January 2, 1991
List includes only common stocks and reflects stock splits and dividends. Not included are stocks whose 1989 closing price was below $2. Close ($) Yr. to date Stock Dec. 31, '90 % change Line of business OEA Inc. 39.75 +162.8 Propellant actu- ated devices New Line Cinema 9.0 +105.7 Motion pictures Incstar Corp. 5.25 +100.0 Medical diag- nostic kits Schult Homes Corp. 4.375 +94.4 Mobile homes Thermo Car- dio Systems 13.75 +93.0 Cardiac devices Barr Laboratories 8.875 +82.1 Pharma- ceutical prep.
July 8, 1997 |
Air bags can save lives. They can also save a company. In 1990, the year after the Berlin Wall came down, a modest-sized Newhall defense contractor, Special Devices Inc., jumped full tilt into selling trigger devices called initiators, which were similar to those it produced for Tomahawk missiles, to makers of automotive air bags. Since then, the company's profits have jumped fivefold, sales have quadrupled and its net worth has tripled. About 80% of its business now comes from automotive sales.
CALIFORNIA | LOCAL
October 3, 1986 |
Space Ordnance Systems, facing an estimated $2.7-million environmental cleanup at its two plants near Canyon Country, has asked state officials to shift more than half the bill to six other companies that allegedly contributed to polluting the sites. In documents filed with the state Department of Health Services, Space Ordnance, a defense and aerospace contractor, claims that it should pay only 47%--or $1.
CALIFORNIA | LOCAL
October 27, 1985 |
After two explosions and a fire killed Walter Buss at an explosives plant in the Santa Clarita Valley, his burned and lacerated body was surrounded by evidence of violations of basic safety principles. A portable electric heater was in the area where Buss had been mixing and packaging explosive powders, and a spark from it could have caused the initial explosion. The second, fatal blast was fueled by several gallons of flammable liquids that were improperly stored in the work area.