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Struggling bioplastics maker Cereplast Inc. on Tuesday said that it plans to move its headquarters from El Segundo to Seymour, Ind. and make other changes in order to turn profitable.
Farmer Bros. Co. reported a smaller net loss in its fiscal third quarter as the Torrance coffee roaster benefitted from a drop in coffee bean prices.
Ray Irani, former chief executive of Occidental Petroleum, was forced off the Westwood oil giant’s board on Friday.
A smaller Dole Food Co. produced as much revenue as expected by analysts in its fiscal first quarter, but its profits failed to meet projections due to litigation expenses.
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.
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 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.
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.
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 Inc. on Friday said that announced that its stockholders had approved its $170 million acquisition by South Korean retailer E. Land World.
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.
California regulators on Wednesday ordered the shutdown of a battery recycling plant in Vernon for failure to control pollution at the facility.
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.
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.
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.