January 23, 1986 |
General Motors, seeking to improve its image and know-how, said Wednesday that it has acquired a majority interest in Lotus, one of the most revered names in automotive racing and engineering. GM said that it paid about $20 million, or $1.82 a share, for 59.7% of Group Lotus PLC shares and that it intends to buy the whole company at the same per-share price. The biggest holdout is Toyota Motor of Japan, which owns 22%. Telephone queries to Toyota's U.S. subsidiary in Torrance were not returned.
March 19, 1988 |
A top officer at Lotus Development Corp. has resigned from the computer software company because of management disagreements with the firm's chairman and other senior executives, the company said Friday. Charles J. Digate, 34, a senior vice president in charge of the company's Analytic Software Group, resigned Thursday "under mutual agreement," a company statement said. But company sources quoted in several published reports said Digate's resignation was urged by Lotus Chairman Jim P.
May 3, 1985
The Bellevue, Wash.-based company said the $395 program, called Excel, will be more powerful for financial analysts than rival Lotus Development's Jazz software, which is expected to be available later this month and will sell for $595. Microsoft's new financial analysis software program is for Apple Computer's Macintosh model. Bill Gates, Microsoft chairman, said his firm will begin shipping the units in September.
July 11, 1986
Mitchell Kapor, who founded Lotus Development Corp. and built it into the world's largest independent maker of personal computer software, resigned as chairman Thursday, the company said. Kapor will remain as a director and consultant during the next year, the Cambridge, Mass.-based company said. Jim P. Manzi, the company's president and chief executive, will succeed Kapor as chairman while keeping his existing titles.
May 4, 1990 |
There's a strong feminist flavor to Clara Law's exquisite "The Reincarnation of Golden Lotus" (at the Monica and the Grande), an erotic, romantic fable set simultaneously--and seamlessly--in the past and in the present. Law is a real virtuoso, bringing terrific visual flair to boldly stylized glimpses of antiquity only to cut to the fast, decadent life of hard-edged luxury possible in today's Hong Kong--and all the while shaping her actors' portrayals precisely to her purpose.
May 30, 2013
Steven Ellison's (a.k.a. Flying Lotus) fourth full-length album, "Until the Quiet Comes" comes after 2010's "Cosmogramma" and a sea change in the American electronica scene. "Cosmogramma" was indebted to the astral free-jazz legacy of his family (his aunt is Alice Coltrane and his cousin is saxophonist Ravi Coltrane). It raised his profile considerably, featuring contributions from Erykah Badu and Radiohead's Thom Yorke. "Until the Quiet Comes" is a sleeker, uncluttered pivot from that sound.
CALIFORNIA | LOCAL
June 20, 1985
Some Los Angeles residents are bound to scoff at the Department of Water and Power's idea of saving water through the charging of higher rates in summer when usage is highest. After all, they might reason, about 85% of California's water is consumed by farmers, and that's where the real savings should be achieved.
January 23, 2013 |
I'm such a fan of British food writer Fuchsia Dunlop's two earlier cookbooks, " Land of Plenty: A Treasury of Authentic Sichuan Cooking " and " Revolutionary Chinese Cookbook: Recipes from Hunan Province ," that I couldn't wait for her latest to be published in this country. I bought my copy of “ Every Grain of Rice: Simple Chinese Home Cooking ,” from Britain. Now it's out in this country and nobody has to wait to start cooking clams in black bean sauce, blanched choy sum with sizzling oil, cold chicken with a spicy Sichuanese sauce or slow-cooked ribs with red fermented tofu.
CALIFORNIA | LOCAL
July 12, 2010 |
The Lotus Festival, Los Angeles' annual tribute to cross-cultural Asian heritage, reemerged in Echo Park this weekend after a one-year hiatus but still without one significant participant: the lotuses. The 32-year-old festival has grown over the years from a modest one-day event to a weekend-long extravaganza that has attracted as many as 150,000 people, organizers said. This year, organizers said they expected roughly 30,000 visitors. The festival, put on by the nonprofit L.A. Lotus Festival Inc. and the Los Angeles Department of Recreation and Parks, took a year off in 2009 because of the city's budget problems.
March 12, 1998 |
Verity Inc. sued Lotus Development Corp., now a unit of IBM Corp., charging that Lotus misappropriated trade secrets under a 1992 computer software licensing agreement. At the same time, it said it was terminating the agreement because of Lotus' actions. Sunnyvale-based Verity develops and markets software tools for searching and retrieving information on computer databases and the Internet. Cambridge, Mass.