CALIFORNIA : BRIEFLY : Also. . .
- Share via
* Lehman Bros. Holdings Inc. said its profit jumped a better-than-expected 93% in its third quarter to $290 million, or $2.20 a share, citing its increased focus on the profitable investment banking and stock trading units. Analysts had forecast earnings of $2.01 a share. Revenue including interest income and expense gained 46% to $1.36 billion.
*
* Textron Inc.’s Textron Financial Corp., an aircraft, equipment and golf financing company, agreed to buy Litchfield Financial Corp. for about $183 million, or $24.50 a share, in cash to increase its resort financing business. Williamstown, Mass.-based Litchfield has 140 employees and offices in Massachusetts, Georgia, Colorado and Arizona. Litchfield shares rose $6.25 to close at $24 on Nasdaq. Providence, R.I.-based Textron is the biggest U.S. commercial helicopter maker.
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.