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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...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.
Mattel Rises on Steep Profit Increase
Shares of Mattel Inc. rose on Wednesday after the company reported net a sharp increase in net income, boosted by increased sales of its American Girl dolls.
J2 Global Makes Dutch Acquisition
Hollywood online service provider J2 Global Inc. said that it has acquired Dutch cloud storage firm Backup Connect BV.
Compromise Mattress Recycling Bill Moves Forward
After winning changes to a controversial recycling law, mattress manufacturers and retailers have dropped their opposition and allowed a compromise bill to clear a legislative hurdle on Wednesday.
Expenses Move Joe's Jeans to Loss
Joe's Jeans Inc. on Monday moved from a profit to a loss in the first quarter on higher operating expenses.
DreamWorks Buys Rights for Troll Doll Franchise
DreamWorks Animation SKG Inc. said Thursday it has bought the Troll Doll brand from Denmark’s Dam family and plans to expand the franchise.
Reliance Steel’s Largest Acquisition Nears Completion
Reliance Steel & Aluminum Co. acquisition target Metals USA Holdings Corp. on Thursday said that its shareholders had approved the $766 million deal by an overwhelming margin.
Soon-Shiong Adds to Stake in Jakks
An investment company controlled by Patrick Soon-Shiong has bought more than 3 million shares of Jakks Pacific Inc., increasing the Los Angeles billionaire’s stake in the Malibu toymaker from 9 percent to nearly 14 percent.
Ixia Restates Financials
Ixia has restated financial results for fiscal years 2010, 2011 and the first three quarters of last year in order to correct errors in how it records revenue for its warranty and software maintenance contracts. The changes added more than $7.8 million total to net income.
Reliance Gets $2 Billion Credit Deal to Back Acquisition
L.A.’s Reliance Steel & Aluminum Co. announced a $2 billion financing deal for its acquisition of Metals USA Holding Corp.
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