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September 12, 2000 | A Times Staff Writer
Shares of PSA Inc., a Los Angeles-based holding company, momentarily plunged more than 60% after a news service mistakenly reported the company had filed for bankruptcy protection. PSA's stock, which closed Friday at $4.88, tumbled to $1.75 a share in the minutes after the erroneous item moved over the Dow Jones news wire. The stock rebounded after Dow Jones moved a correction noting that the company filing for Chapter 11 bankruptcy protection was privately held PSA Inc.
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NEWS
September 12, 2000
A pregnant woman and her unborn baby were killed in a drive-by shooting late Sunday night, police said. Two men who were walking with her were wounded in the legs. Sherry Canales, 19, of Bellflower and two male friends were strolling together on Gaviota Avenue near Anaheim Street when they were fired upon from a passing car, said Officer Jana Blair, a Long Beach police spokeswoman. Authorities said the men, Juan Baltazar, 19, and Joel Herrera, 22, both of Long Beach, had minor injuries.
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NEWS
September 12, 2000
A pregnant woman and her unborn baby were killed in a drive-by shooting late Sunday night, police said. Two men who were walking with her were wounded in the legs. Sherry Canales, 19, of Bellflower and two male friends were strolling together on Gaviota Avenue near Anaheim Street when they were fired upon from a passing car, said Officer Jana Blair, a Long Beach police spokeswoman. Authorities said the men, Juan Baltazar, 19, and Joel Herrera, 22, both of Long Beach, had minor injuries.
BUSINESS
September 12, 2000 | A Times Staff Writer
Shares of PSA Inc., a Los Angeles-based holding company, momentarily plunged more than 60% after a news service mistakenly reported the company had filed for bankruptcy protection. PSA's stock, which closed Friday at $4.88, tumbled to $1.75 a share in the minutes after the erroneous item moved over the Dow Jones news wire. The stock rebounded after Dow Jones moved a correction noting that the company filing for Chapter 11 bankruptcy protection was privately held PSA Inc.
BUSINESS
October 20, 1986
To prevent confusion between itself and its Pacific Southwest Airline subsidiary, PSA Inc.'s board of directors has proposed that the holding company's name be changed to PS Group Inc. Shareholders will vote on the proposed name change at a special shareholders meeting Nov. 18 in San Diego.
BUSINESS
October 23, 1986 | GREG JOHNSON
Benefitting from a strong performance by its Pacific Southwest Airlines subsidiary, San Diego-based PSA Inc. on Wednesday reported a 5% increase in net income to $9.6 million and a 16% rise in revenues to $243 million for the third quarter ended Sept. 30. For the nine months PSA Inc. reported a $9 million net loss and revenues of $682 million, up 15%, for the nine-month period. The parent company reported a $16.4 million net profit a year ago.
BUSINESS
February 20, 1986 | GREG JOHNSON, Times Staff Writer
Despite a $648,000 net loss on airline operations and an $11.9-million write-down by its oil and gas operation, PSA Inc. on Wednesday reported that its net income rose 111% to $26.8 million and revenues rose 13% to $779.9 million for the year ended Dec. 31. PSA Inc. reported that for the fourth quarter, net income rose 262% to $10.5 million and revenues rose 19% to $202.3 million. The performance of PSA Inc.'s aircraft leasing subsidiary, which benefited from $8.
BUSINESS
June 4, 1986 | GREG JOHNSON, Times Staff Writer
PSA Inc. on Tuesday broke with past practice and offered a portion of its Pacific Southwest Airlines subsidiary to the public, announcing an offering of three million shares of common stock that could raise as much as $24 million. The offering, which was described as a "positive" move by airline industry analysts, would make available to the public airline common stock that previously had been held only by PSA Inc., the San Diego-based parent company of Pacific Southwest Airlines. PSA Inc.
BUSINESS
September 16, 1986
PSA Inc., parent company of Pacific Southwest Airlines, said it might change its name to "alleviate potential confusion" created by a recent public stock offering for the airline. In addition to owning Pacific Southwest Airlines, San Diego-based PSA Inc. is active in aircraft leasing and energy sales and production. The PSA Inc. board will vote on the name change at a Nov. 18 meeting.
BUSINESS
October 23, 1986 | GREG JOHNSON
Benefitting from a strong performance by its Pacific Southwest Airlines subsidiary, San Diego-based PSA Inc. on Wednesday reported a 5% increase in net income to $9.6 million and a 16% rise in revenues to $243 million for the third quarter ended Sept. 30. For the nine months PSA Inc. reported a $9 million net loss and revenues of $682 million, up 15%, for the nine-month period. The parent company reported a $16.4 million net profit a year ago.
BUSINESS
October 20, 1986
To prevent confusion between itself and its Pacific Southwest Airline subsidiary, PSA Inc.'s board of directors has proposed that the holding company's name be changed to PS Group Inc. Shareholders will vote on the proposed name change at a special shareholders meeting Nov. 18 in San Diego.
BUSINESS
June 4, 1986 | GREG JOHNSON, Times Staff Writer
PSA Inc. on Tuesday broke with past practice and offered a portion of its Pacific Southwest Airlines subsidiary to the public, announcing an offering of three million shares of common stock that could raise as much as $24 million. The offering, which was described as a "positive" move by airline industry analysts, would make available to the public airline common stock that previously had been held only by PSA Inc., the San Diego-based parent company of Pacific Southwest Airlines. PSA Inc.
BUSINESS
February 20, 1986 | GREG JOHNSON, Times Staff Writer
Despite a $648,000 net loss on airline operations and an $11.9-million write-down by its oil and gas operation, PSA Inc. on Wednesday reported that its net income rose 111% to $26.8 million and revenues rose 13% to $779.9 million for the year ended Dec. 31. PSA Inc. reported that for the fourth quarter, net income rose 262% to $10.5 million and revenues rose 19% to $202.3 million. The performance of PSA Inc.'s aircraft leasing subsidiary, which benefited from $8.
BUSINESS
June 4, 1986
Breaking with past practice, the San Diego-based firm said it will sell a portion of its Pacific Southwest Airlines subsidiary to the public through an offering of 3 million shares of common stock that could raise as much as $24.7 million. PSA Inc. hopes to sell the common shares for between $7.25 and $8.25 per share. Even after the offering, PSA Inc. will retain control of the airline through ownership of 74% of the airline's 13.5 million common shares and all of its 13.
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