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Updated: 3/10/2010 12:51:11 PM
AeroVironment’s Quarter Disappoints
Hurt by delays in orders for its military drone aircraft, AeroVironment Inc. reported lower-than-expected net income for the fiscal third quarter and provided a more cautious full-year outlook.
Reed’s Buys Soda Competitor
Shares of Reed's Inc. jumped 13 percent Tuesday after the Los Angeles gourmet soda maker said it planned to acquire Seattle competitor Jones Soda Inc. for about $9.8 million in cash and stock.
Saehan Gets Cash Infusion
The Koreatown parent of Saehan Bank, ordered by regulators to shore up its capital levels amid substantial loan losses, has privately negotiated a $60.6 million common stock sale to a group of investors.
Colony Offers Helping Hand to Leibovitz
Colony Capital LLC has entered into a long-term agreement with Annie Leibovitz to help the celebrity photographer manage her debt and stay out of bankruptcy.
Korn/Ferry Swings to Profit
Despite a continued slow pace in hiring in the overall economy, staffing company Korn/Ferry International said it moved to a profit in its fiscal third quarter on higher revenue.
DirecTV Issues New Debt
Satellite TV provider DirecTV Inc. has priced about $2.98 billion in new debt that it plans to use for general corporate purposes, share repurchasing and possible repayment of some earlier debt.
Northrop Drops Out of Tanker Competition
Northrop Grumman Corp. said it will not compete for the U.S. Air Force's multibillion-dollar aerial tanker contract.
More Latest Local News...
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Film Review at Heart of Suit Against Variety
In a step that is unusual even for litigation-heavy Hollywood, the maker of “Iron Cross,” a small independent film that has yet to find a distributor, charged in a complaint that the trade paper Variety had damaged the movie. |
Runaway Film Production Is Star of This Movie
Film industry veteran Mike Kehoe is hoping his latest production will promote awareness about the economic consequences in Southern California of so-called runaway production. |
Caruso Targets Airport Business
Developer Rick Caruso is looking to expand his retail empire to airports across the country, including Los Angeles International. |
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