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BUSINESS
June 14, 2011 | By Meg James, Los Angeles Times
Julius is prepping for his Hollywood close-up. Last summer, Los Angeles billionaire Haim Saban bagged the chimp, spending about $50 million to buy Paul Frank Industries, the Orange County company that turned a whimsical drawing of a wide-mouthed sock monkey into a global fashion statement. Now, Saban's team is developing a promotional blitz to catapult Julius from smirking slacker found on vinyl wallets and T-shirts into a bankable media star. Saban Brands on Tuesday will unveil plans for the primate to headline a prime-time television animated Christmas special next year, a project that is intended to land Julius on the cartoon A-list along with such august characters as Charlie Brown and the Grinch.
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BUSINESS
September 2, 2003 | From Bloomberg News
France Telecom, Europe's second-biggest phone company, offered $7.24 billion in stock for the stake it doesn't already own in Orange to benefit from faster profit growth at the wireless unit. France Telecom offered 11 of its shares for every 25 shares of Orange, the company said on a conference call. The offer for the remaining 13.8% of Orange values each share at $10.90, or 18% more than Friday's close. Orange shares jumped as much as 15%.
BUSINESS
January 30, 1993 | From Times Staff and Wire Reports
Vans Shares Plunge 29%: A day after Vans Inc. predicted a third-quarter loss, the stock price for the Orange company tumbled 29% in heavy trading. The sneaker maker's shares lost $3.75 Friday to end the week at $9.25 in trading on the NASDAQ market. The price drop came after the company said that rainy weather and the effects of an immigration raid at its main production plant in Orange could result in a "small net loss" for its fiscal third quarter, which ends Feb. 28.
BUSINESS
September 2, 2003 | From Bloomberg News
France Telecom, Europe's second-biggest phone company, offered $7.24 billion in stock for the stake it doesn't already own in Orange to benefit from faster profit growth at the wireless unit. France Telecom offered 11 of its shares for every 25 shares of Orange, the company said on a conference call. The offer for the remaining 13.8% of Orange values each share at $10.90, or 18% more than Friday's close. Orange shares jumped as much as 15%.
BUSINESS
June 24, 2000 | Dow Jones
Bridge Technology Inc. of Garden Grove said Friday it has purchased 300,000 shares of Worldwide Wireless Networks Inc. common stock at $4 each. Bridge, a provider of digital recording, storage and communication components, said it expects Worldwide Wireless initially to be the principal customer for Bridge's new wireless infrastructure apparatus. Orange-based Worldwide Wireless shares closed Friday at $3.44, down 6 cents, in over-the-counter trading.
BUSINESS
November 10, 1988 | From United Press International
An Orange County firm specializing in automated airline ticket systems said Wednesday it will introduce a new generation of machines that will speed tickets to the thousands of business travelers who each day make last-minute changes in flight plans. Airline Computerized Ticketing Inc. of Orange, which provides satellite-fed airline ticket printers used by travel agents, has signed a $15-million contract with Fastix Inc. of San Mateo, Calif.
BUSINESS
August 1, 2001
* MTI Technology Corp., an Anaheim provider of data storage products, said Tuesday it has eliminated more jobs, reduced management salaries and taken other cost-cutting measures as its losses widened in the first quarter. The company did not disclose how many jobs were eliminated in the latest round, but said it has cut more than 150 positions this year. MTI's payroll totaled about 550 employees in May.
BUSINESS
August 1, 2001
* MTI Technology Corp., an Anaheim provider of data storage products, said Tuesday it has eliminated more jobs, reduced management salaries and taken other cost-cutting measures as its losses widened in the first quarter. The company did not disclose how many jobs were eliminated in the latest round, but said it has cut more than 150 positions this year. MTI's payroll totaled about 550 employees in May.
BUSINESS
June 7, 2001 | KAREN ALEXANDER and MARC BALLON, TIMES STAFF WRITERS
Ingram Micro Inc., the world's largest distributor of computer products, said Wednesday that it will cut 1,000 U.S. jobs, or about 6% of its work force, because of weak demand for computers and networking equipment. The company said it expects to save $30 million to $40 million a year as a result of the cuts, closing three facilities that will reduce its presence significantly in California. Ingram Micro already has eliminated 1,000 U.S. jobs since the beginning of the year.
BUSINESS
January 31, 2001 | Bloomberg News
Bergen Brunswig Corp., the third-biggest U.S. drug wholesaler, said Tuesday that it signed a four-year agreement valued at $220 million to supply generic drugs to Costco Wholesale Corp. The Orange company also will provide home health-care products to customers of Costco.com and offer backup services to Costco's main wholesaler of brand-name drugs, McKesson HBOC. "Generic drugs are significantly more profitable for us," Bergen spokeswoman Donna Dolan said.
BUSINESS
June 24, 2000 | Dow Jones
Bridge Technology Inc. of Garden Grove said Friday it has purchased 300,000 shares of Worldwide Wireless Networks Inc. common stock at $4 each. Bridge, a provider of digital recording, storage and communication components, said it expects Worldwide Wireless initially to be the principal customer for Bridge's new wireless infrastructure apparatus. Orange-based Worldwide Wireless shares closed Friday at $3.44, down 6 cents, in over-the-counter trading.
BUSINESS
May 10, 2000 | E. SCOTT RECKARD, TIMES STAFF WRITER
After five years of heady growth in leasing heavy equipment, computers and other gear to businesses, American Capital Group has learned that customer complaints add to its growing pains. The company, part of a vast but little-scrutinized national industry, said it handled more than 5,000 applications for leases last year--10 times as many as in 1995, its first year of operations.
BUSINESS
May 20, 1999 | EDMUND SANDERS, TIMES STAFF WRITER
Two of the nation's largest financial institutions resumed their California buying sprees Wednesday, announcing separate acquisitions of two Orange County companies worth a total of nearly $1.3 billion and proving that the state remains one of the hottest banking markets in the country. U.S. Bancorp, the nation's 13th-largest bank, said it would pay about $900 million in stock to buy Newport Beach-based Western Bancorp, parent of Santa Monica Bank and Southern California Bank.
BUSINESS
December 28, 1988 | JAMES S. GRANELLI, Times Staff Writer
Frank Feitz knows first hand how fast county businesses are growing. His company, ABI American Business-phones Inc. in Irvine, has been selling telephone systems to small companies for the last 8 years. Customers who needed just a few phones 5 years ago are now ordering 100 or more. "We've seen companies go public, we've seen more venture capital seed money coming into the county, we've seen the growth," he said. "Now, many companies are coming to the same crossroads we did," Feitz said.
CALIFORNIA | LOCAL
March 28, 1986 | Kristina Lindgren
Criminal complaints were filed Thursday against two Orange County companies for allegedly polluting state waters and killing aquatic life, Deputy Dist. Atty. Diane Stavenhagen Kadletz said. The complaints were filed against J.A. Jones Construction Co. of Orange for allegedly killing 3,000 pounds of live squid by pumping hydrogen sulfide-contaminated water into Newport Bay in late January; and against Aerochem Inc.
BUSINESS
May 16, 1998 | From Bloomberg News
Bergen Brunswig Corp. said Friday it signed a five-year agreement valued at about $4 billion to supply drugs and pharmaceutical products to Kaiser Permanente, the nation's largest nonprofit health-care organization. Bergen Brunswig, one of the largest U.S. drug wholesalers, will become the primary pharmaceuticals supplier to the 9-million-member health plan. Previously, Bergen had acted as one of several suppliers.
BUSINESS
February 20, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Long Beach Mortgage Co. plans to spin off its wholesale mortgage lending division into a separate public company. The Orange-based company, which makes and sells high-risk loans, plans to sell 21.75 million shares in a public offering, according to papers filed Wednesday with the Securities and Exchange Commission. It expects shares to sell for $10 to $12. A new company, Long Beach Financial Corp.
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