BRIEFCASE AMERICAN ADDING FLIGHT TO LONDON.Byline: - Staff and Wire Services American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the announced Tuesday it will add a second daily nonstop flight from Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. to London's Heathrow Airport for the spring through fall travel season. It is one of several schedule additions the airline is making in Los Angeles, including new nonstop service to Tokyo Narita Airport. American's additional flight to London Heathrow will begin April 4 and operate through Oct. 30. Jakks makes soft landing in quarter MALIBU - The bankruptcy of two major clients led Jakks Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance to a soft fourth quarter, the toy maker reported Tuesday. In the most recent quarter, sales climbed to $84.4 million from $68.5 million the year before. Jakks took a one-time $2.1 million charge in the most recent quarter stemming from write-offs of KB Toys K•B Toys (previously known as Kay Bee Toys) is a chain of mall-based retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. It currently operates 605 stores in 44 U.S. states, Puerto Rico as well as Guam. and FAO FAO, n See Food and Agriculture Organization. Schwarz bankruptcies. This lowered earnings to $7.1 million, 29 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , down from $7.3 million, 30 cents per share, in the same period a year ago. For the full year, Jakks had sales of $315.8 million, up slightly from $310 million in 2002, with net income of $25.9 million, $1.05 per share, compared with $31.3 million, $1.37 per share. The company forecast sales of $330 million to $340 million and earnings per share of $1.20 to $1.30 for the full year. Shares closed at $13.88, down 69 cents, after the report. Baby Einstein Baby Einstein is a line of multimedia products and toys that specializes in interactive activities for children aged 3 months to 3 years old. Subjects such as classical music, art, and poetry are prominently explored. Co. is extending line BURBANK - The Baby Einstein Co., creator of developmental products for babies and toddlers, announced plans Tuesday to extend its product line into three new categories. The Burbank-based company will introduce baby gear, party supplies and bibs and soft bath products with category leaders Graco, Hallmark and Hamco, respectively. The announcement follows the launch of its juvenile products line in 2003 and comes on the heels of its toy line debut. Farmers offering product discount The Farmers Insurance Group of Cos. announced Tuesday the introduction of a Home/Life Discount for its California homeowners customers. Customers who have both a life insurance policy and a homeowners insurance policy issued by Los Angeles-based Farmers can qualify for a 5 percent discount on their homeowners policy. In addition to the Home/Life discount, Farmers will introduce a rate reduction on homeowners insurance in California, both effective last Monday. |
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