December 3, 2003 |
Richard Strong stepped down Tuesday as chairman and chief executive of Strong Financial Corp., parent of the asset management company he founded 29 years ago, in a move analysts said was designed to help the company survive an industrywide probe of mutual fund trading practices. A majority owner, Strong will take steps to divest himself of voting control of Strong Financial, the company said.
March 24, 1987 |
The Friends of Barbara came up $14,000 short of their $40,000 goal when they staged a Bal Masque on Friday night to raise money for a liver transplant for Barbara Jernigan of Newport Beach. The benefit event at the Hotel Meridien netted $26,000, said chairman Katherine Logan. "We had hoped for 400 guests (220 attended) and to make more money on our live auction items. "We need an angel," she said after the event. "We don't know what we'll do next, but we'll think of something. We must."
May 8, 1987 |
Walter B. Gerken received the National Human Relations Award on Wednesday, when the American Jewish Committee staged a benefit dinner in his honor at the Irvine Hilton and Towers. Gerken is chairman of Pacific Mutual Life Insurance Co. in Newport Beach. At $200 per person, 350 people attended the black-tie tribute, including past award recipients Ray Watson and John Lusk. Hinda Beral, director of the committee's Orange County chapter, estimated event proceeds at $50,000.
CALIFORNIA | LOCAL
February 14, 2003 |
A Los Angeles street gang leader wanted in connection with a dozen homicides eluded police for more than six months by traversing the Southwest, shuttling from his home turf in Atwater Village to the Inland Empire, Las Vegas and northwest Arizona, where he was captured this week, authorities said Thursday.
CALIFORNIA | LOCAL
December 9, 1987
How fitting were the letters (Nov. 27) in response to the benighted piece by Richard L. Weiss on the putative dangers of a no-growth philosophy in the light of your poignant warning ("Dwindling Wildlife," Editorial, Nov. 24) respecting the loss of our natural heritage in California--land, water, animals and birds alike. Why is the distinction between growth and regeneration so carelessly, if not willfully, obscured in any discussion of the future of economic health of our society? Is there a political figure in view who dares to speak of a prosperous steady-state economy wherein ongoing innovation, reconstruction and revitalization sustain a healthy economy in the absence of net growth?
April 12, 2001
$800,000 THE OFFICE DEPOT TOURNAMENT at Wilshire CC FIRST TEE 7:30 a.m.--Jennifer Hubbard; Terry-Jo Myers; Anne Marie Palli. 7:40--Nancy Harvey; Natascha Fink; Stefania Croce. 7:50--Caroline McMillan; Marianne Morris; Michelle Estill. 8--Angie Ridgeway; Ashli Bunch; Pamela Kerrigan. 8:10--Marnie McGuire; Fiona Pike; Tina Fischer. 8:20--Cindy Schreyer; Nanci Bowen; Jody Anschutz. 8:30--Marilyn Lovander; Vickie Odegard; Lisa Kiggens. 8:40--Donna Andrews; Becky Iverson; Helen Alfredsson.
March 15, 2007 |
The bulls prevailed on Wall Street on Wednesday, driving share prices broadly higher after the previous session's deep slump. Hard-hit financial and housing-related stocks led the way as concerns about the sub-prime mortgage crisis eased a bit. It was touch-and-go for the first few hours of trading as the Dow Jones industrial average followed Tuesday's 242-point, 2% plunge with a drop of as much as 136 points by midday. Then the buyers jumped back in. The Dow finished with a gain of 57.
May 19, 1991 |
Imagine Michael Jordan getting traded to the Clippers. Or Bob Welch and Dave Stewart returning to the Dodgers. In sports, a big personnel move can change the fortunes of a team overnight. The same holds true on the mutual fund playing field. Portfolio managers aren't traded, of course, but they do move around, switch allegiances, retire and die. And when a transition occurs, it alters the outlook for the investors left behind.
January 19, 1992 |
Keep your fingers crossed, but a XXV-year-old trend may be ending--dull Super Bowls. Of the last three NFL title games, two have come down to the final minute -- last year's 20-19 win by the New York Giants over Buffalo and San Francisco's 20-16 victory over Cincinnati in 1989. In between, of course, the 49ers demolished Denver, 55-10, but that, of course, was ... well ... Denver.
January 28, 2008 |
Portfolio managers may be dizzy after the recent gymnastics in a market that's had an unhappy new year. That hasn't stopped a few from dumpster diving. The Federal Reserve's big interest-rate cut last week put a shine on at least a few tarnished financial stocks, and selected tech issues are getting some love.