February 17, 1985 |
A mining company is gambling that millions of ounces of gold are buried in the lush Blue Ridge Hills. It is spending $270 million to get to the ore, reviving memories of California's Gold Rush. The gamble, for Homestake Mining Co. of San Francisco, centers on the price of gold. Richard W. Stumbo Jr., Homestake's chief financial officer, estimates that it will cost $300 to produce each ounce of gold at the new mine. That is the level that gold prices have been hovering at recently.
CALIFORNIA | LOCAL
October 29, 1991 |
In the first step of what promises to be a drawn-out effort, the co-owner of the Los Alamitos Race Course on Monday marched before the City Council and unveiled plans to bring a card casino to the horse racing facility. Lloyd Arnold, who along with Sacramento businessman Chris Bardis bought the track in 1989 from financially troubled Hollywood Park, wants to put a 24-hour gambling parlor on 15 acres next to the track.
June 17, 2005
Santa Monica-based Activision Inc. named former Procter & Gamble Co. executive Michael Griffith as chief executive of the game maker's publishing unit. Griffith's predecessor, Ron Doornink, was appointed chairman of the unit.
January 13, 2009 |
Many parents slather Vicks VapoRub on their sniffling, coughing kids when they're sick -- because, by gosh, that's what their parents did to them. For children under the age of 2, the folksy remedy could be dangerous, researchers warned today.
October 18, 2005 |
Newell Rubbermaid Inc. said Chief Executive Joseph Galli resigned "by mutual agreement" with the board, ending a tenure of more than four years marked by job cuts, plant closings and attempts to turn the consumer products maker around. Newell board member and former Procter & Gamble Co. executive Mark Ketchum was named interim CEO.