February 27, 2001
Veteran record executive Ron Fair has been named president of A&M Records. Fair, formerly senior vice president of artists and repertoire at RCA Records, will fill a job that has been vacant since 1999, when A&M was folded into Universal Music Group's Interscope division as part of Universal's merger with PolyGram. At RCA, Fair was credited with signing pop sensation Christina Aguilera.
January 1, 2002 |
A Southland nonprofit organization has raised a $15-million private-investment pool to purchase California rental housing at risk of being removed from federal subsidy programs. National Housing Development Corp. officials said they believe their new fund is the first of its kind in the nation to draw on private dollars to preserve affordable housing that is increasingly "flipping" to market rates. The fund promises investors an 8% annual average return. The group secured $13.5 million from nine financial institutions, which will receive federal Community Reinvestment Act credit for the three- to five-year investments, NHDC spokesman Bernard Sandalow said.
CALIFORNIA | LOCAL
July 3, 1998 |
Tellers at a San Bernardino bank branch looked up one day last fall to see three men--two dressed in camouflage and one in a business suit--trying to push through the glass-enclosed vestibule at the front of the bank. At the moment the men opened the first door the metal detector alarm buzzed and the bullet-resistant interior door automatically locked shut. Defeated by one of the region's newest security innovations, the puzzled trio turned around and walked away.