September 11, 2007
Obviously, the principal victims of abuse by the Catholic clergy are the members of the faithful, many of them children, who were betrayed by wolves in shepherds' clothing. But the civil lawsuits that have provided those victims with a measure of compensation also create collateral damage, even when steps are taken to protect core church activities. Insurance policies provide the church with only some of the resources it needs to settle these claims.
CALIFORNIA | LOCAL
July 11, 2007 |
The Beverly Hills City Council agreed Tuesday to review Mayor Jimmy Delshad's proposal that the city eliminate its pension fund investments in foreign companies operating in Iran. The proposal, designed primarily to back the state divestiture bill, AB 221, will be sent to a subcommittee to determine possible ramifications of its adoption, Delshad said.
July 5, 2006 |
Leisure and gaming conglomerate Rank Group said Tuesday that it might sell its iconic Hard Rock Cafe chain to concentrate on gambling in Britain. Shares in Rank, which last year sold its DVD business and split off its film production unit, rose 2.5% on the London Stock Exchange after it announced a review of the Hard Rock chain's "potential strategic options."
November 2, 2004 |
Smart & Final Inc. said Monday that its third-quarter profit soared as the warehouse retailer divested itself of its struggling food service operations. Los Angeles-based Smart & Final said net income increased to $11.7 million, or 36 cents a share, for the quarter ended Oct. 3, up from $916,000, or 3 cents, a year earlier. Sales at the 231-store chain increased 12% to $603.2 million from $538.4 million last year.
March 7, 2003 |
European food giant Nestle has been asked by U.S. antitrust authorities to sell another gourmet ice cream brand and some additional retail delivery systems before completing its takeover of Dreyer's Grand Ice Cream Inc., people familiar with the discussions said Thursday. Nestle on Tuesday agreed to sell three of Dreyer's super-premium ice cream brands -- Dreamery, Godiva and Whole Fruit -- and distribution networks in seven states to CoolBrands International Inc.
February 22, 2003 |
Antitrust regulators on Friday finally approved the $813-million purchase of Unilab Corp. by Quest Diagnostics Inc., the nation's largest operator of medical testing labs. The decision by the Federal Trade Commission came less than two weeks after Teterboro, N.J.-based Quest agreed to sell four medical-testing contracts in California to its chief competitor, Laboratory Corp. of America.