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BUSINESS
March 5, 2008 | From Bloomberg News
Shares of Safeway Inc. rose Tuesday after Chief Executive Steve Burd said he might sell or "monetize" part of its Blackhawk Network gift-card unit because it was undervalued. Burd also reiterated the company's 2008 forecast. Shares of Pleasanton, Calif.-based Safeway climbed $1.25, or 4.4%, to $29.70, the biggest gain since Jan. 16. The shares are down 13% this year.
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BUSINESS
July 11, 1997 | (Bloomberg News)
The price of PairGain Technologies Inc. shares fell 9% Thursday after the telecommunications equipment maker reported second-quarter earnings that didn't meet analysts' estimates. In addition, UBS Securities Inc. in New York downgraded the company's stock to "hold" from "buy" as it lowered PairGain's earnings estimate this year to 63 cents a share from 68 cents. PairGain's stock fell $1.69 a share to close at $16.
BUSINESS
June 6, 1995
MiniMed Inc., a Sylmar maker of devices used to manage diabetes, has told the Securities and Exchange Commission that it will sell 2.5 million shares of common stock worth about $32.5 million in an initial public offering of stock. Smith Barney Inc., Dillon Read & Co. Inc. and UBS Securities Inc. are the underwriters. Proceeds of the sales after fees are expected to be $29.7 million. An additional 750,000 shares of stock will be offered by Alfred E. Mann, chairman and CEO of MiniMed.
BUSINESS
August 29, 1996 | From Associated Press
More leading Japanese companies are pessimistic about the country's economic recovery, according to a closely watched central bank survey released Wednesday. Results from the quarterly "Tankan" survey came in below forecasts and were interpreted by financial markets as a sign that the Bank of Japan will keep interest rates low in order to keep stimulating the economy.
BUSINESS
January 15, 2010
Who profited most from CalPERS Top placement-fee earners paid by private investment firms for acting as go-betweens with the California Public Employees' Retirement System, as reported to CalPERS and released by the pension agency Thursday. The fees cover dealings with CalPERS over the last decade. 1. Arvco: $58,948,067 2. Tullig Inc.: $16,950,000 3. Donaldson, Lufkin & Jenrette Securities Corp. : $12,310,020 4. Credit Suisse First Boston Corp.
BUSINESS
January 20, 1994 | From a Times Staff Writer
Due to lower loan charge-offs, BankAmerica Corp. reported improved fourth-quarter and annual earnings Wednesday. The parent of Bank of America said its quarterly profit was $496 million, up 5% from $486 million in the fourth quarter of 1992. For all of 1993, BofA's profit was $1.95 billion, up 31% from $1.49 billion in 1992.
BUSINESS
January 6, 1989 | From Reuters
Digital Equipment Corp., the company that invented the minicomputer, is now trying to convince its customers that it is just as serious about desktop computers. The company hopes to make a big splash Tuesday with the announcement of a host of new desktop models, marking a move from expensive minicomputers to more down-market personal computers. The effort represents a major change in attitude for one of the world's three largest computer companies, industry analysts said.
BUSINESS
June 5, 1997 | JOHN O'DELL, TIMES STAFF WRITER
Powerwave Technologies Inc. said Wednesday it plans a secondary stock offering of 3 million shares that will give some of its key executives, employees and financial backers an opportunity to cash in on the firm's growth since its Dec. 6 initial offering. The company's registration statement, filed with the Securities and Exchange Commission, does not give a date for the sale and a spokesman said none has been set.
BUSINESS
April 12, 2008 | From Bloomberg News
Delta Air Lines Inc. and its pilots agreed in principle Friday on a contract that would clear the way for a merger with Northwest Airlines Corp. to create the world's largest carrier, people familiar with the talks said. An accord would raise pilots' pay and give them an equity stake in the combined airline, which would keep Delta's name and Atlanta headquarters, said the sources, who requested anonymity. Some terms are still being negotiated, two of the people said.
BUSINESS
January 11, 2006 | From Bloomberg News
Inventories at U.S. wholesalers rose 0.4% in November as companies accelerated their restocking efforts after hurricane-related supply disruptions, the Commerce Department said Tuesday. Adding more goods to inventory helped boost the economy in the final three months of the year and will help fuel growth in coming months at the same time production increases, economists said. The inventory-to-sales ratio, or the amount of time goods stayed on wholesalers' shelves, increased slightly to 1.
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