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BUSINESS
February 1, 1988 | MARTHA GROVES, Times Staff Writer
Back in 1974, a student at Los Angeles' Fashion Institute of Design and Merchandising devised a line of inexpensive, one-size-fits-all knit jackets, skirts, pants and tops that could be worn separately, in layers or any which way. But classmates booed the shapeless garments, and student designer Sandra Garratt put her "modular" idea on a shelf.
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ENTERTAINMENT
February 29, 2008 | Susan Salter Reynolds, Times Staff Writer
WRITING a positive history of the United Fruit Co. is a lot like writing a happy book about the Vietnam War. Yet that's what Financial Times reporter Peter Chapman tries to do with "Bananas: How the United Fruit Company Shaped the World." Thanks to United Fruit, Chapman suggests, "we worry about multinational corporations." We expect more from them than mere profiteering. We expect "Corporate Social Responsibility." Excuse me?
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BUSINESS
August 1, 1985 | United Press International
A Textron Inc. subsidiary has bought the hydraulic filter products business of a Michigan company for an undisclosed price, the Providence-based parent company announced Wednesday.
BUSINESS
July 28, 2003 | Alan Sayre, From Associated Press
The bankruptcy trustee for United Companies Financial Corp., a mortgage lender and a darling of Wall Street that collapsed in 1999, is seeking to recover $1 billion in losses related to alleged fraud and deceit. What makes this case different is that the claim is lodged solely against the company's auditing firm, Deloitte & Touche.
BUSINESS
February 15, 2000 | P.J. Huffstutter
The Sage Group PLC, Britain's biggest maker of accounting software, on Monday completed its acquisition of Best Software Inc. for $445 million. The U.K. group, which runs its U.S. operations out of Irvine, paid $35 a share in cash for Best, a Virginia maker of accounting and financial software applications for the Web. No layoffs are expected at Best, which operates as a wholly owned subsidiary of the British firm. Sage had $499 million in sales last year; Best reported annual revenue of $91.
BUSINESS
June 15, 1998 | Dow Jones
Bax Global's unit in India acquired Overseas Cargo Services India Pvt. Ltd., a customs clearance company based in Dehli, India. Terms weren't disclosed. Bax said Overseas Services specializes in helping customers in the telecommunications and electronic sectors. Irvine-based Bax Global provides cargo management services.
BUSINESS
December 6, 1985 | THOMAS B. ROSENSTIEL, Times Staff Writer
Times Mirror said Thursday that it has agreed to sell 80% of its Publishers Paper division to Jefferson Smurfit Corp., an Illinois paperboard and packaging products company, for $150 million. The sale would divest Times Mirror of much of its newsprint and wood products operations, a goal of the company for several months. In addition to a 20% stake in Publishers Paper, however, Times Mirror would retain 272,000 acres of timberland in Oregon and Washington and its government lumber contracts.
BUSINESS
July 28, 2003 | Alan Sayre, From Associated Press
The bankruptcy trustee for United Companies Financial Corp., a mortgage lender and a darling of Wall Street that collapsed in 1999, is seeking to recover $1 billion in losses related to alleged fraud and deceit. What makes this case different is that the claim is lodged solely against the company's auditing firm, Deloitte & Touche.
ENTERTAINMENT
November 24, 1998 | ZAN DUBIN, TIMES STAFF WRITER
South Coast Repertory has been awarded a three-year, $550,000 grant in a major new initiative to support exemplary California arts organizations and to strengthen the state's arts community, officials announced Monday. The James Irvine Foundation will give SCR $150,000 annually for the next three seasons, plus $100,000 for a computer upgrade as part of its Cornerstone Arts Organizations program, foundation officials said.
BUSINESS
March 14, 2001 | BEN KLAYMAN, REUTERS
Motorola Inc., the world's No. 2 mobile-phone maker, said Tuesday that it will cut 7,000 more jobs as it struggles to strengthen its cell-phone unit amid an industrywide slowdown in sales. The Schaumburg, Ill.-based company said the job cuts--5% of its work force--raise the total in its cell-phone operations this year to 12,000, or 36% of the unit's employees.
BUSINESS
March 14, 2001 | BEN KLAYMAN, REUTERS
Motorola Inc., the world's No. 2 mobile-phone maker, said Tuesday that it will cut 7,000 more jobs as it struggles to strengthen its cell-phone unit amid an industrywide slowdown in sales. The Schaumburg, Ill.-based company said the job cuts--5% of its work force--raise the total in its cell-phone operations this year to 12,000, or 36% of the unit's employees.
BUSINESS
February 15, 2000 | P.J. Huffstutter
The Sage Group PLC, Britain's biggest maker of accounting software, on Monday completed its acquisition of Best Software Inc. for $445 million. The U.K. group, which runs its U.S. operations out of Irvine, paid $35 a share in cash for Best, a Virginia maker of accounting and financial software applications for the Web. No layoffs are expected at Best, which operates as a wholly owned subsidiary of the British firm. Sage had $499 million in sales last year; Best reported annual revenue of $91.
ENTERTAINMENT
November 24, 1998 | ZAN DUBIN, TIMES STAFF WRITER
South Coast Repertory has been awarded a three-year, $550,000 grant in a major new initiative to support exemplary California arts organizations and to strengthen the state's arts community, officials announced Monday. The James Irvine Foundation will give SCR $150,000 annually for the next three seasons, plus $100,000 for a computer upgrade as part of its Cornerstone Arts Organizations program, foundation officials said.
BUSINESS
June 15, 1998 | Dow Jones
Bax Global's unit in India acquired Overseas Cargo Services India Pvt. Ltd., a customs clearance company based in Dehli, India. Terms weren't disclosed. Bax said Overseas Services specializes in helping customers in the telecommunications and electronic sectors. Irvine-based Bax Global provides cargo management services.
BUSINESS
October 26, 1995 | PATRICK LEE, TIMES STAFF WRITER
As part of its continuing effort to cut costs and sharpen its business focus, Occidental Petroleum Corp. said Wednesday that it will consolidate its far-flung U.S. and international oil and gas operations into a single unit to be based in Bakersfield. The consolidation, to be finalized by mid-January, will result in an estimated $100-million annual savings, an undetermined charge in the fourth quarter and the closure of offices in Oklahoma City and Houston, the company said.
BUSINESS
June 20, 1994 | From Reuters
GTE Corp., the world's fourth-largest publicly traded telecommunications company, said Sunday that it has formed GTE Interactive Media, a wholly owned unit to develop entertainment software for the $7-billion video game market. The company, which has its headquarters in Stamford, Conn., said a formal announcement will be made today.
BUSINESS
June 20, 1994 | From Reuters
GTE Corp., the world's fourth-largest publicly traded telecommunications company, said Sunday that it has formed GTE Interactive Media, a wholly owned unit to develop entertainment software for the $7-billion video game market. The company, which has its headquarters in Stamford, Conn., said a formal announcement will be made today.
ENTERTAINMENT
February 29, 2008 | Susan Salter Reynolds, Times Staff Writer
WRITING a positive history of the United Fruit Co. is a lot like writing a happy book about the Vietnam War. Yet that's what Financial Times reporter Peter Chapman tries to do with "Bananas: How the United Fruit Company Shaped the World." Thanks to United Fruit, Chapman suggests, "we worry about multinational corporations." We expect more from them than mere profiteering. We expect "Corporate Social Responsibility." Excuse me?
BUSINESS
June 3, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
Rockwell said Thursday that it is considering alternatives for its switching systems division, including putting the telecommunications equipment unit up for sale. Rockwell, a diversified technology company based in Seal Beach, said it may sell the unit, form a strategic alliance with another telecommunications company or spin off the division through a public stock offering.
BUSINESS
May 19, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Taco Bell Corp. said Tuesday that it will buy the Chevys restaurant company with the intent of making it the first nationwide sit-down Mexican chain. Taco Bell, which with 3,900 restaurants is the predominant force in Mexican fast food, said it hopes to expand Chevys within five years into a chain of at least 300 units. Chevys, based in San Francisco, now has 34 restaurants in Northern California and three in Southern California, including locations in Irvine and Fountain Valley.
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