CALIFORNIA | LOCAL
January 14, 2010 |
Gov. Arnold Schwarzenegger's much-ballyhooed plan to ease the state budget crisis by selling off landmark properties is facing a surprisingly tough first test in Orange County, a place where public officials regularly talk up free markets and privatization of government. A rare bipartisan wave is rising to block the governor's proposed sale of the beloved Orange County Fairgrounds, including conservative politicians who at first backed their Republican governor but are now urging him to call off today's auction and keep the land in public hands.
April 27, 2012 |
A case of tuna fish ... and a case of toilet paper ... and a home loan? Since when has Costco been in the mortgage business? Since last year, it turns out. That's when the Issaquah, Wash.-based discount giant began experimenting with offering home loans to some members via its website. Costco is so pleased with how things turned out that it's rolling out the service to everyone. Auto and student loans will follow soon. It makes sense. Costco has very loyal customers, and they're interested in financial services.
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.
CALIFORNIA | LOCAL
October 15, 2010 |
The nation's largest pharmacy chain will pay a record fine for illegally selling large amounts of a key methamphetamine ingredient to criminal traffickers, a problem that prosecutors say led to a surge in production of the widely abused drug in California. CVS Pharmacy Inc. agreed to pay a $75-million fine and forfeit $2.6 million in profits on the unlawful sales of pseudoephedrine in California and Nevada in 2007 and 2008, according to federal prosecutors based in Los Angeles. The penalty is the largest for a civil violation of the Controlled Substances Act, a 40-year-old law that is more often aimed at street dealers and narcotics traffickers.
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.
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.
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.
HOME & GARDEN
August 13, 2010 |
The longtime winter residence of Oscar-winning screenwriter Nancy Dowd has come on the market at $1,995,000 on the Caribbean island of St. Lucia. Called Belmont, the 7-acre nature reserve overlooks Castries Harbor. The West Indies Creole-style house, built in 1895, includes four bedrooms and two bathrooms. Dowd wrote "Slap Shot" (1977), in which she also appeared, and "Coming Home" (1978), for which she won an Academy Award for best original screenplay. She was a writer on "Saturday Night Live" in 1980 and '81. Crosby Doe of Crosby Doe Associates, Beverly Hills, has the listing.