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February 3, 1992 | TOM PETRUNO
The 1990s seem to be as much about thrift as the 1980s were about debt. So why is California now on a borrowing binge? The simple answer is that the voters decided over the last few years that some things were worth buying on credit: more schools, more mass transit, more prisons and more parks. The use of 10- to 20-year bonds to fund such projects is partly an outgrowth of Proposition 13 and the limits on the taxing power of local authorities.
February 14, 2006 | From Bloomberg News
General Motors Corp. plans to announce today that it's investing $500 million in five Michigan factories, a person familiar with the plan said Monday. GM, the world's largest automaker, will make the investments in a Cadillac assembly plant in Lansing, an engine factory in Romulus, a transmission factory in Willow Run and a stamping operation and truck assembly plant in Pontiac, the person said. Cadillac's U.S.
January 29, 1997 | DAVID HALDANE
The Orange County Transportation Authority has suspended for a year the services of a New York investment firm for allegedly violating investment policies enacted to assure the agency's financial security in the wake of the county's bankruptcy.
March 9, 1992 | TOM PETRUNO
Are you baffled by the economic signals? Wondering why the stock market is going down if things are finally getting better? Worried about a new rise in interest rates? Anyone trying to make investment decisions this year has been buffeted by some surprising crosswinds in financial markets. It's a confusing and potentially dangerous period for investors. But maybe things are less complicated than they seem.
November 21, 1991 | KATHY M. KRISTOF
With the stock market having taken a wild roller-coaster ride this past week, it makes sense for investors to rethink their investment strategies. This is not necessarily a time for change. But it is an opportunity to consider whether all the reasons that spurred you to invest in the past still hold true, or whether there are suddenly new reasons to invest that were not there before.
February 15, 2011 | Marc Lifsher, Los Angeles Times
After losing 42% of the value of its extensive real estate portfolio during the recession, the state's biggest public pension fund has approved a formal plan to pursue a less risky investment strategy. Board members of the $229-billion California Public Employees' Retirement System endorsed a plan to shift away from residential properties, raw land and highly leveraged real estate investment trusts to so-called core holdings, mainly commercial office buildings. "We're lowering the risk profile," said Ted Eliopoulos, CalPERS' chief real estate investment officer.
August 20, 1999 | Bloomberg News
Compaq Computer Corp. said it invested in a unit of Internet venture-fund company CMGI Inc. to gain online marketing technology. Terms weren't disclosed. In addition, Andover, Mass.-based CMGI completed its $2.3-billion purchase of a majority stake in Compaq's AltaVista search site. Compaq will use technology from CMGI's Engage Technologies Inc. unit to tailor Internet content to customers and post banner ads and promotions on its Web site.
July 17, 1999 | From Associated Press
A business columnist for the San Jose Mercury News was suspended after earning $9,000 from an investment opportunity she got from a local executive. Chris Nolan, who writes the newspaper's "Talk Is Cheap" column, which focuses on the high-tech industries of Silicon Valley, expressed regrets. But she said she hadn't considered it to be a conflict of interest because the executive was a longtime friend and she had not planned to write about him because of the friendship.
May 10, 1998
At The Times' second annual Investment Strategies Conference at the Los Angeles Convention Center Feb. 7-8, Southland investors heard four nationally known keynote speakers and had their choice of attending any of 36 panels on topics including blue-chip stocks, retirement and estate planning, real estate investing, and options and futures strategies. For more on the conference: * Online Visit http://www.latimes.
February 2, 2000 | From Bloomberg News
Discovery Communications Inc., owner of the Discovery Channel and Animal Planet cable channels, said it will invest $500 million over three years in a newly formed Internet company and may eventually sell shares in the business to the public. Closely held Discovery is 49%-owned by Liberty Media Group, the programming arm of AT&T Corp. controlled by cable veteran John Malone. The new company, to be called Discovery.
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