January 5, 1989 |
Fans of "The Phantom of the Opera" will zero in on benefits before and after the show opens to the public at the Ahmanson Theatre. The first gala, a benefit performance for the Center Theatre Group of the Music Center, will be May 20, say benefit chairwomen Terri Childs, Nancy Vreeland, Robin Parsky, Debbie Tellefsen and Jane Weintraub. Then, Childrens Hospital of Los Angeles expects to fill the Ahmanson for a May 26 benefit show, which will include an elegant dessert intermission.
September 21, 1989 |
Chase Manhattan Corp., the nation's second-largest bank holding company, announced Wednesday a series of bold steps to improve its balance sheet, including a $1.15-billion increase in reserves to cover potential losses on loans outstanding to developing countries. The increase, which adds about 50% to Chase's loan-loss reserves, is part of a package of steps that will result in a $1.26-billion after-tax charge against the company's third-quarter earnings.
August 29, 1992 |
* The stock market pieced together a small gain as traders kept a cautious eye on the dollar, which ended mixed. * The yen soared after Japan released details of a program to boost its economy. * Bonds were mostly lower in quiet trading. The yield on the Treasury's main 30-year bond, which rises when prices fall, edged up to 7.42% from 7.39% Thursday. Stocks The Dow Jones average rose 12.97 points to 3,267.61, finishing the week with a gain of 13.51 points.
June 9, 1995 |
Moving much more aggressively than expected, Japanese investors sold or put on the auction block $6.36 billion in U.S. real estate in 1994 and are expected to unload an even larger portion of their troubled U.S. property portfolio this year, according an annual investment survey released Thursday.
June 12, 1988 |
Come September--a little over a year after ground was broken--residents of this city will be able to move into affordable, close-in apartments a few minutes from Union Square and the financial district. In a city where housing is very limited and new housing is almost unheard of, the $130-million, 1,113-unit Fillmore Center projectrepresents the largest single addition to this city's housing stock in 20 years, according to Thomas Numainville, vice president of Housing Associates Inc.
May 26, 1998 |
South Korean stocks tumbled to close at an 11-year low Monday as local institutions dumped blue chips and foreign investors yawned at the removal of the foreign stock ownership limit. The decline continued early today in near-panic selling, brokers said. In other foreign trading Monday, when U.S. markets were closed in observance of Memorial Day, the dollar soared to near a seven-year high against the Japanese yen, on mounting pessimism about Japan's economic prospects.
May 27, 1999 |
A group of investors led by former baseball commissioner Peter Ueberroth, golf great Arnold Palmer and actor Clint Eastwood is close to completing a deal to purchase the famed Pebble Beach golf resort for about $800 million. Ueberroth's group has been in exclusive negotiations with the Lone Cypress Co., current owner of the resort, to acquire Pebble Beach Co.
October 9, 1992 |
* After five losing sessions, the stock market staged a broad advance, inspired partly by a government report that showed a downturn in jobless benefit claims. The Dow Jones industrials rose 23.78 points to 3,176.03. * The dollar jumped against most currencies, as some traders decided that U.S. interest rates have seen their lows for this economic cycle--despite rumors to the contrary. * Treasury bond yields eased after rising sharply since last Friday.
May 26, 1993 |
Market Overview * Stock prices pieced together a modest overall gain in a session marked by selling in some computer issues. * Treasury bond yields rose after Federal Reserve Chairman Alan Greenspan set off inflation alarms by saying business conditions are ripe for a fresh wave of job growth. * The dollar tumbled to another historic low against the Japanese yen, slipping under the psychologically significant 110-yen level.
September 12, 1989 |
Sporadic selling pushed stock prices lower Monday in the lightest trading in more than two months while investors were sidelined waiting for economic indicators due at the end of the week. The Dow Jones index of 30 industrials, down more than 20 points at mid-session, closed with a 5.13 loss at 2,704.41. The index fell 42.55 last week. Big Board volume totaled 126.02 million shares, down from 154.09 million Friday and the lightest total since 68.87 million were traded July 3.