March 2, 1995 |
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.
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.
February 13, 2002 |
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.
August 15, 2006 |
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.
March 4, 1996 |
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.