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Divestment

BUSINESS
April 12, 2001 | Reuters
News Corp. has finalized a pact to sell a Salt Lake City television station to gain regulatory approval for its purchase of Chris-Craft Industries Inc., U.S. antitrust enforcers said. News Corp., which owns Fox television network and 23 U.S. television stations, had foreshadowed the sale in January when it announced that the Department of Justice had closed its investigation into the proposed $5.3-billion deal.
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BUSINESS
August 3, 1999 | Times Wire Services
AutoNation Inc. plans to separate its lackluster rental car business, which includes the National Car Rental and Alamo Rent-a-Car chains, from its growing auto sales operations as Chairman H. Wayne Huizenga moves to boost the firm's lagging stock price. The nation's largest car retailer also said its president and chief operating officer, John H.
CALIFORNIA | LOCAL
February 26, 1986 | THOMAS OMESTAD, Times Staff Writer
California Lutheran University, a private institution in Thousand Oaks with 2,350 students, has sold the last of its stock in companies doing business in South Africa in a move aimed at condemning apartheid. About $50,000 in Chevron Corp. stock was sold after the school's Board of Regents on Jan. 11 endorsed full divestment of stocks in firms doing business in the racially divided nation, university President Jerry H. Miller said Tuesday.
CALIFORNIA | LOCAL
February 14, 2007 | Susannah Rosenblatt and Duke Helfand, Times Staff Writer
Joining a growing backlash to the humanitarian crisis in Sudan, Los Angeles city and county officials are taking steps this week to cut financial ties with companies that do business with the Sudanese government. The Board of Supervisors voted unanimously Tuesday to urge the county's retirement system to divest from businesses that have interests in the East African country.
BUSINESS
June 15, 1995 | From Bloomberg Business News
W.R. Grace & Co. will spin off its health care unit to shareholders rather than sell it or accept merger proposals. The specialty chemical and medical company said it rejected an informal merger bid for its National Medical Care Inc. unit from Vivra Inc., a rival kidney dialysis company, and a $3.5-billion purchase offer from the head of the unit. Grace is transferring $1.4 billion of its $2-billion debt to National Medical Care as part of the transaction. Boca Raton, Fla.
BUSINESS
January 21, 2000 | (Edmund Sanders)
EMB Corp., the Costa Mesa-based video-conferencing company, said Thursday it plans to sell its mortgage and real estate units to Irvine-based e-Net Financial Corp. for nearly $14 million in cash and stock. E-Net agreed to pay $4 million in cash and 7.5 million shares, valued about $9.8 million, based on the e-Net's average stock price over the past two months. By selling certain assets--including American Residential Funding Inc., Residential Mortgage Corp.
CALIFORNIA | LOCAL
August 21, 1985 | DANIEL M. WEINTRAUB, Times Staff Writer
The San Diego County Board of Supervisors on Tuesday voted unanimously to urge the county's retirement board to withdraw more than $80 million invested in firms doing business in South Africa. The board approved the proposal without discussion. Supervisor Leon Williams, chairman of the board and its only black member, said he hoped the action would help overturn a system "more oppressive" than the British government's rule over the colonies before the American Revolution.
BUSINESS
December 20, 2006 | From the Associated Press
Morgan Stanley Inc., the second-biggest investment house on Wall Street, said Tuesday that it would shed its Discover credit card business. Speculation has swirled for years that Morgan Stanley would split off the No. 4 credit card brand to focus on its prime investment banking, brokerage and trading operations. Shareholders have urged Morgan Stanley to unload Discover because it has steadily been losing ground in a crowded field of larger competitors.
BUSINESS
August 16, 1997 | From Bloomberg News
Columbia/HCA Healthcare Corp. has received queries from companies wanting to buy parts of its far-flung network of health-care businesses, Chief Operating Officer Jack Bovender said Friday. Bovender said in an interview that potential buyers, including HealthSouth Corp., have approached the company but that Columbia isn't in talks with any of them. In addition to its 342 hospitals and 570 home-health sites, Columbia runs skilled-nursing, rehabilitation and outpatient-surgery businesses.
BUSINESS
May 13, 2007 | Kathy M. Kristof, Times Staff Writer
Adam Sterling wants individual investors to know that they are a powerful force -- and they can use that power to help stop genocide halfway across the world in the Sudanese region of Darfur. If American investors pull their money from companies that fund the Sudanese government, Sterling believes that government will be forced to curtail atrocities by its forces and allied militias in their fight against Darfur rebels.
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