May 30, 1987 |
Cornell C. Maier will resign June 26 as chairman and chief executive of Kaiser Aluminum, where he has worked since 1949, KaiserTech Ltd., the Oakland company's newly formed parent firm, said Friday. Maier, 62, also will resign as vice chairman and president of KaiserTech, but not until Jan. 1, the company said. Maier will continue as a director of KaiserTech and Kaiser Aluminum and will serve as a consultant until Dec. 31, 1992. Maier will be succeeded at Kaiser Aluminum by James S.
July 8, 1987 |
Kaiser Aluminum & Chemical said Tuesday that it has hired two investment banking firms to help the Oakland company sell its chemicals business and to investigate possible joint-venture or sale opportunities for its aluminum operations. But despite the possible sales, Kaiser Aluminum, the operating subsidiary of KaiserTech Ltd., is not being liquidated, a company spokesman said.
June 27, 1987 |
KaiserTech Ltd., the corporate parent of Kaiser Aluminum & Chemical, announced Friday that it will write down the value of a number of operations and will post a $387-million loss in the year's second quarter. The decision by the Oakland-based holding company, which was created last spring after British investor Alan Clore took control of Kaiser, represents a significant step in the company's attempt to regain profitability.
April 24, 1988
Ranks companies by overall revenue 1987 sales/revenue % change Rank Company ($ millions) from 1986 1 Chevron Corp. 26,015.0 7 2 Occidental Petroleum 17,096.0 11 3 Atlantic Richfield 16,282.0 12 4 Lockheed Corp. 11,321.0 10 5 BankAmerica Corp. 10,163.0 -19 6 Unocal 9,393.0 26 7 Pacific Telesis Group 9,131.0 2 8 Hewlett-Packard 8,090.0 14 9 Security Pacific (1) 7,617.5 27 10 Pacific Gas & Electric 7,185.7 -8 11 Transamerica Corp. 7,174.6 15 12 McKesson 7,112.3 7 13 Lucky Stores 6,924.
April 24, 1988 |
In 1987, a new group of small California high-technology firms emerged from obscurity to win Wall Street's admiration, The Times 100 analysis shows. Among them were Digital Microwave, a radio equipment maker, specialized software publishers MacNeal-Schwendler and Informix, computer maker Teradata, and the computer chip manufacturer Linear Technologies.
April 3, 1991 |
California State University trustees Tuesday identified the two men and one woman who are finalists to become chancellor of the 20-campus, 370,000-student system. The only candidate from inside Cal State is Warren J. Baker, president of Cal Poly San Luis Obispo. The other two are Shirley S.
December 4, 1988
What do investment experts expect to happen in 1989 and what are they planning to do? Free-lancer writer Michele Lingre interviewed various professional money managers and others to find out. Excerpts of their comments follow: James P. Owen, managing director of Los Angeles' NWQ Investment Management, which manages $1.5 billion in assets for such clients as Directors Guild of America and Unisys. : "Now is a time to try not to lose money, as opposed to maximizing returns.
April 24, 1988 |
Like racehorses leaping a tall stone wall on a steeplechase course, most of California's biggest stocks handily survived last October's stock market crash. The few that took hard falls in October of 1987, however, generally haven't recovered. That pattern is apparent from a look at the market values of California's 100 biggest stocks, which as a group recovered gamely after Oct. 19 and, overall, posted admirable gains between January, 1987, and April, 1988.
September 25, 1988 |
Drexel Burnham Lambert Inc. may be in serious legal trouble, but its plight isn't bad enough to make the folks at Cablevision Systems Corp. think about dumping their investment bank. "When we were a very young, small company, they raised money that nobody else could raise for us," said William J. Bell, vice chairman of the medium-size cable television concern, for which Drexel has completed three financings.