CALIFORNIA | LOCAL
February 26, 1986 |
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.
June 15, 1995 |
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.
January 21, 2000 |
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 |
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.
December 20, 2006 |
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.
August 16, 1997 |
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.
May 13, 2007 |
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.
May 17, 1990 |
The parent of Lucky and Alpha Beta supermarkets gave up its costly legal battle to merge the two big chains and agreed Wednesday to sell most of its Alpha Beta stores in Southern California. Under a deal reached with California Atty. Gen. John K. Van de Kamp, American Stores consented to divest 152 of its Alpha Beta stores and nine of its Lucky Stores within five years.
July 21, 1999 |
Certified Grocers of California, a Commerce-based cooperative that supplies independent supermarket chains, said Tuesday it has found buyers for 26 of the 32 divested stores purchased from Albertson's following its merger with American Stores Co. The sale of the stores, which are located from San Diego County to Santa Barbara, will give a number of independent operators--all supplied by Certified--a foothold in new markets. It will also give one ethnic supermarket chain, Carson-based K.V.
CALIFORNIA | LOCAL
January 20, 2006 |
University of California regents on Thursday stopped short of a decision to pull UC money immediately out of investments in Sudan but instructed their fund managers to express the university's concern about firms that have "significant business relationships" in the war-torn African nation. The regents promised to revisit the issue in March, when they are expected to hear a detailed plan for divestment by a newly appointed task force that will include regents, faculty members and students.