April 28, 2000 |
Among the new stock ratings issued Thursday by Wall Street analysts: * Amazon.com Inc. (AMZN; $52.88, down 63 cents) was downgraded to "hold" from "buy" by First Union Securities Inc. But it was raised to "strong buy" from "accumulate" at Prudential Securities and to "accumulate" from "hold" by Janney Montgomery Scott. Whom do you believe? * Cisco Systems Inc. (CSCO; $69, up $2.25) was rated "buy" in new coverage by ABN Amro, with an $85 target. * Electroglas Inc. (EGLS; $36.19, up $1.
February 18, 1999 |
Famed stock picker Warren Buffett said this week he had acquired a 6.8% stake in Great Lakes Chemical Corp. and an 8.1% stake in TCA Cable TV as of Dec. 31--not that he'd make a big deal about it. In a 1997 letter to the Securities and Exchange Commission that was just reported last week, the billionaire warned that investors shouldn't jump on everything they read about his trading moves because his firm, Berkshire Hathaway Inc.
May 26, 1985
Pauley Petroleum Inc. said it sold 102 acres of land in San Dimas to Standard Pacific Corp. of Costa Mesa for $2.77 million. The sale of the land, which is part of Pauley's Via Verde development in eastern Los Angeles County, is part of the company's plan to sell off its non-energy assets. The pretax profit on the sale should total $1.6 million, Pauley said, which will be used for working capital and to reduce debt.
CALIFORNIA | LOCAL
May 1, 1989
The James Watt legacy lives on in spite of George Bush's campaign promise to put the very best people to work on his environmental agenda. Bush has made one outstanding appointment in William K. Reilly as chief of the Environmental Protection Agency. But his selections for other critical natural-resource jobs raise serious questions about the Administration's pledge to safeguard the nation's parks, wilderness and coastline. Two former aides to one-time Interior Secretary Watt have been chosen to positions overseeing 70% of the public lands.
July 4, 1996 |
When Caterpillar Inc. raised its quarterly dividend by 14% last month, the construction equipment maker was among a growing number of U.S. companies making similar moves. After five years of earnings gains averaging 17% and dividend growth of just 3%, companies are finally boosting the size of the checks they cut investors every three months.
November 4, 2003 |
The manufacturer of furniture flame retardants, which are accumulating in human bodies and wildlife, announced Monday that it would voluntarily stop producing the chemicals by the end of 2004. Great Lakes Chemical Corp., based in Indianapolis, had been under pressure for several months by scientists and the U.S. Environmental Protection Agency, which had asked the company to phase out penta and octa PBDEs, or polybrominated diphenyl ethers.