Also . . .
- Share via
* Coffeehouse chain Diedrich Coffee Inc. narrowed its losses for the fourth quarter while posting lower revenue. The Irvine-based company said it lost $2.4 million, or 59 cents a share, including a $2.1-million charge to reduce the value of eight Phoenix coffeehouses that Diedrich is selling. A year ago, the company lost $22.3 million, or $7.20 a share, including charges of $16.4 million from shedding more than three dozen poorly performing Gloria Jean’s coffee shops. Revenue fell nearly 10% to $20.1 million.
* Resources Connection Inc., a Costa Mesa provider of accounting and professional services, said first-quarter net income increased 95% to $4.3 million, or 19 cents a share, from $2.2 million, or 13 cents a share, a year earlier. Revenue increased 25% to $48.9 million.
* DPAC Technologies Corp., a Garden Grove packager of computer memory chips, reported second-quarter net income of $461,000, or 2 cents a share, 13% higher than the $407,000, or 2 cents a share, a year ago. Revenue rose 14% to $8.2 million.
* Verizon Wireless appointed Greg Klimek president of the Southern California region, based in Irvine. He was previously president of the Illinois-Wisconsin region.
* Edwin A. Lodgek has been named senior vice president, general manager and a member of the board of Toshiba America Medical Systems in Tustin. He had been vice president, North America at Marconi Medical Systems.
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.