September 7, 1995 |
Money invested in young California companies nearly tripled during the second quarter as venture capitalists loaded with cash have become increasingly bullish on high-tech companies, according to a survey. Although most of the $768 million invested in California--up from $272 million in the first quarter--went to Silicon Valley companies, Southland firms received $203.6 million in venture capital, more than twice the previous quarter.
July 20, 1995 |
When Daimler-Benz AG listed its shares on the New York Stock Exchange two years ago, it got more than access to U.S. capital markets. It got U.S. securities regulations. Rather than repeat Daimler's experience, which requires the auto maker to keep separate books according to German and American accounting standards, other German companies are pursuing an easier route to the U.S. equity market--ADRs. ADRs, or American Depositary Receipts, are certificates from U.S.
CALIFORNIA | LOCAL
August 8, 1994 |
Eight months after going public, the Alexander Haagen Co. says it has raised $374 million in much-needed capital from investors around the world. The firm developed the Burbank Media City Center shopping mall in partnership with the city of Burbank. Haagen used $133 million to repay debt on the center, which was completed in 1991, said an official with the Manhattan Beach-based company.
CALIFORNIA | LOCAL
July 11, 1994 |
On Tuesday, shareholders of United Airlines are scheduled to vote to approve or reject an employee buyout of their corporation. The transaction has attracted a great deal of attention both because of its size--it would be the largest employee-owned company in history--and its structure--a majority of its stock would be held by workers who are also members of labor unions. The novelty of the proposed United arrangements has begun to provoke considerable attention.
May 15, 1994 |
The feud has resumed between the nation's cable TV operators and regional telephone companies. The industries--the Hatfields and McCoys of the telecommunications world--briefly laid down their arms last fall in the interest of building the information highway. Bell Atlantic Corp. led the way, agreeing to pay $33 billion for Tele-Communications Inc., the nation's largest cable firm. Then Bell Canada struck a deal to buy into Jones Intercable Inc., and Southwestern Bell Corp. proposed a $4.
April 8, 1994 |
Encouraged by the expanding economy, American businesses are planning a big increase in investments for new buildings and equipment. The Commerce Department said Thursday that businesses plan an 8% increase in 1994, which would be the biggest increase in capital investment since an 11.4% jump in 1989. The latest figure is sharply higher than the estimated 5.4% rise that businesses had projected just three months ago. Last year's increase was 7.1%.
February 1, 1994 |
GE Capital Corp. and the fund group headed by George Soros, the Wall Street billionaire and philanthropist, are joining forces to invest in electric power plants in developing countries, the two sides announced Monday. The new Global Power Investments will raise at least $2.5 billion and invest it in building or running privately owned power plants, the partners said. The fund will initially focus on Mexico and Asia, particularly China, India and Indonesia.
October 7, 1993 |
Like fly fishermen casting for the big one, 34 start-up companies began making their best presentations to catch investors Wednesday. The two-day investor conference at Le Meridien Hotel, which continues today, aims at putting investors and venture capitalists together with the cash-starved entrepreneurs of Southern California's fast-growing private companies. Companies making presentations get five minutes to convince attendees that they deserve money.
September 19, 1993 |
It is likely to be weeks or months before the 180 people who put money into American Capital Investments properties learn about the status of the $14.5 million they invested. Richard Shaffer, the court-appointed receiver placed in charge of the Marina del Rey company earlier this month after the Securities and Exchange Commission complained that the firm was engaging in investment fraud, said it is too early to determine how much money investors might be able to recoup.
July 8, 1993 |
Three former Bank of America Corp. executives, including former vice chairman Nicholas B. Binkley, said on Wednesday that they have formed a venture capital firm called Forrest Binkley & Brown. The threesome--which includes Greg Forrest and Jeff Brown--will open an office later this month in Newport Beach, Forrest said. The three men plan to file an application with the U.S. Small Business Administration to establish a $100-million limited partnership fund to invest in small businesses, he said.