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Kaiser Aluminum Corp

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BUSINESS
February 27, 1995 | Times Staff and Wire Reports
Kaiser, Union Reach Tentative Accord: Kaiser Aluminum Corp. said the deal with negotiators for its 3,000 union workers could end a six-day strike. Union members rejected a previous contract offer by a vote of about 1,400 to 1,200, company officials said. A spokesman said the Houston-based firm is optimistic that the latest contract will be approved because union locals have unanimously endorsed it. The new agreement contains two unspecified changes to the earlier pact.
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BUSINESS
August 15, 2006 | From Reuters
Kaiser Aluminum Corp., which just emerged from bankruptcy protection after more than four years, said Monday that costs from its reorganization contributed to a second-quarter loss. The Foothill Ranch-based aluminum manufacturer said its loss totaled $2.5 million, or 3 cents a share, compared with a profit of $365.8 million, or $4.59, a year ago. The year-ago profit was boosted by $366 million in divestment proceeds. Revenue in the quarter ended June 30 rose 35% to $353.
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BUSINESS
February 7, 2006 | From Bloomberg News
Kaiser Aluminum Corp. said Monday that a bankruptcy judge approved the company's plan to end four years of Chapter 11 protection this quarter. The exit plan now requires approval from a U.S. District Court judge, Kaiser said. Under the plan approved by Bankruptcy Judge Judith Fitzgerald in Wilmington, Del., Kaiser plans to cancel its stock and swap debt for equity. "The finish line is within sight," Chief Executive Jack Hockema said in a statement. Foothill Ranch-based Kaiser posted a $746.
BUSINESS
March 2, 1995 | Times Staff and Wire Reports
Steelworkers ratified a new 47-month contract with Kaiser Aluminum Corp., ending a nine-day strike that had idled 3,000 union members at five plants in Washington, Louisiana and Ohio. . . . Carlsbad, Calif.-based Sunrise Medical Inc. said it has agreed to acquire the Corona Group, a Tours, France-based maker of health care beds, for about $40 million.
BUSINESS
January 11, 2001
* Kaiser Aluminum Corp. said it will raise aluminum sheet and parts prices by about 1% because of higher energy costs. * MBNA Corp. said profit in the fourth quarter rose 33% to $423.8 million, or 48 cents a share, a penny better than estimates, as the world's largest independent credit-card company lent more money to consumers. MBNA boosted loans 23% to $88.8 billion, in part by buying other companies' credit-card portfolios. * Merrill Lynch & Co.
BUSINESS
February 13, 2002 | Reuters
Kaiser Aluminum Corp. filed for Chapter 11 bankruptcy protection, a move that probably will lead to further consolidation in the ailing aluminum industry. Houston-based Kaiser, which employs more than 6,000, said it expected to secure $300 million in financing from Bank of America Corp. The company listed total assets of $3.3 billion and debts of $3.1 billion. The aluminum industry has fallen on hard times, crippled by a manufacturing slowdown that has driven down prices.
BUSINESS
August 15, 2006 | From Reuters
Kaiser Aluminum Corp., which just emerged from bankruptcy protection after more than four years, said Monday that costs from its reorganization contributed to a second-quarter loss. The Foothill Ranch-based aluminum manufacturer said its loss totaled $2.5 million, or 3 cents a share, compared with a profit of $365.8 million, or $4.59, a year ago. The year-ago profit was boosted by $366 million in divestment proceeds. Revenue in the quarter ended June 30 rose 35% to $353.
BUSINESS
March 4, 1996 | From Times Staff and Wire Reports
Kaiser Aluminum Corp. has ended its effort to buy Alumax Inc. for between $2.2 billion and $2.5 billion, withdrawing a hostile bid that Alumax rejected last month before adopting a "poison pill" plan to deter the takeover. The move over the weekend marks the second time in a month that a hostile bidder in a major industry has been driven off by the threat of a protracted takeover battle. On Feb. 2, El Segundo-based Mattel Inc. withdrew a $5.2-billion offer for rival Hasbro Inc.
BUSINESS
January 11, 2001
* Kaiser Aluminum Corp. said it will raise aluminum sheet and parts prices by about 1% because of higher energy costs. * MBNA Corp. said profit in the fourth quarter rose 33% to $423.8 million, or 48 cents a share, a penny better than estimates, as the world's largest independent credit-card company lent more money to consumers. MBNA boosted loans 23% to $88.8 billion, in part by buying other companies' credit-card portfolios. * Merrill Lynch & Co.
BUSINESS
March 4, 1996 | From Times Staff and Wire Reports
Kaiser Aluminum Corp. has ended its effort to buy Alumax Inc. for between $2.2 billion and $2.5 billion, withdrawing a hostile bid that Alumax rejected last month before adopting a "poison pill" plan to deter the takeover. The move over the weekend marks the second time in a month that a hostile bidder in a major industry has been driven off by the threat of a protracted takeover battle. On Feb. 2, El Segundo-based Mattel Inc. withdrew a $5.2-billion offer for rival Hasbro Inc.
BUSINESS
March 2, 1995 | Times Staff and Wire Reports
Steelworkers ratified a new 47-month contract with Kaiser Aluminum Corp., ending a nine-day strike that had idled 3,000 union members at five plants in Washington, Louisiana and Ohio. . . . Carlsbad, Calif.-based Sunrise Medical Inc. said it has agreed to acquire the Corona Group, a Tours, France-based maker of health care beds, for about $40 million.
BUSINESS
February 27, 1995 | Times Staff and Wire Reports
Kaiser, Union Reach Tentative Accord: Kaiser Aluminum Corp. said the deal with negotiators for its 3,000 union workers could end a six-day strike. Union members rejected a previous contract offer by a vote of about 1,400 to 1,200, company officials said. A spokesman said the Houston-based firm is optimistic that the latest contract will be approved because union locals have unanimously endorsed it. The new agreement contains two unspecified changes to the earlier pact.
BUSINESS
August 27, 1999
* Kaiser Aluminum Corp. said contract talks with the steel union are stalled over the company's plans to continue using outside workers for some jobs, bringing the labor dispute into its 11th month.
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