Also. . .

* Long Beach-based Compass Aerospace Corp., which renegotiated bank loans in March because it couldn’t meet original terms, said it hired investment bank Donaldson, Lufkin & Jenrette Inc. to help explore alternatives. The closely held maker of plane parts and manufacturing kits didn’t say whether it’s considering a merger or sale. Compass also promoted John Reimers, who joined the company in March as chief operating officer, to chief executive. Compass said it will report a second-quarter loss of $3 million to $3.5 million. This will be the third straight quarter of lower results.