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Lebec-based Tejon Ranch Co. reported fourth-quarter net income of $1.9 million, or 15 cents per diluted share, compared with $1.1 million, or 8 cents, a year ago.
* Woodland Hills-based Foundation Health Systems Inc. said it will sell its workers’ compensation unit and take a fourth-quarter charge of $50 million to $75 million to pay higher-than-expected accident claims.
* Riverside-based Fleetwood Enterprises Inc. said it will acquire Houston-based HomeUSA Inc. for $162 million in cash and stock, as the manufactured-housing maker adds a retailer to its operations.
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