– Guess Inc.
said its comparable-store sales rose 6.4 percent for the four weeks ended Aug. 27, beating analysts’ estimates of growth of 5.9 percent. Total retail sales for the Los Angeles-based apparel and accessories company rose 16.4 percent to $53.4 million from $45.9 million a year earlier. Guess operates 302 retail stores in the United States and Canada, and distributes its products through department and specialty stores worldwide.
– Walt Disney Co.
is recalling about 12,900 red children’s sunglasses sold via its themeparks, resorts and branded cruise line because the red paint on them contains high levels of lead. The recalled sunglasses, which are a solid red color and have dark plastic lenses, were sold with either a navy blue toddler cap featuring the character Mickey Mouse or a light blue toddler cap with the character Stitch. The sunglasses are attached to the bills of the caps. The items were sold for about $16 at the Disneyland Resort, The Walt Disney World Resort, Disney’s Vero Beach Resort in Florida and the Disney Cruise Line from November 2004 through June 2005.
The U.S. Consumer Product Safety Commission, which issued the voluntary recall, said the lead in the paint is toxic if ingested by young children and can cause adverse health effects. There have been no injuries or incidents reported.
– Computer Sciences Corp.
signed a 5-year, $135 million information technology outsourcing agreement with British Nuclear Group, a business organization within British Nuclear Fuels PLC. The agreement calls for El Segundo-based Computer Sciences to provide desktop services, software applications support, networks, computing, telecommunications and managed security for the nuclear management group. The company will also help implement a project to upgrade British Nuclear Group’s infrastructure.
Computer Sciences said the new contract follows a five-year outsourcing contract between the companies signed in 2000.
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Tenet Healthcare Corp. completed its sale of the Brotman Medical Center to a group that includes physicians on the staff of the hospital, a subsidiary of Culver City-based
Prospect Medical Holdings Inc.
and private investors from the community. Prospect Medical Holdings bought a $1 million minority stake in the medical center.
Dallas-based Tenet said after-tax proceeds, including the liquidation of working capital, are expected to be approximately $27 million. Culver City-based Brotman is one of 27 hospitals Tenet announced it was divesting on Jan. 28, 2004.
– Global ePoint Inc.
announced that its Global AirWorks division has received additional orders of $1.8 million under its contract to supply South American company Avianca Airlines with aviation-related equipment and services. The new orders increase the value of the contract to $9.1 million. The follow-on orders are related to the City of Industry-based company’s Cockpit Door Surveillance System, IN Flight Entertainment Retrofit Program and In-Seat Laptop Computer Power System, all of which enhance security and safety, fuel savings and passenger convenience.
