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ENTERTAINMENT
October 8, 2011
RCA Music Group is slimming down for the holidays by shuttering its Arista, Jive and J Records subsidiaries, a move by new label execs to strengthen the identity of the RCA brand. Artists who have been with those three imprints, which have been home to Britney Spears, Alicia Keys, Rod Stewart, Pitbull, Whitney Houston, Justin Timberlake, Barry Manilow, R. Kelly, Kelly Clarkson, Fantasia, Dido, Jennifer Hudson, Leona Lewis and others, will be shifted to RCA. Jive produced several of the biggest-selling albums of all time in the midst of the youth pop boom a decade ago, including the multi-platinum hits for 'N Sync, the Backstreet Boys and Spears.
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BUSINESS
December 3, 2013 | By Stuart Pfeifer
Huntington Beach surf apparel company Quiksilver Inc. said it sold its snowboard subsidiary, Mervin Manufacturing, for $58 million and plans to sell other non-core businesses as it refocuses its strategy on its top-selling brands. Quiksilver Chief Executive Andy Mooney said the downsizing will enable the company to concentrate on its three core brands - Quiksilver, Roxy and DC Shoes. He said the planned unloading of Surfdome Shops Ltd., Hawk Designs Inc. and its Moskova brand are part of the changes.
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BUSINESS
December 24, 1996 | GREG MILLER
Odetics Inc. said it plans to raise as much as $19.8 million by spinning off the company's ATL Products subsidiary in a stock offering next year. Odetics, an Anaheim-based company that makes a variety of high-tech products, said it plans to sell 1.65 million shares of ATL Products common stock at $10 to $12 per share. ATL Products makes automated tape libraries, or systems used for archival and backup storage of network computer data. Odetics officials declined to comment on the transaction.
BUSINESS
August 5, 2013 | Catherine Green
Edison International, the parent company of Southern California Edison, has had its hands full with the bankruptcy of a subsidiary and the shutdown of the San Onofre Nuclear Generating Station. Now, it is overhauling its operations. The Rosemead company, which oversees the utility that provides power through much of Southern California, began as Los Angeles Edison Electric Co. in 1894 when Visalia streetlight provider Holt & Knupps merged with Electric Light Works. The company has long since branched out beyond its primary utility, establishing power producer Edison Mission Energy, investment arm Edison Capital and coal subsidiary Midwest Generation.
BUSINESS
May 9, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Distributed Logic Corp., a struggling computer peripherals company in Irvine, confirmed Friday that it has liquidated its two subsidiaries in Great Britain. The subsidiaries--Dialog Computer Systems Ltd. and Dialog Computer Products Group--went into receivership April 21 after the company failed to find a buyer for them. The units were acquired in 1987 from Plessey U.K. Ltd., together with Plessey's subsidiaries in Canada and Irvine.
BUSINESS
July 22, 2002 | Bloomberg News
Arthur Andersen Business Consulting, the German consulting business of Arthur Andersen, is merging with Deloitte Consulting, the German unit of Deloitte Touche Tohmatsu's management consulting business, the German business newspaper Handelsblatt said, without citing a source. A letter of intent has been signed, and the companies plan to make the merger public next week, Handelsblatt said.
BUSINESS
June 14, 1994
Is selling U. S. products in Japan really next to impossible? Interlink Electronics, a Camarillo maker of computer control pointers, doesn't think so. The firm has just established a Tokyo subsidiary, Interlink KK, with the goal of increasing its sales in that country. Company President E. Michael Thoben III isn't bashful about his plans, either. "Our Japanese customer base has grown over the last few years," he said.
BUSINESS
May 4, 1987
Champlin Petroleum and Rocky Mountain Energy will be merged into a single operating company called Union Pacific Resources, according to Union Pacific Chairman and Chief Executive William A. Cook. Headquarters for the new subsidiary will be in Fort Worth. Cook said the change will enable UP to make further cost and productivity improvements in the natural resource businesses and to manage them more effectively. UP bought Champlin, the firm's oil and gas company based in Fort Worth, in 1970.
BUSINESS
March 1, 2000 | A Times staff writer
Times Mirror Co., parent of the Los Angeles Times, has agreed to sell its StayWell Co. subsidiary to Havas MediMedia for undisclosed terms. StayWell, based in San Bruno, sells products and services related to health information and is the exclusive publisher of education and training materials to the American Red Cross. Havas, a unit of French conglomerate Vivendi, is a health-care information provider. Times Mirror shares fell 88 cents to close at $51 on the NYSE.
BUSINESS
February 17, 1987
Henley Group has agreed to sell three manufacturing subsidiaries in separate deals that total about $115 million, company officials said Monday. However, Henley will not report a gain on the sale of the two larger subsidiaries because of good will attached to the operations when they were spun off last year to Henley by Allied-Signal. Wolverine, a metal tubing manufacturer based in Decatur, Ala., is being sold to Drake, Goodwin and Co.
BUSINESS
July 18, 2013 | By Marc Lifsher
SACRAMENTO - Southern California Edison Co. has started legal action against the manufacturer of steam generators that failed and forced the permanent closure in June of the San Onofre nuclear power plant on the northern San Diego County coast. As expected, the electric utility filed a formal notice of dispute early Thursday with Mitsubishi Heavy Industries of Japan and its United States subsidiary, Mitsubishi Nuclear Energy Systems. The action sets in motion negotiations that involve finding fault and assessing financial damages.
BUSINESS
July 12, 2013 | By Andrea Chang
Seeking a foothold in the competitive prepaid wireless market, AT&T Inc. has agreed to acquire Leap Wireless International Inc. in a deal valued at about $1.2 billion. AT&T, the nation's second-largest wireless carrier, had been rumored to be in talks with San Diego-based Leap since last year. The purchase is the latest acquisition in an industry that has seen major changes in recent months. Leap, through its Cricket subsidiary, has roughly 5 million subscribers nationwide. It offers low-cost, no-contract prepaid wireless plans and cellphones.
BUSINESS
May 22, 2013 | By Chris O'Brien and Jim Puzzanghera, Los Angeles Times
  WASHINGTON - Apple Inc. Chief Executive Tim Cook was supposed to face a hostile Capitol Hill crowd but instead he wielded the company's popularity like a shield to deflect some of the most aggressive questioning over the company's controversial tax practices. A handful of heated exchanges erupted in the hearing Tuesday before the Senate Permanent Subcommittee on Investigations as lawmakers pressed Cook and two other Apple executives to explain how the company used its Irish subsidiaries to avoid paying billions of dollars in taxes.
NEWS
May 20, 2013 | By Jon Healey
Apple found itself in the uncomfortable position Monday of being labeled a corporate bad guy, drawing fire from senior senators in both parties for using subsidiaries in Ireland to reduce its tax bill. But if Apple has its way, its bitter rival Google will be back in the spotlight Tuesday for its own tax-avoidance strategies. And maybe Apple's example -- as well as its support for an unusually thorough rewriting of corporate tax law -- will push Congress to eliminate loopholes, broaden the base and lower rates.
BUSINESS
November 20, 2012 | Bloomberg News
Federal energy regulators continued their crackdown on manipulation of California's energy market, ordering a Florida firm to pay a fine of $2.5 million and disgorge unjust profits of $911,553 plus interest. On Monday, the Federal Energy Regulatory Commission approved a settlement with Florida energy company Gila River Power, a subsidiary of Entegra Power Group, to pay the fine and penalties. The agreement marked the first time a market participant has admitted to a violation of the federal commission's anti-manipulation rule in an energy trading case, the commission said.
ENTERTAINMENT
August 3, 2012 | By Todd Martens, Los Angeles Times
Angel City Brewing's head brewer, Dieter Foerstner, doesn't need a history lesson on the once-great legacy of beer-making in Los Angeles. During World War I, his great-grandfather brewed for the Los Angeles Brewing Co., which was formed in 1897 and was once the nation's fifth-largest producer. "I was looking for my pop's old recipes, but my great uncle said they never wrote them down," Foerstner said. No matter, as Angel City Brewing under Foerstner is itself undergoing a fresh start.
CALIFORNIA | LOCAL
September 21, 1999
Trio-Tech International, San Fernando, announced that its subsidiary, Universal Systems, has been awarded contracts in excess of $2 million from clients in the United States and Asia for systems used in the manufacture of silicon wafers. Universal Systems, San Jose--a wholly owned subsidiary of Trio-Tech since 1997--develops, manufactures and markets cleaning, rinsing and drying equipment for processing silicon wafers for the semiconductor industry.
BUSINESS
May 18, 2007 | Annette Haddad, Times Staff Writer
KB Home said Thursday that it was in talks to sell its thriving French unit to a private equity firm for more than $800 million, a deal that would infuse the beleaguered home builder with cash and allow it to shed another vestige of its former leader's legacy. Westwood-based KB Home, which is one of the largest builders in the United States, is unique among its peers because it also constructs houses in France.
BUSINESS
May 30, 2012 | By Shan Li, Los Angeles Times
Retail giant Wal-Mart Stores Inc. is facing a wave of protests this week pushing for company leadership changes at its annual meeting Friday. The goal of protesters, organizers said, is to oust some Wal-Mart board members and push for more corporate transparency in the wake of allegations of widespread bribery in the company's Mexican subsidiary. Among the protests is a parade Thursday in Washington, D.C., planned by community activists and some Wal-Mart employees. Wal-Mart did not respond to requests for comment on the protests.
BUSINESS
May 1, 2012 | By Andrea Chang and David Sarno, Los Angeles Times
Barnes & Noble Inc.'s prospects against rivals Amazon.com Inc. and Apple Inc. in the fast-growing digital reader business just got a big lift thanks to a $605-million investment from Microsoft Corp. For the nation's No. 1 bookstore chain, the infusion will help its Nook business better compete against the top-selling Kindle e-reader and iPad tablet computer and relieves some of the pressure on Barnes & Noble to turn a profit on the Nook. It's also a good deal for Microsoft, which is spending barely 1% of its $60-billion cash reserve to gain a bigger presence in the e-reader and tablet markets ahead of the widely anticipated launch of its Windows 8 operating software later this year.
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