CALIFORNIA | LOCAL
January 2, 2004
Rep. Jane Harman's 1994 campaign for Congress benefited from $21,000 illegally funneled from a Hughes Aircraft Co. fundraising event, but the violation was not deliberate, newly released documents show. The records were made public by the Federal Election Commission for the first time this week, a decade after Harman's opponent in the 1994 race sparked a minor campaign controversy by lodging a complaint with the commission about the fundraiser.
BUSINESS
January 20, 2001 | By MARC BALLON
A Florida developer said Friday that it has bought a 41.5-acre site on the old Hughes Aircraft Co. property in Fullerton and will break ground next week on a $46-million shopping mall anchored by a Target Greatland store. Regency Realty Corp., a real estate investment trust in Jacksonville, said it paid $23.4 million to acquire the property, at Malvern Avenue and Gilbert Street, from SunCal Cos. in Anaheim.
CALIFORNIA | LOCAL
October 23, 2000
William Hohri asked for the name of "one major private pension plan that provides for cost-of-living adjustments" for retirees (letter, Oct. 18). Hughes Aircraft Co.'s plan is one. This includes the time it was part of General Motors Corp. and the time it was part of Raytheon. I checked my records for the last three years and verified that my COLA percentage increases from the Hughes plan have consistently been a little greater than those for my Social Security payments. I've been receiving this kind of benefit treatment from the Hughes plan for nearly 20 years.
CALIFORNIA | LOCAL
September 19, 2000 | By DENIENE HUSTED
Public debate raged into the night Monday as the Fullerton City Council considered whether to approve a sprawling development on the former Hughes Aircraft site. The Amerige Heights complex would include 1,250 homes and a large commercial district on acreage that some residents have long argued is polluted. Several of the estimated 250 people packed into the council chambers and overflowing into the lobby spoke of their fears of contamination.
CALIFORNIA | LOCAL
March 7, 2000 | By MAURA DOLAN
A Los Angeles race discrimination case that led to an $89.5-million jury award against Hughes Aircraft Co. must be retried, the California Supreme Court decided Monday. The unanimous ruling strongly reaffirmed the broad discretion of trial judges to toss out jury verdicts they believe are not supported by the evidence. The state high court sided with Los Angeles County Superior Court Judge Malcolm H.
BUSINESS
January 11, 2000 | By BRAD BERTON
Loyola Marymount University will take over the long-vacant Westchester office building originally developed as the former Hughes Aircraft Co.'s world headquarters. The Roman Catholic university--whose campus is a stone's throw from the property commonly known as Hughes World Headquarters--is taking control of the striking hillside facility through a series of transactions valued at about $75 million. The university has purchased the land under the building.
BUSINESS
January 26, 1999 | By DAVID G. SAVAGE
The Supreme Court on Monday gave companies broad control over the handling of their pension funds, even when their employees have contributed to the fund and helped to create a large surplus. In a 9-0 ruling, the justices threw out a lawsuit brought by retirees from Hughes Aircraft Co., who maintained they should share in a $1.2-billion surplus in its pension fund. They complained that Hughes had diverted the money to other purposes, including paying for buyouts to encourage early retirements.
BUSINESS
April 28, 1998 | By DAVID G. SAVAGE
The Supreme Court on Monday agreed to hear an appeal filed by Hughes Aircraft Co. in a case involving whether retirees from the Los Angeles-based aerospace firm are entitled to claim part of an estimated $1.2-billion surplus that accumulated in the company pension fund. The decision, expected early next year, could have a profound impact on how companies handle pensions in the future.
NEWS
January 20, 1998 | By RALPH VARTABEDIAN
Raytheon Co. is expected to announce a consolidation plan as early as this week that will eliminate an estimated 5,000 to 10,000 jobs at its defense and aerospace operations nationwide, including at the former Hughes Aircraft facility in Fullerton, according to industry and company sources.
BUSINESS
January 20, 1998 | By RALPH VARTABEDIAN
Raytheon Co. is expected to announce a consolidation plan as early as this week that will eliminate an estimated 5,000 to 10,000 jobs at its defense and aerospace operations nationwide, including at the former Hughes Aircraft facilities in Southern California, according to industry and company sources.