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
December 5, 2001 |
A judge has upheld a state law that allows heirs of Armenian genocide victims to use California courts to try to collect life insurance on relatives who died in Ottoman Turkey during World War I. The ruling Friday by U.S. District Judge Christina Snyder denied a motion by New York Life Insurance Co. to void the law, implemented last year, that permitted a 1999 class-action lawsuit to go forward in California.
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.
CALIFORNIA | LOCAL
September 10, 1987 |
It was a matter of one old-timer making way for some others. In the predawn hours today, if all went well, an 82-year-old Victorian house that had stood in the path of a planned senior citizen complex was to be spirited away from South Sycamore Street. Then it was to be placed on an empty lot on North Lacy Street in French Park--badly in need of repair and a new owner but with a brighter future than it has had for several years. The white clapboard house, built in 1905 by William L.
March 18, 1988 |
It was hard to tell who was interviewing whom Thursday at the First "Reverse" Job Fair. Unlike most job fairs, which are conducted by employers, Thursday's fair at the Brea Civic and Cultural Center was sponsored by unemployed professionals. The mostly middle-aged, white-collar applicants sat patiently behind tables that listed their specialties, their resumes close at hand.