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BUSINESS
July 12, 2006 | From Bloomberg News
Auto parts maker Delphi Corp. said its fourth-quarter 2005 net loss narrowed from a year earlier when the company had a tax-related write-off. The loss was $828 million, compared with a $4.9-billion loss a year earlier, including a $4.7-billion charge relating to deferred tax assets. Sales declined to $6.8 billion from $7 billion, while the portion of revenue from companies other than General Motors Corp. rose 7% to $3.7 billion. Troy, Mich.
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BUSINESS
February 2, 2013 | Michael Hiltzik
Ken Rakusin is frustrated. You would be too. Since 2009, the owner of Gordon Brush Manufacturing Co. has been trying to expand his 51,000-square-foot City of Commerce factory by 20,000 square feet. That would mean a larger factory floor, more office space for the engineers who work with customers to design new products, conference rooms, a spacious cafeteria. It would mean room to expand beyond Rakusin's current workforce of 85. More sales. Higher payroll. More property tax, sales tax, income tax. A $1.5-million investment in construction alone.
NEWS
April 30, 1999 | From Times Wire Reports
New Hampshire found a way out of its school funding jam without imposing a state income tax. The state approved an $825-million school spending plan that relies primarily on a new, uniform, statewide property tax. The plan allows New Hampshire to maintain its status as one of only two states with no general income tax or sales tax. Alaska is the other. Eight other states have no state income tax.
BUSINESS
March 14, 1989
St. Ives Laboratories said its earnings more than tripled to $421,000 in the fourth quarter that ended Dec. 31 from a year earlier, although the profit was boosted by income from investments and a lower tax rate. Sales climbed 8% in the quarter to $22.9 million. The Chatsworth maker of hair care products said it earned $4.5 million in 1988, up 10% from 1987. Sales increased 18% in the year to $103.9 million.
BUSINESS
November 2, 2007 | From Times Wire Reports
Gemstar-TV Guide International Inc. said third-quarter profit rose sevenfold because of a tax benefit as sales climbed 7.1%. Net income increased to $123.2 million, or 29 cents a share, from $17.5 million, or 4 cents, a year earlier, the Los Angeles company said. The results included a $111.4-million tax benefit. Sales rose 7.1% to $159.6 million. The company put itself up for sale in July at the behest of Rupert Murdoch's News Corp., which has a 41% stake. Gemstar shares fell 29 cents to
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