ALSO. . .
- Share via
* Crown Cork & Seal Co., the largest maker of metal food cans, will fire 1,150 employees and warned of lower second-quarter profit because of higher costs for raw materials, pricing competition and slowing sales. Second-quarter profit will be about 50 cents a share, the Philadelphia-based company said, well below the 73-cent average estimate of analysts. Crown will take a second-quarter charge of $58 million, or 46 cents.
*
Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section’s staff can be found at: https://www.latimes.com/bizstaff.
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.
