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ENTERTAINMENT
October 4, 2013 | By Daniel Miller
Sony Pictures Entertainment is finalizing a new co-financing deal with Blue Anchor Entertainment, a venture from showbiz lawyer John LaViolette and "Doctor Dolittle" producer Joseph Singer, according to people with knowledge of the matter.  The three-year equity financing arrangement would provide Sony Pictures with $300 million to $350 million, executives close to the talks who were not authorized to comment publicly said. The arrangement could also include a credit facility. Sony Pictures, a unit of Tokyo-based Sony Corp., declined to comment.
ARTICLES BY DATE
TRAVEL
April 27, 2014 | By Jen Leo
If Mom and Dad refuse to give you money for your travels, this website offers hope. Name: http://www.Trevolta.com What it does: Helps travelers crowd fund their global adventures. Cost: Varies depending on whether you have a fixed or flexible funding campaign. There's also a PayPal fee (the method used to collect donations). What's hot: I love that many of the trips are purpose-driven. Your "funding campaign" is placed in a category such as "Charity and Volunteering," "Education and Research," "Music and Arts," "Meaningful" and more.
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BUSINESS
February 4, 2014 | By Shan Li
Solar financing company Sunrun acquired a residential solar business that will expand its reach in the booming California solar market. The San Francisco company is purchasing three subsidiaries of Mainstream Energy Corp.: solar product distributor AEE Solar, equipment manufacturer SnapNrack and the residential solar division of REC Solar. Sunrun in a statement said the acquisitions would enable the company to lower costs for consumers and improve access to solar panels. Terms of the deal were not released.
CALIFORNIA | LOCAL
April 24, 2014 | By Chris Megerian
SACRAMENTO - Gov. Jerry Brown has both Democrats and Republicans on board with the broad outlines of his plan for stockpiling some cash and paying off debt. But as the special legislative session Brown called on the issue opened Thursday, it was clear that, as lawmakers like to say, the devil could be in the details. Republicans, whose votes the Democratic governor needs to place his measure on the fall ballot, want tighter controls on the reserve fund than the governor has proposed.
SPORTS
February 22, 2012 | By Lance Pugmire
Sacramento Mayor Kevin Johnson, NBA Commissioner David Stern and Sacramento Kings ownership are scheduled to gather at All-Star Weekend in Orlando to discuss terms for the financing of a new arena to submit to the city council on March 6. In a joint news release by Johnson and Stern, the sides expressed confidence about meeting the NBA-imposed March 1 deadline to produce a plan to pay for a new $387-million arena downtown. "Our approach makes good on the principles that have guided us throughout this process: protecting the taxpayers, creating jobs, and pursuing an open and transparent process," Johnson said in the statement.
BUSINESS
September 26, 2013 | By Tiffany Hsu
J.C. Penney publicly defended its trajectory Thursday after watching its stock plunge amid speculation that it needed another financing boost. In a statement, the retailer said it is “pleased with its progress thus far in the company's turnaround and the traction its initiatives are starting to achieve.” J.C. Penney also said it was “starting to see greater predictability in its performance across many areas” -- a nod to several recent...
ENTERTAINMENT
September 30, 2013 | By Daniel Miller
Warner Bros. Pictures has struck a film financing deal with RatPac-Dune Entertainment LLC, a new entity formed by Dune Entertainnment's Steven Mnuchin and RatPac Entertainment, the film finance vehicle of filmmaker Brett Ratner and Australian businessman James Packer. The four-year co-financing deal is valued at about $450 million, according to a source with direct knowledge of the matter who was not authorized to comment publicly on the matter. It will cover as many as 75 titles from Burbank-based Warner Bros.
CALIFORNIA | LOCAL
August 24, 1987
Leo Trombatore's (state director of transportation) letter (Aug. 14) reveals the un-Republican, anti-Adam Smith philosophy of the Deukmejian Administration's bond proposal for highway financing. It does not provide the "more balanced approach to highway finance" promised by Trombatore. It continues and exacerbates the present imbalance--sales taxes, property taxes and businesses pay the public cost for motorists and truckers, particularly the latter. It is this imbalance which has gotten us into this mess in the first place.
BUSINESS
July 20, 2011 | By P.J. Huffstutter, Los Angeles Times
In a bid to fight childhood obesity and change eating habits on the local level, First Lady Michelle Obama is expected to announce a healthful food financing initiative Wednesday that aims to draw grocery stores into so-called food desert areas in California. The $200-million program, dubbed the California FreshWorks Fund, is a joint effort by the California Endowment and a team of grocery industry groups, healthcare organizations and leading Wall Street banks. Modeled after similar funds launched in New York City and Pennsylvania, the idea for the California fund was hatched about 18 months ago by the California Endowment, a private, statewide health foundation.
BUSINESS
August 17, 2010 | By Claudia Eller, Los Angeles Times
In an era when movie capital is tough to come by, David Ellison, the 27-year-old son of Oracle Corp. co-founder and Chief Executive Larry Ellison, has raised $350 million to co-finance films with his studio partner Paramount Pictures. The funds — $150 million in equity and a four-year, $200-million revolving credit facility led by JPMorgan Chase & Co. — will enable Ellison to step up production at his movie label Skydance Productions. Ellison's father, ranked by Forbes magazine as the sixth-richest person in the world, with an estimated net worth of $28 billion, provided an undisclosed portion of the equity, according to people with knowledge of the deal.
CALIFORNIA | LOCAL
April 24, 2014 | By Patrick McGreevy
SACRAMENTO - State authorities Thursday imposed $40,000 in fines against Sen. Tom Berryhill (R-Modesto) and two GOP committees after finding that the lawmaker laundered that amount of political money into his brother's 2008 Assembly campaign. The state Fair Political Practices Commission voted unanimously to uphold an administrative law judge's ruling that Berryhill committed a "serious and deliberate" violation of California's campaign finance laws. The commissioners decided in a 20-minute closed session to include in the fines the Stanislaus County and San Joaquin County Republican central committees for their role as conduits in passing $40,000 from Berryhill to his brother's successful campaign.
CALIFORNIA | LOCAL
April 18, 2014 | By Seema Mehta
The state's political ethics watchdog has opened an investigation into the finances of a political action committee founded by gubernatorial candidate Tim Donnelly, according to a report published Friday evening by the Sacramento Bee.‎ The California Patriots PAC, designed to promote conservative candidates, has not filed financial disclosure statements since October 2012, according to the Fair Political Practices Commission. Donnelly disputes this, telling the Bee that the reports were filed and new copies were sent to the FPPC on Thursday.
CALIFORNIA | LOCAL
April 17, 2014 | Bloomberg News
Gene Estess, a broker who gave up the pay and perks of Wall Street for a second career helping New York City's homeless, has died. He was 78. He died April 9 at his home in Brooklyn, N.Y., according to his wife, Pat Schiff Estess. The cause was lung cancer, diagnosed about six months ago. Raised in Illinois on the Mississippi River, Estess found himself unable to ignore the inequality on the streets of New York. He remained interested in poverty and homelessness while living in the leafy suburb of Armonk in Westchester County and working as an options specialist at L.F. Rothschild & Co., an investment bank and brokerage firm.
CALIFORNIA | LOCAL
April 13, 2014 | Catherine Saillant, Abby Sewell
Bobby Shriver, the first Los Angeles County supervisorial contender in 18 years to opt out of voluntary campaign spending limits, is calling for a major overhaul of county election laws, including lifting fundraising restrictions on candidates who use personal wealth to help pay for their campaigns. Last month, the Santa Monica lawyer and nonprofit director contributed $300,000 of his own money to his effort to succeed longtime west county Supervisor Zev Yaroslavsky. Shriver, a member of the Kennedy political family, criticized a $1.4-million voluntary spending limit in the June 3 primary as inadequate to get his message out to 2 million constituents.
NEWS
April 12, 2014 | By Don Lee
WASHINGTON - The U.S. made clear this week that it wants the International Monetary Fund to be the emergency lender for countries like Ukraine, but American lawmakers have persistently refused to give the IMF the additional financial firepower that it has sought. That tension was evident in meetings concluding this weekend of the IMF, the World Bank and representatives of the Group of 20 major economies: Washington's long delay in ratifying changes to the IMF's so-called quota system came under fire from finance ministers and other officials of many countries.
CALIFORNIA | LOCAL
April 11, 2014
Van Vlahakis Ecology-minded entrepreneur founded Earth Friendly Products Van Vlahakis, 79, an ecology-minded entrepreneur who manufactured and marketed environmentally safe cleaning products, including the best-selling ECOS laundry detergent, died Sunday at his home in Key Largo, Fla., his family said. The cause of death was not known. The Greek-born Vlahakis founded Venus Laboratories in the garage of his Chicago home in 1967. A decade later he changed the name to Earth Friendly Products and opened a headquarters and factory in Garden Grove.
REAL ESTATE
March 15, 1987
Permanent financing of $60 million for the Arco Tower complex in downtown Long Beach has been arranged through the Denver office of L. J. Melody & Co., Houston-based mortgage banker and investment concern. The financing for the complex, owned by Pacific Tower Associates, was provided by the Teacher Retirement System of Texas. The twin 14-story towers in the Arco complex at 200-300 Ocean Blvd. contain more than 473,000 square feet of office space.
OPINION
May 16, 1993
Woo complains that Riordan is trying to buy the election. So? Most people take good care of what they have paid for. HOLLACE WHITE Los Angeles
ENTERTAINMENT
April 9, 2014 | By Daniel Miller, This post has been updated as indicated below.
Sony Pictures Entertainment has closed a $200-million co-financing deal with LStar Capital and Citibank, according to sources familiar with the matter who were not authorized to comment publicly.   The multiyear equity and debt arrangement will cover the film and television studio's coming movie slate, which includes this summer's "The Amazing Spider-Man 2" and "22 Jump Street. " The transaction closed Tuesday. The pact mitigates the studio's risk if its 2014 slate disappoints.
CALIFORNIA | LOCAL
April 2, 2014 | By Emily Alpert Reyes
More than 450   medical marijuana shops have filed renewals to pay Los Angeles business taxes this year - more than three times as many as are allowed to stay open under Proposition D. The new numbers won't settle the debate over how many medical marijuana businesses are now operating in Los Angeles. Additional pot shops may be open but have fallen delinquent on their taxes. Some may have never registered to pay taxes at all. But the numbers provide the latest hint at what has happened since Los Angeles voters passed new rules attempting to restrict medical marijuana shops.
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