April 13, 1993
Rexhall Industries Inc., a motor-home manufacturer still smarting from the recession, said it lost $1.02 million in the fourth quarter, compared to a year-earlier loss of $1.10 million. The Santa Clarita-based company said the latest loss in the quarter ended Dec. 31 came on a 36% drop in its sales, to $2.81 million from $4.38 million. For all of 1992, Rexhall lost $1.46 million, compared with a $1.15-million loss in 1991, and its annual sales tumbled 52%, to $12.4 million from $25.9 million.
August 12, 1992 |
The Justice Department said McDonnell Douglas Missile Systems had agreed to pay the federal government $1 million to settle claims that it had misrepresented costs in a contract with the Navy.
April 30, 1989
Paul Ostro of San Clemente has purchased the Tustin Corporate Center, 2552 Walnut Ave., Tustin, for $4.25 million. Grubb & Ellis represented both Ostro and the seller, Tustin Corporate Park Ltd., in the transaction. The 33,577-square-foot office park is fully leased and is anchored by Far Western Bank.
December 18, 2009 |
One of the most expensive movies of all time is poised for a huge box office debut this weekend, though nowhere close to breaking records. "Avatar" will probably gross about $80 million from Friday through Sunday in the U.S. and Canada, according to several people who have seen pre-release public surveys. With momentum from positive reviews, however, the people said the movie's ticket sales could end up even higher. People close to the studio said Fox executives are concerned about managing expectations for their costly picture going into the weekend.
November 4, 2009 |
Cost cutting, coupled with stronger results from Paramount Pictures, paid off in the third quarter as Viacom Inc. posted a 15% jump in profit despite lower advertising and home video sales. Credit "Transformers: Revenge of the Fallen" and "G.I. Joe: The Rise of Cobra" for helping to improve the company's financial picture, along with pay-TV operators who shelled out more money to carry Viacom's channels, including MTV, VH-1, Nickelodeon, BET and Comedy Central. For the quarter ended Sept.
April 22, 2010 |
Although Chrysler Group lost $3.8 billion since emerging from bankruptcy in June, its financial performance is exceeding the expectations of many analysts who see hopeful signs that the automaker may be on the road to recovery. During the first quarter, the automaker trimmed its losses to $197 million and managed to scratch out an operating profit of $143 million, Chrysler said Wednesday. "Profitability is significantly better than we appreciated," said Max Warburton, an analyst with Sanford C. Bernstein in England.