November 26, 2009
Mail.com Media Corp. assets Mail.com: Portal that includes e-mail services, news and other information. Many links to other MMC sites. HollywoodLife.com: Celebrity and fashion news, run by Bonnie Fuller. Deadline.com: Entertainment industry news, run by Nikki Finke. Movieline.com: Movie and television news, run by former editors of Defamer. OnCars.com: Joint venture with Motr Inc., for car buyers and enthusiasts. Fan.com: Web address owned by MMC that hasn't yet launched.
February 14, 2012 |
Yahoo Inc.'s discussions to sell its stake in Alibaba Group Holding Ltd. and its Japanese operations have reached an impasse, according to a person briefed on the matter. Representatives of Alibaba and Softbank Corp., co-owner of Yahoo Japan Corp., are prepared to approach Yahoo Chief Executive Scott Thompson to explore another arrangement that would let companies buy back their stakes, said the person, who asked not to be identified because the talks are private. The value of the Asian assets is about $11.5 billion, said Sameet Sinha, an analyst at B. Riley & Co. in San Francisco.
March 2, 2014 |
Dear Liz: We have a son who is a high school junior and who is planning on going to college. We met with a college financial planner who suggested we put money in a whole life insurance policy as a way to help get more financial aid. Is that a good idea? Answer: Your "college financial planner" is actually an insurance salesperson who hopes to make a big commission by talking you into an expensive policy you probably don't need. The salesperson is correct that buying a cash-value life insurance policy is one way to hide assets from college financial planning formulas.
April 27, 2012 |
Palm Desert National Bank was seized by regulators Friday and sold to Pacific Premier Bank of Costa Mesa, which promised to be open for business as usual Monday. The Federal Deposit Insurance Corp. said depositors of the one-branch bank would be unaffected because Pacific Premier agreed to take all $123 million in Palm Desert deposits. Pacific Premier President Stephen Gardner said customers of the Palm Desert bank "will continue to conduct business as normal with the employees with whom they have built a solid long-term relationship.
March 6, 2012 |
More than three years after its collapse during the darkest moments of the global financial crisis, Lehman Bros. Holdings Inc. emerged from bankruptcy Tuesday. Rather than the start of a new chapter, however, the move is just the latest maneuver in a drawn-out process of unwinding Lehman that has gone on far longer than expected. Lehman announced that it will begin distributeing assets to creditors in a “complete liquidation.” But that process will take years, meaning that Lehman - or more accurately, its legal doppelganger - is unlikely to vanish anytime soon.
CALIFORNIA | LOCAL
April 22, 2013 |
A Los Angeles County judge lifted freeze orders on roughly $3 million in assets belonging to Ramin Salari, the property tax consultant arrested in October on charges that he bribed county Assessor John Noguez to lower tax bills for wealthy clients. On Monday afternoon, Superior Court Judge Shelly Torreabla wrote that prosecutors had been unable “to show good cause” for the freeze orders, which were placed on Salari's property in October and December of last year. She then ordered the district attorney's office to remove liens from Salari's house in Scottsdale, Ariz., and from his mother's home in Encino, and to return four cars, including a BMW, a Mercedes-Benz and a Ferrari.