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BUSINESS
June 15, 1993
Stockholders of Spear Financial Services Inc. in Glendale approved a proposal to change the firm's name to JMC Group Inc., effective June 30. The name change reflects the firm's recent divestiture of securities operations in order to focus on its core business of marketing annuities, life insurance and mutual funds to customers of financial institutions.
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BUSINESS
September 7, 1993
A Santa Barbara investment fund has raised its stake in JMC Group Inc., a Glendale financial services company formerly named Spear Financial Services Inc. The T.K. Bliss Investment Fund bought a total of 79,000 shares of JMC's common stock between Aug. 10 and 20 for $9.81 to $10.13 per share, boosting its stake in the company from 5.95% to about 7.1%, according to documents filed with the Securities and Exchange Commission. The fund, whose sole general partner is Timothy K.
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BUSINESS
September 7, 1993
A Santa Barbara investment fund has raised its stake in JMC Group Inc., a Glendale financial services company formerly named Spear Financial Services Inc. The T.K. Bliss Investment Fund bought a total of 79,000 shares of JMC's common stock between Aug. 10 and 20 for $9.81 to $10.13 per share, boosting its stake in the company from 5.95% to about 7.1%, according to documents filed with the Securities and Exchange Commission. The fund, whose sole general partner is Timothy K.
BUSINESS
June 15, 1993
Stockholders of Spear Financial Services Inc. in Glendale approved a proposal to change the firm's name to JMC Group Inc., effective June 30. The name change reflects the firm's recent divestiture of securities operations in order to focus on its core business of marketing annuities, life insurance and mutual funds to customers of financial institutions.
BUSINESS
June 1, 1993
Spear Financial Services Inc. in Glendale said it has agreed to sell the discount brokerage accounts of its Spear Rees & Co. subsidiary to Quick & Reilly Inc., a large New York discount brokerage firm. The transaction is expected to be completed this month. Spear Financial also said it has sold stock in TCW Inc., its specialist operation on the Pacific Stock Exchange, and the stock of two inactive broker-dealer subsidiaries to its former chairman, Charles M. Spear.
BUSINESS
April 6, 1993
Spear Financial Services Inc. posted a fourth-quarter net loss of $1.43 million because of a $2.4-million loss from discontinued operations. Spear, based in Glendale, is divesting its securities brokerage line and other businesses to concentrate solely on its James Mitchell & Co. unit, which markets insurance-related investments. The loss in the quarter ended Dec. 31 compared with year-earlier profit of $292,990. Excluding the charge, Spear's latest earnings would have totaled $1 million.
BUSINESS
May 7, 1996
Companies ranked by percent gain in stock price. *--* % Change Price as 12-month Rank Company 52 Weeks of 4/19/96 high 1 L.L. Knickerbocker Co. 1148 9.75 10.40 2 Amati Communications Corp. 882 13.5 19.75 3 PCC Group, Inc. 833 3.5 3.5 4 California Amplifier 599 33.63 36.38 5 Ascend Communications 575 59.5 62 6 Quality Systems, Inc. 575 20.25 32.25 7 IDEC Pharmaceuticals Corp 571 26 29.25 8 Vitesse Semiconductor 467 26.94 28.25 9 C-Cube Microsystems Inc. 399 52.38 73.5 10 Proxim, Inc. 390 30.
BUSINESS
May 7, 1996
This directory lists more than half of the publicly held businesses headquartered in California. Generally, we have included the companies that did better in the major performance categories of this section, plus as many Southern California companies as space allowed. For a complete list of California companies on the World Wide Web, see The Times 100 section of the Los Angeles Times Web site, http://www.latimes.
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