August 17, 2012 |
An alleged stock tip has gone from a home run to a strikeout for Hall of Fame baseball player Eddie Murray. The onetime Dodgers first baseman agreed Friday to pay $358,151 to settle an investigation into whether he broke insider-trading laws when he bought shares of a Santa Ana company, allegedly on a tip from former major leaguer Doug DeCinces. The Securities and Exchange Commission accused the longtime Baltimore Orioles superstar of making $235,314 in illegal profit on advance knowledge of the 2009 buyout of Advanced Medical Optics Inc. by Illinois-based Abbott Laboratories Inc. Shares of Advanced Medical Optics, a medical eye-products company, shot up 143% after the acquisition was announced.
CALIFORNIA | LOCAL
May 2, 2012 |
At his kitchen table, orthodontist Bob Smith tried to solve a problem that dogged him on the ski slopes in the early 1960s by using dental tools and foam to fashion prototypes of fog-resistant goggles. As he developed what is commonly called the modern ski goggle, he often traded early versions of the eyewear for lift tickets. His were the first to feature a sealed thermal lens and breathable foam venting, according to Smith Optics, the company he founded in 1965 in Ketchum, Idaho, to manufacture them.
November 15, 2011 |
Seeing the movements of a healthy hand mirroring one's own movements plays a welcome trick on the brains of arthritis sufferers, a new study shows: It reduces the perception of pain. The observation, reported this week at the Society for Neuroscience's annual conference , could offer a safe, inexpensive means of dampening chronic pain by enlisting the brain's power of suggestion. The small arthritis study, which tested just eight subjects, comes from the lab of UC San Diego neuroscientist V.S. Ramachandran -- who first used mirror-based trickery to treat phantom-limb pain in patients who have had an amputation.
CALIFORNIA | LOCAL
November 11, 2011 |
Opponents say a plan to use aerial surveillance to monitor neighborhoods in Lancaster raises the potential for government-sanctioned snooping. But city leaders insist the new initiative will be used strictly to fight crime. The aerial surveillance program, slated to begin by May, will involve a piloted Cessna 172 fixed-wing aircraft with high-tech optical equipment that will record the movements of people on the ground. The plane will circle the Antelope Valley city at altitudes of 1,000 to 3,000 feet some 10 hours a day. The technology, developed by the Lancaster-based Spiral Technology, Inc., includes the use of infrared imaging.
August 5, 2011 |
Former Angels baseball player Doug DeCinces has agreed to pay $2.5 million to settle allegations that he used inside information to score big profits trading the stock of Santa Ana-based Advanced Medical Optics Inc. The Securities and Exchange Commission announced the settlement Thursday. Authorities said DeCinces, acting on an illegal tip, bought more than 83,000 shares of Advanced Medical Optics in the weeks leading to its 2009 acquisition by Abbott Laboratories Inc. Shares of Advanced Medical Optics increased 143% after a public announcement in January 2009 that it would be acquired by Illinois-based Abbott.
June 26, 2011 |
With the advent of the Internet, new-home marketing has changed drastically over the last few years. Yet one thing remains constant: the model home. Builders aren't putting up as many of them as they did when the market was flourishing. Nowadays, one model might suffice when three or even four were necessary a decade ago to showcase a builder's wares. After all, sample homes are expensive to carry, let alone outfit, and construction money is tough to come by these days. Still, more often than not, models are decorated to the hilt.