May 25, 2000 |
Teledyne Technologies Inc., which was spun off from Allegheny Technologies Inc. in November, Wednesday widened a recall of small-aircraft engines to see whether crankshaft flaws it found were more widespread than it thought. Its stock tumbled 12%. The Los Angeles-based company will take a second-quarter, $12-million pretax charge to cover the cost of inspections and replacing crankshafts. Teledyne makes engines and parts for the aerospace industry, as well as avionics and microwave components.
September 15, 1999 |
Pittsburgh-based Allegheny Teledyne Inc., the world's top specialty metals producer, said Tuesday that it plans to spin off its aerospace, electronics and consumer products operations into two separate publicly traded companies in Southern California as early as November. Four aerospace and electronics divisions will unite to form Teledyne Technologies Inc., headquartered in Los Angeles. The company's consumer products division, based in Newport Beach, will become Water Pik Technologies.
November 1, 2002 |
One of the largest medical office complexes in California, a $300-million campus that eventually may include a surgical hospital, is being planned in West Los Angeles. The project by Stonebridge Holdings Inc., near the northwest corner of Bundy Drive and Olympic Boulevard, comes as health-care properties are one of the few strong performers in the commercial real estate industry.
October 27, 2006 |
Computer maker Sun Microsystems Inc. on Thursday posted a narrower fiscal first-quarter net loss as revenue rose 17%, helped by its acquisition of tape storage company StorageTek and growth in its services business. Sun forecast that second-quarter revenue would rise "in the high single digits" from the first quarter. In the last five years, Santa Clara, Calif.-based Sun has completely revamped its product line, embracing Opteron processors from Advanced Micro Devices Inc.
November 25, 1999 |
The Newport Beach-based producer of the Water Pik brand of shower massagers, automatic toothbrushes and pool heating systems strikes out on its own Monday, facing stiff competition from a myriad of much larger corporations. Water Pik Technologies Inc.'s stock officially begins trading on the New York Stock Exchange after the company is spun off by Pittsburgh-based Allegheny Teledyne Inc., the world's top producer of specialty metals.
July 9, 2013 |
A report from a Canadian research organization has again raised the uncomfortable question of whether Silicon Valley's technology is being used by so-called terrorist states to repress their citizens. On Tuesday, the University of Toronto's Citizen Lab released a report that focused on Blue Coat Systems and how its technology apparently is still part of Syria's state-sponsored telecommunications networks and is being used in Sudan...
January 26, 2001 |
Oil and natural-gas explorer Unocal Corp. said Thursday that fourth-quarter profit nearly quadrupled because it boosted production as energy prices rose. Profit from operations rose to $261 million, or $1.04 a share, from $72 million, or 30 cents, a year earlier, Unocal said. Revenue rose 46% to $2.82 billion. Earnings were in line with the $1.03 average estimate of analysts polled by First Call/Thomson Financial. The El Segundo-based company said it expects to earn $2.90 to $3.15 this year.