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.
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.
February 19, 2012 |
Danielle Bemoras showed up for her job interview with a social networking company prepared for some tough questions. Instead, she found herself in the middle of a psychology experiment. The company had invited a fellow job seeker to the dinner meeting in Chicago, looking to see how the rivals would handle the pressure of a joint interview. Awkward? No question. But Bemoras just rolled with it. She avoided alcohol to keep her head clear. She skipped the sushi to prevent chopsticks mishaps.
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.