March 16, 1985
New York-based Refac Technology Development said it filed suit in U.S. District Court in New York seeking damages against the manufacturers and retailers of products containing a digital time display circuit that Refac claims is covered by a patent owned by one of its subsidiaries. Refac President Phil Sperber said that among those accused in the suit of unauthorized use of the circuit, which is used in watches and calculators, are McDonald's Corp., J. C. Penney and Associated Dry Goods.
CALIFORNIA | LOCAL
September 16, 1987 |
Business people take note: The two-martini lunch and the after-work "happy hour" may be on the wane, according to a survey on corporate alcohol use in Orange County.
May 24, 1989 |
American firms agreed today with U.S. authorities that Japan's telecommunications market is closed to foreign goods but could not agree which Japanese products should be hit with 100% retaliatory tariffs. They testified before an interagency committee considering which goods should be slapped by the sanctions
September 18, 2009 |
Four more private equity firms involved in a corruption scandal at New York's public pension fund have agreed to pay restitution and to stop using politically connected middlemen to win pension fund business, state Atty. Gen. Andrew Cuomo said. Combined, HM Capital Partners, Levine Leichtman Capital Partners, Access Capital Partners and Falconhead Capital will pay about $4.5 million to the state's common retirement fund.
November 2, 1989 |
Japan's powerful Trade Ministry summoned the president of computer giant NEC Corp. today to reprimand him for cutthroat bidding, just one day after giving a similar dressing-down to rival Fujitsu. Japanese officials said they worried that 1-yen (less than 1-cent) bids made by the two companies for major computer software contracts inside Japan would give fresh ammunition to U.S. critics of Japanese business practices.
CALIFORNIA | LOCAL
December 5, 1985 |
The U.S. Environmental Protection Agency said Wednesday that federal charges filed against three Los Angeles-area electroplating firms it accuses of violating the Clean Water Act mark the opening of the second stage of an enforcement effort to rid sewers of toxic chemicals. "These are the first cases of this kind filed in this district," Assistant U.S. Atty. Joseph Butler said Wednesday.
September 18, 1985
A spokesman for the partnership formed by Atlantic Richfield, Bank of America and a subsidiary of RCA said that Eastdil Realty and First Boston Real Estate, both of New York, will help develop a marketing strategy for the twin 52-story Arco Tower offices, located at 5th and Flower streets. Arco and B of A intend to lease back space in the buildings, which serve as Arco's world headquarters and the Southern California headquarters for Bank of America.
December 13, 1986 |
For years now, civic leaders downtown have told each other that the Metro Rail subway is essential for Los Angeles to become a "world city" and center of Asian commerce. Accordingly, a Metro Rail milestone was passed Friday with a major Japanese firm, Ohbayashi Corp., emerging as the leading candidate to dig the first subway tunnel through downtown next year. Sealed bids for the huge job were read publicly shortly after 2 p.m.
May 2, 2013
Los Angeles stock brokerage Crowell, Weedon & Co. on Wednesday said it was acquired by a larger rival, though terms were not released. Chief Executive Andrew Crowell said his firm was bought by D.A. Davidson & Co. The deal would further strengthen the firms, Crowell said. Combined, they will hold $43.5 billion in client assets, with Crowell Weedon bringing in $9 billion of that. Discussions of a combination began about three years ago, Crowell said, but really took off in the last year and a half.
CALIFORNIA | LOCAL
February 6, 1985 |
Fear of "hackers" and electronic whizzes is spurring some Southern California corporations to tighten security at their computer installations. But many companies have hardly protected their computer systems at all and could be sitting ducks for electronics experts eager to steal secrets or money, according to a recent Price Waterhouse study.