Advertisement
YOU ARE HERE: LAT HomeCollectionsInvestors
IN THE NEWS

Investors

FEATURED ARTICLES
NEWS
January 1, 2012 | By Roger Vincent
As 2011 came to a close, some commercial real estate experts found promising signs amid often troubled markets. The office market is gaining interest from investors despite a mixed bag of improving property-related economic fundamentals such as employment and business expansions, a recent survey showed. Commercial real estate continues to offer attractive yields compared to alternative investment vehicles, said respondents to a quarterly poll by consulting firm PricewaterhouseCoopers.
ARTICLES BY DATE
BUSINESS
April 23, 2014 | By Chris O'Brien
Three months ago, when Apple reported its holiday earnings, the company posted record revenues thanks to refreshed lines of iPads and iPhones that had launched in the fall.  But instead of basking in a big win, Apple got pounded by Wall Street because of what the company said would happen in this current quarter. Apple projected a range of revenue expectations that raised the possibility of its first revenue decline in more than a decade. Apple is scheduled to report second-quarter earnings after the markets close Wednesday, and most analysts think the company will actually squeak out a slight revenue gain.
Advertisement
BUSINESS
June 19, 2013 | By Andrew Tangel
NEW YORK -- The stock market could get a bit jumpy. Investors have been eagerly awaiting clearer signals from the Federal Reserve over when it will wind down its massive stimulus programs, known as quantitative easing. At the end of its two-day meeting, the central bank will release a statement Wednesday, followed by a news conference by Chairman Ben S. Bernanke. Few expect the Fed to announce any immediate changes to interest rates or its stimulus. U.S. markets may initially react to trading overseas early Wednesday, said Randy Frederick, managing director of active trading and derivatives at Charles Schwab.
BUSINESS
April 23, 2014 | By Stuart Pfeifer
Takeover target Allergan Inc., the company that makes Botox, has adopted a "poison pill" defense intended to delay a buyout by Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman. The Irvine company's "stockholder rights plan" allows existing shareholders to buy Allergan stock at a steep discount if any single investor acquires more than 10% of its shares. That would drive down the value of the major investors' shares, making it unlikely that anyone would acquire that much stock.
BUSINESS
June 26, 2013 | By Stuart Pfeifer
The Securities and Exchange Commission accused a Burbank medical imaging device company and its chief executive of fraud for allegedly misleading investors about the Food and Drug Administration's views of one of its products. In a lawsuit filed Tuesday in federal court in Los Angeles, the SEC said Imaging3 Inc. and its founder and chief executive, Dean Janes, made false statements about the company's chances of gaining FDA approval of a three-dimensional scanner used in medical diagnosis.
BUSINESS
June 24, 2012 | By Roger Vincent
Italian investors who specialize in buying trophy historic properties have acquired one of the best in Los Angeles -- the 84-year-old Fine Arts Building.   Sorgente Group of America, which controls the famous Flatiron Building in New York, bought the Fine Arts Building for $28.5 million from Los Angeles attorneys Brian Kabateck and Mark Geragos.   “Our acquisitions always have historic and architectural relevance, as our passion and dedication lies within the value of iconic buildings such as the Fine Arts Building,” said Veronica Mainetti, president of Sorgente Group of America.
BUSINESS
March 10, 2012 | By Alejandro Lazo
Nestled on a hilltop, the three-bedroom ranch house was once a warren of illegal structures -- occupied by as many as 15 people before the place descended into disrepair and skidded close to foreclosure. The surrounding neighborhood once had a reputation for gang violence. But on a recent Sunday, eager couples -- Asian, caucasian, Latino -- were touring the home. Gone were the moldy walls, the piles of abandoned bedroom junk and the broken-down cars, car parts and washing machines littering the lawn.
BUSINESS
April 10, 2013 | By Andrew Khouri
Investors who lost big when Bernard Madoff's Ponzi scheme unraveled cannot sue federal regulators, despite the government's “regrettable inaction,” a federal appeals court ruled. Madoff victims had sued, arguing that the Securities and Exchange Commission was negligent for failing to uncover the Ponzi scheme even though the regulator received multiple complaints over the years. On Wednesday in New York, the U.S. Court of Appeals for the Second Circuit dismissed those claims, agreeing with a district court that the SEC's actions or inaction are protected under the law. Madoff is currently serving a 150-year prison sentence for his multibillion-dollar Ponzi scheme that came to light in December 2008.
BUSINESS
March 12, 2009 | Walter Hamilton and Martin Zimmerman
Today is the day that people who entrusted their money to Bernard L. Madoff have anxiously awaited. Since the financier allegedly admitted in December to running one of the largest investment frauds in history, victims have clamored for him to be carted off to prison. With Madoff expected to plead guilty today, a federal judge will decide whether the defendant will be led away in handcuffs or allowed to remain at his multimillion-dollar Manhattan apartment pending sentencing later this year.
BUSINESS
April 4, 2013 | By E. Scott Reckard
The fear and confusion that tormented American investors after the financial crisis struck in 2008 has in many cases given way to cautious optimism and a more disciplined approach to handling money, a survey by Fidelity Investments has found. Investors have stashed more money in retirement plans - until recently, bond funds were the big winners - along with paying down debt, according to the survey from the big mutual-fund company. QUIZ: How much do you know about the stock market?
BUSINESS
April 22, 2014 | By E. Scott Reckard
Two of Los Angeles' many Asian American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities. Financial information provider SNL Financial ranked BBCN Bancorp second of all bank stocks nationally, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform. " Only the parent of South Carolina Bank and Trust had a more positive endorsement from analysts.
BUSINESS
April 18, 2014 | By Chris O'Brien
SAN FRANCISCO - With venture capital funding reaching levels not seen since the days of the dot-com bubble, analysts say the question of whether the tech boom in Silicon Valley is on the verge of sputtering is getting harder to dismiss. Investors poured $9.5 billion into 951 U.S. start-ups during the first three months of 2014, according to the latest MoneyTree report released Friday. That's the biggest amount of investment since the second quarter of 2001, when the so-called dot-com boom was gasping its final, dying breaths.
BUSINESS
April 10, 2014 | By Walter Hamilton
A plunge in once-soaring technology shares sent Nasdaq into a triple-digit decline and yanked the rest of the stock market down with it. Erstwhile darlings such as Netflix Inc. and Facebook Inc., as well as biotechnology highfliers such as Intercept Pharmaceuticals Inc., sank Thursday as investors fled many names they had favored just a few weeks ago. The sell-off was less a result of economic developments as it was the hard reality of a...
BUSINESS
April 10, 2014 | By Ricardo Lopez
The fight between activist investor Carl Icahn and eBay Inc. has been settled as the two sides have quietly reached a truce, Ebay said Thursday. The two had been embroiled in a public spat over accusations by Icahn that two members of eBay's  board of directors had conflicts of interest and that the company had failed to get the full value for Skype, a video chat service, when it was sold.  Icahn also urged eBay to sell a minority stake in...
BUSINESS
April 9, 2014 | By Don Lee
WASHINGTON - An account of the Federal Reserve's last meeting suggests that policymakers aren't as eager to take away the punch bowl as the market thought. The minutes of the March 18-19 meeting state that Fed officials worried that their individual projections for when the central bank would start raising interest rates "could be misconstrued" as indicating a shift by the Fed committee to tighter monetary policy. The average projections released after the March meeting showed a slight move forward in the anticipated timing of a Fed rate increase, and Fed Chairwoman Janet L. Yellen herself gave the impression in a news conference that day that a rate hike could be made by mid-2015, earlier than what the market had been expecting.
WORLD
April 7, 2014 | By Robyn Dixon
JOHANNESBURG, South Africa - In scattered villages on steep green hillsides, many who killed their neighbors in Rwanda's genocide 20 years ago now live side by side with relatives of the dead. Speech that creates ethnic divisions has been outlawed. Local tribunals called gacaca courts have allowed many offenders to be released from prison in return for confessions and expressions of remorse. And a generation of young people who grew up after the mass killings embody the hope of a new breed of Rwandans who identify not by ethnicity but by nationality.
BUSINESS
October 5, 2012 | By Andrew Tangel
Investors sent Wall Street stocks higher early Friday after the federal government reported the U.S. economy added 114,000 jobs in September. The payroll gains were in line with analysts' expectations, but the government also reported that the unemployment rate fell from 8.1% to 7.8%. The Dow Jones industrial average gained 59 points, or 0.4%, to 13,634 shortly after the opening bell. The broader Standard & Poor's 500 index rose 8 points, or 0.5%, to 1,469. The Nasdaq was up 16 points, or 0.5%, to 3,166.
BUSINESS
June 16, 2010 | By Walter Hamilton and Tom Petruno, Los Angeles Times
The threat of a reduction in the dividend paid by energy giant BP is bringing up bad memories for investors who have suffered similar cuts by other once-reliable companies in the last decade. Under pressure from the Obama administration to show it can foot the bill for the oil spill cleanup in the Gulf of Mexico, BP is contemplating slashing or even suspending the $10.5 billion a year it currently distributes to its shareholders. A decision could come Wednesday after company executives meet with the president.
BUSINESS
April 3, 2014 | By Stuart Pfeifer
Barnes & Noble Inc. shares were sharply lower Thursday after a key investor said it was slashing its stake in the bookstore chain. Barnes & Noble, which operates 663 stores in 50 states, announced Thursday that Liberty Media Corp. had decided to sell about 90% of its shares of the company. Liberty Media, which had been considered one of the chain's biggest backers, bought a 17% stake in 2011. After the sale, it will hold less than 2%. Barnes & Noble shares were down $3.31, or 15%, to $18.80 at 10:30 a.m. PDT. The news comes as Barnes & Noble tries to navigate through the rapidly changing world for books and media.
BUSINESS
March 19, 2014 | By Chris O'Brien
In a sharply worded letter released Wednesday,  Mike Lynch, former chief executive of Autonomy, has accused Hewlett-Packard of misleading shareholders about the accounting problems it claimed to have uncovered at the British company it acquired in 2011. HP Chief Executive Meg Whitman announced in November 2012 that the company was taking a $5-billion write-down after a whistle-blower had alerted them to widespread fraud at Autonomy. The company referred the matter to a number of U.S. and British regulatory authorities.
Los Angeles Times Articles
|