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.
September 16, 2011 |
At a glance, it is clear this is no run-of-the-mill farm: A 6-foot spiked fence hems the meticulously planted vegetables and security guards control a cantilevered gate that glides open only to select cars. "It is for officials only. They produce organic vegetables, peppers, onions, beans, cauliflowers, but they don't sell to the public," said Li Xiuqin, 68, a lifelong Shunyi village resident who lives directly across the street from the farm but has never been inside. "Ordinary people can't go in there.
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.
May 16, 2009 |
A pension board appointee of Los Angeles Mayor Antonio Villaraigosa may have violated city law by accepting a campaign donation from a Los Angeles businessman whose client sought a $10-million investment from the board. Kelly Candaele, who served until three weeks ago on the board of the Los Angeles City Employees' Retirement System, received $1,000 on Dec. 2 from Dan Weinstein, managing director of Wetherly Capital Group. That firm pitches investments to city and state pension boards.
April 24, 2009 |
A Los Angeles investment firm run by a well-known Southern California political operative has become ensnared in a widening probe into the fees paid to advisors who help place investments in public pension funds. Wetherly Capital Group has come under scrutiny for a $313,750 payment it made to a firm run by a New York political advisor who was arrested last month on charges of running a kickback scheme involving New York state's pension fund.