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Some

Walt Disney Co.

shareholders may try to oust Chairman George Mitchell, the New York Post reported. Proxy advisory firms may also call for his removal after the newspaper reported that Mitchell withheld a lukewarm evaluation conducted by an executive search firm of Chief Executive Robert Iger from the rest of the entertainment giant’s board before Iger was chosen to replace Michael Eisner.

In December, Mitchell and said he would not step down from the board at the 2006 annual meeting, despite Disney rules requiring directors to resign once they turn 72, Mitchell’s current age. The annual meeting will be held March 10 in Anaheim.

– Molina Healthcare Inc.

agreed to acquire HCLB, Inc., the parent company of Southfield, Mich.-based CAPE Health Plan Inc. Terms of the deal were not disclosed. Upon closing of the transaction, Molina and CAPE combined will serve about 150,000 Medicaid members in Southeastern Michigan and approximately 231,000 members statewide. The transaction is expected to close during the first half of 2006. Long Beach-based Molina will fund the acquisition through available cash and by drawing on its credit facility.

– Warner Music Group Corp.

agreed to make its music catalog available as ringtones to the more than 74 million users of Skype Technologies SA’s Internet phone service. Skype, which was acquired last year by eBay Inc., is expected to sell the ringtones for $1.50 each. The deal, which is the first of its kind for both companies, will debut in two months. Warner’s artists, including Madonna and Green Day, are part of the agreement.

– Gemstar-TV Guide International Inc.

inked an agreement to have Cox Communications Inc. start providing on-demand TV Guide service. Cox, which already distributes the TV Guide Channel, will offer Gemstar’s on-demand service, TV Guide SPOT, as well as its interactive program guides. SPOT offers viewers previews of upcoming television shows and other services. Gemstar will work with Cox on developing technology that will enable Gemstar’s interactive program guides to be used on the full range of digital receivers in use across Cox’s systems.

– East West Bancorp Inc.

, the largest Chinese-American bank in the U.S., said that Dominic Ng, its chairman, president and chief executive, planned to exercise stock options valued at roughly $37 million, through sales over the next two years. Ng owns 639,750 shares of the San Marino-based bank at an option price of $5 a share and 800,000 shares at an option price of $16.91 a share.

– Teledyne Technologies Inc.

completed its $40.6 million purchase of Benthos Inc. The deal was approved by Benthos shareholders on Jan. 27. The L.A.-based electronic components and instruments provider will pay $17.50 in cash per share of Benthos, a manufacturer of oceanographic products and automated quality control instruments. Teledyne funded the acquisition primarily from borrowings under its $280 million credit facility.

– Saehan Bancorp

reported fourth-quarter net income of $2.3 million (22 cents per share), compared with $1.2 million (12 cents) for the like period a year earlier.

The L.A.-based holding company for Saehan Bank had a provision for loan losses of $191,000 versus a provision of $300,000 in the prior year. Total assets rose 39.2 percent to $513.1 million at Dec. 31 from $368.7 million in the year-prior period. Net interest income, before provision for loan losses, rose to $6.2 million from $3.9 million a year earlier.

– Optical Communication Products Inc.

reported first-quarter net income of $1.1 million (1 cent per share), compared with a loss of $31,000 (breakeven) for the like period a year earlier. Revenue for the Woodland Hills-based fiber optic subsystems manufacturer rose 26.6 percent to $17.7 million from $14 million in the year-prior period.

The company expects second-quarter revenue to be within the range of $17 million to $19 million.