April 26, 1988 |
New York Life Insurance Co. will pump $8.5 million into Idec Pharmaceuticals to finance research into therapeutic drugs for the treatment of AIDS and AIDS related complex, Idec President William H. Rastetter said Monday. San Diego-based Idec will use the funding, to be delivered over four years, to expand existing research into therapeutic products for AIDS patients, Rastetter said, adding that clinical testing could begin in 1990.
February 14, 2001 |
Phoenix developer Opus West Corp. said Tuesday that it will start construction in May on a $90-million, 14-story office tower near John Wayne Airport after signing a major law firm to a lease for six floors. Opus is not concerned about building amid slower economic growth nationwide, said senior vice president Paul A. Marshall: "The local economy is healthy, and if there is a slowdown, we're confident it won't have a major impact."
September 15, 1998 |
PacifiCare Health Systems Inc.'s stock rose 10% on Monday on speculation that the company, the nation's largest Medicare health maintenance organization, is being targeted for a takeover. PacifiCare's widely traded nonvoting Class B shares rose $7.25 to $77 on Nasdaq. Earlier in the session, shares hit $85.50. Santa Ana-based PacifiCare wouldn't confirm or deny that it's in merger talks, company spokeswoman Alexandra Warnier said.
November 16, 1990
Thurston H. Ross., a real estate appraiser and economist who flew for the Signal Corps during World War I and served as a strategist for the Joint Chiefs of Staff during World War II, died Sunday in Battle Ground, Wash., where he was living with his son. The pioneer teacher, expert witness and government and commercial property appraiser was 96.
CALIFORNIA | LOCAL
September 17, 2013 |
On a trip to Israel in 1964, Philip Berg, a high-flying insurance salesman from Brooklyn, crossed paths with an aging rabbi renowned for his grasp of kabbalah, an esoteric strain of Jewish mysticism. Neither Berg nor kabbalah would ever be the same. The organization he founded after returning to the United States, now known as the Kabbalah Centre, transformed a field once reserved for the most elite of Orthodox yeshiva scholars into a lucrative pop culture phenomenon. His new-age repackaging of the ancient wisdom of the Torah was embraced by many gentiles and celebrities, including Berg's most famous student, Madonna, but his approach was derided by mainstream Judaism as superficial and inauthentic.
August 19, 1999 |
Metropolitan Life Insurance Co. agreed Wednesday to pay at least $1.7 billion to settle allegations that 7 million of its current and former policyholders were hit with deceptive sales practices.
December 14, 2001 |
Aetna Inc., the nation's largest health insurer, said Thursday it will cut 6,000 jobs, or roughly 16% of its work force, as it continues struggling to digest its acquisitions of the 1990s. Aetna's latest move follows 5,000 other job cuts it has announced already this year and a third-quarter loss of $54.4 million. About 4,400 of the latest reductions will come through layoffs, with the other 1,600 through attrition.