ALSO...

Inglewood-based Imperial Bancorp reported second-quarter net income of $11.0 million, or 40 cents per share, compared with $28.7 million, or $1.10, in the year-ago quarter. . . . Los Angeles-based Cathay Bancorp Inc. reported second-quarter net income of $4.9 million, or 55 cents per share, compared with $3.1 million, or 39 cents, in the year-earlier quarter. . . . British Airways and American Airlines defied critics of their controversial planned alliance by announcing two new deals with Spanish carrier Iberia. The two airlines announced separate agreements to tap into the Spanish carrier’s southern European and Latin American markets. American said it set a full marketing alliance with Iberia and is also buying a 10% stake in the parent of Iberia’s associated Argentinian airlines Aerolineas Argentinas and Austral. British Airways said it agreed to negotiate a marketing deal and to discuss a minority stake in the Spanish state-owned carrier. . . . Louis Rossetto, co-founder of San Francisco-based Wired magazine, is resigning as chief executive of its parent company but will remain its chairman and Wired’s editor and publisher. . . . Intel Corp. said it’s beginning a $10-million campaign to advertise personal computers in China and India, in a bid to increase the PC’s popularity and boost sales of its microprocessors in two of the fastest-growing regions in the world.