CALIFORNIA | LOCAL
March 17, 2010 |
Billionaire gubernatorial candidate Meg Whitman has addressed potential conflicts created by her broad holdings in businesses regulated from Sacramento -- distressed mortgages, oil exploration and alternative energy among them -- by suggesting that she would place her entire portfolio in a blind trust if elected. But unloading that political baggage may not be easy. Whitman's vast fortune is spread across scores of carefully guarded funds that function as money harbors for the world's wealthiest individuals, and they can't be liquidated quickly.
CALIFORNIA | LOCAL
February 2, 2008 |
Lovie Yancey, founder of the Fatburger restaurant chain, which began with a popular post-World War II hamburger stand in South Los Angeles, has died. She was 96. Yancey, who had pneumonia, died Jan. 26 at Olympia Medical Center in Los Angeles, said her daughter, Gwen Adair. Yancey had already operated a restaurant in Tucson and was living in Los Angeles in the late 1940s when she began thinking about launching a new food business.
April 10, 2014 |
Designs for the long-anticipated Beverly Hills Waldorf Astoria, the luxury chain's first new U.S. outpost west of Chicago, have been unveiled with a flourish by local hotelier Beny Alagem. The 12-story Waldorf Astoria will stand at the intersection of Santa Monica and Wilshire boulevards next to the Beverly Hilton hotel. It will be a flagship for the Hilton company's top hotel brand, said Christopher Nassetta, chief executive of Hilton Worldwide. "When we are done, this will be one of the great hotels in the world," he said.
September 19, 1986
Steve Penn has been named project manager for Home Capital Development Group.
February 20, 2013 |
Word is out that financier Gary Winnick is quietly floating his storied estate in Bel-Air for sale at $225 million. Winnick, who founded and later sold Global Crossing, bought the Bellagio Road mansion in 2000 from Dole Food Co. owner David Murdock. The $94-million deal, which involved the telecom mogul ponying up a parcel of land, stood as the highest-priced home sale in California for years. Although a seller can ask any amount for a property, the 8.4-acre trophy home is for sale at the right price, said a person familiar with Winnick's real estate dealings who wasn't authorized to speak publicly.
January 23, 1985
Don R. Conlan has been elected president and a director of Capital Group Research Inc., a newly created investment research company within Capital Group Inc., a Los Angeles-based group of investment management companies. He remains Capital Group's chief economist and president and a director of Capital Strategy Research Inc., a subsidiary involved in international economic, government and political research. Conlan is the current chairman of the Conference of Business Economists.
August 20, 2012 |
WASHINGTON - Hard economic times have helped push millions of Americans deeply into debt, plunging many into a dark world filled with relentless collection agents, aggressive lawyers and companies that profit mightily if they can get people to pay up. Aided by outdated laws and lax oversight, debt collection has become a $12-billion-a-year business as people increasingly have fallen behind on their bills for credit cards, student loans, hospital stays...
June 22, 1999 |
The postmodern complex that dominates the horizon along the San Diego Freeway in Irvine officially is known as Park Place Office Campus. But for the last 23 years, the project--an Orange County landmark--has been home to its first Fortune 500 company, Fluor Corp. The rectangular glass buildings and tower have become so well-linked with the nation's largest engineering and construction firm that many think of the site simply as "the Fluor building."