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First American Corp

BUSINESS
July 28, 2000
First American Corp. posted lower profits and sales for the second quarter, noting that higher interest rates put a damper on mortgage refinancing activity. The Santa Ana business information company, which operates the nation's second-largest title insurer, said net income fell 28% to $25 million, or 38 cents a share, from $34.8 million, or 54 cents a share, a year earlier. Sales dipped to $775.9 million from $781.9 million.
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BUSINESS
May 13, 2000
Reflecting its expansion into nonfinancial services, First American Financial Corp. said Friday that shareholders have approved changing the company's name to First American Corp. The change for the Santa Ana business information company, which operates the nation's second-largest title insurer, will have no effect on shares outstanding. The stock will continue to be traded on the New York Stock Exchange under the same FAF ticker symbol.
BUSINESS
July 11, 1999 | Dow Jones
First American Financial Corp. said it completed its acquisition of Ace Information Services Inc., a Florida resident screening company. Terms weren't disclosed. First American, a Santa Ana-based provider of business information and services, said the acquisition is part of its expansion into the consumer information and services markets.
BUSINESS
July 28, 1994
First American Financial Corp., a Santa Ana provider of real estate financial services, posted a second-quarter profit of $7.6 million, or 67 cents a share. That was down from earnings of $17.5 million, or $1.55 a share, for 1993's second quarter. Revenue was up 11%, to $369 million from $333.5 million. For the first half, the company's profit totaled $17 million, or $1.49 a share, compared to earnings of $26.2 million, or $2.32 a share, for the 1993 period, which included a onetime gain of $4.
BUSINESS
June 22, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
What kind of an indicator is the title insurance industry for the real estate economy? On new housing, it's a leading indicator because we're in at the beginning--the purchase of the land, the detail of the map and so forth. We're a 60-day to 90-day leader as far as normal transactions are concerned. What we watch is the level of new orders because our costs are on the front end of those transactions. We have to prepare the preliminary reports and so forth for closings, which is when we get our money.
BUSINESS
April 9, 1992
William Grenville Davis has been appointed a director of First American Financial Corp. in Santa Ana. He will also be a director of the company's principal subsidiary, First American Title Insurance Co. Davis, the former premier of Ontario, Canada, is now a law firm's counsel.
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