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August 8, 2007 | From Times Wire Services
PG&E Corp., owner of California's largest utility, said second-quarter profit rose 16% on higher electricity rates. Net income climbed to $269 million, or 74 cents a share, from $232 million, or 65 cents, a year earlier, the San Francisco-based company said. Sales rose to $3.19 billion from $3.02 billion. PG&E's utility, Pacific Gas & Electric, has been successful in gaining regulatory approval for general rate increases and investments in power plants and upgraded meters.
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BUSINESS
August 8, 2007 | From Times Wire Services
PG&E Corp., owner of California's largest utility, said second-quarter profit rose 16% on higher electricity rates. Net income climbed to $269 million, or 74 cents a share, from $232 million, or 65 cents, a year earlier, the San Francisco-based company said. Sales rose to $3.19 billion from $3.02 billion. PG&E's utility, Pacific Gas & Electric, has been successful in gaining regulatory approval for general rate increases and investments in power plants and upgraded meters.
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BUSINESS
June 21, 1985 | NANCY YOSHIHARA, Times Staff Writer
Swatch watches--colorful, plastic Swiss quartz watches that sell for $30 each and are water- and shock-resistant--have become the hottest new fashion accessory on the market. Department and specialty stores can't keep up with the demand for Swatch watches, which have spawned a school of imitators and have created a new genre of fun, inexpensive watches that can be matched with outfits, moods and life styles. Among the competitors are Guess?, Awatch, Mwatch, Brooks and Totes.
NEWS
March 3, 2001 | NANCY RIVERA BROOKS and DAN MORAIN, TIMES STAFF WRITERS
Faced with jittery creditors, the parent company of California's largest utility, Pacific Gas & Electric Co., took dramatic steps Friday to protect itself from being dragged into Bankruptcy Court but did nothing to prop up its debt-ridden subsidiary. After disclosures that PG&E Corp. had secured a $1-billion loan to pay its own creditors, Wall Street credit rater Fitch Inc. warned that the company's San Francisco-based utility was facing the "near-term possibility of bankruptcy."
REAL ESTATE
February 10, 1985
Del E. Webb Corp. has announced plans for a $92.4-million corporate headquarters in Phoenix, on 7th Street between Catalina and Earll streets. Construction is expected to begin in April, 1986, on the 1.4-million-square-foot complex, which will include two 12-story, 250,000-square-foot office towers, a 16-story, 270,000-square-foot residential tower with 160 condominiums, and a six-level, partially underground, 670,000-square-foot parking facility.
NEWS
March 3, 2001 | NANCY RIVERA BROOKS and DAN MORAIN, TIMES STAFF WRITERS
Faced with jittery creditors, the parent company of California's largest utility, Pacific Gas & Electric Co., took dramatic steps Friday to protect itself from being dragged into Bankruptcy Court but did nothing to prop up its debt-ridden subsidiary. After disclosures that PG&E Corp. had secured a $1-billion loan to pay its own creditors, Wall Street credit rater Fitch Inc. warned that the company's San Francisco-based utility was facing the "near-term possibility of bankruptcy."
BUSINESS
March 2, 2006 | From Reuters
PG&E Corp. of San Francisco expects per-share earnings next year to reach $2.65 to $2.75 as the utility owner reaps returns from power-system investments.
BUSINESS
January 22, 1986
Thomas E. Arnold was elected president of Del E. Webb Corp., Phoenix. Robert K. Swanson, who held the title, will continue as chairman and chief executive.
REAL ESTATE
February 10, 1985
Del E. Webb Corp. has announced plans for a $92.4-million corporate headquarters in Phoenix, on 7th Street between Catalina and Earll streets. Construction is expected to begin in April, 1986, on the 1.4-million-square-foot complex, which will include two 12-story, 250,000-square-foot office towers, a 16-story, 270,000-square-foot residential tower with 160 condominiums, and a six-level, partially underground, 670,000-square-foot parking facility.
BUSINESS
February 17, 2005
PG&E Corp. resumed payment of a dividend suspended in 2001 before its Pacific Gas & Electric unit, California's largest utility, sought bankruptcy protection. The quarterly dividend of 30 cents a share is payable April 15 to shareholders of record March 31, the San Francisco-based company said in a statement Wednesday.
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