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October 31, 2006 | From Reuters
French electrical equipment group Schneider Electric said it had agreed to buy American Power Conversion Corp. for about $6.1 billion in cash at $31 a share to expand in the uninterrupted power supply business. West Kingston, R.I.-based APC was under pressure from a shareholder, Matrix Asset Advisors Inc., to sell itself because its share price did not reflect its intrinsic value. APC shares soared $6.26 to $30.02.
March 15, 2013 | By Andrew Tangel
NEW YORK -- One of the country's biggest hedge funds has agreed to pay more than $600 million to settle a civil insider-trading case in what the Securities and Exchange Commission said was its largest settlement involving such corruption on Wall Street. CR Intrinsic Investors, a unit of the Connecticut-based giant SAC Capital Advisors, agreed to pay the penalties in a case stemming from trades involving an Alzheimer's treatment under development by two drug companies. Friday's settlement involves SAC Capital and four other funds managed by CR Intrinsic and SAC. The settlement does not resolve the SEC's case against Mathew Martoma, a CR Intrinsic fund manager whom the agency also sued in November.
August 22, 2005 | Eric Bailey, Times Staff Writer
The rumble began high on the sheer cliff wall, like faraway thunder before a storm. A slab of granite as big as a railroad boxcar had let loose 1,300 feet up Glacier Point's age-worn face. The million-pound rock cartwheeled and shattered, tracing a plume of dust downward toward Peter Terbush. In his last earthbound moments, Terbush turned to a long-ago climbing lesson taught by his dad. As a little boy first astride a mountain, he learned to always protect a partner at the end of the rope.
April 14, 2005 | Veronique de Turenne, Special to The Times
Stucco. It's one of the oldest construction materials we know, one of the easiest ways to cover a building, used on everything from chi-chi mansions to rude mud huts and yet -- stucco. Just the sound of it. Root word: stuck. Rhymes with yucko. Rhythmically similar to uh-oh. Where's the respect? Everywhere, if you know where to look. Revered modern architects Frank Lloyd Wright, Richard Neutra and Frank Gehry used stucco on some of their most famous houses.
December 24, 2010 | By David Karp
Choosing the right avocado for the season can be surprisingly tricky, even or especially at farmers markets. Good choices are available all year, but a knowledgeable buyer needs to juggle four factors: variety, season, growing area and fruit size. Every month or two the scenario changes, requiring buyers to stay nimble. Avocados are valued chiefly for their oil content, which gives them their buttery texture and flavor. The trees bloom in the spring and the earliest varieties start to bear in late autumn.
December 13, 1990 | Times Wire Services
Leading French fashion house Pierre Balmain, lamenting a shortage of Arab princesses and wives of Texas millionaires, will stop producing haute couture garments. The Paris fashion house said today that the Persian Gulf crisis and the economic downturn made it impossible for it to keep the costly, individually tailored line going. "Haute couture is dying.
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