March 14, 2014 |
A former Fannie Mae employee was convicted late Friday of soliciting kickbacks from a broker with promises to steer lucrative listings of foreclosed homes his way. The federal court jury in Santa Ana convicted Armando Granillo of three counts of fraud, rejecting his contention that he intended to cheat only the broker, not Fannie Mae, the nation's largest home-finance firm. At the end of a two-day trial, the jury took less than two hours to convict Granillo, who sat grimly as each of the jurors affirmed the guilty verdicts.
March 11, 2014 |
Mitsubishi Electric Automotive America has leased 167,778 square feet of industrial space in Huntington Beach for its regional headquarters. The deal will allow Mitsubishi to consolidate three existing Southern California facilities under one roof at 5800 Skylab Road, real state brokerage JLL said. Terms of the 10-year deal with landlord Morgan Stanley were not disclosed, but real estate experts calculating Orange County industrial rents valued the transaction at close to $1 million a year, or $10 million total.
January 7, 2014 |
BEIRUT - The initial consignment of Syria's most toxic chemical weapons material was shipped out of the country Tuesday, international officials said, advancing a cleanup effort widely seen as a success in the midst of a long civil war that has cost more than 100,000 lives. The announcement came as the leader of an Al Qaeda-linked rebel group tried to broker a cease-fire among Syrian opposition factions that have been battling one another. A "first quantity" of so-called priority chemical materials was moved from two sites to the Syrian port of Latakia and loaded onto a Danish commercial vessel, Sigrid Kaag, who heads the international effort to rid the country of its chemical arsenal, said in a statement.
January 7, 2014 |
In its quest for an Israeli-Palestinian peace agreement, the United States has pursued essentially the same objective over several administrations. So when Secretary of State John F. Kerry announced during his latest round of shuttle diplomacy that "we can achieve a permanent-status agreement that results in two states for two peoples if we stay focused," skepticism was understandable. Not just because the peace process has been so tragically unsuccessful over the last 15 years, but because even today, each side seems intent on thumbing its nose at the other.
December 26, 2013 |
ATLANTA - Ric Reitz makes movies. He helped bankroll the Matt Damon thriller "Contagion," Clint Eastwood's "Trouble With the Curve" and the Robert Downey comedy "Due Date. " Reitz, an energetic 58-year-old, doesn't hang out at the Polo Lounge, red-carpet premieres or swank offices in Century City. Instead, he works out of a former cotton mill near Martin Luther King Jr.'s boyhood home, hustling for business at Chamber of Commerce dinners and Rotary Club lunches. Recently, he was looking forward to attending a meeting of prosperous chicken farmers.
October 14, 2013 |
The nation's biggest online seller of health insurance has joined forces with the federal government to enroll people across the country in Obamacare, but EHealth Inc. won't be signing up any Californians. The state's new insurance exchange, Covered California, is handling online enrollment on its own and, for now, it has spurned help from Silicon Valley's EHealth and other online brokers. In contrast, the federal exchange for 36 other states has embraced EHealth's website - EHealthInsurance.com - and other popular shopping sites to help reach millions of uninsured Americans.