July 16, 2011 |
The News Corp. phone-hacking scandal claimed two high-ranking executives running the company's U.S. and British operations as Chief Executive Rupert Murdoch tried to stem the fallout from a growing crisis he had been downplaying. The resignations of longtime Murdoch intimates Les Hinton as chief executive of Dow Jones & Co. and publisher of its Wall Street Journal and Rebekah Brooks as chief of News International in London came hours apart Friday. Hinton was in charge of News International and Brooks was editor of its News of the World when many of the hacking incidents are alleged to have occurred.
CALIFORNIA | LOCAL
August 7, 2012
Mark O'Donnell Tony-winning co-writer of 'Hairspray' Mark O'Donnell, 58, the Tony Award-winning writer behind such quirky and clever Broadway shows as "Hairspray and "Cry-Baby," died Monday in New York. His agent, Jack Tantleff, said the writer collapsed in the lobby of his apartment complex on the Upper West Side of Manhattan. O'Donnell won the 2003 Tony for best book of a musical for co-writing "Hairspray" with Thomas Meehan, and the pair earned Tony nominations in 2008 for doing the same for "Cry-Baby.
February 21, 1999
The best post-Grammy hot spot in your city? Ertegun: Elaine's Restaurant. Jones: Matsuhisa or anywhere Wolfgang Puck is cooking. * The official Grammy cocktail in your city? E: Dry Manhattan. J: Stoli and cranberry juice with a lime twist. * The official Grammy dessert in your city? E: Greene apple tart. Michael's, that is. J: Warm chocolate souffle with whipped cream. * The best vehicle to be seen arriving in? E: A stretch Volkswagen Bug, or Seymour Stein's pickup truck.
October 12, 2011 |
99 Cents Only Stores Inc. has agreed to be sold in a deal valued at about $1.6 billion, the deep-discount retailer said Tuesday, as investors are eyeing dollar stores that have grown in popularity during the economic downturn. The City of Commerce chain will be acquired by Los Angeles private equity firm Ares Management and the Canada Pension Plan Investment Board for $22 a share in cash, a 7.4% premium over Monday's closing price of $20.49. The chain said the current family management team will remain.
October 13, 1987
Like 72% of Orange County's super-rich, Bren made his money in real estate. He currently owns 99% of the Irvine Co., which owns 68,000 acres of prime Orange County real estate, most of it undeveloped. As the county's largest landowner, Bren is worth $1.25 billion which makes him No. 30 in his fourth appearance on the Forbes list. Bren is a former collegiate ski star, the son of producer Milton Bren and stepson of actress Claire Trevor. He began his career as a home builder in 1958.
April 18, 1993 |
In Adrian Lyne's new film, "Indecent Proposal," billionaire playboy Robert Redford comes to visit Demi Moore at her realty company. As he walks into her office, we catch a glimpse of Moore's secretary, a blond bimbo busily filing her nails and reading "Backlash," Susan Faludi's 1991 expose of the war against women's rights. The shot is meant as a playful jab at Faludi. But after seeing Lyne's new film, in which Redford offers a happily married young couple $1 million for a one-night stand with the sultry wife, the outspoken author--and many of her female Hollywood peers--are in no laughing mood.
September 4, 1988
David Smith, an associate professor at Claremont McKenna College, has been named to the Fletcher Jones Professorship in accounting, which was recently established with a $1 million grant. The Fletcher Jones Foundation, which endowed the professorship, was founded in 1969 through gifts from the estate of Fletcher Jones, co-founder of Computer Sciences Corp. who died in 1972.
December 14, 2007 |
Rupert Murdoch completed his $5-billion-plus deal to acquire Dow Jones & Co., adding the Wall Street Journal to his News Corp. and ending a century of control by the Bancroft family. From Times Wire Services
July 4, 2007 |
Dow Jones & Co.'s top editors said they appreciated the editorial guidelines set out by the company's controlling Bancrofts as the family negotiated a possible sale to Rupert Murdoch's News Corp. The managing editors of Dow Jones Newswires and the Wall Street Journal said they would remain committed to journalistic values under any new ownership.