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BUSINESS
April 24, 2009 | Sharona Coutts and Walter Hamilton
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.
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BUSINESS
May 16, 2009 | David Zahniser
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.
SPORTS
June 20, 1994 | WILLIAM D. MONTALBANO, TIMES STAFF WRITER
A carnival of humanity with soccer as catalyst swept joyfully through the nation's capital Sunday. But Norway short-circuited the fiesta with a late goal that spoiled Mexico's first World Cup game since 1986. The 1-0 final under brutal playing conditions at RFK Stadium--96 degrees at the start of the game--established the credentials of both sides in Group E, the Cup's toughest division.
BUSINESS
April 16, 2002 | JAMES F. PELTZ, TIMES STAFF WRITER
General Electric Co.'s huge financing arm said Monday that it is eliminating 7,000 jobs and otherwise slashing costs by $1 billion this year, raising more questions about the unit's stalled growth and the potential effect on GE's overall performance. The job cuts, which equal 8% of the 90,000-person global work force of GE Capital Services, were disclosed by the division's chief financial officer, James Parke, during a meeting with bond analysts in New York.
NEWS
September 24, 1994 | WILLIAM TUOHY, TIMES STAFF WRITER
Gerry Adams, leader of the political arm of the outlawed Irish Republican Army, has been granted a visa by the U.S. Embassy in London for a 14-day visit to the United States, embassy officials announced Friday. Adams' Sinn Fein party said he will depart today for Boston, where he is expected to meet with Sen. Edward M. Kennedy (D-Mass.) and then visit eight other U.S. cities.
CALIFORNIA | LOCAL
March 17, 2010 | By Jack Dolan and Evan Halper
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.
ENTERTAINMENT
June 16, 2013 | By Jessica Gelt, Los Angeles Times
LAS VEGAS - He's the biggest nightclub owner in Los Angeles, the man whose Hyde Lounge and Shelter became prime hunting grounds for the paparazzi. He's been photographed cozying up with Paris Hilton, Kristin Cavallari and Sofia Vergara. When HBO's "Entourage" needed a club owner, he got the part - playing himself. Now Sam Nazarian is moving to shed his party boy image and become a Vegas mogul, hoping to parlay his success in L.A.'s fiercely competitive club scene into the cutthroat world of casinos.
CALIFORNIA | LOCAL
February 2, 2008 | Dennis McLellan, Times Staff Writer
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.
BUSINESS
April 10, 2014 | Roger Vincent
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.
BUSINESS
September 19, 1986
Steve Penn has been named project manager for Home Capital Development Group.
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