January 31, 2001 |
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.
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.
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.
August 6, 1999 |
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.
February 11, 1999 |
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.
February 28, 1998 |
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.