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BUSINESS
March 23, 1989 | SCOT J. PALTROW, Times Staff Writer
A federal judge declared a second mistrial in the GAF Corp. stock market manipulation case, this time after jurors exhausted from 12 days of deliberations threw in the towel and said they had no hope of reaching a verdict. Benito Romano, the acting U.S. attorney in Manhattan, immediately said his office would try the case a third time. U.S. District Judge Mary Johnson Lowe had declared a mistrial Jan.
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BUSINESS
March 18, 1998 | Debora Vrana
In a deal expected to be announced today, Los Angeles-based holding company Jefferies Group will separate fast-growing investment bank Jefferies & Co. and computer-based stock trading company Investment Technology Group through a spinoff. Under the plan, ITG and Jefferies & Co. each will be separate, wholly owned companies. Jefferies & Co., a $1-billion niche brokerage firm, will be a separate company trading on the New York Stock Exchange.
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BUSINESS
December 16, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
The tribulations of British investor Alan E. Clore were responsible for almost all of the up to $10-million loss that the Jefferies & Co. securities firm incurred in October because of the stock market plunge, it was revealed Tuesday. KaiserTech Chairman Clore disclosed in a filing with the Securities and Exchange Commission that he placed orders with Jefferies in October for $17.2 million of KaiserTech stock but never paid for the shares.
BUSINESS
March 23, 1989 | SCOT J. PALTROW, Times Staff Writer
A federal judge declared a second mistrial in the GAF Corp. stock market manipulation case, this time after jurors exhausted from 12 days of deliberations threw in the towel and said they had no hope of reaching a verdict. Benito Romano, the acting U.S. attorney in Manhattan, immediately said his office would try the case a third time. U.S. District Judge Mary Johnson Lowe had declared a mistrial Jan.
BUSINESS
March 2, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Since becoming chairman of KaiserTech last year, British investor Alan E. Clore routinely has executed quick and illegal trades of company stock, making more than $4 million in the process, the company charged Tuesday. In a lawsuit, KaiserTech--parent of Kaiser Aluminum--said Clore violated U.S. securities laws by purchasing and selling company stock without holding it for six months as required for company officers, directors and major shareholders.
BUSINESS
March 18, 1998 | Debora Vrana
In a deal expected to be announced today, Los Angeles-based holding company Jefferies Group will separate fast-growing investment bank Jefferies & Co. and computer-based stock trading company Investment Technology Group through a spinoff. Under the plan, ITG and Jefferies & Co. each will be separate, wholly owned companies. Jefferies & Co., a $1-billion niche brokerage firm, will be a separate company trading on the New York Stock Exchange.
BUSINESS
June 7, 1996
Quiksilver Inc.'s second-quarter results matched analysts' expectations this week, but investors apparently were still disappointed. Quiksilver shares fell 12% Thursday, a day after posting the quarterly earnings. The stock fell $4.75 a share to close at $34 in heavy trading on the Nasdaq market. Analyst David Rose of Jeffries & Co. also downgraded the stock from "buy" to "accumulate" today, citing higher-than-expected marketing costs in the third and fourth quarters.
NEWS
December 30, 1993
Lawrence Loomis Jeffries, 84, a fourth-generation Californian and longtime resident of Pasadena. Professionally he was associated for 55 years with the Jeffries Banknote Co. of Los Angeles before retiring in 1984. But he was probably better known for his philanthropies: the Los Angeles County Museum of Natural History, the Southwest Museum, the Hathaway Home for Children, and as president of the Heritage Square Foundation, where his mother's home has been moved.
BUSINESS
November 23, 2002 | From Bloomberg News
Electronic Data Systems Corp. shares rose 7.8% on speculation that the world's second-largest seller of computer services might be bought by larger rival IBM Corp. Electronic Data gained $1.21 to $16.70 on the New York Stock Exchange on Friday; it traded as high as $17.35. The stock had declined 77% this year and hit a 16-year low Sept. 24. There is a "low probability" of IBM acquiring Electronic Data, said John B. Jones, an analyst with SoundView Technology Group Inc.
SCIENCE
December 5, 2012 | By Kenneth R. Weiss
A fast-changing Arctic broke records for loss of sea ice and spring snow cover this year, as well as summertime melt of the Greenland ice sheet, federal scientists reported Wednesday. “The Arctic is an extremely sensitive part of the world,” said Jane Lubchenco , administrator of the National Oceanic and Atmospheric Administration. As it warms, she said, “we see the results with less snow and sea ice, greater ice sheet melt and changing vegetation.” Speaking at the fall meeting of American Geophysical Union in San Francisco, Lubchenco and other scientists unveiled the annual update of the Arctic Report Card , a collaboration of more than 140 scientists that summarizes ways the Arctic continues to grow warmer and greener.
BUSINESS
March 2, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Since becoming chairman of KaiserTech last year, British investor Alan E. Clore routinely has executed quick and illegal trades of company stock, making more than $4 million in the process, the company charged Tuesday. In a lawsuit, KaiserTech--parent of Kaiser Aluminum--said Clore violated U.S. securities laws by purchasing and selling company stock without holding it for six months as required for company officers, directors and major shareholders.
BUSINESS
December 16, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
The tribulations of British investor Alan E. Clore were responsible for almost all of the up to $10-million loss that the Jefferies & Co. securities firm incurred in October because of the stock market plunge, it was revealed Tuesday. KaiserTech Chairman Clore disclosed in a filing with the Securities and Exchange Commission that he placed orders with Jefferies in October for $17.2 million of KaiserTech stock but never paid for the shares.
CALIFORNIA | LOCAL
July 24, 1987
A judge dismissed three grand theft charges against Maria Caldera, an associate of former Registrar Ray Ortiz, at the San Diego County district attorney's request Thursday. Caldera, 51, of Chula Vista, was not present and neither was her attorney for the two-minute hearing conducted by San Diego Superior Court Judge David Gill, who presided over Ortiz's trial. Deputy Dist. Atty.
BUSINESS
April 5, 1995 | From Reuters
In an usual move, Walt Disney Co. went outside its ranks for a new chief financial officer Tuesday, naming Stephen Bollenbach, Host Marriott Corp.'s chief executive, to the post. Bollenbach, 52, succeeds Richard Nanula, who left the position in November to become president of the Disney Stores worldwide, the company said. The announcement ends an intensive search by Disney Chairman and Chief Executive Michael Eisner for a top-notch financial expert with global experience.
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