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NEWS
January 12, 1996 | CHUCK PHILIPS, TIMES STAFF WRITER
Pop diva Janet Jackson is expected to sign a four-album contract today with Virgin Records worth an estimated $80 million--an unprecedented fee that analysts say could set the stage for another round of music industry mega-deals. The pact is the biggest ever awarded, surpassing the $60-million mark shared by such superstars as Michael Jackson and Madonna, whose six-album deals included film and joint-venture record label components.
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BUSINESS
April 3, 2014 | By Jessica Guynn
SAN FRANCISCO -- Popular image-sharing service Imgur has finished its first round of funding: $40 million from venture capital firm Andreessen Horowitz with a small investment from news website Reddit. The San Francisco company received a valuation of about $200 million, according to a person familiar with the matter but not authorized to discuss it publicly. With 130 million visiting the site each month, Imgur -- which the company pronounces as "imager" -- has become one of the Internet's most popular hangouts by capturing the fundamental shift in how people express themselves and communicate on the Internet: through sharing images.
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SPORTS
November 6, 2002 | DIANE PUCIN
Gussie Moran had legs that went on forever. She walked, the late designer Ted Tinling said, as if she were tiptoeing across tennis balls. She was a California girl with a California tan. She was a jock, she was beautiful, it was 1949 and Gussie Moran showed her lace panties at Wimbledon. "Gussie was," says Jack Kramer, part of Los Angeles tennis royalty, "the Anna Kournikova of her time. Gussie was a beautiful woman with a beautiful body.
CALIFORNIA | LOCAL
March 29, 2014 | Steve Lopez
Two opposing forces squared off last week in the latest round of a long-running battle over a $40-million mystery. In one corner was one of the most powerful heavyweights in the history of local politics: Brian D'Arcy of the International Brotherhood of Electrical Workers Local 18. On the other side was a wonkish, nerdy newcomer on the political scene: City Controller Ron Galperin. And the pipsqueak knocked out the bully. Los Angeles County Superior Court Judge James Chalfant ruled that Galperin has every right to issue subpoenas and audit two nonprofit trusts under the joint control of the Los Angeles Department of Water and Power and D'Arcy, who has refused to comply with requests for more information on how $40 million of ratepayer money that went to the trusts was spent.
NEWS
April 23, 1987
Sheriff's deputies raided homes in three counties early today, seizing more than 226 pounds of cocaine worth $40 million and exchanging gunfire with a man who shot at them, authorities said. The alleged gunman, Carlos Salas, 27, later surrendered. Neither he nor any of the deputies were injured in the shoot-out, which erupted when detectives served a search warrant on a home in Cerritos, Deputy Lynda Edmonds said.
BUSINESS
June 13, 1988
It was front-page news early last week when federal regulators closed two insolvent financial institutions in Orange County, North America Savings and American Diversified Savings. But the names got mangled in some inaccurate broadcasts around the state. When Channel 4 co-anchor Keith Morrison reported the news in Los Angeles, he inadvertently told KNBC viewers that "American Savings & Loan Corp." had been closed.
BUSINESS
April 19, 1987 | LESLIE BERKMAN, Times Staff Writer
Orange County will soon join Dallas in the limelight of a television series. The success of the new series, however, will not be measured in Nielsen ratings but in the yen it can attract; the show is targeted for Japanese businessmen. The three-hour, three-part series portraying Orange County's business and investment potential is scheduled to air early this summer in Los Angeles on Channel 18's Japan News Magazine and later on two major networks in Japan.
NEWS
April 25, 2001 | From Times Wire Reports
A company accused of poisoning the community of Anniston with toxic chemicals for decades and then covering it up has agreed to pay $40 million to settle a lawsuit brought by nearly 1,600 residents. The contamination allegedly was spread by the Monsanto Co., which manufactured PCBs in Anniston until 1972. Monsanto spun off its chemical business in 1997 into a company now called Solutia Inc.
NEWS
December 3, 1990 | From Times Wire Services
Wednesday's "Lotto 6/53" jackpot may reach $40 million since no one picked all six winning numbers in Saturday night's game to claim the top prize, lottery officials said today. Saturday night's unclaimed jackpot was $32.1 million. Five tickets had five of the selected numbers plus the bonus number. Those tickets, each worth $198,178, were sold in Fountain Valley, Ontario, San Diego, Santa Paula and Pleasanton. Another 86 tickets had five of the winning numbers, and 10,557 had four.
BUSINESS
March 6, 1987
Intermark Inc. has filed with the Securities and Exchange Commission for a $40-million convertible subordinated debenture offering that will help the San Diego-based company restructure about $56 million, or 30%, of its long-term debt, according to company officials. Intermark also plans to sell off its Superior Trans-Med ambulance subsidiary to a company owned principally by Steven C. Gibson and Glen B. Gibson.
CALIFORNIA | LOCAL
March 25, 2014 | By Jack Dolan
A Los Angeles County judge signaled Tuesday that Department of Water and Power union chief Brian D'Arcy will have to turn over records showing how two nonprofit trusts he co-directs used $40 million in ratepayer money. D'Arcy has been locked in a political and legal struggle over control of the financial information since September, following a Times report that managers at the utility had only scant information on how the money was spent. In January, City Controller Ron Galperin issued a subpoena to D'Arcy and the nonprofits demanding that they turn over internal ledgers and bank records covering the last five years.
CALIFORNIA | LOCAL
February 6, 2014 | By Jack Dolan
Los Angeles Department of Water and Power union leader Brian D'Arcy's effort to "clear the air" and explain what happened to more than $40 million in ratepayer money paid to two nonprofits has failed to convince city leaders calling for full accounting of the groups' expenditures. Instead, Mayor Eric Garcetti, City Controller Ron Galperin and City Atty. Mike Feuer said Wednesday they would ramp up actions to determine how the money was spent. The three citywide elected leaders said an opinion piece by D'Arcy in the Los Angeles Times defending the spending, and his release of an audit conducted by a firm hired by the nonprofits, falls far short of the full accounting they have been seeking for nearly six months.
CALIFORNIA | LOCAL
February 6, 2014 | Steve Lopez
From the beginning, the five-month standoff between city officials and the Los Angeles Department of Water and Power's largest public employees union has been all about politics. And the op-ed in today's Times , by IBEW Local 18 boss Brian D'Arcy,  is more political play than explanation as to what he and his henchmen have done with $40 million handed over to two nonprofits he oversees. Seventy-five percent of the money has gone to training and safety programs and 25% to administration, D'Arcy said in “clearing the air.” INVESTIGATION: DWP controversy OK, but what kind of training and safety?
BUSINESS
January 28, 2014 | By Salvador Rodriguez
Indiegogo, one of the top crowdfunding websites, announced Tuesday that it had raised $40 million in its latest round of funding from investors. The San Francisco start-up is used by entrepreneurs to raise funds for projects and products from users on the Web. The company said it would use the additional funds to continue expanding onto mobile devices, as it currently does not have any mobile apps. Indiegogo said the funding would also be used to continue expanding globally. However, the 85-person company already has a large international presence.
CALIFORNIA | LOCAL
January 28, 2014 | Steve Lopez
You can add the Los Angeles County district attorney's office to the long list of agencies and public officials going after one of the most powerful political players in the city. A D.A. source told me Tuesday that prosecutors have renewed their interest in getting their hands on records being withheld by Brian D'Arcy, head of the largest union representing employees at the Department of Water and Power. The D.A.'s office is working with City Controller Ron Galperin to figure out the "best way to obtain and examine" the records, I'm told.
CALIFORNIA | LOCAL
January 16, 2014 | By Jessica Garrison
Air district officials filed a lawsuit Thursday seeking up to $40 million from a Vernon battery recycler accused of posing a health risk for emitting too much lead and arsenic. The South Coast Air Quality Management District sued Exide Technologies in Los Angeles County Superior Court, accusing the company - one of the world's largest manufacturers and recyclers of lead-acid batteries - of exposing tens of thousands of people to cancer-causing chemicals and failing to take timely action to address problems with pollution control systems.
NEWS
November 12, 1987
The Arnold and Mabel Beckman Foundation has given Caltech $40 million to endow the Beckman Institute, which will research ties between biology and chemistry. The institute will be built just west of Beckman Auditorium, which, along with the Mabel and Arnold Beckman Laboratories on Behavioral Biology and Chemical Synthesis, was a gift to Caltech. The new institute will be headed by Harry Gray, the Arnold O. Beckman professor of chemistry at Caltech.
SPORTS
June 14, 2005 | From Associated Press
Jimmy Rollins says he's one of the top shortstops in baseball. Now, he has a salary to prove it. Rollins agreed to a $40-million, five-year contract extension with the Philadelphia Phillies on Monday. The 26-year-old shortstop has spent his career with Philadelphia and was eligible for free agency after the 2006 season. His contract includes a $5-million signing bonus. Philadelphia holds a club option for 2011 at $8.5 million with a $2-million buyout.
CALIFORNIA | LOCAL
January 9, 2014 | By Jack Dolan
The Los Angeles Department of Water and Power, mired in a series of controversies over employee perks, rate hikes and customer service problems, lost its general manager Thursday as Ron Nichols announced he is stepping down. Nichols becomes the latest in a revolving door of leaders to cycle through the nation's largest municipal utility, which has seen five general managers since 2007. Mayor Eric Garcetti is now searching for a replacement who will face obstacles on several fronts.
CALIFORNIA | LOCAL
January 8, 2014 | By Jack Dolan
Brian D'Arcy, leader of the Los Angeles Department of Water and Power's largest union, failed to appear at a meeting Wednesday morning to begin explaining how more than $40 million in ratepayer money was spent by two nonprofits he co-manages. City Controller Ron Galperin is attempting to audit the nonprofits -- the Joint Training Institute and the Joint Safety Institute -- following a Times report in September that showed the city-owned utility had only scant information on how the money has been used.
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