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REAL ESTATE
November 5, 1989 | Linda Martini-Posner
The Sickels Group of San Diego has named Patrick J. Gravitt vice president of industrial development. Gravitt will be responsible for market identification, site acquisition, financing, marketing and leasing and the development of industrial projects throughout the Southland. James J. Foreman has joined Kilroy Industries as senior industrial marketing executive. Foreman will focus on marketing and leasing the El Segundo-based company's industrial and research and development properties.
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NEWS
February 6, 2014 | By Daniel Rothberg
WASHINGTON - The United States could be losing its edge in science and technology as emerging nations rapidly increase their investment in research and development, according to new indicators released Thursday by the National Science Board. Although the United States outspends all other nations at least 2 to 1, its share of global spending on R&D has fallen in the last decade. With China at the lead, Asia's major economies together now account for a larger share of scientific investment, the indicators show.
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BUSINESS
December 16, 2011 | By Duke Helfand, Los Angeles Times
Longtime Amgen Inc. Chief Executive Kevin W. Sharer will step down in May and will be replaced by President and Chief Operating Officer Robert Bradway, the biotech giant said. The Thousand Oaks company said Bradway also is expected to be named chairman of the board when Sharer, 63, relinquishes that post at the end of 2012. Sharer has been with the company for 20 years, serving as CEO and chairman since 2000. Amgen said annual revenue has reached nearly $16 billion with operations in 55 countries during Sharer's tenure, up from $3.6 billion in revenue and a presence in 17 countries before he assumed the top jobs.
BUSINESS
December 16, 2011 | By Duke Helfand, Los Angeles Times
Longtime Amgen Inc. Chief Executive Kevin W. Sharer will step down in May and will be replaced by President and Chief Operating Officer Robert Bradway, the biotech giant said. The Thousand Oaks company said Bradway also is expected to be named chairman of the board when Sharer, 63, relinquishes that post at the end of 2012. Sharer has been with the company for 20 years, serving as CEO and chairman since 2000. Amgen said annual revenue has reached nearly $16 billion with operations in 55 countries during Sharer's tenure, up from $3.6 billion in revenue and a presence in 17 countries before he assumed the top jobs.
BUSINESS
October 15, 1987
Ronald G. Lee has been named president of Lee Pharmaceuticals, South El Monte. The firm develops, manufactures and markets artificial fingernails, health and beauty aids and professional dental and orthodontic supplies. Theodore H. Dettlaff was named president of the consumer products division; Rolf D. Mast, vice president of research and development, and Michael L. Agresti, vice president of finance.
BUSINESS
October 15, 1987 | JOHN TIGHE, Times Staff Writer
Disease Detection International said it has eliminated its research and development facility in Burlington, N.C., and will consolidate operations at its corporate headquarters in Irvine. The move will eliminate six positions, including vice president of research and development, vice president of finance and the four North Carolina-based research and development posts. President H.
BUSINESS
September 3, 1989
Harry Bernstein's otherwise comprehensive July 18 column on drug prices ("Soaring Prices of Drugs Squeeze Workers, Pharmacists") suffered from one error in understanding the drug manufacturing industry. The column mentioned "the huge amounts of money they spend on research and development." But many studies have shown that the industry as a whole--one of the most profitable industries in the United States--spends less than 10% of its revenue on research and development. And then the drug companies spend 80% of their income on marketing.
BUSINESS
August 4, 1985 | HEIDI EVANS
Citing increased investments in its research and development program, Nelson Research & Development Co., of Irving reported a net loss of $523,002 for the second quarter of 1985, compared to a profit of $68,676 for the same period a year earlier. Revenues for the second quarter totaled $860,278, compared with about $1 million for the same period in 1984.
BUSINESS
October 23, 1990 | From Reuters
Japan, the world's biggest exporter of high-technology goods, should channel more of its technological prowess into improving the quality of life, a government agency said today. The Science and Technology Agency, in an annual policy statement, said science and technology should make a greater contribution to improving health and living standards and cleaning up the environment in Japan.
BUSINESS
April 14, 1989
Charles J. Olson II has been appointed vice president and corporate controller for Nichols Institute, San Juan Capistrano. Olson, who has been with the institute since 1986, was previously controller. Before joining Nichols, he was with For Better Living Inc., San Juan Capistrano, and, before that, was a manager with the accounting firm of Deloitte Haskins & Sells. Nichols Institute operates clinical laboratories, provides diagnostic medical testing services to clients nationally, manufactures kits for the performance of medical diagnostic tests and performs related research and development.
BUSINESS
October 20, 2011 | By Duke Helfand, Los Angeles Times
Biotech giant Amgen Inc. is laying off about 380 employees in its research and development division, saying it is restructuring operations to focus on new drugs in later, more expensive stages of development. "We're focusing on therapies that are promising," said Mary Klem, a spokeswoman for the Thousand Oaks company. "It's very expensive to conduct clinical trials. The patient population gets bigger at each phase. That's the crux of what is causing us to make these strategic changes.
SCIENCE
August 6, 2011 | By Amina Khan, Los Angeles Times
What will it take to build a spaceship capable of traveling to the stars? And what if you wanted it to be ready to launch in just 100 years? It may sound like the premise of a science fiction show or reality TV series. But these are serious questions being asked by the Defense Advanced Research Projects Agency, the research-and-development arm of the U.S. military. This fall, DARPA intends to award up to $500,000 in seed money to a group that proves it would do the best job of developing the necessary technologies — whatever they may be — for interstellar travel.
BUSINESS
April 3, 2011 | Michael Hiltzik
Every time I come across a big-number statistic about the size or significance of some industrial activity, my nose wrinkles. You know the figures I mean: The porn business takes in $10 billion to $14 billion a year. California's marijuana harvest is worth $14 billion a year, making it the state's biggest cash crop . NCAA March Madness costs employers $1.8 billion in lost productivity . Figures like these have several things in common: They're eye-catchingly big, they're unverifiable by empirical means and they reek of fakery.
BUSINESS
September 9, 2010 | By W.J. Hennigan, Los Angeles Times
Despite an increase in sales of drones for the military, Monrovia-based AeroVironment Inc. posted a loss in its fiscal first quarter as it spent more on research and development of new robotic aircraft. The company posted a loss of $3.4 million, or 16 cents a share, compared with a loss of $3.6 million, or 17 cents, in the year-earlier period. The quarterly loss was better than what analysts expected. On average, analysts were anticipating a loss of 23 cents a share. In regular trading, AeroVironment shares rose slightly to $23.35 a share, up 25 cents.
NATIONAL
September 6, 2010 | By Christi Parsons, Tribune Washington Bureau
President Obama will ask Congress to pass a $100-billion plan to expand and permanently extend the tax credits for businesses that invest in research and development, part of a larger plan for spurring the economy that he is to unveil in greater detail Wednesday. In an address at a Cleveland-area community college, Obama will call for an increase to 17% from 14% in one of the credit options available to businesses, an administration official said Sunday. Obama will propose paying for the plan in part by closing corporate tax breaks for multinational corporations and some energy companies.
NATIONAL
November 11, 2009 | John Hoeffel
The American Medical Assn. on Tuesday urged the federal government to reconsider its classification of marijuana as a dangerous drug with no accepted medical use, a significant shift that puts the prestigious group behind calls for more research. The nation's largest physicians organization, with about 250,000 member doctors, the AMA has maintained since 1997 that marijuana should remain a Schedule I controlled substance, the most restrictive category, which also includes heroin and LSD. In changing its policy, the group said its goal was to clear the way to conduct clinical research, develop cannabis-based medicines and devise alternative ways to deliver the drug.
CALIFORNIA | LOCAL
March 6, 2001 | BARBARA MURPHY
Franklin Telecommunications Corp. in Westlake Village says that extended negotiations with Chief Executive Robert Stewart have failed to produce an agreement to extend Stewart's tenure. The company will name an interim chief executive shortly. Franklin Chairman Frank Peters also announced that he will retire this year, and he confirmed that the company is seeking a merger partnership. "Franklin's hardware and software products are valuable assets," Peters said.
CALIFORNIA | LOCAL
September 19, 1999
Re "Steve Beal," Ventura County letters, Sept. 12. I found this letter to be quite laughable. The writer states that retiring Naval officer Stephen Beal "has new ideas and imaginative ways to capitalize on research and development." Well, one of these so-called ideas was to authorize jets flying 100 feet above the ocean toward the Navy's Surface Warfare Engineering Facility (SWEF) at the end of the Silver Strand Beach area. This was stopped by concerned residents who did not want to risk a jet plowing into the local school or their homes.
BUSINESS
November 1, 2007 | Elizabeth Douglass, Times Staff Writer
The California Energy Commission on Wednesday approved an aggressive plan to fund research and push the use of 10 alternative fuels -- a step considered crucial to the state's twin goals of cutting its dependence on petroleum and sharply reducing greenhouse gas emissions. The plan recommends that the statewide use of alternative fuels grow to 9% in five years, 11% in 10 years and 26% in 15 years.
BUSINESS
October 29, 2003 | Peter Pae, Times Staff Writer
Sequestered behind warehouses and office parks in El Segundo is the 110-acre Los Angeles Air Force Base. But you won't find any runways, aircraft or barracks there. The complex, which resembles a nondescript college campus, is one of the Pentagon's most prized research and development centers.
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