– Magnetek Inc.

, an L.A.-based maker of digital power products, reported a net loss of $2.6 million (9 cents per diluted share) for the third quarter ended March 31, compared with income of $153,000 (1 cent) for the like period a year earlier. Revenue fell to $57 million from $61.8 million in the year-ago period.

– Skechers USA Inc.

said Friday that the U.S. District Court for the Central District of California dismissed a shareholders securities class-action complaint filed against the company and entered final judgment in Skechers’ favor. The original class action complaint was filed against the Manhattan Beach-based footwear company on March 25, 2003, and alleged violations of the federal securities laws on behalf of people who bought Skechers’ stock between April 3, 2002 and Dec. 9, 2002. Additional complaints followed, and the court ordered the cases to be consolidated in July 2003.

–

First Community Bancorp said Thursday evening that it has signed an agreement to buy Rosemead-based

First American Bank

for $62.3 million in cash, or about $24.95 per share after all outstanding stock options are cashed out. The transaction is expected to close in the third quarter. Following completion of the acquisition, First American will be merged into Pacific Western National Bank, an L.A.-based subsidiary of First Community, headquartered in Rancho Santa Fe.

First American Bank, which serves businesses through locations in Rosemead, San Fernando, South Pasadena and downtown Los Angeles, had $244.8 million in assets as of March 31.

– KB Home

completed its two-for-one stock split in the form of a 100 percent stock dividend to its stockholders of record at the close of business on April 18. Stockholders received one additional share of the L.A.-based homebuilder’s common stock for each share owned on the record date. The split was announced on April 7.