Imperial Corp. of America: The San Diego...

Imperial Corp. of America: The San Diego real estate holding and banking firm posted a third-quarter loss of $103 million, contrasted with a profit $11.78 million a year ago. The results were attributed to a $92.2-million accounting writedown of the firm’s junk bond portfolio triggered by recent thrift legislation. The firm also said it sold more than $850 million in assets during the quarter as part of a plan to reduce assets by $2 billion to meet new capital requirements.