Also
* Mortgage finance company New Century Financial Corp. of Irvine said its shareholders voted to approve its conversion to a real estate investment trust, a process that will be completed in October.
* A Bankruptcy Court judge in New York approved a plan by Adelphia Communications Corp. to pay as much as $41 million in bonuses and severance to encourage executives to stay while it tries to exit bankruptcy protection.
* Goldman Sachs Group Inc. agreed to pay $656 million to buy stakes in 12 power plants and a natural-gas pipeline from PG&E; Corp.’s National Energy & Gas Transmission unit.
* General Electric Co. said it won Federal Trade Commission approval for its purchase of Newark, Calif.-based InVision Technologies Inc.
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.