February 15, 2001 |
Casual attire may rule in the office, but as men find themselves needing a tux more than once a decade, a rise in rentals is fueling a national consolidation in the men's formal-wear industry. Gary's Tux Shops of Van Nuys on Wednesday agreed to merge with Chicago-based Gingiss Formalwear in a stock transaction to create the first nationwide chain of tuxedo rental stores. Additional terms of the deal were not disclosed.
November 4, 1994 |
Takeovers Headed for Second-Biggest Year: U.S. corporate takeovers are headed for their second-highest annual level, based on the strength of mergers in telecommunications, media and medicine. The value of announced mergers and acquisitions in the first 10 months of 1994 totaled $284.4 billion, according to Securities Data Co., which tracks financial markets. The year's totals will probably surpass the $292.9 billion mark set in 1989, Securities Data said. A record of $335.
December 3, 2013 |
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report. Consulting firm Ernst & Young on Tuesday released its 9th Capital Confidence Barometer for the media and entertainment industry. The report -- a survey of senior executives of large media companies -- is intended to glean corporate concerns and boardroom trends.
CALIFORNIA | LOCAL
November 1, 1995
Re mergers: Why aren't environmental impact studies conducted prior to the merger of giant corporations? Why are we outraged by the destruction of a rodent's habitat, yet do nothing when thousands of people lose their jobs so corporate executives can line their pockets in the name of efficiency? MARGARET MOOD Santa Ana
December 10, 1995
The reports in the Los Angeles Times indicate there will be an ongoing stream of company mergers. For example, Wells Fargo Bank is attempting a hostile takeover of First Interstate Bancorp. The message these companies try to give the public is that these mergers are necessary to reduce costs, become more competitive in individual markets and therefore remain profitable. Workers are laid off to create these cost reductions. If Wells Fargo is successful in its takeover of First Interstate, perhaps 5,000 Californians will be laid off. What really motivates these companies to do these mergers, to make these layoffs?
CALIFORNIA | LOCAL
March 30, 1998
Re "Officials Mute on the Mergers That Ate L.A.," by Peter Navarro, Commentary, March 25: I am a certified financial planner and have been practicing in the Los Angeles area for 25 years. My children are mostly corporate managers, executives and engineers. When they retire, many can't wait to leave Los Angeles. Navarro sees a lot of effects of corporate mergers and acquisitions and sees them accurately. the brainpower, inventiveness, vision and determination that are the hallmarks of American business, in many cases that he recites, do not reside in Los Angeles.