Also. . .

* Oakwood Homes Corp., the nation's largest manufactured-home company, said it ended plans to sell or merge the company because of unfavorable industry conditions. The company also said Chief Executive Nicholas St. George decided to retire Sept. 30 and will be succeeded by Chief Operating Officer William Edwards. Oakwood said it has cut 1,000 of about 12,000 jobs because of slower demand as industry inventories have hit historically high levels.

*

Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
71°