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.
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.
June 20, 1994 |
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.
April 16, 2002 |
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.
September 24, 1994 |
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 |
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.
June 16, 2013 |
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.
November 29, 2013 |
NEW YORK - Ari Rubenstein, a "Star Trek" fan who counts physics as a hobby, wants to boldly go where Wall Street has never gone before: the speed of light. Rubenstein heads Strike Technologies, a New York company that's part of a budding cottage industry racing to build networks of ultra-fast microwave radio transmitters linking the world's financial hubs. It could be the final frontier in the financial industry's tech arms race as the fastest traders scramble to get even faster, and as regulators mull over ways to prevent technology breakdowns on Wall Street.
January 26, 2013 |
The gig : Andrew Wiederhorn is the chairman and chief executive of Fatburger Inc., a fast-food restaurant chain based in Beverly Hills. The first Fatburger opened on Western Avenue in Los Angeles in 1947 and gained notoriety when rappers Ice Cube, Tupac Shakur and the Notorious B.I.G. all mentioned the restaurant in songs. Since 2003, Fatburger has been owned by Fog Cutter Capital Group Inc., a Santa Monica investment company of which Wiederhorn is also chairman and CEO. Self-starter : Wiederhorn grew up in a single-parent family in Portland; his father died when he was age 9. In high school, he hired a lawyer to help him get permits to rent out jet-skis on the Willamette River.
November 19, 2013 |
Carpinteria-based CKE Inc., known for the raunchy commercials and juicy burgers from its Carl's Jr. chain, will be sold to the owner of decidedly G-rated brands Cinnabon and Auntie Anne's. CKE, currently controlled by affiliates of New York private equity firm Apollo Global Management, will change hands to an affiliate of Roark Capital Group, a private equity firm in Atlanta. Roark's portfolio is stuffed with popular food brands such as Wingstop, Corner Bakery Cafe, Seattle's Best Coffee and Arby's.