San Francisco Business Times articles from April 1990

San Francisco Business Times archives from April 1990

Is it just a name? 'Savings bank' sound stronger. (Savings and loans are changing names to avoid stigma of federal bailout)
April 23, 1990... IS IT JUST A NAME? `SAVINGS BANK' SOUNDS STRONGER OAKLAND -- What started out as a few nervous heifers looking for a name change may turn into a stampede as financial institutions race to distance themselves from what they see as the odious...

Liposome looks for $3 million-plus, gains new investor. (Liposome Technology Inc. issues new stock)
April 23, 1990... Liposome looks for $3 million-plus, gains new investor MENLO PARK -- Liposome Technology Inc., a leading developer of delivery systems for pharmaceuticals, plans a second private placement to raise an estimated $3 million to $6 million this...

Area's tourism still quake-bit. (San Francisco Bay Area tourist industry still depressed following 1989 earthquake)
April 23, 1990... Area's tourism still quake-bit But steady convention business buoys the region's hard-hit hotel industry SAN FRANCISCO -- Tourists are not coming back fast enough after the October earthquake for the San Francisco hotel industry,...

Agnos' hotel deal hid past of troubled low-rent rooms. (San Francisco to buy 6 low rent hotels, three are owned by G & K Management Inc.)
April 23, 1990... Agnos' hotel deal hid past of troubled low-rent rooms Federal audit censured owner, city for use of $817,000 in earlier grants SAN FRANCISCO -- Mayor Art Agnos' recent announcement that the city will pay $18 million in state and...

Savings and loan betters earnings, capital standards. (San Francisco Federal Savings and Loan Association)
April 23, 1990... Savings and loan betters earnings, capital standards San Francisco Federal reports its first quarter earnings at $4.6 million SAN FRANCISCO--San Francisco Federal Savings and Loan appears to be on the rebound after suffering a net...

French Foundation hires top firm for suit to get back its hospital. (The French Hospital Foundation hires Pillsbury, Madison, & Sutro for lawsuit)
April 23, 1990... French Foundation hires top firm for suit to get back its hospital SAN FRANCISCO -- The French Hospital Foundation has launched a new attack in the battle to reclaim its territory, the 139-year-old French Hospital, from the Daughters of...

Bike messenger service files for bankruptcy relief. (Quicksilver Delivery Service Inc.)
April 23, 1990... Bike messenger service files for bankruptcy relief Quicksilver Delivery says back taxes should be paid by previous owners SAN FRANCISCO -- Quicksilver Delivery Service Inc., one of the city's oldest bike messenger services and the...

Wisconsin buyers see cool promise in bankrupt Bud's. (Bud's Ice Cream bought by Wisconsin investors)
April 23, 1990... Wisconsin buyers see cool promise in bankrupt Bud's Ice cream firm's new owners invest to lick giants Dreyer's, Haagen-Dazs BURLINGAME -- After 10 years of melting sales, Bud's Ice Cream -- a Bay Area tradition for over 50 years --...

Foundation may sell stock, could lower debt load. (Foundation Health Corp.)
April 23, 1990... Foundation may sell stock, could lower debt load RANCHO CORDOVA -- Foundation Health Corp. is preparing to go public -- again. Less than four years ago Wall Street gave Foundation a staggering debt load in a $140 million leveraged buy...

ComputerLand Corp. to replace junk bonds. (replacing old bonds with new transferable issue with same terms)
April 23, 1990... ComputerLand Corp. to replace junk bonds PLEASANTON -- ComputerLand Corp. is offering holders of $36.5 million in junk bonds the opportunity to exchange them for transferable bonds. The giant computer retailer has filed a registration...

Xoma's patent gives it an edge over Centocor. (Xoma Corp. sues Centocor Inc. for patent infringement)
April 23, 1990... Xoma's patent gives it an edge over Centocor Xoma files patent infringement suit against Centocor's rival drug BERKELEY -- When Xoma Corp. was awarded a U.S. patent for its Xomen antiseptic shock treatment drug last week, the...

Former Hal Riney associates sign up their first client. (Atlas, Citron, Haligman, & Bedecarre)(company formed by former employees of Hal Riney & Partners)
April 23, 1990... Former Hal Riney associates sign up their first ad client SAN FRANCISCO -- It's been a month since four musketeers of advertising rode out of San Francisco's top agency, Hal Riney & Partners, and into the sunset, leaving behind a trail of...

Amro Bank puts more money into investment firm. (Amsterdam-Rotterdam Bank of Holland buys greater share of Amsterdam-Pacific Corp.)
April 23, 1990... Armo Bank puts more money into investment firm Amsterdam Pacific Corp. to fund increased activities in Pacific Rim SAN FRANCISCO -- In an aggressive move to expand its investment banking activities in the United States,...

Giga-tronics Inc. earnings hit $1.4 million in 1990.
April 23, 1990... Giga-tronics Inc. earnings hit $1.4 million in 1990 PLEASANT HILL -- Giga-tronics Inc. reports that it will lose about $250,000 in its fourth quarter ended March 31. The loss will result in fiscal 1990 earnings of about $1.4 million, the...

Two Count improves, but sustains small loss in 1989. (Two Count Holding Co.)
April 23, 1990... Two Count improves, but sustains small loss in 1989 NEWARK -- Two Count Holding Co. increased sales substantially to $48.1 million; sustained a net loss of $56,000, or 1 cent a share; and had positive earnings from continuing operations of...

Golden West increases income, earnings, assets. (Golden West Financial Corp.)
April 23, 1990... Golden West increases income, earnings, assets OAKLAND -- Golden West Financial Corp., parent of World Savings and Loan Association, reports dramatic increases in first quarter net income and earnings from core business operations and says...

Edgar, Dunn agrees to acquisition deal. (Edgar, Dunn & Conover Inc. agree to be acquired by American Capital and Research Corp.)
April 23, 1990... Edgar, Dunn agrees to acquisition deal SAN FRANCISCO -- Edgar, Dunn & Conover Inc., a management consulting firm, has reached an agreement to be acquired by American Capital and Research Corp. of Virginia, which is making its fifth...

ICF Kaiser wins U.S. Air Force cleanups. (ICF Kaiser Engineers receives Air Force contract)
April 23, 1990... ICF Kaiser wins U.S. Air Force cleanups OAKLAND -- ICF Kaiser Engineers has won a $50 million U.S. Air Force contract for environmental cleanup at its bases around the world. The contract was awarded by the Human Systems Division of the...

Nellcor Inc. reports new record earnings.
April 23, 1990... Nellcor Inc. reports new record earnings HAYWARD -- Nellcor Inc., a producer of hospital electronic monitoring equipment, reported its best revenue and earnings in history for the third quarter of fiscal 1990. Revenue for the period...

The Harper Group Inc. (proxy report excerpts) (company profile)
April 23, 1990... The Harper Group Inc. NASDAQ:HARG San Francisco-based Harper Group Inc. was founded in 1898 as a customs brokerage firm, and is one of the city's oldest international trade firms. The company performs all of the basic import and export...

Wyndham Foods says big sell-off won't affect firm. (investors in Mason Best Co. are trying to sell shares of Wyndham Foods Inc.)
April 16, 1990... Wyndham Foods says big sell-off won'affect firm SAN FRANCISCO - Investors in the debt-riddeDallas investment firm Mason Best Co. arerying to sell their shares of San Francisco-sed Wyndham Foods Inc., according a report by the Dallas...

Plant decor: wanted dead or alive. (California's largest live plant rental company Decorative Plant Service Co.)
April 16, 1990... Plant decor: Wanted de and alive Tall palm trees cast hazshadows. Sweat forms in the still, steamy a. All that's missing is Humphrey Bogart and Mai-Tai with a little umbrella in it. However, even the most imaginave movie director might...

Regulators watch thrift under order. (Federal Deposit Insurance Corp.; Statewide Thrift and Loan Co.)
April 16, 1990... Regulators watch thrift under order REDWOOD CITY - Federal regators are closely monitoring a Redwo City thrift and loan as the company aempts to comply with a cease-and-desist ord issued by the Federal Deposit Insurance Corp. As part...

Harding's stock soars, despite insider selling. (Harding Associates Inc.)
April 16, 1990... Harding's stock soars, despite insider selling NOVATO - While Wall Street sometimes looks at insider selling as an indication of trouble at a company, investors in Harding Associates Inc. seem to think otherwise. Harding's stock has...

Shareholders in Genentech await proxy. (merger proxy with Swiss pharmaceutical firm Hoffmann LaRoche and Co. AG)
April 16, 1990... Shareholders in Genentech await proxy SOUTH SAN FRANCISCO - While Genentech Corp. awaits approval of its sale agreement with Swiss pharmaceutical giant Hoffman LaRoche & Co. AG, a lot of speculation still exists as to how shareholders will...

L.B. Nelson buys its preferred stock for employee fund. (real estate developer)
April 16, 1990... L.B. Nelson buys its preferred stock for employee fund REDWOOD CITY - L.B. Nelson Corp. recently spent about $800,000 to buy all of the company's outstanding preferred shares and place them in an employee stock ownership trust. The...

Earnings drop leads to stock price downfall. (Network Equipment Technologies Inc.)
April 16, 1990... Earnings drop leads to stock price downfall REDWOOD CITY - For the second week in a row, Network Equipment Technologies Inc. announced that it had miscalculated its anticipated earnings and its stock went spiralling downward, closing at...

Doughmaker plans to move into retail cookie market. (Otis Spunkmeyer Inc.)
April 16, 1990... Doughmaker plans move into retail cookie market SAN LEANDRO - Otis Spunkmeyer Inc., a manufacturer and wholesale distributor of gourmet frozen cookie dough, has announced plans to move into the retail market, selling its cookie dough...

Koll wants monied partner to buy warehouse project. (real estate developers)
April 16, 1990... Koll wants monied partner to buy warehouse project LIVERMORE - The Koll Co. is working to walk away from a languishing East Bay industrial project in the over-built Livermore warehouse market. Koll, with Northern California...

Office Club plans to open Dublin, Fremont facilities. (office supply retailer)
April 16, 1990... Office Club plans to open Dublin, Fremont facilities DUBLIN - The Office Club Inc., a growing retailer of office supplies, has announced plans to open a new warehouse in Dublin by December. A Fremont store is set to open June 19. The...

Physician's group acquires Concord radiology practice. (North Bay Radiology Medical Group; Concord, California; Contra Costa Radiology)
April 16, 1990... Physician's group acquires Concord radiology practice CONCORD - North Bay Radiology Medical Group has taken over the Contra Costa Radiology offices and practice in Concord. This acquisition gives the radiology group two offices in Concord....

Accordion books, quality offerings boost publisher. (Bedford Arts Publishers)
April 16, 1990... Accordion books, quality offerings boost publisher SAN FRANCISCO - Five years ago, Kirsten Bedford decided that there was room in the Bay Area publishing industry for a high quality producer of art books. The wife of real estate developer...

Business bank ponders branch in Sacramento. (Bank of San Francisco)
April 16, 1990... Business bank ponders branch in Sacramento SAN FRANCISCO - Bank of San Francisco, which filed with the state to open an office in the fast-growing Sacramento area, may go the whole nine yards and open its first-ever branch there. "It...

Atkinson subsidiary wins paper mill job. (Guy F. Atkinson Co.; Commonwealth Construction Co.)
April 16, 1990... Atkinson subsidiary wins paper mill job SOUTH SAN FRANCISCO - A Canadian subsidiary of Guy F. Atkinson Co. of California has landed a $35 million construction project to modernize a paper mill in British Columbia. Commonwealth...

Olivia Hsu Decker's charming quirks propel her to top of real estate realm. (San Francisco real estate agent) (Profile)
April 16, 1990... Olivia Hsu Decker's charming quirks propel her to top of real estate realm Olivia Hsu Decker walks up to the front of a $1.6 million home she has listed in Marin County, a pristine, water-front Mediterranean-style villa that glows...

Phoenix American Inc. (Proxy Report Excerpts) (company profile)
April 16, 1990... Phoenix American Inc. NASDAQ:PHXA San Rafael-based Phoenix American Inc., first publicly traded in 1982, is the parent of Phoenix Leasing and Phoenix Securities. Other subsidiaries are Phoenix Cable, Phoenix Venture, Phoenix American Alarm...