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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...Coda Holdings Files Chapter 11, Plans to Sell Automobile Unit
Coda Holdings Inc., parent of the Los Angeles electric-car maker Coda Automotive, has filed for bankruptcy, Bloomberg News and Reuters report. A group of lenders led by Fortress Investment Group will seek to acquire the company for $25 million through the bankruptcy process. The new Coda will focus on its energy-storage business, selling off Coda Automotive.
International Rectifier Stock Rises on Forecast
Shares of International Rectifier Corp. rose 8 percent on Tuesday after the semiconductor company reported a smaller-than expected net loss in its fiscal third quarter and was optimistic about the current quarter.
Edison Reports Strong Earnings
Edison International on Tuesday reported strong first quarter earnings that beat street estimates as its electric utility subsidiary profited from higher power rates that kicked in this year.
Oxy Board Moves to Retain Chazen as CEO, Restrict Irani's Future Role
After intense shareholder pressure, Occidental Petroleum Corp. announced Monday that Steve Chazen will continue to serve as chief executive through next year, and announced new governance policies that would effectively bar former Chief Executive Ray Irani from returning to that post.
Moving Seats Shake Up Mexican Film Exhibition
CINEMA: MediaMation signs deal for chairs with Cinemex theater chain.
MediaMation has sold its “4-D” technology to theme parks and other attractions for more than two decades.
K-Swiss Shareholders Approve Acquisition
K-Swiss Inc. on Friday said that announced that its stockholders had approved its $170 million acquisition by South Korean retailer E. Land World.
Lower Oxy Profit Better Than Expected
Occidental Petroleum Corp on Thursday reported higher-than-expected net income as the oil and gas company employed cost cutting domestically to offset the impact of lower natural gas prices.
State Orders Shutdown of Vernon Battery Recycling Plant
California regulators on Wednesday ordered the shutdown of a battery recycling plant in Vernon for failure to control pollution at the facility.
Profit Enhances OSI Systems’ Quarter
Shares of OSI Systems Inc. rose nearly 10 percent on Wednesday after the company reported lower-than-expected fiscal third-quarter earnings but a larger stock buyback.
Swiss Company To Acquire Power-One
Shares of Power-One Inc. soared 57 percent on Monday after Swiss industrial giant ABB Ltd. said it signed a deal to buy the Camarillo power-conversion technology company for roughly $1 billion.
Jeans Maker Sowed Fate
APPAREL: Litigious Guess co-founder fights bankruptcy.
Failure to button up his litigious behavior might cost Guess Jeans co-founder Georges Marciano much of his fortune.
Bread Maker Doesn’t Loaf On Nostalgia
La Brea Bakery giving away hometown trip in grilled-cheese contest.
La Brea Bakery seeks to get a rise out of customers with a grilled-cheese sandwich promotion.
Investors Pull Plug on Network Equipment Maker
TELECOM: Ixia shares fall after company reduces first quarter guidance.
Ixia’s stock drops as phone companies dial back their spending.
Virco Shares Fall on Weak Quarter
Shares of Virco Mfg. Corp. fell almost 13 percent on Friday after the institutional furniture maker reported a larger quarterly loss and warned of continuing volatility and weaker demand in its core K-12 public school market.
Cherokee Delays Year-End Report
Cherokee Inc. said that it had delaying filing of its annual report due to unspecified financial reporting issues that occurred before its new chief financial officer started.
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