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CALIFORNIA | LOCAL
August 24, 1999 | Kristiane M. Ridgway, (949) 764-4309
Irvine's investments in federal securities and money markets earned the city close to $10.4 million during the 1998-99 fiscal year, according to the treasurer's annual report for fiscal year 1998-99. The report, which has been unanimously approved by the Investment Advisory and Finance Committee, will be reviewed by the City Council tonight. Following Irvine's loss of more than $212 million in the county's 1994 bankruptcy, the council drafted a more conservative investment policy. Still, Irvine's current gains are expected to be partially offset by principal losses of $1.741 million.
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CALIFORNIA | LOCAL
April 24, 2014 | By Jill Cowan
All lanes of the northbound 5 Freeway in Orange County were reopened late Thursday morning, hours after after a multicar, chain-reaction crash that left two people dead and four injured That collision in the northbound lanes in Irvine was so violent that debris was scattered over a quarter of a mile and took hours to clear, authorities said. The driver and passenger in a Toyota Camry were both pronounced dead at the scene of the 4:41 a.m. five-car accident. Authorities described the driver as a woman in her 40s and the passenger as a male in his 50s, both Rancho Santa Margarita residents, but did not give their names.
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CALIFORNIA | LOCAL
April 24, 2014 | By Joseph Serna
Two people were killed and five others injured in a multicar crash on the 5 Freeway in Orange County on Thursday morning that sent debris flying and shut down several traffic lanes. The crash occurred just before 5 a.m. in the northbound lanes near the Jamboree Road exit in Irvine, according to the California Highway Patrol. At least four cars were involved in the wreck, which sent debris into the southbound lanes, temporarily blocking traffic, according to CHP logs. A Sigalert was issued and three northbound lanes were blocked indefinitely, officials said.
BUSINESS
April 23, 2014 | By E. Scott Reckard
Banc of California, a growing community bank in Irvine, is doubling its footprint in Southern California as it joins a new wave of smaller California banks pushing to expand into regional players in the aftermath of the financial crisis and the Great Recession. Banc of California said Wednesday that it agreed to buy 20 Popular Community Bank branches from struggling Popular Inc. in Puerto Rico, adding them to its 18 branches from Los Angeles to San Diego. The new branches would be in lightly banked Latino neighborhoods in Los Angeles and Orange counties.
CALIFORNIA | LOCAL
April 21, 2014 | By Anh Do
Along with its manicured greenbelts and meticulously neat neighborhoods, Irvine suddenly has something else on its hands: an international incident. Members of its vast Chinese American community are fighting a city decision to bow to the demands of Vietnamese Americans, who arrived by the hundreds this month to demand that Irvine abandon its plans to formalize a relationship with a town in coastal Vietnam. A parade of speakers spent hours pleading with council members to reject the proposal, saying it would be insulting for the city to forge a “friendship” with a country they'd fled to escape a brutal communist regime.
BUSINESS
April 21, 2014 | By Stuart Pfeifer
Activist investor Bill Ackman is partnering with a Canadian pharmaceutical company in an effort to buy Allergan Inc., the Irvine company that makes the popular wrinkle treatment Botox. Ackman and Valeant Pharmaceuticals International Inc. have already acquired nearly 10% of Allergan's shares and will soon offer to purchase the company, Ackman and Valeant said Monday in a regulatory filing. News of the likely bid increased the stock price of both companies. In after-hours trading, investors drove up Allergan as much as 21% and Valeant by 10%. No formal offer was made Monday, but there was speculation about how much Allergan could fetch.
CALIFORNIA | LOCAL
April 21, 2014 | By Anh Do
Along with its manicured greenbelts and meticulously neat neighborhoods, Irvine suddenly has something else on its hands: an international incident. Members of its vast Chinese American community are fighting a city decision to bow to the demands of Vietnamese Americans, who arrived by the hundreds this month to demand that Irvine abandon its plans to formalize a relationship with a tourist town in coastal Vietnam. A parade of speakers spent hours pleading with council members to reject the proposal, saying it would be insulting for the city to forge a "friendship" with a country they'd fled to escape a brutal communist regime.
CALIFORNIA | LOCAL
April 9, 2014 | By Anh Do
When a city councilman in Irvine dreamed up the idea of forming a relationship with a coastal town in Vietnam, the leaders of this increasingly multicultural community got a quick, decisive lesson in foreign relations. Hundreds of Vietnamese Americans, many with wrenching stories of fleeing their homeland as communist forces took over the country, arrived by the busload at City Hall to tell city leaders they felt insulted and betrayed. By the time Tuesday's council meeting ended six hours later, city officials not only had dropped plans for a "friendship" pact with Nha Trang, they also had voted 3 to 2 to suspend Irvine's entire Friendship Cities Program.
CALIFORNIA | LOCAL
April 7, 2014 | By Anh Do
Of all the places in the world, why did Larry Agran have to choose Vietnam? That's what local Vietnamese Americans wondered after learning the longtime Irvine councilman hoped to forge a relationship between the master-planned community and Nha Trang, a south coastal city in Vietnam known for its beaches and scuba diving. To many who fled the country after it fell to communist forces, Agran's proposal seemed designed to cause hurt and hundreds indicated they planned to confront Agran on Tuesday when he was expected to roll out his “friendship city” proposal.
CALIFORNIA | LOCAL
April 7, 2014 | By Anh Do
Of all the places in the world, why did Larry Agran have to choose Vietnam? That's what local Vietnamese Americans wondered after learning that the longtime Irvine councilman hoped to forge a relationship between the master-planned community and Nha Trang, a southern coastal city in Vietnam known for its beaches and scuba diving. To many who fled the country after it fell to communist forces, Agran's proposal seemed designed to cause hurt, and hundreds indicated they planned to confront Agran on Tuesday, when he was expected to propose that Irvine and Nha Trang form a "friendship city" relationship.
CALIFORNIA | LOCAL
March 20, 2014 | By Jason Song and Larry Gordon
Students at UC Irvine say they are excited about having President Obama speak at their commencement this year after the news was announced Thursday. “I feel it to be a once-in-a-lifetime opportunity,” said Alex Liao, an international studies major who is scheduled to graduate. The president will deliver the address at Irvine's 50th anniversary ceremony in June. Liao had been worried there would be only one large ceremony that would deprive students of the chance to walk across the stage and receive their diplomas, but having Obama and smaller ceremonies was the “optimal solution,” he said.
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