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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
Lingerie Company No Longer Conceals Problems
Frederick’s of Hollywood hires adviser to pursue possible sale.Frederick’s of Hollywood sheds inhibition about nakedly pursuing a buyer. May 14, 2012 midnight $$ ShareSkechers to Pay $45 Million in Deceptive Advertising Case
Skechers USA Inc. has agreed to pay about $45 million to settle charges by federal and state regulators that the company made overhyped advertising claims that its Shape-ups shoes would help people lose weight and tone muscles faster.
L.A. Port Sees Strong April Activity
April saw a boom in cargo traffic at the Port of Los Angeles, with nearly 15 percent more goods passing through than the same month a year ago.
Cereplast Signs Receivables Deal with Indian Firm
Shares of Cereplast Inc. jumped 18 percent on Monday after the bioplastics company announced a deal with an Indian firm that will distribute products now in the hands of European customers that haven’t paid their bills.
Platinum Equity to Buy Part of Caterpillar’s Logistics Business
Platinum Equity LLC has agreed to acquire a 65 percent stake in Caterpillar Logistics Services LLC, the third-party logistics division of Caterpillar Inc., for about $750 million.
Qualstar Appoints CEO
Qualstar Corp. has appointed Lawrence D. Firestone as chief executive officer and president. He will succeed William J. Gervais, who is retiring next month.
Wesco Aircraft Lowers Guidance After Profit Falls
Shares of Wesco Aircraft Holdings Inc. fell more than 15 percent Tuesday morning, a day after the aircraft parts provider reported a drop in fiscal second-quarter profit and lowered its full-year guidance.
Frederick's of Hollywood to Explore Strategic Alternatives
Frederick's of Hollywood Group Inc. has retained New York investment bank Allen & Co. to assist the directors in evaluating strategic alternatives that could include a sale or merger of the company.
Electric Delivery Van Maker Plans L.A. Assembly Plant
A Colorado start-up plans to assemble electric delivery vans in Los Angeles, joining several other electric-vehicle makers in the city.
Physicians Formula’s Quarter Beat Wall Street Forecasts
Shares of Physicians Formula Holdings Inc. jumped 22 percent on Friday, a day after the cosmetics company reported first-quarter profit that significantly beat analysts’ expectations. The company also raised its full-year guidance.
True Religion’s Quarter Beats Wall Street’s Forecast
Shares of True Religion Apparel Inc. rose 6 percent Wednesday morning after the apparel company said its first-quarter profit rose nearly 16 percent and announced it would start paying a quarterly dividend.
Integration, Stock Offering Put Brakes on Parts Firm
Shares of Motorcar Parts tumble as it irons out acquisition.
Motorcar Parts’ stock has been on a rocky road during the company’s integration of a Toronto acquisition.
Summer Heat Could Spur Power Plays by Local Companies
Businesses prepare to offset unplugged San Onofre plant.
The offline San Onofre nuclear plant has sparked concern at local businesses that fear summer power shortages.
Reliance Steel Cautious in Outlook Despite Strong Quarter
Reliance Steel & Aluminum Co. said its first quarter profit rose 26 percent in the first quarter, but provided guidance for the current quarter that was below Wall Street’s expectations.
Rising Production, Prices Boost Oxy’s Quarter
Occidental Petroleum Corp.’s first-quarter net income rose slightly on higher oil prices and record production of oil.
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