Also . . .

* Newport Corp., which makes devices for testing and assembling fiber-optic products and semiconductors, reported a third-quarter net loss of $25.5 million, or 70 cents a share, which included one-time charges of $39.1 million related to cost-reduction efforts. A year ago, the company earned $11.2 million, or 30 cents a share. Sales declined 15% to $62.9 million.

* Westcorp, an Irvine financial services holding company whose principal subsidiaries are WFS Financial Inc. and Western Financial Bank, reported that third-quarter net income fell 55% to $8.2 million, or 23 cents a share, from $18.2 million, or 57 cents a share, for the same period a year ago. WFS Financial Inc. reported net income of $9.3 million, or 27 cents a share, down 46% from the year-earlier figure of $17.3 million, or 61 cents a share. Revenue increased 9% to $107 million.

* Newport Beach-based home builder Capital Pacific Holdings Inc. posted net income of $1.2 million, or 8 cents a share, for the second quarter, 52% lower than the $2.5 million, or 18 cents a share, reported a year ago. Revenue declined 16% to $81 million, as the company shed commercial and resort development businesses.

* InSight Health Services Corp., a Newport Beach diagnostic imaging company, said its acquisition by two East Coast equity firms has been completed. InSight said J.W. Childs Associates in Boston and Halifax Group in Washington, D.C., agreed to pay $18 a share in cash for InSight.

* Pacific LifeCorp. in Newport Beach, moving into the college savings market, said it agreed to acquire College Savings Bank in Princeton, N.J. Terms were not disclosed.

* Lou Novak has been appointed president of Playmates Toys Inc. in Costa Mesa. He had been chief executive of Mainframe Entertainment Inc.