting back in response to the recession, many U.S. companies are increasingly looking outward, toward fast-developing countries such as China, India and Brazil. But instead of seeing these nations primarily as cheap producers of goods to sell to Americans, U.S. corporate leaders see them as potential customers for American products and services. That shift, which has been underway for several years but has intensified sharply during the downturn, comes as vast numbers of families in these emerging economies are moving into cities and spending like never before to improve their living standards.
May 26, 2008 |
Cheesecake Factory Inc. has big hopes for its new Asian restaurant, but it won't be looking to RockSugar Pan Asian Kitchen to reignite growth at the company, once a Wall Street star. RockSugar opens June 19 in Century City, just as its parent company is facing investor discontent over a sagging stock price, declining profit and falling sales at its established restaurants.
December 24, 2007 |
Ever the proud father, Chris MacAskill screens 20-year-old home movies of his sons -- Ben singing about a stegosaurus, Mark getting a mohawk -- on his laptop. "This is the negative of working with family members," a red-faced Mark, now 26, says before retreating to his cubicle. Meet the MacAskills, Silicon Valley's version of the Waltons: seven members of a close-knit clan, ranging in age from 23 to 63, who run SmugMug Inc., which helps families share their own Kodak moments online.