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BUSINESS
July 25, 2001 | From Associated Press and Bloomberg News
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
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BUSINESS
June 5, 2001 | Reuters
Rockwell International Corp. said it set the distribution ratio for its spinoff of the Collins avionics business, giving stockholders one share of the new company for each Rockwell share held. The distribution of Collins shares should occur June 29, the company said. Shareholders of record on June 15 will receive one share of the new Rockwell Collins company, whose stock will be listed on the New York Stock Exchange under the ticker symbol COL. The company will be called Rockwell Automation.
BUSINESS
November 4, 1994 | From Times Staff and Wire Reports
Reliance Electric Is Neutral on Rockwell Bid: The Cleveland-based maker of industrial motors, in taking no position on Rockwell International Corp.'s unsolicited tender offer, cited "many uncertainties and conditions" related to the $1.5-billion cash bid. Reliance also said it still supports its planned merger with General Signal Corp., even though that proposed stock swap is valued at $1.3 billion. Separately, Seal Beach-based Rockwell said the president of its Troy, Mich.
BUSINESS
July 13, 1991 | From Times Staff and Wire Reports
French Buying Rockwell Unit: Alcatel NV has agreed to buy a Dallas-based division of Rockwell International Corp. for $625 million, a move that analysts said would enhance the French telecommunications firm's position in the United States. Alcatel is buying Rockwell's Network Transmission Systems, a leading supplier of transmission systems for voice, image and data traffic. "The Rockwell acquisition gives us the possibility of becoming No. 2 (behind AT&T) in line transmission in the U.S.
BUSINESS
December 30, 1991 | Dean Takahashi, Times Staff Writer
Donald R. Beall, a Corona del Mar resident and the top executive of an $11.9-billion company, no longer needs to take a helicopter to work. After moving its headquarters from El Segundo to Seal Beach last week, Rockwell surpassed Fluor Corp. as Orange County's biggest company. Despite a gloomy, short-term outlook, Beall expects the diversified technology company's revenue to grow at an average annual rate of 7%, including 2% a year in defense, through 1996.
BUSINESS
June 13, 1989
Rockwell International Corp. in Thousand Oaks won two contracts totaling $468,723 to conduct studies for Navy.
BUSINESS
June 23, 1988
Rockwell International Corp.'s Collins Defense Communications division received a $4.6-million Air Force contract for telephone equipment.
BUSINESS
June 7, 1989
Rockwell International Corp. in Canoga Park, won an $8.3-million contract for oxygen iodine laser studies.
BUSINESS
April 13, 2001
* Ameritrade Holding Corp. said it cut 270 to 300 jobs, as much as 76% more than the firm said it planned last month, as declines in U.S. stocks curtailed online trading. The company also said it will reduce its $200-million advertising budget by as much as 30%, or $50 million to $60 million. * Coca-Cola Enterprises Inc., the largest bottler of Coca-Cola Co. beverages, named Vice Chairman Lowry Kline chief executive, succeeding Summerfield Johnston Jr., who is retiring.
BUSINESS
January 17, 2001 | From Bloomberg News
Southwest Airlines Co. said fourth-quarter profit rose 65% as the largest low-fare carrier flew more passengers, used contracts to lessen the effect of higher fuel prices and increased fares. Net income grew to $154.7 million, or 29 cents a share, from $93.8 million, or 18 cents, in the year-earlier quarter, on a 22% rise in revenue to $1.47 billion, the Dallas-based company said.
BUSINESS
October 25, 2000 | Bloomberg News
Rockwell International Corp.'s aviation unit agreed to buy the parent of Kaiser Aerospace & Electronics Corp. for $300 million, only a day after General Electric Co. said it will buy Rockwell rival Honeywell International Inc. Rockwell Collins signed a definitive agreement to buy Foster City, Calif.-based K Systems Inc., the holding company for Kaiser Aerospace, a maker of display products for fighter aircraft and related products for the defense industry, the Milwaukee-based Rockwell said.
BUSINESS
September 18, 1999 | Bloomberg News
Rockwell International Corp.'s avionics division sued Hughes Electronics Corp., claiming Hughes failed to disclose vital information about a subsidiary sold to Rockwell in 1997. Rockwell alleges that Hughes failed to disclose that its Hughes-Avicom International Inc. wasn't complying with a contract to design and build a communications interface for Boeing Co.'s 747s and 767s.
BUSINESS
August 17, 1999
Costa Mesa-based Rockwell International Corp. said Monday it agreed to sell its North American Transformer business, based in Milpitas, Calif., to SPX Corp. Terms of the transaction were not disclosed. The deal is expected to be completed by the end of September, subject to regulatory review. North American Transformer manufactures large-power transformers for the electric utility industry. It is part of the Rockwell Automation business unit.
BUSINESS
October 23, 1998 | Bloomberg News
Jodie Glore, president and chief operating officer of Rockwell International Corp.'s largest unit, has resigned to become chief executive of Iomega Corp., a maker of data-storage products, the companies said Thursday. Glore's duties at Rockwell are being assumed by Don Davis, the company's chief executive, until a successor is found "within the month," Rockwell said.
BUSINESS
June 25, 1985 | (DJ)
The Rocketdyne division of Rockwell International Corp. received a $10-million Air Force contract for research on the "Star Wars" program.
BUSINESS
May 19, 1990
Rockwell International Corp. in Anaheim won a $182,910 contract from the Air Force to supply nuclear ordnance.
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