October 9, 1991 |
Less than two weeks after reporting a 98% drop in third-quarter earnings, Community Psychiatric Centers International Inc. said Tuesday that it has abandoned its offer to buy two Texas health-care companies for an estimated $300 million. "For now, it's dead," said Community Psychiatric spokeswoman Suzanne Hovdey, adding: "What the future holds, I really can't say." Meanwhile, the hospital chain's stock hit a 52-week low of $15.50 on Monday, rebounding only slightly Tuesday to close at $15.
May 10, 1994
Three Valley residents, including a former Mickey Mouse Club Mouseketeer, have been sued by the Securities and Exchange Commission for the fraudulent stock-buying practice known as "free riding." The complaint, filed in U. S.
September 28, 1991 |
Community Psychiatric Centers Inc., the latest victim in the troubled psychiatric care industry, said Friday that its third-quarter earnings plunged 98%. In heavy New York Stock Exchange trading, its share price sank 27% on the news. The company blamed pricing pressures and millions of dollars in uncollected bills for its dismal performance. Also Friday, the company ratcheted down its offer to buy two hospital companies based in Austin, Tex.--Healthcare International Inc.
May 7, 1992 |
Hughes Aircraft is in final negotiations to acquire General Dynamics' missile business in Pomona and San Diego, a deal that would make Hughes one of the world's largest tactical missile firms, industry sources said Wednesday. General Dynamics Chairman William Anders told shareholders Wednesday at the firm's annual meeting that it is "now entering the final phase of negotiations for the sale of our missile business and could well announce a transaction in the near future."
December 23, 1991 |
A decade ago, when Martin Greenwald started Image Entertainment Inc., a Chatsworth laser disc distributor, "people literally laughed at us," he said. Today Image's investors--including America's richest man, John W. Kluge, who a holds 39% stake--aren't laughing, but they are still waiting for Image to turn a profit. Greenwald, an ex-stockbroker and former porno film distributor, said their wait is now over. And in an auspicious sign for the company, Walt Disney Co.
December 10, 1991 |
A decade ago, when Martin Greenwald started Image Entertainment Inc., a Chatsworth laser disc distributor, "people literally laughed at us," he said. Today, Image's investors--which include America's richest man, John W. Kluge, who owns 39% of Image's stock--aren't laughing, but they are still waiting for Image to turn a profit. Greenwald, an ex-stockbroker and former porno film distributor, said their waiting is now over. Of course, Greenwald has said that before.