August 23, 1994
ICN Merger Corp., the company that is emerging from the consolidation of ICN Pharmaceuticals and its three affiliates, has filed with the Securities and Exchange Commission to sell $150 million worth of convertible subordinated debentures, due in 2004.
August 27, 1992
Two top executives of Comprehensive Care Corp., which owns the Starting Point hospital in Costa Mesa, resigned Tuesday. Ann Hiles, investor relations manager for Comprehensive Care at its St. Louis headquarters, said James Carmany, who was president and chief executive, and Donald Simpson, chief operating officer, have left the company. Richard Wolfe, vice chairman of the board, will succeed Carmany, she said. Robert Obsurn will become chief of operations.
December 25, 1992
Kemper Securities has ranked California 51st in its quarterly analysis of 50 states and the District of Columbia. The survey looked at economic growth, home sales, mortgage delinquencies, mortgage foreclosures and jobless rates. Scores range from a possible low of -100 to a high of 100. Overall, the survey confirmed a "modest recovery" based on the confusing messages of the U.S. economy.
May 23, 1995
Align-Rite International Inc., a Burbank-based maker of photo masks, is going public. The company is offering 1.2 million shares, with stockholders offering an additional 600,000 shares, according to documents filed with the Securities and Exchange Commission. The expected offering price is between $11 and $13 per share. The proceeds will be used to repay outstanding debt, acquire capital equipment and for general corporate purposes. For fiscal 1995, the company reported a net income of $3.
April 12, 1994 |
Variflex Inc., a Moorpark maker of roller skates, skateboards and athletic protective equipment, has filed a registration statement with the Securities and Exchange Commission to sell 2 million shares in an initial public stock offering. The company plans to offer the stock at between $14 and $17 a share, raising about $20.9 million after expenses. The money will be used to repay debt, expand product lines and, possibly, finance acquisitions.
September 25, 1994
Richard E. Butler has been appointed chief executive of Fountain Valley Regional Hospital and Medical Center. He has been the administrator for the past five years. In addition, Thomas M. Ways has been selected as president of OrNda HealthCorp's physician hospital organization, currently under development. Ways had been the chief executive of Fountain Valley Medical Development Co., which owned Fountain Valley Regional Hospital before it was acquired by OrNda. * Lance A.
January 13, 1992 |
Investors may ultimately pay the price for corporate America's recent rush to borrow low-interest money in the credit markets. Companies sold an enormous amount of new long-term securities this past week. At least $11.38 billion in new corporate bonds were offered, easily beating the previous single-week record of $7.75 billion set in April, 1986. Analysts expect company treasurers to use most of the proceeds to pay off existing bonds that have higher yields than the new issues.
July 5, 1994
Sherman Oaks-based HemaCare Corp. said it has agreed after talks with the federal Food and Drug Administration to conduct a repeat study involving its plasma treatment therapy for HIV and AIDS patients before proceeding to the next round of clinical trials. In a statement, the company said the FDA had questioned its virus inactivation process for preventing the possible transmission of HIV or hepatitis through the treatment.
January 15, 1992 |
Citing unexpected cuts in its space business, Rockwell International Corp. said Tuesday that it would lay off as many as 1,000 employees in Downey and Seal Beach by spring, the latest job cuts in the hard-hit Southern California aerospace industry. "We have encountered unexpected reductions in our NASA business," said Robert G. Minor, president of the Seal Beach-based firm's Space Systems Division.
October 21, 1994
Joseph A. Cleary has been appointed chief executive of Topac U.S.A. Inc., a wholly owned subsidiary of Toshiba America Information Systems Inc. in Irvine that provides a new distribution channel for the office automation industry. Cleary was previously vice president of business operations for Alco Office Products. Before that, he was with Xerox Corp. for more than 20 years, holding several senior management positions in its sales and marketing divisions.