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BUSINESS
February 9, 2007 | From the Associated Press
The jockeying to bring the most popular names from TV and the Web to cellphones produced another exclusive deal Thursday with Verizon Wireless nabbing a multiyear agreement to offer ESPN's flashy feed of sports scores, newscasts and video highlights on the tiny screen. The plan to revive Mobile ESPN -- initially born as a full-blown cellphone company that would compete with big players such as Verizon before Burbank-based Walt Disney Co.
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BUSINESS
August 13, 1999 | Leslie Earnest
Stater Bros. Inc., which is nearly doubling its presence in Orange County by acquiring 14 Albertson's and Lucky supermarkets, will reopen three of them Saturday. They will be the first to reopen in Orange County under the Stater Bros. name since the Colton-based chain announced the deal in June. The stores were put on the block when Albertson's Inc. sought to gain regulatory approval to acquire Lucky's parent, American Stores Co., in a $9.8-billion deal.
BUSINESS
April 17, 2000 | GREG JOHNSON, TIMES STAFF WRITER
Linda Kelly earns plenty of frequent-flier mileage traveling to corporate auctions where she bids on such industrial-strength used equipment as Class 100 clean rooms and nitrogen belt furnaces. But as the $100-billion business of disposing of excess corporate assets moves online, the Microsemi Corp. executive plans to spend more time in her Santa Ana office.
BUSINESS
May 10, 1988 | From Reuters
Mohasco Corp., a carpet and furniture maker, agreed on Monday to be taken over by MHS Holding Corp., an investment group, for about $489 million in cash and debt securities. Fairfax, Va.-based Mohasco had been up for sale since February, when Nortek Inc. announced it owned 7% of the company's 13.39 million shares and was considering an all-cash takeover offer. Analysts said Monday's offer of $36.50 a share from the newly formed MHS Holding Corp.
BUSINESS
July 14, 2003 | Sallie Hofmeister, Times Staff Writer
Here's a collection of snapshots, potshots and words from a few hotshots attending the 21st annual Allen & Co. conference, a gathering of media moguls and other business leaders that ended here late Saturday: * Malone's the Favorite Bets are on cable mogul John Malone. The chairman of Liberty Media Corp. recently struck a mega-deal, plunking down $7.9 billion to control QVC, the hugely profitable home shopping cable network best known for selling flashy fake diamonds.
BUSINESS
April 11, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — How does a 28-year-old make $400 million in 18 months? With the right idea at the right time in mobile apps for smartphones. Kevin Systrom won the start-up sweepstakes this week when Facebook Inc. said it would pay $1 billion in cash and stock for his photo-sharing app maker, which has a loyal following of 30 million users but never made a dime. Facebook Chief Executive Mark Zuckerberg called Systrom to personally negotiate the deal for the social media giant, which is expected to fetch a valuation of $100 billion as soon as next month when it begins selling shares to the public.
BUSINESS
May 25, 2005 | From Associated Press
The hand-held computer company that made its name with the Palm Pilot said Tuesday that it was changing its name back to Palm Inc. PalmOne Inc. said it agreed to pay $30 million over 3 1/2 years to the software company it spun off in 2003, PalmSource Inc., for the latter's 55% share of Palm Trademark Holding Co. PalmOne said it expected to change its name to Palm Inc. this year. Shares of PalmOne rose $1.58 to $28.84. Shares of PalmSource rose $1.15 to $10.04. Both trade on Nasdaq.
BUSINESS
December 8, 1998 | (P.J. Huffstutter)
A former president of Shakey's Inc. filed a breach-of-contract suit Monday claiming that the Irvine-based pizza restaurant franchise wrongfully terminated him. Dennis McCart says he is entitled to $200,000 in back pay from the company, according to the suit, filed in Superior Court in Santa Ana. McCart said he signed an employment contract to become the company's president in June 1996.
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