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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 09, 1977
Page
6
Al Zlogar, 20, of Dallas, markets bricks as a new route to wealth and novelty. He labels some bricks as greeting bricks and even offers a brick swizzle stick to spark conversations over drinks, recalling the pet rock craze.
SPRING VALLEY U S Elevator to buy Western Elevator Inc of Seattle in a cash deal. The purchase will create U S Western Elevator as a wholly owned subsidiary under bic Corp. Walter J Zable, president of bic, announced the plan yesterday.
Kaiser Industries and Material Service Corp agree in principle to sell Kaiser's Sand and Gravel Division assets to Material Service for about 23 million dollars. The deal awaits a definitive agreement and approvals from Material Service, its parent, and Kaiser's liquidating trustees. A pre tax book loss of about 7 million is expected for Kaiser if closed.
May projections cut the expected orange harvest to about 250.6 million boxes, down from last month and 4 million below May’s figure, with Florida showing a record 18 million boxes but overall crop prospects pressured by a January freeze. Prices for oranges rose from 146 to 2.45 dollars per box in mid May, against 2.31 a year ago.
The State Bank of Alsip fights over who runs the bank after directors appoint John Corneliuson president and Herald Dykstra vice president, while Rubenstein acts as president. The board seeks a court order to install Rubenstein, claiming loans were authorized after orders to halt them. Judge Schaller asked for bylaws and more information.
Lockheed Aircraft says it has accepted all recommendations of a reform committee amid an international bribery scandal. The changes include adding an outside audit chair and extending outside directors to all new or expanded committees, including a public issue panel. The company faces a $3 million payout to foreign officials to win sales and blames former chairman D. J. Haughton for the matter.
LOS ANGELES The 400 000 shared common stock alteration of American Home Shield Corp of Pleasanton became effective yesterday underwriter MacDonald Krieger Bowyer Inc of Beverly Hills The issue priced at 4525 per share All shares sold for the account of the company which had its original underwriting in 1972 There will be 1 765 000 common shares outstanding after the offering not including 40 000 shares which may be purchased by the underwriter The company a Delaware corporation headquartered in Pleasanton offers homeowner maintenance plans for a fixed fee paid in advance to service and repair built in appliances and home systems for one year in some areas air conditioning.
Tetra Tech Inc. reported higher net income and revenues for the first nine months of fiscal 1977. Net income reached 829,789 on revenues of 17,978,590, up 27.4 percent from the prior year and 97.7 percent above 601,533 on 13,057,470 in the comparable period ending May 2, 1976.
The Pop Shoppes set a grand opening Saturday at the Lido Faire shopping center on Jarvis Avenue and Newark Boulevard. Oakland Raiders players will greet guests from 10 am to 3 pm with a clown, free prizes, and balloons as Newark Mayor Jim Balentine attends the ribbon cutting.
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