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CALIFORNIA | LOCAL
August 1, 2012
R.G. Armstrong Actor a favorite of Peckinpah R.G. Armstrong, 95, a veteran character actor who started his career in the 1950s on Broadway, segued to television, then solidified his standing as a favorite of filmmakers Sam Peckinpah and Warren Beatty, died Friday at his home in Studio City of natural causes, said his daughter Daryl Armstrong. Robert Golden Armstrong was born April 7, 1917, in Birmingham, Ala., and graduated from the University of North Carolina. After college he studied at the Actors Studio in New York and was cast in Elia Kazan's original 1955 Broadway staging of Tennessee Williams' "Cat on a Hot Tin Roof.
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BUSINESS
September 19, 1986
Steve Penn has been named project manager for Home Capital Development Group.
BUSINESS
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.
BUSINESS
April 12, 2011 | By Tiffany Hsu, Los Angeles Times
The tortured saga of Global Crossing Ltd., which went from vast riches to disdain with the bursting of the tech bubble, is coming to an end. The telecommunications network provider has agreed to be purchased by rival Level 3 Communications Inc. for $1.9 billion. Global Crossing, which made its founder, Gary Winnick, one of the richest men in Los Angeles before turning him into a symbol of corporate greed, will be acquired for $23.04 a share, a 56% premium on its Friday closing price, pending approval by shareholders and regulators.
BUSINESS
February 20, 2013 | By Lauren Beale, Los Angeles Times
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.
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