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BUSINESS
April 12, 1987 | C. A. WEDLAN
Trico Industries Inc., Gardena, which manufactures oil field pumps, said it was acquired by Paccar Inc., Bellevue, Wash., a manufacturer of trucks and mining equipment. Trico said each share of its common stock was converted into $8 cash.
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BUSINESS
July 27, 2002 | Bloomberg News
Fleetwood Enterprises Inc. named Edward Caudill, an executive at truck maker Paccar Inc., as chief executive and president as the maker of recreational vehicles and mobile homes struggles with losses. Caudill, 59, replaces interim CEO David Engelman, who took over after Nelson Potter resigned in February, Fleetwood said. Caudill's appointment is effective in mid-August. The Riverside-based company's shares have declined 60% since Potter's departure.
NEWS
August 2, 1992 | Associated Press
Workers at a Peterbilt Motors Co. "big rig" tractor plant voted 284 to 84 on Saturday to end a three-month strike after the company threatened to hire replacement workers. The workers approved the same contract they had rejected a week ago. The pact includes a 3.5% raise and requires employees to pay part of their health insurance costs.
BUSINESS
July 9, 1987
Mellon Bank Corp., which underwent a management shake-up following the announcement of unexpected losses, said W. Keith Smith had been appointed treasurer of the nation's 12th-largest bank holding company. Chairman Frank V. Cahouet, the former Crocker National Bank executive who last month was named to replace J. David Barnes, announced that Smith would also serve as Mellon's chief financial officer and as a vice chairman of the company and its bank unit. Smith succeeds G.
BUSINESS
June 23, 2003 | From Associated Press
Workers at Peterbilt Motors Co.'s suburban Nashville truck plant voted overwhelmingly Sunday to accept the company's "final offer" and return to work July 1, ending a 10-month lockout. According to plant manager Joe Scattergood, members of United Auto Workers Local 1832 voted 470 to 90 to accept the new five-year deal. Union officials could not be reached for comment. Peterbilt laid off almost 500 employees in November in response to a drop in orders for the heavy trucks.
BUSINESS
October 3, 2000 | Bloomberg News
The "old economy" showed Monday that it can still generate a little stock excitement. Navistar International Corp. shares (NAV) soared $6.56 to $36.50 on the NYSE on a report that the third-largest truck maker might be a takeover target. Market rumors were that Navistar had received a conditional purchase offer from rival Paccar Inc. But Paccar (PCAR) later said it "has not made a bid." Paccar, whose shares rose on Nasdaq $1.06 to close at $38.
BUSINESS
August 2, 2002 | From Bloomberg News
Fleetwood Enterprises Inc. on Thursday was hit with a consumer's lawsuit accusing it of false advertising for its motor homes, as the company warned of another quarterly loss. The lawsuit, filed in Los Angeles Superior Court, charges that Fleetwood falsely claims that its motor homes can stop safely while towing a load of 3,500 pounds.
BUSINESS
January 6, 2004 | Tom Petruno, Times Staff Writer
Fewer U.S. companies raised their dividend payments in December than a year earlier, a surprisingly stingy ending to a year in which the government slashed tax rates on dividend income. But the number of extra, or one-time, dividends was the most for any December in more than a decade. That may indicate that more firms are balking at committing to a higher ongoing dividend rate, but are willing to make one-time payments to share profits with investors.
BUSINESS
August 24, 1999
* Raleigh, N.C.-based Carolina Power & Light Co. said it will acquire Florida Progress Corp. for $5.3 billion, creating the nation's ninth-largest electric utility. * Suez Lyonnaise des Eaux, France's second-largest water company, will buy the rest of United Water Resources Inc. for $1 billion in cash plus $800 million in assumed debt, as it tries to match the expansion of bigger rival Vivendi. * * Medical device maker Medtronic Inc. said its first-quarter earnings rose 8.
CALIFORNIA | LOCAL
January 28, 1989 | MAUREEN FAN, Times Staff Writer
The U. S. Environmental Protection Agency announced an unprecedented agreement Friday among the automobile industry, government and environmental groups on a standard of purity for recycled refrigerant used in car air conditioners, the single largest source of ozone depletion in the country.
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