Business Briefs: J2 Global, KB Home, Aerospace Corp.

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Less than two weeks after


J2 Global Communications Inc.

announced it would delay filing its annual report due to a likely “material weakness” in its internal controls, the L.A.-based E-mail fax and messaging service filed its report for fiscal 2005. The company said its full-year earnings fell to $2 per share from the previously reported $2.08 per share. Its 2005 revenue of $143.9 million remained as reported. J2 Global also revised its anticipated fiscal 2006 tax rate to between 29 percent and 31 percent from the previously disclosed 27 percent.


The company will release its first-quarter results on April 25.



– KB Home

said it priced an offering of $300 million in senior notes due 2018 under a registration statement filed with the Securities and Exchange Commission. The notes are guaranteed by KB Home subsidiaries. Banc of America Securities LLC is the sole manager of the offering, which is expected to close around April 3.



– Aerospace Corp.

was awarded a five-year, $9.4 million contract by NASA for design, engineering analyses and testing related to space flight operations. The El Segundo-based company will also evaluate engineering designs of delivery systems and spacecraft platforms, and determine the impact of command, control and communications links between the spacecraft ground control stations and the space based systems. The work will be performed at Aerospace’s facilities and at NASA’s Johnson Space Center in Houston, Texas.

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