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BUSINESS
November 3, 2000 | Reuters
Franchising giant Cendant Corp. said that it would buy time-share resort company Fairfield Communities Inc. for about $635 million in cash and stock to spur growth in its travel division. Fairfield, which operates 33 resorts in 12 states and the Bahamas, is the latest transaction in a recent flurry by the New York-based real estate, hotel and car rental franchiser.
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BUSINESS
January 9, 2001 | DARYL STRICKLAND, TIMES STAFF WRITER
Fairfield Communities Inc., a Florida time-share resort company, took advantage of the expansion of the Anaheim Convention Center and the Disneyland Resort by acquiring a 136-unit time-share resort near the park. The Orlando company said Monday that it bought Dolphin's Cove Resort for an undisclosed sum along with the rights to develop an additional Southern California resort with 150 units at an undisclosed oceanfront location.
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BUSINESS
August 11, 1997 | From Bloomberg News
Fairfield Communities Inc., which operates resorts in 11 states, said it will acquire a Florida-based resort operator, Vacation Break U.S.A. Inc., for $190.2 million in stock. Fairfield would issue 0.6075 shares of common stock for each share of Vacation Break's shares outstanding. Little Rock, Ark.
BUSINESS
January 9, 2001 | Daryl Strickland
Fairfield Communities Inc., a Florida time-share resort company, took advantage of the expansion of the Anaheim Convention Center and the Disneyland Resort by acquiring a 136-unit time-share resort near the park. The Orlando company said it bought Dolphin's Cove Resort for an undisclosed sum along with the rights to develop an additional Southern California resort with 150 units at an undisclosed oceanfront location. The resort, an affiliate of Winner's Circle Resorts International Inc.
BUSINESS
February 26, 2000
Granny Goose Foods will close its plant in Oakland, laying off 170 workers, and transfer its operations to a nonunion plant in Salt Lake City. The facility produced snacks for the Southern California market, which was unprofitable, the privately held company said. About a dozen employees will remain at the company's corporate headquarters, which will remain in Oakland. * New York Times Co.
BUSINESS
January 9, 2001 | Daryl Strickland
Fairfield Communities Inc., a Florida time-share resort company, took advantage of the expansion of the Anaheim Convention Center and the Disneyland Resort by acquiring a 136-unit time-share resort near the park. The Orlando company said it bought Dolphin's Cove Resort for an undisclosed sum along with the rights to develop an additional Southern California resort with 150 units at an undisclosed oceanfront location. The resort, an affiliate of Winner's Circle Resorts International Inc.
BUSINESS
January 25, 2000 | Bloomberg News
Carnival Corp., the world's largest cruise operator, agreed to buy Fairfield Communities Inc. for $775 million in stock and assumed debt to enter the time-share resort business. Miami-based Carnival will swap 0.3164 of its shares for each of share of Orlando, Fla.-based Fairfield, valuing Fairfield at $15.61 a share, 20% more than Friday's closing price. Carnival also will assume $50 million of debt. On the NYSE, Carnival shares fell $3.50 to close at $43.13, and Fairfield fell $1.
BUSINESS
January 9, 2001 | DARYL STRICKLAND, TIMES STAFF WRITER
Fairfield Communities Inc., a Florida time-share resort company, took advantage of the expansion of the Anaheim Convention Center and the Disneyland Resort by acquiring a 136-unit time-share resort near the park. The Orlando company said Monday that it bought Dolphin's Cove Resort for an undisclosed sum along with the rights to develop an additional Southern California resort with 150 units at an undisclosed oceanfront location.
BUSINESS
February 27, 1990
A group including Pacific Southwest Corp., a Northridge-based real estate and mortgage banking firm, acquired a 6% stake in Fairfield Communities Inc., a Little Rock, Ark., home builder, according to a filing with the Securities and Exchange Commission. The investment group also includes Industrial Equity Pacific Ltd., the North American investment arm of Brierley Investments, New Zealand's second largest concern.
BUSINESS
August 14, 1990
Pacific Southwest Corp., a Northridge-based real estate and financial services company, said it has discontinued talks regarding a possible joint venture with Industrial Equity Pacific Ltd. Pacific Southwest also said it no longer provides investment management, research, or any other services to Industrial Equity, which is the North American investment arm of Brierley Investments, New Zealand's second-largest company.
BUSINESS
November 3, 2000 | Reuters
Franchising giant Cendant Corp. said that it would buy time-share resort company Fairfield Communities Inc. for about $635 million in cash and stock to spur growth in its travel division. Fairfield, which operates 33 resorts in 12 states and the Bahamas, is the latest transaction in a recent flurry by the New York-based real estate, hotel and car rental franchiser.
BUSINESS
February 26, 2000
Granny Goose Foods will close its plant in Oakland, laying off 170 workers, and transfer its operations to a nonunion plant in Salt Lake City. The facility produced snacks for the Southern California market, which was unprofitable, the privately held company said. About a dozen employees will remain at the company's corporate headquarters, which will remain in Oakland. * New York Times Co.
BUSINESS
January 25, 2000 | Bloomberg News
Carnival Corp., the world's largest cruise operator, agreed to buy Fairfield Communities Inc. for $775 million in stock and assumed debt to enter the time-share resort business. Miami-based Carnival will swap 0.3164 of its shares for each of share of Orlando, Fla.-based Fairfield, valuing Fairfield at $15.61 a share, 20% more than Friday's closing price. Carnival also will assume $50 million of debt. On the NYSE, Carnival shares fell $3.50 to close at $43.13, and Fairfield fell $1.
BUSINESS
August 11, 1997 | From Bloomberg News
Fairfield Communities Inc., which operates resorts in 11 states, said it will acquire a Florida-based resort operator, Vacation Break U.S.A. Inc., for $190.2 million in stock. Fairfield would issue 0.6075 shares of common stock for each share of Vacation Break's shares outstanding. Little Rock, Ark.
BUSINESS
February 17, 2000 | Bloomberg News, Times Staff
Carnival Corp. shareholders appear to be jumping overboard. Stock of the world's largest cruise operator (ticker symbol: CCL) is down 33% this year after sliding $2.13 on Wednesday to close at $31.88 on the New York Stock Exchange. The cruise ship Destiny began returning to the company's home port in Miami on Wednesday, a day after a mechanical problem left nearly 3,000 passengers stranded in the Atlantic. The Destiny's breakdown is the latest in a series of problems at sea for Carnival.
ENTERTAINMENT
March 14, 2014 | By James Rainey
At just 21, a kid from the San Fernando Valley named Jim Berk began work as a music teacher at Carson High School. Within a couple of years, the teacher, not much older than some of his students, had turned a woebegone marching band into one of the best in Southern California. Then Berk moved to struggling Hamilton High School to launch a music magnet program. It gained national acclaim and so many new students that officials reversed their threat to close the Westside campus. "The Wunderkind of education" the Times dubbed him in 1992.
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