Business Briefs: Korn/Ferry, North American Scientific, Disney, DirecTV, Countrywide, OSI Systems, Sew Cal Logo

0



– Korn/Ferry International Inc.

, an L.A.-based executive search company, reported net income of $11.7 million (27 cents per diluted share) for the fourth quarter ended April 30, compared with $8.7 million (21 cents) for the like period a year earlier. Revenue rose to $131 million from $103.7 million in the year-ago period.


The company expects first-quarter fee revenue in the range of $120 million to $127 million and diluted earnings per share between 24 cents and 28 cents.



– North American Scientific Inc.

, a Chatsworth-based radiation oncology products producer, reported a net loss of $3.93 million (24 cents per diluted share) for the second quarter ended April 30, compared with a loss of $3.91 million (38 cents) for the like period a year earlier. Revenue rose to $9.1 million from $3.5 million in the year-ago period.


The company attributed the increase in revenues primarily to the acquisition of Nomos Corp., which was completed on May 4.



– Walt Disney Co.

said its Internet business acquired Minds Eye Productions, a U.K.-based developer of TV-based games, for an undisclosed sum. Founded in 1995, Minds Eye has about 20 employees and has developed games such as an interactive TV version of the Monopoly board game and the game show “Who Wants to Be a Millionaire?” Minds Eye will maintain its offices in Milton Keynes, England. In August, Disney started its first interactive, TV-based game in Britain called “Disney Channel Play” on Sky.



– DirecTV Group Inc.

said two units would privately offer up to $1 billion in senior notes due 2015. The El Segundo-based satellite television operator plans to use the proceeds from the offering to repay $500 million of borrowings under its current senior secured credit facility, and will hold the rest for general corporate purposes, the company said in a statement.



– Countrywide Financial Corp.

plans to sell $500 million of five-year notes on Wednesday. It will be the company’s first sale of fixed-rate debt since Sept. 13, when it issued $1.25 billion of 4.125 percent coupon five-year notes. Bank of America Corp., Countrywide Securities, HSBC Holdings Plc, JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. are managing the debt sale for Calabasas-based Countrywide.





Spacelabs Medical, a division of Hawthorne-based

OSI Systems Inc.

, received a $6.3 million contract from the University of Missouri Hospitals & Clinics, Missouri Rehabilitation Center and the Columbia Regional Hospital to manufacture an advanced patient-monitoring system. Delivery of most of the systems is expected by the end of the fourth quarter



– Sew Cal Logo, Inc.

, an L.A.-based film wardrobe and surf wear manufacturing company, acquired the assets of Action Shirts for an undisclosed amount of cash and stock. Action Shirts, also known as “Hangtime,” has operating in Huntington Beach since 1978.

No posts to display