October 23, 2009 |
Boutique investment banking firm Imperial Capital Group Inc. has filed to go public, hoping to tap investors' improved appetite for new stock issues. In a preliminary prospectus, the Century City firm proposed to raise as much as $150 million in a deal that would allow management to cash out a portion of its ownership stake. But besides that, and paying off a $10-million credit line, Imperial said it hadn't decided what to do with the money it would raise, other than use it for general corporate purposes.
January 27, 2007 |
State prosecutors got a green light Friday to continue their fraud case against the Los Angeles-based company that manages American Funds, the largest U.S. stock and bond mutual fund group. A California Court of Appeal panel in Los Angeles ruled that Atty. Gen. Jerry Brown had the right to pursue the state's 2-year-old suit alleging that the fund company failed to adequately explain to its shareholders how it compensated brokerages that pitched its products. Capital Group Cos.
January 12, 2000 |
The Orange County Zodiac A-League soccer team will be purchased today by Peacock Financial, a venture capital firm in Temecula, according to Rick Brown, who was team president when the Zodiac ceased operations on New Year's Eve. The A-League assumed control of the franchise last week when former owner John Frankhouse defaulted on a $50,000 letter of credit.
April 6, 2006 |
Altra Inc., a Los Angeles-based biofuel company, said it received $50 million in financing from a group of private investors including venture capitalist Vinod Khosla, a founder of Sun Microsystems. Altra, founded in 2004 as Malibu Capital Partners Inc., acquires and develops projects using renewable energy, including ethanol and biodiesel. The investors are Khosla Ventures, Angeleno Group, Kleiner Perkins Caufield & Byers, Omninet Private Equity and Sage Capital Partners.
August 4, 2012 |
NEW YORK — Knight Capital Group lurched into the weekend with executives scrambling to find a buyer or secure emergency funding needed for survival. The battered trading firm was said to be meeting with private equity investors and rival financial firms about putting together a deal. Knight has been left cash-strapped after a software glitch caused $440 million in losses from erroneous high-speed trades this week. The brokerage did get a few boosts. Shares skyrocketed 60% on unconfirmed reports Knight secured a line of credit to stay in business through late Friday.
CALIFORNIA | LOCAL
September 12, 2000 |
Independent Capital Management Inc., based in Santa Ana, has signed a five-year lease extension with BKS Camarillo Partners for a 4,000-square-foot office space at Camarillo Business Center. Bill Kiefer of NAI Capital Commercial represented both sides in the transaction.
September 17, 1992 |
A top corporate finance executive has left Cruttenden & Co. to start his own investment banking firm that will help raise capital for biomedical and small technology companies in Orange County. Michael Danzi, 33, recently formed Danzi Capital Group in Irvine, which will specialize in raising cash for technology companies through private equity or debt offerings. "This area is a real hotbed of activity," Danzi said Wednesday.
August 1, 2012 |
NEW YORK - A trading glitch led to some puzzling stock movements on Wall Street, prompting the New York Stock Exchange to cancel some morning trades in six companies' shares. The exchange found "irregular trading" in 148 stocks shortly after the opening bell Wednesday - problems apparently stemming from a technology issue at New Jersey brokerage Knight Capital Group. After conducting a review, the exchange's operator, NYSE Euronext, identified six stocks whose trades "will be busted" if executed at 30% or more above or below their opening prices.
October 11, 1990 |
Would-be investment bankers, stockbrokers and traders of the Soviet Union got a rare chance this week to grill American experts representing the New York Stock Exchange about everything from savings bonds to insider trading. The opening day of a Soviet stock market is at least several months away. But Soviet financiers invited the New York Stock Exchange, that bastion of capitalism, to tell them all they could about buying low and selling high.