Mcneely

The last time Oak Industries reported a profit from continuing operations, Ronald Reagan was entering his second year in the White House and the San Diego Padres were still three years away from their 1984 National League pennant. Reagan now has less than a year remaining in his second four-year term and the Padres are once again mired at the bottom of the National League West. Rancho Bernardo-based Oak Industries last week reported a $3.

Based on assemblies in recent years, Oak Industries officials had expected a raucous shareholders gathering Monday. Instead, the 41st annual meeting of the financially troubled media concern was a relatively tame affair.

A state investigation of a county jail where eight inmates died in a fire uncovered major safety violations that have resulted in fines, an official said. Mitchell County was fined $7,350 this month for violations of the state's occupational safety code, Labor Department spokesman Allen McNeely said. He said the county built a storage addition where the May 3 fire is believed to have started out of combustible materials and failed to properly install barriers and smoke detectors.

A pilot was killed and his son injured when their single-engine plane crash-landed on a residential street in Leesburg, outside Washington. The pilot, apparently on a recreational flight, radioed that he had developed engine trouble shortly after takeoff, and the small plane broke apart during the emergency landing, said Doug McNeely, director of Leesburg Executive Airport.

A Sun Valley airport shuttle services company faces possible revocation of its license for allegedly violating state law by using independent contractors as drivers, rather than company employees who receive benefits. The practice has also raised concerns that Prime Time may flood the market with too many drivers, who could improperly solicit customers. Prime Time Shuttle International Inc.

Oak Industries has signed a definitive agreement to acquire Railway Maintenance Equipment Co., a Milwaukee-based subsidiary of Rexnord, for an undisclosed amount, Oak said Wednesday. San Diego-based Oak Industry expects to conclude by next week a previously announced acquisition of the Quartz Crystal Components Group that is owned by New York-based Electronic Technologies. Rexnord, a Brookfield, Wis.

Oak Industries, awash in debt and near bankruptcy last year, began a comeback bid Tuesday by agreeing to acquire the Quartz Crystal Components Group of New York-based Electronic Technologies for an undisclosed amount. When the deal is completed, San Diego-based Oak will acquire three Electronic Technologies businesses that last year reported revenue of $18.7 million.

A police officer who refused to shoot an armed, suicidal man who fired twice at the officer was awarded the Irvine Police Department's first Medal of Valor on Thursday. The medal, awarded for service and bravery beyond the call of duty, was presented to Dennis McNeely, a senior police officer, for calmly talking a 44-year-old despondent man into surrendering last September, even after the man fired a .22-caliber handgun at McNeely, Cmdr. Gene Norden said.