Also. . .
* USA Waste Services Inc. said it plans to cut 1,500 of the 1,700 jobs at the headquarters of Waste Management Inc. when it completes the $21.52-billion acquisition of the waste-hauler.
*
* Debbie Reynolds Hotel & Casino Inc. said it is considering liquidation, after an investor withdrew its offer to buy 92.5% of the hotel company for $15.5 million. Under a bankruptcy court-approved rescue agreement, unsecured creditors were to receive 5% of the company, with shareholders receiving the remaining 2.5%. Reynolds owns 26% of the company’s stock.
*
* Pier 1 Imports Inc. said its fiscal first-quarter earnings rose 23% to $15.5 million, or 22 cents a diluted share, from a year ago, matching analyst expectations. The retailer of home furnishings and accessories said sales gained 9.3% to $250.5 million, while sales at stores open at least a year jumped 8.3%.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.