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.
September 13, 1987
Realtors apparently believe that small is beautiful--at least when it comes to the size of their office. About 43% of the 1,200 real estate firms that responded to a recent nationwide poll said they have five or fewer sales representatives. An additional 23% have six to 10 agents; only 4% had more than 50 agents. The poll was conducted by the National Assn. of Realtors, which, ironically, is the nation's largest trade group.
October 17, 2013 |
Amid the vast sea of office buildings and industrial plants just south of Los Angeles International Airport, a new office campus is emerging with a 21st century look starkly distinct from its baby boom-era neighbors. While most of Southern California's office market remains stuck in neutral as businesses decline to expand, developers in El Segundo are about to risk millions of dollars building the offices. In contrast to its more monolithic neighbors, the new complex will have 15 office buildings of widely varying sizes and shapes intended to appeal to firms in the few sectors that are expanding, such as technology and entertainment.
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.
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.
June 7, 1986 |
The exodus of U.S. companies from South Africa has grown dramatically in the past year and a half and has reached a new, more critical stage: Now, more American firms with large work forces there are leaving, considering leaving or reducing their operations. Firms with hundreds of employees in South Africa, such as General Electric and PepsiCo, are among 50 American companies that have pulled out since the beginning of 1985, including 12 so far this year.