Business Briefs: Center Financial, Disney, Jacobs, THQ, International Aluminum

0



& #8226; Center Financial Corp.

received a delisting notice from the Nasdaq which stated that it was not in compliance with a market rule. The Nasdaq said the recent 10-Q regulatory filing for the L.A.-based holding company for Center Bank did not include a review by independent auditors or certifications from its chief executive and chief financial officer, as required by the Securities and Exchange Commission. Center Financial said it would appeal the Nasdaq notice.



& #8226;

The board of

Walt Disney Co.

voted to amend its corporate-governance guidelines to make it easier for shareholders to remove directors. The Burbank media giant said that if shareholders withhold the majority of their votes for a director, the director must offer his or her resignation. A board committee would then recommend to the full board whether the resignation should be accepted. In addition, a new bylaw prohibits the repurchase of any shares at above-market prices from any holder of more than 2 percent of Disney’s voting stock without shareholder approval.



& #8226; Jacobs Engineering Group Inc.

said a subsidiary company was awarded a contract to provide engineering and technical services at NASA’s Marshall Space Flight Center in Huntsville, Ala. The performance-based contract has a minimum value of $50 million and a maximum of $500 million, and will last at least one year, followed by four one-year options that may be exercised at NASA’s discretion. The contract is set to begin on October 15.



& #8226; THQ Inc.

and Majesco Entertainment Co. signed an international sales and distribution agreement where Calabasas Hills-based THQ will distribute 14 Majesco game titles for the current console, handheld and PC platforms over a two-year period. The companies did not disclose financial details, but said in a statement that they expect to reap benefits from the deal, which will allow them to reach more markets.



& #8226; International Aluminum Corp.

, a Monterey Park-based aluminum products maker, reported net income of $4.4 million ($1.03 per diluted share) for the fourth quarter ended June 30, compared with $2.6 million (61 cents) for the like period a year ago. Revenues rose to $67 million from $59.3 million in the year-ago period.


Fourth-quarter results included a pretax expense of $260,000 related to meeting requirements of the Sarbanes-Oxley Act.

No posts to display