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Quality Control

BUSINESS
June 21, 1989
Kaufman & Broad Home Corp. : The company, largest single-family home builder in California and third largest in France, said second-quarter net income was up 74% to $19.9 million. Revenue was down 14.5% to $246 million. The company said the decrease is attributable to the fact that 1988 revenue included about $100 million from the sale of Atlantique Montparnasse, a commercial complex to be developed in France. The improved earnings were attributed to both the strong California and French housing markets and to a continued emphasis on improving margins and quality control.
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BUSINESS
August 14, 2002 | Reuters
U.S. regulators have warned Bausch & Lomb Inc. about alleged quality-control problems at one of its plants, including the presence of paint chips in rooms where sterile eye-care products were made. The letter from the Food and Drug Administration said the Rochester, N.Y.-based company failed to adequately investigate the cause of the flaking paint and to take appropriate action. A company spokeswoman said there was no evidence that paint chips made their way into any products.
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