Advertisement
YOU ARE HERE: LAT HomeCollectionsInvestment
IN THE NEWS

Investment

CALIFORNIA | LOCAL
February 18, 2014 | By Larry Gordon
In a move that activists described as the first of its kind for any American college or university, Occidental College in Los Angeles is pledging to stay away from any investments in companies that manufacture military-style assault weapons and high-capacity ammunition magazines for general public sale. The recent move by Occidental College trustees came at the urging of faculty members who were horrified by the December 2012 massacre of 26 students and staff members at Sandy Hook Elementary School in Connecticut and other mass shootings.
Advertisement
BUSINESS
February 13, 2014 | By Roger Vincent
One of the tallest office buildings in downtown Los Angeles has been acquired by a major Hollywood real estate investor, CIM Group, in an unusual portfolio sale that included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group is Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
OPINION
February 8, 2014 | Doyle McManus
Bill Gates wants you to feel much better about the future of mankind. Things are looking up, he says, way up. "By almost any measure, the world is better than it has ever been," Gates wrote in his annual letter chronicling the work of the Bill & Melinda Gates Foundation, through which he plans to give away most of the fortune he made from Microsoft. "People are living longer, healthier lives. Many nations that were aid recipients are now self-sufficient," he wrote. "By 2035, there will be almost no poor countries left in the world.
BUSINESS
February 7, 2014 | By Marc Lifsher and Ricardo Lopez
SACRAMENTO - California has announced a sweeping overhaul of its troubled Employment Development Department, following months of turmoil that left thousands of Californians struggling to get their unemployment benefits. A top aide to Gov. Jerry Brown on Friday ordered the agency to hire hundreds of new workers and pay overtime to staffers to beef up the EDD's woeful customer service. In recent months, jobless workers have found it nearly impossible to reach agents at EDD for assistance after a computer glitch interrupted payments.
WORLD
February 4, 2014 | By Richard Fausset and Cecilia Sanchez
MEXICO CITY - President Enrique Peña Nieto said Tuesday that his government would invest the equivalent of about $3.4 billion in social and infrastructure programs for the beleaguered Mexican state of Michoacan, where armed vigilante groups have been clashing with a drug gang. The program, which Peña Nieto announced in Morelia, the state capital, represents a significantly larger investment in Michoacan than the one unveiled last month by his social development secretary, Rosario Robles, who promised to spend about $225 million.
BUSINESS
February 4, 2014 | By Stuart Pfeifer
IBillionaire Inc., a company that models investments of the world's wealthiest people, plans to offer an exchange traded fund this spring that will allow the public to "invest like a billionaire," its top executive said Tuesday. After receiving about $1 million of start-up funding, IBillionaire has hired an ETF sponsor that will soon allow investors to follow the investing trends of tycoons such as Warren Buffett, Carl Icahn, Daniel Loeb and David Einhorn, said Raul Moreno, the company's chief executive.
BUSINESS
January 26, 2014 | By Hugo Martín
The nation's airline industry has undergone so many mergers in the last decade that only four airlines and their regional carriers control more than 80% of all domestic air traffic. Despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PwC, the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
BUSINESS
January 24, 2014 | By Ricardo Lopez
PepsiCo Inc. announced plans Friday to invest $5 billion to expand in Mexico over the next five years, a move that will boost its production capacity and add 4,000 new jobs to the country's economy.  The beverage and snack maker said Mexico is "one of the most attractive markets in  Latin America , with a growing middle class and numerous opportunities for long-term economic growth. " The New York-based company has been investing aggressively in recent years to strengthen its business in emerging markets.
CALIFORNIA | LOCAL
January 23, 2014 | By Larry Gordon
The UC regents on Thursday hired an executive of a Canadian investment fund to be the chief manager of the university system's $82 billion in endowment and pension investments and to pay him potentially more than $1 million a year if he achieves good returns. Jagdeep S. Bachher, who is an executive vice president of the Alberta Investment Management Corp. in Edmonton and handles public sector funds there, is to become UC's chief investment officer and vice president of investments on April 1. With little public discussion, the regents approved a $615,000 base salary for him and set a maximum total payout of $1,014,750 if UC investments meet a goal of excellent returns.
CALIFORNIA | LOCAL
January 23, 2014 | By Larry Gordon
SAN FRANCISCO - The UC regents on Thursday hired an executive of a Canadian investment fund to be the chief manager of the university system's $82 billion in endowment and pension investments and will pay him more than $1 million a year if he achieves good returns. Although that pay package triggered little public discussion, the salary for another new executive hire attracted more opposition at the regents meeting here. Some regents opposed the $450,000-a-year salary for Claude Steele, who is becoming UC Berkeley's provost and second-in-command.
Los Angeles Times Articles
|