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BUSINESS
April 4, 1990 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Two investment firms, Sanford C. Bernstein and Delaware Management Co., have acquired large stakes in Northrop, the company disclosed in its annual proxy statement Tuesday. Bernstein acquired 8.1% of Northrop's 47 million common shares and Delaware Management 6.27%. Northrop spokesman Tony Cantafio said late Tuesday that the stock acquisitions have not been previously reported. "As far as we know, it is for investment purposes," Cantafio said.
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BUSINESS
March 9, 2012 | By Joe Flint, Los Angeles Times
Relax, TV programmers. The teen viewer isn't going anywhere. The perception of today's teenagers is that of antsy kids bouncing back and forth between their computer screens and cellphones as they update their Facebook statuses and look at videos on Hulu and YouTube while texting their friends. The reality is that for all the time teens spend staring at small screens, it's still the television screen that gets most of their attention. "There is a popularized notion of the typical teenager constantly digitally connected....
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BUSINESS
June 21, 2000 | Bloomberg News
Call it a marriage of growth and value. Alliance Capital Management (AC), whose Alliance Tech fund has been a star performer in recent years, agreed Tuesday to spend $3.5 billion to buy Sanford C. Bernstein Inc., a money manager known for its research and investments in undervalued shares. Alliance would pay Sanford Bernstein $1.5 billion in cash and 40.8 million partnership units, equivalent to shares in Alliance.
BUSINESS
June 21, 2000 | Bloomberg News
Call it a marriage of growth and value. Alliance Capital Management (AC), whose Alliance Tech fund has been a star performer in recent years, agreed Tuesday to spend $3.5 billion to buy Sanford C. Bernstein Inc., a money manager known for its research and investments in undervalued shares. Alliance would pay Sanford Bernstein $1.5 billion in cash and 40.8 million partnership units, equivalent to shares in Alliance.
BUSINESS
March 9, 2012 | By Joe Flint, Los Angeles Times
Relax, TV programmers. The teen viewer isn't going anywhere. The perception of today's teenagers is that of antsy kids bouncing back and forth between their computer screens and cellphones as they update their Facebook statuses and look at videos on Hulu and YouTube while texting their friends. The reality is that for all the time teens spend staring at small screens, it's still the television screen that gets most of their attention. "There is a popularized notion of the typical teenager constantly digitally connected....
BUSINESS
November 6, 2009 | Times Wire Reports
Amgen Inc. shares rose after study results for the cancer drug Vectibix led at least one analyst to equate the medicine with rival treatment Erbitux from Eli Lilly & Co. Vectibix failed to meet a statistical threshold for prolonging lives, the Thousand Oaks company said. Still, the results were like those found in a study of Erbitux, said Geoff Porges, an analyst at Sanford C. Bernstein & Co. in New York. Amgen is seeking U.S. regulatory approval to promote Vectibix as a first-line treatment.
BUSINESS
March 10, 1987
In recent months Fluor Corp.'s two largest shareholders, Sanford C. Bernstein & Co. and INVESCO Capital Management L.P., have increased their combined ownership in the Irvine construction and minerals company to more than 15%. Since June, Sanford C. Bernstein & Co., a New York investment management firm, has purchased 1.7 million shares in Fluor for its clients, increasing their ownership stake to a total of 7.6 million shares, or 9.5%.
BUSINESS
December 8, 2001 | Bloomberg News
Wal-Mart Stores Inc. may miss fiscal fourth-quarter earnings forecasts because the No. 1 retailer's widening sales lead over competitors is coming at the expense of profit margins, analysts said. With steep price cuts and a growing portion of sales coming from lower-profit items, earnings may fall short of the 48-cent average analyst estimate, Wayne Hood of Prudential Securities and Emme Kozloff of Sanford C. Bernstein wrote in separate reports.
BUSINESS
February 11, 1997 | Times Staff and Wire Reports
BAT Industries Chief Executive Martin Broughton said the London-based cigarette maker will consider paying damages to smokers if that would end mounting legal claims against the industry. Broughton's comments mark the second time a tobacco executive has mentioned the possibility of settling liability claims. RJR Nabisco Holdings Corp. Chief Executive Steven Goldstone said the same thing last March. "The big issue is how much money it's going to cost," said Sanford C. Bernstein & Co.
BUSINESS
May 16, 1995 | Times Staff and Wire Reports
Cigarette Makers Can Appeal Class-Action Status: Judge Okla Jones II of the U.S. District Court for the Eastern District of Louisiana agreed to send his decision granting class-action status in the so-called Castano case to the U.S. 5th Circuit Court of Appeals for review. It is the second pro-tobacco ruling in recent weeks. A West Virginia judge earlier struck down most of a state lawsuit seeking to hold tobacco companies liable for smoking-related medical expenses.
BUSINESS
April 4, 1990 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Two investment firms, Sanford C. Bernstein and Delaware Management Co., have acquired large stakes in Northrop, the company disclosed in its annual proxy statement Tuesday. Bernstein acquired 8.1% of Northrop's 47 million common shares and Delaware Management 6.27%. Northrop spokesman Tony Cantafio said late Tuesday that the stock acquisitions have not been previously reported. "As far as we know, it is for investment purposes," Cantafio said.
BUSINESS
October 9, 1997 | Bloomberg News
An 83% majority of tobacco shareholders expect Congress to enact into law next year a settlement of health-related lawsuits against cigarette companies, according to a survey by Sanford C. Bernstein & Co. analyst Gary Black. The investment research firm surveyed 62 institutional investors in Philip Morris Cos. and RJR Nabisco Holdings Corp., the two largest U.S. tobacco companies. Results showed that about 10% said that cigarette makers should walk away from the accord.
BUSINESS
November 6, 1993
Cigarette Prices May Rise: Expectations that Philip Morris Cos. may raise cigarette prices sent tobacco stocks sharply higher, reversing months of declines on Wall Street, traders said. The No. 1 cigarette maker sent a Mailgram to wholesalers in which it said it is limiting cigarette orders to "reasonable quantities," effective with shipments Nov. 8. The move was interpreted by people in the trade as an indication that a price increase may be on the horizon. Gary Black, analyst at Sanford C.
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