October 23, 2008 |
The Securities and Exchange Commission said it brought 671 enforcement cases in the fiscal year that ended Sept. 30, with the number of market manipulation cases up more than 45% over the previous year. The SEC also said it has more than 50 pending investigations related to the subprime mortgage market. The agency, working in conjunction with the FBI and federal prosecutors, has been investigating whether mortgage lenders and Wall Street firms participated in fraud. The 671 cases initiated in the latest fiscal year represent the second-highest number of enforcement actions in the SEC's history, the agency said.
August 30, 1987
Cushman Electronics said it lost $323,000 in its fiscal 1987 third quarter ended June 30, contrasted with a year-earlier loss of $79,000. Sales for the quarter of $1.9 million were down 5% from $2 million in the third quarter of the Newport Beach company's fiscal 1986.
May 3, 1996
Electronics manufacturer Odetics Inc. posted record profit for the last fiscal year on a 19% gain in sales. The company reported net income of $2.5 million, or 40 cents a share, for the year ended March 31, compared with a net loss of $4.7 million, or 80 cents a share, for the preceding year. Sales rose to $104.6 million from $87.7 million. Net income for the fourth quarter totaled $1.1 million, or 18 cents a share, contrasted with a net loss of $1.9 million, or 33 cents a share.
June 12, 1990
American Cytogenetics Inc., a North Hollywood-based operator of medical testing labs, posted a $935,018 loss for its fiscal year that ended Jan. 31, compared with an $828,502 loss the previous year. The latest loss came despite a 50% increase in American Cytogenetics' revenue, to $5.67 million from $3.77 million in fiscal 1989. The fiscal 1990 loss included a $1.2-million loss from the sale of the company's Diagenetics Laboratories Inc. to Odyssey Biomedical Corp.
February 6, 1990
Pacific Southwest Corp., a real estate, mortgage banking and equipment leasing company based in Northridge, reported a loss of $71,480 for the fiscal year that ended July 31, 1989, compared to net income of $581,101 in fiscal 1988. Revenues fell 12% to $2.8 million from $3.2 million. The company did not break out fourth-quarter results. Pacific Southwest's president, Jerry Fraschilla, said the loss was due to costs of expanding its staff and acquiring two mortgage brokerages.
December 24, 1991
Flamemaster Corp. said its net income for the fiscal year ended Sept. 30 grew 4% to $896,746 from $865,017 a year earlier on a 2% decrease in revenues, to $5.14 million from $5.26 million. The Sun Valley maker of coatings and sealants said that for the three months ended Sept. 30, profits rose 39% to $336,872 from $242,347 a year earlier. Revenues grew 18% to $1.4 million from $1.2 million.
October 1, 1985
Citing one-time expenses, including start-up costs for a joint-venture subsidiary formed last year, DWI Corp. Monday reported increased net losses for the fiscal year ended June 28 on a slight improvement in revenues. The Irvine-based industrial design and engineering service company, reported a net loss of $673,000 for the year, more than double the $293,000, the company lost in 1984. Revenues for the year were $3.6 million, compared with revenues of $3.4 million last year.
May 16, 1985
Still struggling along with a depressed computer industry, Printronix Inc. posted a 69% drop in profits for the fourth quarter ended March 29 while fiscal year earnings fell 9% from the year before. Fourth quarter net income for the Irvine manufacturer of computer printers was $894,000, compared to $2.77 million during the same period last year. For all of fiscal 1985, the company reported net income of $7.1 million, compared to $7.8 million the year before.
April 28, 2001 |
Shrinking losses in its PlayStation 2 video-game business, combined with robust electronic sales, helped Sony Corp. turn a profit of $127 million for its fiscal fourth quarter ended in March. The Japanese electronics and entertainment giant made a strong recovery from losses of $295 million for the same quarter a year ago, largely caused by the huge costs of launching its new PlayStation 2 console.