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BUSINESS
May 6, 1997 | ANNETTE HADDAD
SunAmerica continues to clock impressive results as it focuses, laser-like, on becoming a household name for handling the retirement nest eggs of the nation's baby boomers. At No. 4, the top-ranked Los Angeles County company on the overall Times 100 list posted a 43% increase in sales in 1996 and has more than doubled its earnings since 1993. The torrid pace has been fueled by internal growth and a series of shrewd acquisitions.
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BUSINESS
May 6, 1997 | ANNETTE HADDAD
SunAmerica continues to clock impressive results as it focuses, laser-like, on becoming a household name for handling the retirement nest eggs of the nation's baby boomers. At No. 4, the top-ranked Los Angeles County company on the overall Times 100 list posted a 43% increase in sales in 1996 and has more than doubled its earnings since 1993. The torrid pace has been fueled by internal growth and a series of shrewd acquisitions.
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BUSINESS
December 10, 1996 | Times Staff and Wire Reports
Los Angeles-based SunAmerica Inc.'s mutual fund subsidiary SunAmerica Asset Management Corp. named Fidelity Investments marketing executive Per Furmark senior vice president for sales and marketing. . . . Chatsworth-based Cohr Inc. named Sandy D. Morford its president and chief operating officer. . . . Pasadena-based Tetra Tech Inc. said it has signed the final agreement to acquire IWA Engineers Inc. for undisclosed terms.
BUSINESS
November 26, 1997
Los Angeles-based SunAmerica Inc. said Vice Chairman Joseph M. Tumbler, one of the company's two vice chairmen, will resign effective Dec. 31. The financial services company said there were no plans to replace him and that his areas of responsibilities would be reassigned. . . . Santa Monica-based Edward Thomas Cos. said it closed escrow on the beachfront Casa del Mar Hotel in Santa Monica. The site currently houses the Pritikin Longevity Center. . . .
BUSINESS
September 2, 1998 | Dow Jones
Cypress Financial Services Inc. said it has named Manuel Occiano chief executive and a member of its board. Occiano succeeds Rich Keys, who remains with the company in a different capacity, a spokesman said. The spokesman added that Occiano fills a new position on the board. His appointment increases the board to five members. Occiano had been executive vice president and chief operating officer at West Capital Financial Services Corp., a unit of SunAmerica Inc.'s SunAmerica Life Insurance Co.
BUSINESS
June 18, 1996 | Times Staff and Wire Reports
SunAmerica Buys 33% Stake in Danskin: The L.A.-based financial services company also warned that it may seek the authority to purchase more shares in New York-based Danskin Inc. SunAmerica Inc. acquired the Danskin stake from Esmark Inc. through a foreclosure sale, according to a Schedule 13D filed with the Securities and Exchange Commission. SunAmerica, a creditor of the bankrupt Esmark, purchased 2.01 million Danskin shares for $3 each, or a total of $6.03 million.
BUSINESS
December 29, 1995 | Times Staff and Wire Reports
Zenith National Completes Unit Sale: The Woodland Hills company said it completed the sale of its life insurance and annuity businesses to SunAmerica Inc. for $120 million in cash. The purchase gives SunAmerica, a Los Angeles financial services company with $27 billion in assets, a so-called 403(b) retirement savings plan business for teachers and other employees of nonprofit organizations. The sale of the CalFarm Life Insurance Co. unit allows Zenith National Insurance Corp.
BUSINESS
November 20, 1996 | Times Staff and Wire Reports
Los Angeles-based SunAmerica Inc.'s money-management group is launching four mutual funds that are jointly managed by a team of portfolio managers from different firms. SunAmerica Asset Management Corp. said its aggressive-growth fund, for instance, will be overseen by a team of managers from Janus Capital Corp., SunAmerica and Warburg, Pincus Counsellors Inc. The other SunAmerica funds will focus on investing in mid-cap growth stocks, value stocks and international stocks.
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