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August 5, 2008 | From Times Staff and Wire Reports
Reliance Steel & Aluminum Co. said it had completed the acquisition of a smaller metal processor from Beverly Hills buyout firm Platinum Equity in a deal valued at $1.1 billion. The purchase of PNA Group Holding Corp. of Atlanta extends a string of more than 40 acquisitions for Reliance, North America's largest metal processor, since the L.A. company went public in 1994.
December 16, 2013
The company: Reliance Steel & Aluminum Co. Headquarters: Los Angeles Ticker: RS Employees: 14,000 Leadership: David Hannah, chief executive since 1999 2012 revenue: $8.4 billion 2012 net income: $404 million Stock price: $72.34 at Friday's close 52-week range: $59.16 to $76.78 P/E ratio: 17, based on estimated 2013 earnings Quarterly dividend: 33 cents, a current yield of 1.8%
July 18, 2008 | From Times Wire Services
Shares of Reliance Steel & Aluminum Co. fell 7.9% after the Los Angeles distributor of metal products said it might sell as many as 7.76 million new shares to help fund the acquisition of PNA Group Holding Corp. The company's stock price dropped $5.66 to $66.13. Before Thursday, the stock had gained 32% this year. Reliance also reported that second-quarter net income rose 27% to $156.6 million, or $2.12 a share, from $122.8 million, or $1.59, a year earlier. Sales rose 10% to $2.1 billion.
December 16, 2013 | By Stuart Pfeifer
You've probably never heard of Reliance Steel & Aluminum Co. And that's a little bit frustrating to David Hannah, who has guided the Los Angeles company to staggering growth since he was named its chief executive 14 years ago. "It seems in Southern California if you aren't in media or entertainment, you don't get noticed," he said. Reliance's business model isn't exactly sexy. The metal service center company buys bulk metal from steel mills, processes it and sells it to machine shops and other businesses.
June 30, 1995
I loved Bob Sipchen's article on "Rangers in Paradise" (May 21). His writing was sensitive, witty and informative. His topic was a real highlight. We definitely do need more self-reliance. It is what made America great. If we want to stay on top and be proud as a nation and as individuals--also, if we wish to be free--we must be self-reliant instead of always looking elsewhere for the blame and solution to our problems. VIRGINIA CHRISTIANSEN San Diego
September 30, 2001
Rather than "rebuilding" our military at the cost of untold billions, as the conventional wisdom suggests we do in response to Sept. 11, why not use that treasure to hasten the replacement of our gas-guzzlers with fuel-cell and hybrid gas/electric vehicles? Not only would we rid ourselves of our deadly reliance on Middle East oil but also stimulate our economy. Barry Dantzscher Van Nuys
February 14, 2000
Supporters of Proposition 1A claim that it is an "Indian self-reliance" measure. Rather, it is the epitome of a "reliance on others" measure. Supporters would have the voters believe that passage of this measure will improve the quality of life for American Indians. The measure, they contend, will improve education and medical care for the Indians. But how, if at all, will this be accomplished? Through the gambling losses of Indians and non-Indians alike at the proposed legalized casinos to be built on Indian-owned land.
August 2, 1997
I read, with disgust, of Troy Percival's troubles, blowing save after save, then Terry Collins whimpering, "He's tired." From what? Pitching three innings scattered over three outings? His problem is total reliance on a fastball that sails straight and true at 95 mph and leaves the park straighter and truer at 100. He'd better learn to throw other pitches before he learns that a straight line is the shortest distance between Anaheim and Vancouver. STAN KAPLAN Garden Grove
April 20, 2008
Your article "Jobless benefit phones jammed" (April 9) described the frustrations that some laid-off workers have when they try to file for benefits by phone. Unfortunately, the article ignored the progress that the Employment Development Department has made in reducing delays at call centers -- despite a spike in claims, an unprecedented cut in federal funding and reliance on a 30-year-old computer system that we are replacing. In March, we answered nearly twice as many calls a day as we did in January, and reduced by 55% the number of calls that went unanswered the prior March because agents were busy with other claimants.
March 1, 2000
Your Feb. 21 editorial rightly questioned the value of Prop. 25. The public wants to take money out of politics, but Prop. 25 does not do that. A reference was made to the Clean Money election reforms enacted in Maine, Massachusetts, Vermont and Arizona. Those states have eliminated a candidate's direct reliance on large contributions from special interests and corporations. Publicly funded candidates would not be beholden to such private contributors and, therefore, they could devote themselves to looking after the public's interests.
June 23, 2013 | By Louis Sahagun, Los Angeles Times
The Los Angeles Department of Water and Power plans to build the world's largest groundwater treatment center over one of the largest Superfund pollution sites in the United States: the San Fernando Basin. Two plants costing a combined $600 million to $800 million will restore groundwater pumping of drinking water from scores of San Fernando Valley wells that the DWP began closing in the 1980s, the utility said. The plants also will ensure that other wells remain open despite pollution plumes steadily migrating in their direction.
March 19, 2013 | By Kate Linthicum, Los Angeles Times
Los Angeles officials are speeding up plans to end the city's reliance on coal-powered energy, a move that could help Mayor Antonio Villaraigosa's drive to burnish his legacy as an environmental leader. On Tuesday, commissioners at the Department of Water and Power moved forward with plans to dump the utility's interest in a coal-burning plant in Arizona and convert another one in Utah to natural gas. The plants provide nearly 40% of the city's energy. The changes, coupled with new commitments to renewable power, would make the city coal-free by 2025, utility officials said.
February 6, 2013 | By Ricardo Lopez, Los Angeles Times
Although the state's unemployment rate is at its lowest level in almost four years and the number of employed Californians is growing, labor experts see a different reality: Full-time work has faded in many industries. Nubia Calderón Barillas, 32, left a job in retail in May for a housekeeping job at the Holiday Inn LAX that promised better pay and steady work. But nearly nine months later, the mother of three said, she rarely works more than two days a week. She has asked for more hours, she said, but to no avail, even in an industry that set a new peak employment level last year.
December 24, 2012 | Bloomberg News
Even before the Christmas tree went up at 124-year-old Bucherer watch boutique in the lakeside town of Lucerne, Switzerland, the shop was already planning decorations for the year of the snake. Chinese symbols marking the start of the lunar new year Feb. 10 will greet the busloads of Asian shoppers who visit Lucerne every day and invite them inside to see watches from Tag Heuer, Rolex and more than 20 other brands. Less than half the timepieces bought at the Lucerne store in December may be for Christmas, said Joerg Baumann, Bucherer's marketing director.
December 9, 2012 | By Jeffrey Fleishman and Reem Abdellatif, Los Angeles Times
CAIRO - Egyptian President Mohamed Morsi faces legions of enemies, but the military has been a quiet, if uncomfortable, ally following assurances that the army's power and billions of dollars of business interests would not be upset by the Islamist-led government. The generals and the Muslim Brotherhood, with which Morsi was long associated, are the nation's dominant forces, onetime adversaries who have reached, at least for now, a strategic understanding amid widening unrest. The military - its reputation damaged during months of what many considered oppressive rule after last year's overthrow of Hosni Mubarak - wants to avoid presiding over the nation's turbulent political passions.
November 7, 2012 | By Mike Bresnahan
Almost every Lakers coach has said it since 1996, with the exception of Del Harris . He was lucky enough to get a young, vibrant Kobe Bryant . Phil Jackson , in his second tour with the Lakers, wanted to limit Bryant's playing time. So does current coach Mike Brown . Rudy Tomjanovich might have wanted the same thing too, but his tenure was, uh, a little short. Lakers coaches say they want to curb Bryant's chances of injury and stress on a now-34-year-old body that has logged 51,166 career minutes.
March 15, 1990
As I read David Treadwell's article (March 5) on the middle-class backlash against the poor, I kept wondering if the people who are hassled and inconvenienced by the panhandlers and the homeless ever ask themselves why this situation exists? Could it be that we are seeing the ugly underbelly of capitalism? A heretical thought I know. The philosophical basis of capitalism is the individual's acquisition of wealth. The individual is all; the group is irrelevant. But just as communism's fatal flaw was too much reliance on the individual's ability to share completely with the group, capitalism's fatal flaw is placing too much weight on the individual alone.
August 6, 2000
"A Climate of Despair Nears Critical Mass at U.S. Labs" (July 30) focused on the national laboratories' upset over the interruption of nuclear research and development due to security breaches and the ensuing investigations. Despair ought be more fundamental. What it should focus on is the taxpayer dollars and intellectual capital that needlessly are being spent to "enhance" a nuclear arsenal that sufficed against the Soviet Union. We do not need three weapons laboratories to sustain the capability against rogue states, the Russians or Chinese.
October 26, 2012 | By Diana Marcum, Los Angeles Times
MONO PASS TRAIL - Mary Breckenridge crosses the High Sierra every year, with only her horse and two mules for company. She always leaves in September, when heat still tents the Central Valley but cool mountain breezes stir silvery-green aspen leaves. Higher up, the nights could be so cold that the water in her coffee pot turned rock-hard. It's happened. She kept going. Packing and unpacking 300 pounds of gear daily, making and breaking camp, starting her fire from twigs. Reporter's notebook: Follow the journey It made her feel thrillingly self-reliant.
October 25, 2012 | By Robert Abele
The 12 men and women featured in Susan Polis Schutz's documentary "Seeds of Resiliency" have all worked awfully hard at overcoming tragedy, even if Schutz herself hasn't done a whole lot to make her film little more than a strung-together collection of interviews set to piano muzak. More like something you'd see at a seminar on perseverance than a movie, the featured interviewees are nevertheless remarkable examples of triumph: a young man born with spina bifida who can do flips in his wheelchair, an escapee of Idi Amin's regime who now helps African refugees, a Korean professor who quickly returned to teaching after becoming a quadriplegic.
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