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Health Care Property Investors Inc., a Newport Beach-based health-care real estate investment trust, said second-quarter net income totaled a record $34.1 million, or 59 cents a share, 19% higher than the $28.7 million, or 54 cents a share, reported for the second quarter last year. Revenue increased 7% to $89.3 million.
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TriZetto Group Inc., a Newport Beach provider of health-care information technology products and services, said its net loss for the second quarter narrowed to $3.7 million, or 8 cents a share, from a loss of $15 million, or 40 cents a share, for the same period last year. Revenue grew 25% to $66.8 million.
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Newport Corp., an Irvine technology equipment maker hurt by the weakness in the fiber-optic market, reported a second-quarter net loss of $7.4 million, or 19 cents a share, contrasted with net income of $12.1 million, or 32 cents a share, for the like period last year. Sales dropped 53% to $44 million.
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Universal Electronics Inc., a Cypress-based wireless technology developer, reported second-quarter net income of $1.4 million, or 10 cents a share, a drop of 39% from the $2.3 million, or 16 cents a share, posted a year ago. Sales declined 15% to $24.6 million.
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DuPont Co. agreed to buy ChemFirst Inc. for $408 million in cash to add chemicals and materials used in electronics and semiconductors.
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* General Electric Co., the biggest maker of power plant equipment, plans to cut 2,500 jobs at its Power Systems unit over the next nine months as large turbine sales fall.