September 21, 1991 |
Ask and ye shall receive. That is a lesson the Evangelical Lutheran Church in America has learned--a lesson that could prove valuable to the 5.2-million-member denomination, which has run up sizable deficits each fiscal year since its founding in 1988. In August, 1990, 13 congregations had to put their building plans on hold because the church's property and building loan fund had simply run out of available cash. But now, a year later, no one has to wait.
CALIFORNIA | LOCAL
July 19, 2001 |
The second of Orange County's two $20-million Edison International investments in an educational investment pool was paid in full Wednesday, ending what county Treasurer John M.W. Moorlach called six months of "crisis management." Moorlach, criticized by some earlier this year for investing $40 million in school money in the utility despite the state's energy crisis, said all principal and interest payments were made on schedule.
February 15, 2011 |
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.
June 22, 2007 |
The International Trade Union Confederation, which represents workers in 135 countries, warned pension funds about investing in private equity and hedge funds, calling for greater regulation of the industry. Private equity funds don't generate better long-term returns than other investments, the Brussels-based group asserted in a statement Thursday, citing research by the University of Amsterdam.
February 3, 1992 |
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 |
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.
CALIFORNIA | LOCAL
January 29, 1997 |
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 |
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 |
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.
August 20, 1999 |
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.