March 15, 2013 |
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.
September 8, 2013 |
Like many grocery shoppers, Michele Ricketts dreads long checkout lines. But lately, she's been breezing by the cash register at her neighborhood Ralphs even with the usual crowds at the store. "In the last month, I have noticed it was faster," said Ricketts, 27, an actress from the Miracle Mile. "I thought I was dreaming. " She wasn't. To shave precious minutes off wait times, Ralphs has been installing technology to measure foot traffic in nearly all of its supermarkets.
December 13, 1990 |
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.
March 21, 1998
A pop quiz: 1--"Murphy Brown" is shot on (a) videotape (b) film; 2--L.A. Times staff photographers shoot on (a) film (b) videotape; 3--The L.A. Times is (a) a newsletter (b) a newspaper. "Murphy Brown" is, as are the majority of four-camera shows, shot on film, not tape ("Signing Off, Quietly," by Judith Michaelson, March 16). There is a world of difference--in style, in look, in production, in cost. This across-the-board generic use of the word "taping" has come to distort both the intrinsic and the artistic nature of the medium.
August 5, 1990
Regarding the proposal to have Santa Monica City Council members elected by district rather than at large (Times, July 26): One's ethnic background should not be a compelling consideration in choosing a member of the City Council or any elective office. As a former high school civics teacher, I find the idea inimical to intrinsic principles that must govern all our elections. Candidates must be chosen based on their qualifications, irrespective of race, creed or color. I don't think there are any exclusive ethnic issues to be dealt with by the council, only citizen issues.
CALIFORNIA | LOCAL
November 27, 1987
It's always shocking to see evil unmasked, as it was in Richard L. Weiss' article ("No-Growth Overreaction Can Sink the Southland," Op-Ed Page, Nov. 18) in which he argued against growth limitations. He wrote, "Unlike gold or some other fungible commodities, land has no intrinsic value." Even after looking up "fungible" in the dictionary I was still disturbed by that sinister and revealing sentence. Weiss has it backward. It is gold that has only the value man arbitrarily assigns.
March 11, 2002
Re "First Test of the Biotech Age: Human Cloning," Commentary, March 6: William Kristol and Jeremy Rifkin articulate the consensus of a very influential and reactionary movement, spanning left and right, that wants to stop human progress and substantial improvement of our species where it counts most: the human genome. I too believe in the intrinsic value of human life, so much so that I want it better for myself, for my neighbors and for those who will follow us in centuries to come.