San Francisco Business Times articles from February 1992

San Francisco Business Times archives from February 1992

New businesses take their chances at BART stations; expansion of transit system creates opportunities in property development. (Bay Area Rapid Transit) (Commercial Real Estate Development)(Supplement: Real Estate Quarterly)
February 28, 1992... OAKLAND -- Real estate development at BART stations will bring a wealth of new business opportunities if the vision of Wilfred Ussery, BART board of directors president, is realized. When he joined the board 13 years ago, BART was selling off...

Domino's planning to sell 150 pizza stores in West. (Domino's Pizza Inc.)
February 28, 1992... SAN FRANCISCO -- Domino's Pizza Inc. plans to sell as many as 150 stores in four western states, including Northern California and the Bay Area, as part of a nationwide restructuring designed to cope with a saturated market for pizzas. Under...

Prometheus rebound: firm seeks to remain leader in management. (Prometheus Development Company Inc.) (Company Profile)
February 28, 1992... SAN MATEO -- The cartoon on Rob Wagner's office wall says it all. Obviously copied and faxed several times before it wound up with Wagner, the drawing shows a ratty-looking character holding up a sign: WILL DEVELOP REAL ESTATE FOR FOOD....

Analyst contending Bank of America's reserves too small. (Brown Brothers Harriman and Co.)
February 28, 1992... SAN FRANCISCO -- Bank of America's $2.3 billion holdings of Latin American bonds are drawing heat from a Wall Street brokerage, which says BofA should more than double its reserve against possible losses. Although the Latin debt crisis has...

$122 million deal signals URS Corp. returns to health. (US Air Force contract) (Company Profile)
February 28, 1992... SAN FRANCISCO -- Continuing its ascendancy among environmental cleanup firms, the once-humbled URS Corp. on Tuesday received what could be its largest contract since 1990, when it undertook its second major restructuring in three years....

Acquisitive Mizel resigns at ABI. (Bernard Mizel, American Business Insurance Inc.'s chairman and CEO)
February 28, 1992... Industry insiders are skeptical that executive initiated move SAN FRANCISCO -- Bernard Mizel, who masterminded the frenetic acquisition strategy that last year made American Business Insurance Inc. the 11th largest insurance brokerage in the...

Grubb & Ellis posts huge loss on 'goodwill.' (largest full-service real estate company in the US)
February 28, 1992... SAN FRANCISCO -- Finishing 1991 as dismally as it began, Grubb & Ellis Co. posted a $49.3 million loss, including nearly $30 million in write-downs on the value of 25 real estate companies it acquired in the mid-1980s. Grubb, the largest...

Network firm raising cash to buy technology. (Network General Corp.) (Company Profile)
February 28, 1992... Network General Corp. seeking companies in similar computer line MENLO PARK -- Hoping to arm itself with about $50 million in fresh cash, Network General Corp. is on the acquisitions trail, looking to buy some good technology. Although the...

Strong centers attract flexible tenant mixture. (Sunvalley Mall; Hillsdale Shopping Center) (Good Malls)(Supplement: Real Estate Quarterly)
February 28, 1992... The outstanding success of Sunvalley Mall, a major sales tax revenue generator for the city of Concord, can be attributed to the center's attention to merchandising and constant fine-tuning of its retailers. Sunvalley, with 525,572 square...

Weak center plans need tighter focus. (San Francisco Bay Area shopping centers) (Ghost Malls)(Supplement: Real Estate Quarterly)
February 28, 1992... When the economy goes to seed, weaker retailers get weeded out. Likewise, a whole shopping center can waver in a recession. "Ghost malls" have names, and there's room to spare at Concord's Willows Shopping Center, San Mateo Fashion Island,...

Former bank chief recounts lessons of postal service. (Tony Frank, retiring postmaster general and former chairman of First Nationwide Bank) (Directory)
February 28, 1992... SAN FRANCISCO -- Tony Frank learned a lot about tap dancing in Washington, D.C., and not just because of all the fancy footwork needed to survive in the nation's capital. As postmaster general, the former chairman of San Francisco-based...

Shopping center designs reflect 1990s' lifestyles. (Commercial Real Estate Architecture)(Supplement: Real Estate Quarterly)
February 28, 1992... Architects favor cozy village feel, Big Box or grocery as marketplace SAN RAMON -- Shopping center design is changing to reflect how people live, shop and pursue leisure activities. For many years, the best that could be said about shopping...

Home building decline makes developers wary. (Residential Real Estate Construction)(Supplement: Real Estate Quarterly)
February 28, 1992... Lower interest, depressed prices don't make up for job insecurity SANTA ROSA -- Three months ago home developer Keith Christopherson wondered if he should sell his new houses down the river. Last year, said the president of Christopherson...

Catellus prepares for first shot at 'beauty contest.' (Catellus Development Corp.; annual building design competition mandated by Proposition M of 1986) (Mission Bay Commercial Real Estate)(Supplement: Real Estate Quarterly)
February 28, 1992... After critic Temko pans Mission Bay, developer does redesign of facade SAN FRANCISCO -- Catellus Development Corp.'s cornerstone office building at Mission Bay has a new look, just four months after the first design was panned. The San...

Esprit to unveil new line aimed at older market. (Esprit de Corp.; Susie Tompkins)
February 21, 1992... Named after founder Tompkins, line includes casual, career wear SAN FRANCISCO -- Esprit de Corp. will announce the introduction of a major new line of clothing March 3 targeted at a market it has previously ignored. The new line, called...

Hong Kong trader eyes Royal Cathay. (Guangdong Holdings Enterprises Ltd.; Royal Cathay Trading Co.)
February 21, 1992... Fast-growing basket importer files for Chapter 11, but it intends to sell VACAVILLE -- Royal Cathay Trading Co., one of the largest importers of wicker baskets and similar items into the United States, has filed for Chapter 11 bankruptcy...

Bank of California rates as Japan's weakest in state.
February 21, 1992... Bank has $187 million loss in '91, earning lower ratings by services SAN FRANCISCO -- The Bank of California, which confirmed this week that it lost $187 million in 1991, has been downgraded by two bank rating services and is now listed as...

Hamilton eyes public offering. (Hamilton Savings Bank)
February 21, 1992... With deposits sold to Home Savings, former thrift becomes mortgage broker SAN FRANCISCO -- After getting out of the savings and loan business, Hamilton Savings Bank plans to give up its charter and try to go public with its...

Broderbund battles for PC Globe rights. (Broderbund Software Inc.)
February 21, 1992... NOVATO -- Broderbund Software Inc. has turned to the federal courts for help in a tug-of-war over PC Globe Inc., a manufacturer of map software. The legal battle, complicated by the November death of PC Globe founder Roy Kessler, pits...

Popping his corks in Benicia. (Jochen Michalski, Cork Supply International's owner) (Company Profile)
February 21, 1992... Local importer plugs bottles for California wine industry Jochen Michalski spends his time looking for worm holes. A bad smell can ruin his whole day. Too many pores can render a whole shipment useless. Michalski imports corks for...

San Francisco puts the screws on Kaiser rates. (Kaiser Foundation Health Plan)
February 21, 1992... Following lead of state of California, city asks huge HMO to skip rate hike SAN FRANCISCO -- The City and County of San Francisco is trying the same strategy on Kaiser Foundation Health Plan that the state of California attempted last week...

Visa USA blows advertising budget on the Olympics.
February 21, 1992... SAN MATEO -- Visa USA financed part of its extensive Olympics advertising campaign this week by canceling at least $500,000 in trade publication advertising. A source familiar with the ad cutbacks suggested that Visa may have wanted to spend...

Sierra Inn shut, put on market in Sacramento.
February 21, 1992... SAN FRANCISCO -- The San Francisco owner of the 180-room Sierra Inn in Sacramento has ordered the hotel to shut its doors and has put the property up for sale. The hotel is owned by Albergo Investments, which lists its San Francisco address...

Merged hospitals announce layoffs. (Merritt Peralta Medical Center and Providence Hospital)
February 21, 1992... OAKLAND -- Six months after announcing their merger last August, Oakland's Merritt Peralta Medical Center and Providence Hospital said this week they are eliminating 300 jobs by May -- about 100 more than they had previously indicated. In...

Softlab prepares to move offices to thrifty Atlanta. (Softlab Inc.)
February 21, 1992... German parent wants to increase its U.S. market share, save money SAN FRANCISCO -- Softlab Inc., one of the largest software companies remaining in the city of San Francisco, has announced plans to relocate its headquarters to Atlanta by...

Attempt to oust fund directors fails to happen. (Sierra Capital Trust VIII)
February 21, 1992... Meridian Point meeting cancelled after challengers are a no-show SAN FRANCISCO -- A challenge to the management of one of the former Sierra Capital real estate trusts fizzled out last week when the challengers failed to show up. The...

Blackman Flynn sued for $100 million loss. (Blackman Flynn Investment Co.)
February 21, 1992... SAN FRANCISCO -- Federal banking regulators last week sued Blackman Flynn Investment Co. for allegedly causing $100 million in damages to the failed Gibraltar Savings & Loan Association. In a suit filed in U.S. District Court in Los Angeles,...

Berkeley bans multiple tenant home purchase. (Berkeley City Council)
February 21, 1992... BERKELEY -- After almost a year of battle between tenant advocates and real estate interests, the Berkeley City Council this week banned tenancy-in-common home purchases. The 6-3 council vote, taken without debate Tuesday night, forbids...

Suit challenges Walnut Creek law. (Measure P law limiting hillside and open space development)
February 21, 1992... WALNUT CREEK -- Hoping to invalidate last fall's Measure P, which limits development on hillsides and open space, the Building Industry Association (BIA) of Northern California has sued the city of Walnut Creek. The suit, filed Feb. 3 in...

Real estate pros more optimistic in No. California. (Northern California) (Industry Overview)
February 21, 1992... Locals buck national survey, see market recovery in shorter time span SAN FRANCISCO -- A yearly survey of real estate professionals shows that local brokers, developers, lenders and commercial property owners either are far more optimistic...

Regis Hotel sold to Warwick hotel group. (Warwick International Hotels)
February 21, 1992... SAN FRANCISCO -- The 80-room Regis Hotel has been sold to the French-based company -- Warwick International Hotels. Warwick will both own and operate the hotel, located at the northeast corner of Geary and Taylor near Union Square opposite the...

Jessup looks to a healthy future, taking care of expansion today. (Judd Jessup, TakeCare Corp.'s president)
February 21, 1992... The view from Judd Jessup's 10th floor office in downtown Concord reveals a stunning panorama of suburban sprawl, with suddenly green hills and massive Mt. Diablo in the distance. Jessup, who runs Concord-based TakeCare Health Plan, is...

Aprex raises funds for development.
February 21, 1992... FREMONT -- Aprex Corp., a developer of monitors to measure patient compliance with prescribed drug regimens, announced last week the closing of a $1.8 million private placement. The Series E preferred stock offering raised funds from existing...

Shell Oil, developer quit on spill dispute. (CAZ Development Co.)
February 21, 1992... MARTINEZ -- Shell Oil Co. last week won the final round in a legal battle with a developer who sought $18 million in damages because of Shell's 1988 crude oil spill in the Carquinez Straits. A California Court of Appeals panel upheld a...

Franklin Resources, Inc. (Proxy Report Excerpts) (Company Profile)
February 21, 1992... NYSE: BEN Franklin Resources, Inc. is a diversified financial services company. It is one of the largest mutual fund organizations in the country. Franklin Resources provides administrative, management and distribution services to the...

Pacific Stock Exchange. (Robert Greber appointed president and chief operating officer) (Finance/Banking) (Brief Article)
February 21, 1992... Pacific Stock Exchange has promoted Robert Greber to president and chief operating officer. He has been executive vice president, director of marketing and strategic planning at the Exchange since July 1990, and was formerly with Merrill Lynch,...

CBR Cement Corp. (Frederick Nelson appointed president) (General) (Brief Article)
February 21, 1992... San Mateo-based CBR Cement Corp. has appointed Frederick Nelson as president of its Pacific Southwest Region. He was formerly with Kaiser Cement Corp.

PROCASE. (Robert Pursel Jr. appointed president) (High Technology) (Brief Article)
February 21, 1992... PROCASE of Santa Clara has hired Robert Pursel Jr. as chief financial officer. He was previously CFO with Intellisance Corp.

Bronson, Bronson & McKinnon. (Victor Bacigalupi, Joseph Mason, and Glenn Dodd appointed partners) (Law) (Brief Article)
February 21, 1992... Three senior business attorneys have joined the firm Bronson, Bronson & McKinnon of San Francisco as partners: Victor Bacigalupi, Joseph Mason and Glenn Dodd. They are members of the San Francisco firm Rosenblum, Parish & Bacigalupi.

Margaret Grover. (appointed partner at McKenna & Fitting) (Law) (Brief Article)
February 21, 1992... Margaret Grover has been admitted as partner to San Francisco's McKenna & Fitting. She focuses on business disputes, including real estate, secured transactions and employment.

David Alexander. (appointed partner at Wendel, Rosen, Black, Dean & Levitan) (Law) (Brief Article)
February 21, 1992... David Alexander, Charles Hansen and Daniel Rapaport, all former name partners of Bay Area law firms, have merged their practices with Wendel, Rosen, Black, Dean & Levitan of Oakland. Richard Waxman, who moved his practice to Wendel Rosen two...

Larson & Burnham. (Robert Ford and David Pinelli appointed partners) (Law) (Brief Article)
February 21, 1992... Larson & Burnham of Oakland has admitted two new partners: Robert Ford, who joined the firm in 1989; and David Pinelli, who has been with the firm since 1985.

Another chunk could be retail in Emeryville. (real estate development; Emeryville, CA)
February 14, 1992... Given demographics, traffic, area is ripe for regional mall development EMERYVILLE -- Another chunk of developable land has been added to what Emeryville officials hope will turn into a giant retail hub for the East Bay. The former site...

PERS raises Kaiser fees, but may limit members. (Public Employees' Retirement System; Kaiser Foundation Health Plan)
February 14, 1992... OAKLAND -- Kaiser Foundation Health Plan will get its proposed rate hike of more than 10 percent for the coming year, but it will get no new business from the giant California Public Employees' Retirement System (PERS), if the full PERS board...

Biomed issues may miss boom. (uncertain trend in pharmaceutical stocks)
February 14, 1992... Celtrix plans secondary offering, SciClone to go public at difficult time PALO ALTO -- In separate offerings, two Peninsula biopharmaceutical companies -- Palo Alto-based Celtrix Pharmaceuticals Inc. and San Mateo's SciClone Pharmaceuticals...

Fit to be Thai-ed for success. (Mulberry Thai Silks, maker of men's ties) (Company Profile)
February 14, 1992... Pair designs high-end ties, imports fabric from Thailand Sometimes the best ideas occur on vacation. When Henry Jacobson took a trip to Thailand a few years ago, he had no idea he'd soon be running Mulberry Thai Silks, a high-end men's...

Supercuts cutting a super deal for chairman to buy out spouse. (Supercuts Inc.'s David Lipson to buy out Mary Burton) (Brief Article)
February 14, 1992... DON'T CALL YOUR STOCKBROKER... YET: MORE THAN A MIILLION SHARES OF Supercuts Inc. were registered with the Securities and Exchange Commission in January, but Chairman David Lipson has no plans to sell, at least not immediately. He was merely...

Acquisition makes Northern Trust a major player. (Northern Trust of California's acquisition of Trust Services of America)
February 14, 1992... SAN FRANCISCO -- In a move that will make it the state's 11th-largest trust manager, Northern Trust of California last week acquired most of the trust accounts of Trust Services of America, a subsidiary of California Federal Bank. Northern...

Safeway offering would cut costs, finance Tracy facility. (bond offering) (Brief Article)
February 14, 1992... OAKLAND -- Safeway Inc. is hoping to raise $98.3 million in a new bond offering to help finance its new distribution center in Tracy and reduce some old debt. Since Safeway went private in a leveraged buy out in 1986, it has reduced its debt...

Renovations are complete at six Courtyard hotels. (Courtyard Hotels) (Brief Article)
February 14, 1992... PLEASANTON -- Courtyard Hotels just completed renovations on six Northern California hotels, including two in the East Bay -- one in Pleasanton and another in Fremont. The other four are located in Foster City, Rancho Cordova, Larkspur and...

Fremont Auto Center files for Chapter 11 protection. (Brief Article)
February 14, 1992... FREMONT -- Fremont Auto Center Inc. filed for Chapter 11 bankruptcy protection Jan. 31, citing liabilities of $1.5 million. The auto center, which is owned by Jon Meads, sells Mazdas and Volkswagens. The filing was made in federal bankruptcy...

Lazard, Freres heads up acquisition of marketer. (Lazard, Freres et Cie; Friden Alcatel) (Brief Article)
February 14, 1992... HAYWARD -- An East Bay marketer of mailing and shipping equipment, Friden Alcatel, has been acquired by a financial consortium headed by Lazard, Freres et Cie, a merchant bank based in Paris. Purchase price was not disclosed for the company,...

Several HMOs eye Bridgeway for acquisition. (health maintenance organizations; Bridgeway Plan for Health)
February 14, 1992... SAN FRANCISCO -- Bridgeway Plan for Health has received expressions of interest from several parties and could finalize a sale within the next month or so. James Heimarck, president and chief executive of Bridgeway's parent company,...

The West's top regulator. (Robert T. Parry, chief executive officer of Federal Reserve Bank in San Francisco) (Banking & Finance Quarterly) (Interview)
February 14, 1992... Federal Reserve chief Robert Parry speaks out Will interest rates go lower? Will the economy improve? Will local banks shrink or consolidate? As chief executive of the Federal Reserve Bank in San Francisco, a job that makes him the biggest...

Magazine founder jumps to rival in multimedia field. (IDG Communications' Richard Landry)
February 14, 1992... SAN MATEO -- Richard Landry, conceptual brain behind IDG Communications' new magazine for multimedia computing, MPC World, has jumped ship to join the competing NewMedia Magazine, published by David Bunnell's upstart HyperMedia Communications...

Seven Seas Cruise puts U.S. offices in San Francisco.
February 14, 1992... SAN FRANCISCO -- Seven Seas Cruise Line, a subsidiary of the Japanese shipping giant "K" Line, opened its U.S. headquarters in San Francisco last week. The two-year-old, Singapore-based company hopes that opening a U.S. office will boost its...

Outrigger Lodging to run Marin hotel. (Outrigger Lodging Services; Holiday Inn, Marin-San Rafael, California)
February 14, 1992... SAN RAFAEL -- Outrigger Lodging Services has taken over management of the 224-room Holiday Inn Marin-San Rafael. Outrigger Lodging is a three-year-old company that currently manages eight hotels. In addition to the Holiday Inn in San Rafael,...

New APL China unit. (American President Lines's new subsidiary American President Lines Company Ltd.)
February 14, 1992... OAKLAND -- American President Lines has established a subsidiary to manage its ocean transportation services within the People's Republic of China. The new subsidiary, called American President Lines (China) Co. Ltd., will have the authority...

Barbara Rae-Venter. (selection/appointment) (Law) (Brief Article)
February 14, 1992... Barbara Rae-Venter has joined the Palo Alto office of Cooley Godward Castro Huddleson & Tatum as partner in the life sciences and intellectual property practice. She was special counsel to the firm, and joined the Palo Alto office in 1990.

Michael Nicholson. (selection/appointment) (Personnel) (Brief Article)
February 14, 1992... Michael Nicholson has been appointed president of Western Medical Services, a division of Western Temporary Services Inc. of Walnut Creek. He was previously regional manager for Western Medical Services' East Coast region in Union, N.J. Dirk...

James Ayers. (selection/appointment) (Personnel) (Brief Article)
February 14, 1992... James Ayers has joined Ingersoll Engineers management consultants of Menlo Park as a partner supporting the firm's West Coast operations. He comes from Coopers & Lybrand in Los Angeles.

Timothy Repp. (selection/appointment) (Telecommunications) (Brief Article)
February 14, 1992... Timothy Repp has been promoted to vice president, finance and chief financial officer for SBE Inc. of Concord. He was previously assistant controller at Grubb & Ellis real estate.

Analysts bullish on BofA, bearish on First Interstate. (analysis of California's banking industry; Bank of America) (Banking & Finance Quarterly) (Industry Overview)
February 14, 1992... Mergers and losses drive analysts' positions on California banks SAN FRANCISCO -- The past month has seen a number of important events for California's major banks, ranging from quarterly losses at Wells Fargo and First Interstate to a new...

Biotech, health care companies attracting most venture capital. (biotechnology companies) (Banking & Finance Quarterly)
February 14, 1992... TABULAR DATA OMITTED MENLO PARK -- The first San Francisco Business Times survey of quarterly venture capital financings demonstrates the appeal of biotechnology and health care companies. It also shows that despite the capital industry's...

Large local banks hold down raises for employees. (Banking & Finance Quarterly) (Industry Overview)
February 14, 1992... But most CEOs have agreements that protect them if they are canned SAN FRANCISCO -- In another sign of tough times for the banking industry, California's biggest banks are holding down raises for most employees to the lowest level in years....

Bank of San Francisco seeks to raise capital. (Banking & Finance Quarterly)
February 14, 1992... SAN FRANCISCO -- Bank of San Francisco, which has been on shaky ground with regulators of late, this week retained Montgomery Securities to help raise more capital. "As anybody can tell by looking at our balance sheet, we're meeting all the...

Accountants, hit by recession, cut their payrolls.
February 7, 1992... SAN FRANCISCO -- The recession has hit Bay Area accounting firms hard, and the San Francisco Business Times' annual list of the largest Bay Area accounting firms testifies to this trend. For companies in which figures can be compared, the...

KQED push ignores viewer input; public television station pumps millions into features.
February 7, 1992... When KQED-TV cut the ribbon on its new $25 million headquarters in San Francisco last week, it marked a change both in locale and direction for the station, which has begun to pump millions of dollars into new programs. "Right now,...

Bridgeway moves into Sacramento; recent expansion may signal sale of HMO to larger health care group. (Bridgeway Plan for Health; health maintenance organization)
February 7, 1992... SAN FRANCISCO -- Bridgeway Plan for Health is expanding into the Sacramento metropolitan area, the San Francisco-based health maintenance organization (HMO), has announced. Although Bridgeway officials have periodically insisted the HMO...

California Pacific plans cancer unit; hospital officials not releasing much about what could be the regional center. (medical center)
February 7, 1992... SAN FRANCISCO -- California Pacific Medical Center will start construction of the first phase of a new multimillion-dollar cancer center at its California Campus East early this year, the San Francisco hospital confirmed this week. The...

Levi Strauss & Co. reorganizes with eye to trade talks.
February 7, 1992... SAN FRANCISCO -- Levi Strauss & Co. has moved to position itself for trade policy changes currently being negotiated among the United States, Mexico and Canada. The move, which took effect Feb. 1, establishes a new Levi Strauss North...

Investors join suit contesting Sierra managers. (Sierra Capital Trust Fund '84)
February 7, 1992... SAN FRANCISCO -- Two major investors in Meridian Point Trust Fund '84 have joined a shareholder lawsuit challenging management of the $55.5 million fund, formerly known as Sierra Capital Trust Fund '84. The real estate investment trust...

Home Savings buys out Hamilton. (Home Savings of America, Hamilton Savings Bank)
February 7, 1992... SAN FRANCISCO -- Federal regulators late last month allowed Home Savings of America -- the country's largest savings institution -- to purchase San Francisco's Hamilton Savings Bank. While the merger will strengthen Home Savings'...

Negotiations get going between UCSF, SF General. (San Francisco General Hospital, University of California Medical Center)
February 7, 1992... SAN FRANCISCO -- San Francisco General Hospital, the city's public hospital, and the University of California San Francisco Medical Center are renegotiating their affiliation agreement, which pays UCSF between $30 million and $40 million...

Bay View Bank grooms Brubaker as top executive; banking veteran could transform focus from savings to commercial. (Bay View Federal Bank; John Brubaker)
February 7, 1992... SAN MATEO -- Bay View Federal Bank, which lost nearly $2 million in the last three months of 1991, is grooming the former chief of Walnut Creek's defunct Central Bank to be its next chief executive. John Brubaker, a 30-year banking...

Don't buy American (blindly). (Editorial)
February 7, 1992... In the patriotic aftermath of President Bush's visit to Japan last month, we have seen the resurgence of a bad old idea: Buy American. To buy American blindly is to hurt, not help, the long-term economic health of our nation. Buying...

It's time to change Proposition M's growth limits. (analysis of growth control and industrial space)
February 7, 1992... In 1986, Proposition M, the growth control ordinance, was approved by a margin of about 4,000 votes. One objective was to limit new office space to 950,000 square feet per year. However, a destructive flaw in Prop. M's language means San...

Biodyne's founder pursues ventures in managed care. (Albert Waxman; American Biodyne Inc.)
February 7, 1992... SOUTH SAN FRANCISCO -- Albert Waxman connected with American Biodyne Inc., which made the second of two East Cost acquisitions late last month, six years ago with a chance encounter at a social gathering. The idea of starting a managed...

Caretaker keeps Shakey's cooking after exec's death. (Shankey's Inc.; Kay Yew Koh)
February 7, 1992... SOUTH SAN FRANCISCO -- Kay Yew Koh wears three hats these days, and none of them is straw. As acting president of Shakey's Inc. -- a job he stepped into after the sudden death of Gene Stone last September -- Koh is forging ahead with...

Schools institute new programs to promote racial, ethnic unity.
February 7, 1992... By the year 2000, minorities and women will represent over 80 percent of new entrants into the work force. "This diversity, if managed, will yield greater productivity and creativity and serve as a catalyst for long-term change within...

Textainer Capital seeks approval of $150 million fund.
February 7, 1992... SAN FRANCISCO -- Despite the recession, Textainer Capital Corp. has launched a $150 million fund to buy shipping containers to lease in the maritime industry. The San Francisco leasing firm filed a prospectus with the Securities and...