February 8, 2011 |
Medical tool and chemical maker Beckman Coulter Inc., based in Brea, would be sold to a Washington, D.C., company for $6.8 billion under a deal being offered to stockholders. Beckman, which manufactures laboratory equipment for biotechnology research, would be purchased by Danaher Corp. and become part of its life sciences and diagnostics business. Beckman has been entertaining offers since late last year. The proposed sale to Danaher is the culmination of developments that began when the Food and Drug Administration said Beckman made unapproved changes to a heart disease test that resulted in faulty readings.
January 27, 2014 |
An astonishing article in the latest issue of Science (purchase required) documents how America's scientific patrimony--specifically, its fossil record--has come under the control of commercial interests. They're now marketing what are often scientifically significant finds to the highest bidder, often for use as home and office decor. The website of one firm cited by author Heather Pringle, Tucson-based GeoDecor , lists an inventory of fossil fish, "dinosauria," mammals, and plants. The article quotes one commercial fossil hawker as defending his business on traditional American cash-on-the-barrelhead terms: "If they don't like the free enterprise system," he says of the museums and researchers fuming about the trade in prehistoric artifacts, "don't participate in it, but don't demonize those that do. " Large fossils can go for millions of dollars.
July 28, 2009 |
Five months after he opened PNK Pro Beauty Supplies in Glendale, owner Karhen Abramyan has put the shop up for sale. He's gotten a few lowball offers in the last few weeks, but no deal. "I have $60,000 in inventory here, I can't just sell it for $50,000," said Abramyan, who is asking $95,000. Blame the bad economy. Buyers and sellers of California businesses are hampered because the vast pools of money that once fueled sales have dried up.
November 3, 2009 |
The Phoenix Coyotes' bumpy six-month journey through U.S. Bankruptcy Court has come to an end with a judge's approval of the sale of the franchise to the NHL. Judge Redfield T. Baum signed the order Monday after a quiet, brief hearing in a mostly empty courtroom, a stark contrast to earlier scenes of high drama featuring countless high-priced attorneys locked in often-bitter arguments. The NHL's bid totals about $140 million. The figure listed in the sale order is $128.
August 1, 2013 |
A home in Bel-Air that was being leased by Grammy-winning singer Luis Miguel is for sale at $5.895 million. The stately traditional features a sweeping staircase off the entry, a formal living room with a wet bar, a den, a breakfast area, five bedrooms, five bathrooms and 5,200 square feet of living space. A terrace off the master bedroom overlooks the back yard. The more than three-quarter-acre grounds include a grotto-style swimming pool, spa and circular driveway. Grandest pool around?
CALIFORNIA | LOCAL
December 14, 2010 |
A state appeals court has stalled the controversial sale of 24 government buildings, ruling Monday afternoon that the transaction cannot go forward this week as planned and delaying it until at least January. The Schwarzenegger administration had hoped to help fill the state's yawning budget deficit by selling the buildings ? including the homes of the state Supreme Court and two appeals courts ? to raise $1.2 billion for this year's shortfall and then leasing them back. But two former members of the state building authority filed suit last month to halt the sale, arguing that it was a waste of taxpayer money.
August 28, 2012 |
Shades of Mildred Pierce may be cropping up throughout the state as lawmakers are set to decide whether mothers and others are allowed to sell homemade muffins, cakes and pies at local stores and restaurants and directly to consumers. Slammed by the economy, many households are looking to follow in the footsteps of the fictional heroine by earning a bit of money on the side with home-cooked confections - without the huge upfront costs in leasing certified commercial kitchens and complying with myriad business rules.
October 4, 2012 |
"Star Wars" actor Hayden Christensen has listed a house in Studio City for sale at $2.65 million. Built in 1990, the modern-style house features a step-down living room, high ceilings, three fireplaces, five bedrooms and five bathrooms in its 6,302 square feet of living space. An elevator leads to the third-floor master suite, which has a fireplace and dual walk-in closets. The three-quarter-acre lot includes a saltwater swimming pool with spa, flat yard space, mature trees and a three-car garage.
April 4, 2010 |
Could Congress' ambitious second round of home purchase tax credits -- especially the $6,500 repeat-buyer credit -- turn out to be lacking in terms of economic stimulus clout? With the April 30 deadline to sign home purchase contracts for both the $8,000 first-time buyer credit and the $6,500 version looming, some real estate and building experts are concerned that fewer consumers may be motivated by the credits this spring than last fall. The $6,500 credit, in particular, appears to be generating little buzz among shoppers.
July 29, 2012 |
WASHINGTON — Though many home shoppers who assume they are still in a buyer's market find it hard to believe, one of the sobering fundamentals shaping real estate this summer is shrinking inventory: The supply of houses for sale has fallen significantly in most areas compared with a year earlier, sometimes dramatically so. And that is having important side effects by raising prices and homeowners' equity stakes and reducing total sales. In major metropolitan markets from the mid-Atlantic to the West Coast, the stock of homes listed for purchase has dropped by sometimes extraordinary amounts — 50% or more below year-earlier levels in several areas of California, according to industry studies.