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Estee Lauder Inc

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NEWS
August 12, 1988 | PADDY CALISTRO
In an extraordinary marketing move, Estee Lauder Inc. has created a men's toiletry line specifically for Californians. It is called New West. "The New York cosmetic industry is too inbred," said Leonard Lauder, president and chief executive officer of the firm founded by his mother, Estee. "There's not enough new thinking and new blood. That's why we're branching out." In this case, "branching out" means thinking small by Lauder standards.
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BUSINESS
November 4, 2004 | From Dow Jones/Associated Press
Orbitz Inc., the Internet travel agency that is being bought by Cendant Corp., posted a 30% jump in third-quarter profit, aided by a surge in hotel business. Chicago-based Orbitz said net income rose to $5.1 million, or 12 cents a share, from $3.9 million, or 10 cents a share, a year ago. The most recent quarter included several one-time items: a noncash charge of $1.4 million for restructuring; $4.2 million in expenses from the Cendant deal; and a $967,000 reversal of tax-related expenses.
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NEWS
February 11, 1999 | GREG MILLER and DAVAN MAHARAJ, TIMES STAFF WRITERS
Though few Internet users know it, the simple act of typing a keyword into a search engine typically produces not only a list of Web sites, but also a carefully targeted banner advertisement. How search engines sell those ads, and to whom, is at the heart of an emerging legal battle that could jeopardize one of the most lucrative advertising practices online. Two of the leading portal sites on the Internet, Excite Inc. and Netscape Communications Corp.
BUSINESS
August 15, 2003 | From Bloomberg News
Estee Lauder Cos. had a fiscal fourth-quarter profit as the decline in the U.S. dollar boosted overseas sales. The firm said profit next year might be lower than some analyst forecasts, sending the shares down 5%. Net income was $53 million, or 20 cents a share, compared with a net loss of $25.4 million, or 13 cents, a year earlier, when the company had costs related to job cuts. Sales in the quarter rose 8.3% to $1.22 billion, New York-based Estee Lauder said.
BUSINESS
February 28, 1998 | Diane Seo
Estee Lauder Cos. acquired the remaining equity interest of Make-Up Art Cosmetics, a growing Toronto-based beauty brand that has been widely embraced by the urban chic. Although the deal had been expected, it occurred earlier than some analysts had predicted. The New York-based Estee Lauder had acquired 51% of MAC in 1994, then increased its ownership to 70% in March 1997. Terms were not disclosed. MAC founder Frank Toskan, who will remain head of MAC, was unavailable for comment.
BUSINESS
August 6, 1999 | RYAN CORMIER, TIMES STAFF WRITER
Estee Lauder Cos., snapping up another niche player in the $6-billion prestige beauty market, said Thursday that it acquired Stila Cosmetics Inc., the 5-year-old Los Angeles-based firm founded by a former makeup artist. The terms of the Stila deal were undisclosed, but Estee Lauder spokeswoman Karen O'Connor said the acquisition fits the overall strategy of the cosmetics company, which currently coddles 12 brands under its corporate umbrella.
BUSINESS
November 17, 1989 | JOHN IAMS, ASSOCIATED PRESS
Cosmetics queen Estee Lauder opened the doors Thursday of a chic boutique filled with her pricey line of makeup and perfumes, but there was some question about whether Soviet women had enough dollars for her scents. Company officials said they would sell ordinary Soviet women American-style cosmetics at American-sized prices, a tall challenge in a nation where the average Soviet salary rarely tops $245 a month. A tube of lipstick can go for $15 in New York.
BUSINESS
August 17, 2000
* Estee Lauder Cos. said earnings rose 13% in its fiscal fourth quarter to $57.2 million, or 21 cents a share, matching forecasts. Sales grew 9.9% to $998.9 million, led by Aveda hair-care products and Clinique makeup. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.
BUSINESS
July 28, 2000
* Estee Lauder Cos. said its Gloss.com unit has suspended sales for about six months while the Internet site is revamped to focus on a smaller number of premium-priced products. The cosmetics company said visitors to the site will be referred to its other sites, which include those for its Clinique and Bobbi Brown brands. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.
BUSINESS
January 31, 1996 | From Times Wire Services
MCI Communications Corp. said Tuesday that its fourth-quarter profit rose 17% as a record number of long-distance customers accounted for the largest increase in phone traffic in five years. It reported net income of $284 million, or 41 cents a share, up from profit from operations of $243 million, or 35 cents, a year ago. The results are a penny above the 40-cents-a-share average estimate of an analysts' survey.
BUSINESS
January 31, 2001 | From Reuters and Bloomberg News
Other earnings, excluding one-time gains or charges unless noted, include: * Avis Group Holdings Inc., which is being acquired by Cendant Corp., said fourth-quarter earnings rose 42% to $15.3 million, or 32 cents a share, a penny better than expectations, as sales edged down less than 1% to $1 billion. * Cardinal Health Inc., the second-biggest U.S. drug wholesaler, said fiscal second-quarter profit rose 21% to $214.6 million, or 75 cents a share, from $176.
BUSINESS
October 25, 2000 | From Reuters and Bloomberg News
Pfizer Inc. and Schering-Plough Corp. on Tuesday posted double-digit profit gains in their third quarter on strong sales of blockbuster medicines, but Pfizer shares fell on what some analysts said was disappointing growth of its cholesterol fighter Lipitor. Pfizer, the world's largest drug maker, said earnings from operating rose 30% to $1.71 billion, or 27 cents a share, beating the consensus Wall Street estimate of 25 cents.
BUSINESS
August 17, 2000
* Estee Lauder Cos. said earnings rose 13% in its fiscal fourth quarter to $57.2 million, or 21 cents a share, matching forecasts. Sales grew 9.9% to $998.9 million, led by Aveda hair-care products and Clinique makeup. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.
BUSINESS
July 28, 2000
* Estee Lauder Cos. said its Gloss.com unit has suspended sales for about six months while the Internet site is revamped to focus on a smaller number of premium-priced products. The cosmetics company said visitors to the site will be referred to its other sites, which include those for its Clinique and Bobbi Brown brands. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.
NEWS
April 14, 2000 | BARBARA THOMAS, TIMES STAFF WRITER
Estee Lauder Cos., the long reigning queen of prestige cosmetics, may become the 800-pound gorilla of the beauty Web world. On Wednesday, the company purchased Gloss.com, one of the three leading beauty sites, as part of its plan to expand its presence on the Web. Lauder, which accounts for more than half of the cosmetics sold in U.S. department stores, also announced it will enter joint e-partnerships with department stores.
BUSINESS
April 13, 2000 | Bloomberg News
Estee Lauder Cos. said it will set up a Web site to offer all of its makeup brands and agreed to buy online beauty products retailer Gloss.com for an undisclosed amount of cash to hasten its move to the Internet. The maker of Clinique, Aveda and Estee Lauder cosmetics expects the site to be running by early next year. Existing sites for Estee Lauder brands Clinique, Origins and Bobbi Brown essentials products will have links to http://www.esteelauder.com.
BUSINESS
September 22, 1995 | Times Staff and Wire Reports
Estee Lauder to Go Public: The New York-based maker of cosmetics and perfumes said it plans to offer $335 million worth of common shares to the public. It also announced that Fred Langhammer, 51, has been elected president and chief operating officer of the company, effective immediately. Estee Lauder Cos. said it filed a registration statement with the Securities and Exchange Commission for the sale of its Class A common stock held by existing stockholders.
BUSINESS
January 31, 2001 | From Reuters and Bloomberg News
Other earnings, excluding one-time gains or charges unless noted, include: * Avis Group Holdings Inc., which is being acquired by Cendant Corp., said fourth-quarter earnings rose 42% to $15.3 million, or 32 cents a share, a penny better than expectations, as sales edged down less than 1% to $1 billion. * Cardinal Health Inc., the second-biggest U.S. drug wholesaler, said fiscal second-quarter profit rose 21% to $214.6 million, or 75 cents a share, from $176.
BUSINESS
August 6, 1999 | RYAN CORMIER, TIMES STAFF WRITER
Estee Lauder Cos., snapping up another niche player in the $6-billion prestige beauty market, said Thursday that it acquired Stila Cosmetics Inc., the 5-year-old Los Angeles-based firm founded by a former makeup artist. The terms of the Stila deal were undisclosed, but Estee Lauder spokeswoman Karen O'Connor said the acquisition fits the overall strategy of the cosmetics company, which currently coddles 12 brands under its corporate umbrella.
NEWS
February 11, 1999 | GREG MILLER and DAVAN MAHARAJ, TIMES STAFF WRITERS
Though few Internet users know it, the simple act of typing a keyword into a search engine typically produces not only a list of Web sites, but also a carefully targeted banner advertisement. How search engines sell those ads, and to whom, is at the heart of an emerging legal battle that could jeopardize one of the most lucrative advertising practices online. Two of the leading portal sites on the Internet, Excite Inc. and Netscape Communications Corp.
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