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BUSINESS
November 24, 1999 | (Dow Jones)
Alpha Microsystems in Santa Ana, which does business as AlphaServ.com, said Tuesday that it has received a $5-million equity investment from Hampshire Equity Partners, a private equity firm in New York. Alpha Micro said in a press release that it plans to use the investment for working capital.
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BUSINESS
June 7, 2013 | By Lew Sichelman
Are you ready to bet that the great housing recession is finally over and that values are rising again? If so, some of the nation's largest institutional investors are ready to roll the dice with you. Pension funds, endowment portfolios and the like don't typically invest in residential real estate, which is the world's largest asset class. But given their long-term horizons, housing is considered a natural fit. And now there's a new investment vehicle that aligns their stash of cash with creditworthy home buyers.
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BUSINESS
March 10, 2000 | Dow Jones
SRS Labs Inc., a Santa Ana developer of audio technology, said Thursday that it has received an equity investment from Microsoft Corp. as part of a technology and marketing alliance with the software giant. The amount of the investment wasn't specified. SRS said it will use its technology to complement Microsoft's Internet audio, telephony and gaming products. Shares of SRS gained $1.63 a share, or 8.5%, to close Thursday at $20.75 in Nasdaq trading.
BUSINESS
December 25, 2011 | By Andrew Leckey
Question: I thought the sky was the limit for my shares of Monster Worldwide Inc., but apparently I was wrong. What are the prospects now? Answer: Despite robust international growth and the powerful role of the Internet in job placement, the stock of this Internet job-search pioneer is pressured by the uncertain economy. The strong employment network the company has assembled faces obstacles such as high unemployment and a growing number of online competitors. Shares of Monster Worldwide are down about 70% from their 52-week high.
CALIFORNIA | LOCAL
December 5, 2000
TDK Mediactive Inc., formerly Sound Source Interactive Inc., of Calabasas has completed an equity investment by TDK USA Corp. TDK USA acquired approximately 16.6 million shares, 74% of Sound Source's stock, for $5 million. TDK USA is a subsidiary of TDK Corp., a manufacturer of electronic components and recording media products. Sound Source Interactive Inc. has been renamed TDK Mediactive Inc. to be compatible with the company's European counterpart TDK Mediactive across Europe.
BUSINESS
October 6, 1994 | MARTHA GROVES, TIMES STAFF WRITER
The stock of Apple Computer Inc. soared 12% on Wednesday on speculation that the company will be the subject of a takeover attempt by Motorola Inc., its partner in the PowerPC chip venture. Despite official and somewhat surly "no comments" from both companies, investors bid up the price of Apple stock by $4.125 a share to $37.875 on Nasdaq, with 6.3 million shares changing hands. Motorola stock fell $1 to $50 on the New York Stock Exchange.
BUSINESS
July 30, 1994
Platinum Software Corp. said Friday that it has made an equity investment in Denver-based Financial Reporting Technology Inc. Financial terms of the agreement were not revealed. Platinum and Financial Reporting Technology each will have rights to distribute DOS and Windows versions of FRx, a software program that generates sophisticated financial reports.
BUSINESS
August 3, 1993 | From Times Staff and Wire Reports
Motorola Gets Financing for Iridium: The agreements with 12 investors or investment groups totaling $800 million moved Motorola Inc. closer to launching its $3.4-billion global wireless telephone network, called Iridium. Motorola will begin building Iridium's 66 satellites, which by 1998 would relay voice, data, facsimile and paging signals from low orbit to anywhere. The company will seek another $800 million in equity investment over the next 18 months and plans to borrow the remaining $1.
BUSINESS
January 6, 1998 | P.J. Huffstutter
Citing family commitments and a desire to spend more time with his children, Ingram Micro Inc. Vice Chairman David R. Dukes announced Monday that he will retire after the annual shareholders meeting on May 6. Dukes, who has been with the company since 1989, was one of the key figures to help take Ingram Micro public in 1996. Ingram officials credit Dukes with pushing the offering, which had been bogged down by internal turmoil and the hasty departure of the company's chief executive.
BUSINESS
June 1, 2011 | By Marc Lifsher, Los Angeles Times
The California Public Employees' Retirement System, the country's largest public pension fund, has named a new investment executive to run its $49-billion private equity portfolio. Real Desrochers, who spent a decade doing a similar job for the California State Teachers' Retirement System, replaces Leon Shahinian, who resigned in August. He left the agency after being put on administrative leave in the wake of a spreading corruption scandal at CalPERS. Shahinian was mentioned but not named as a defendant in a 2010 lawsuit filed by then-Atty.
BUSINESS
August 18, 2009 | Claudia Eller
Nearly a year after embarking on plans to relaunch DreamWorks as an independent studio, Steven Spielberg finally has the financial means to greenlight his own movies. DreamWorks said Monday that it had finalized the first phase of a long-in-the-works funding deal that paves the way for the production company to be fully operational. The funds, which will enable DreamWorks to make 18 to 20 films over the next three years, include $325 million in bank debt and a matching equity investment from Spielberg's 50% partner, India's Reliance Big Entertainment.
BUSINESS
January 3, 2009 | Bloomberg News
Shares of Starwood Hotels & Resorts Worldwide Inc. rose 16% on Friday after the company agreed to notify Sam Zell's Equity Group Investments, one of its largest investors, of any asset sale or third-party takeover offer. Starwood shares climbed $2.90 to $20.80, their highest close since Nov. 4. The shares lost 59% last year. The hotel company said in a regulatory filing after markets closed Dec.
REAL ESTATE
November 24, 2002 | Karen E. Klein, Special to The Times
In 20 years of homeownership, Barbara Bratcher had never filed a homeowners insurance claim. So when she returned from a two-week vacation last spring to find that a pipe under her kitchen sink had dripped and soaked the floor, warping her kitchen cabinets, she reported it to her State Farm agent. "They came out and tore out the warped board, replaced a piece of wall behind my sink, dried up the puddle of water and sprayed for mold," Bratcher recalled.
BUSINESS
May 29, 2002 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Buoyed by its improved financial performance, Global Crossing Ltd. said Tuesday that it will propose a bankruptcy reorganization plan that would revive the company without selling it. The announcement came just days after two key bidders for the telecommunications company balked at substantially raising their initial bid of $750 million for a 79% ownership stake. Other bidders are expected to file offers by a June 20 deadline, with an auction set for early July.
CALIFORNIA | LOCAL
March 6, 2001
B3 Corp. of Burbank, founded by Warner Music Group, has received equity investments from Wells Fargo & Co. and Zilkha Capital Partners. The investment is in the form of preferred stock pursuant to a share capital increase. B3 provides online business services for financial institutions, Web portals and large corporations.
CALIFORNIA | LOCAL
January 18, 2000 | By BARBARA MURPHY
Genstar Capital LLC, a private equity investment firm, has agreed to invest up to $19 million in Biosource International in Camarillo to help position BioSource for future acquisitions. A portion of the proceeds also will be used to reduce BioSource's current acquisition indebtedness. James H. Chamberlain, BioSource chairman, president and chief executive, said the investment will help accelerate his company's growth.
BUSINESS
July 8, 1986 | ALAN GOLDSTEIN
EyeDentify Inc., an Oregon maker of security devices that identify people through their retinas, said it will buy Chatsworth-based Cardkey Systems, a division of Fairchild Industries. Terms of the deal, expected to be completed in early August, were not disclosed. Combined sales of the two companies will be more than $40 million this year, both firms said, although neither would break down the figure. Malcolm S.
CALIFORNIA | LOCAL
December 5, 2000
TDK Mediactive Inc., formerly Sound Source Interactive Inc., of Calabasas has completed an equity investment by TDK USA Corp. TDK USA acquired approximately 16.6 million shares, 74% of Sound Source's stock, for $5 million. TDK USA is a subsidiary of TDK Corp., a manufacturer of electronic components and recording media products. Sound Source Interactive Inc. has been renamed TDK Mediactive Inc. to be compatible with the company's European counterpart TDK Mediactive across Europe.
BUSINESS
March 10, 2000 | Dow Jones
SRS Labs Inc., a Santa Ana developer of audio technology, said Thursday that it has received an equity investment from Microsoft Corp. as part of a technology and marketing alliance with the software giant. The amount of the investment wasn't specified. SRS said it will use its technology to complement Microsoft's Internet audio, telephony and gaming products. Shares of SRS gained $1.63 a share, or 8.5%, to close Thursday at $20.75 in Nasdaq trading.
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