Calabasas-based Cheesecake Factory Inc. reported third-quarter net income of $1.7 million, or 16 cents a share, compared with $2.4 million, or 22 cents, last year. . . . Apple Computer Inc., taking advantage of lower component costs and eager to regain market share during the vital holiday shopping season, slashed the price of most Power Macintosh computers by up to 30%. . . . Wells Fargo & Co. plans to sell as much as $750 million in securities, according to a filing by the company with the Securities and Exchange Commission. . . . San Francisco-based Gap Inc. said it plans to buy back as many as 30 million shares over the next four years, or 11% of the clothing retailer's shares outstanding. . . . Westlake Village-based Dole Food Co. said it promoted David A. Cohen to senior vice president of acquisitions and investments.
Times Staff and Wire Reports
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