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BUSINESS
December 1, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Fidelity National Financial Inc., an Irvine title insurance company, said Monday that it has agreed to buy a title insurance unit of New York's Helmsley Enterprises Inc., owned by hotel queen Leona Helmsley and her husband, Harry. Fidelity, based in Irvine, has been in a buying mood and apparently can afford it. The company's revenue for the first nine months of 1992 jumped 64%, to $261 million, lifted by a wave of people refinancing their homes to take advantage of low-interest rates.
BUSINESS
December 1, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Fidelity National Financial Inc., an Irvine title insurance company, said Monday that it has agreed to buy a title insurance unit of New York's Helmsley Enterprises Inc., owned by hotel queen Leona Helmsley and her husband, Harry. Fidelity, based in Irvine, has been in a buying mood and apparently can afford it. The company's revenue for the first nine months of 1992 jumped 64%, to $261 million, lifted by a wave of people refinancing their homes to take advantage of low-interest rates.
BUSINESS
October 6, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Fidelity National Financial Inc. said Monday that it has agreed tentatively to acquire Security Title and Guaranty Co. in New York for $21 million in cash. The deal for Security, a subsidiary of Helmsley Enterprises Inc., would give the Irvine parent company for Fidelity National Title Insurance Co. its third large acquisition this year. "We're really excited about this acquisition," said William P. Foley II, Fidelity's president and chief executive.
BUSINESS
October 28, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
A continued heavy dose of home-loan refinancings, along with profits from companies acquired earlier this year, helped Fidelity National Financial Inc. post strong earnings of $3.4 million, or 56 cents a share, for the third quarter. Profit for the parent company of Fidelity National Title Insurance Co. was nearly eight times more than earnings of $446,000, or 9 cents a share, for the third quarter last year. Quarterly revenue nearly doubled to $108.
BUSINESS
February 25, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
Fidelity National Financial Inc., one of the nation's largest title insurance companies, said Thursday that its 1993 profit more than doubled to $36.3 million, or $2.37 a share. That compares with net income of $17.3 million, or $1.30 a share, a year earlier for the Irvine-based company. Revenues for the year rose 47% to $575.4 million, compared to $392.3 million in 1992. William P.
BUSINESS
October 6, 1992 | ANNE MICHAUD, TIMES STAFF WRITER
A dozen Orange County stocks hit their 52-week low Monday as panicky morning selling sent the stock market down nearly 105 points, taking the Dow Jones industrial average to its lowest level of the year. By the end of the day, the market had rallied to close at a loss of only 21.61 points. Traders arrived at work Monday upset about Friday's steep fall, when the Dow lost 53.
BUSINESS
August 29, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
For a hard-charging entrepreneur like William P. Foley II, the title insurance industry was so stodgy and dull in the early 1980s that it was ripe for conquest. So Foley built a title company to fit his aggressive, no-nonsense style; one that now earns him the sobriquet, the "Bruce Lee of title insurers." He introduced marketing and management ideas that inspired employees and caught competitors off guard. In the process, he led Fidelity National Financial Inc.
BUSINESS
October 6, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Fidelity National Financial Inc. said Monday that it has agreed tentatively to acquire Security Title and Guaranty Co. in New York for $21 million in cash. The deal for Security, a subsidiary of Helmsley Enterprises Inc., would give the Irvine parent company for Fidelity National Title Insurance Co. its third large acquisition this year. "We're really excited about this acquisition," said William P. Foley II, Fidelity's president and chief executive.
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