January 23, 1998 |
Responding to a series of court decisions on a lawsuit in Orange County, the state Senate on Thursday voted to give older employees more protection against employers who try to replace them with younger, lower-paid workers. By a 22-8 vote, the upper house sent the Assembly a bill that would bar an employer from firing, demoting or refusing to hire a worker over age 40 simply because a younger employee could do the job for less money.
August 29, 1997 |
Hughes Electronics Corp., General Electric Co. and Loral Corp. plan to bid next month for 60% of Mexico's Satelites Mexicanos system. Units of the three companies have qualified to bid for the system, whose three satellites cover most of North America and also Central America and part of South America, officials said. Industrias Penoles, a Mexican silver-mining company, is also a bidder, the ministry said. Satelites Mexicanos generates annual revenue of about $110 million.
November 28, 1996 |
Loral Space & Communications Ltd. said it signed a contract for 10 satellite launches with Rocket System Corp. of Japan. The sale is the second in two days for Rocket Systems, which signed a deal Tuesday with a unit of Los Angeles-based Hughes Electronics Corp. The Loral contract calls for Rocket System, a consortium that includes Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Corp. and NEC Corp., to launch the satellites from 2000 to 2005.
August 14, 1996 |
Lockheed Martin Corp.'s acquisition earlier this year of Loral Corp.'s electronics and information systems and services businesses still hasn't had much impact on the former Loral Aeronutronic operation in Rancho Santa Margarita. But D-day is drawing nearer. Lockheed has now completed the first phase of a restructuring designed to absorb the various Loral units.
April 19, 1996 |
FTC Approves Lockheed-Loral Merger: The Federal Trade Commission approved the $9.1-billion merger of defense giants Lockheed Martin Corp. and Loral Corp. The unanimous approval came hours after the Pentagon released a letter endorsing the deal and saying it would have little effect on the government's ability to buy weapons from competing sources.
March 8, 1996 |
Loral Gets Satellite Order: MCI Communications Corp. and Rupert Murdoch's News Corp. said they have ordered two high-powered satellites from a unit of Loral Corp. to deliver TV and other services directly to homes next year. The companies will pay $400 million for the satellites, including launching and insurance costs, said Susan Mayer, a senior vice president at MCI.