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NEWS
December 15, 1994 | JODI WILGOREN and MATT LAIT and TRACY WEBER, TIMES STAFF WRITERS
Federal investigators have focused their attention on three brokers at Merrill Lynch, an investment bank that has handled millions of dollars worth of bond transactions for Orange County's troubled investment fund, legal papers served Wednesday indicate. Merrill, the nation's largest brokerage firm, played by far the biggest role in selling derivatives and other exotic financial instruments to the county and extended $2.5 billion in credit to purchase securities.
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ENTERTAINMENT
November 5, 2013 | By Meg James
Discovery Communications Inc. Executive Chairman John S. Hendricks has exercised stock options worth $12.7 million, according to a regulatory filing. The 61-year-old company founder sold 144,179 shares of Discovery common stock on Oct. 31 for prices ranging from $85.75 a share to $88.92 a share, according to a filing late Monday with the Securities & Exchange Commission. Hendricks had accumulated the options several years ago as part of his long-term compensation program. He benefited from the company's soaring value, although the timing of the stock sale was part of a predetermined schedule.  ON LOCATION: Where the cameras roll Discovery stock has increased 60% during the last year; it closed Monday at $87.07 a share.
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ENTERTAINMENT
April 10, 2013 | By Mike Boehm and David Ng, Los Angeles Times
Los Angeles' Museum of Contemporary Art has appointed three new trustees, including Bruce Karatz, the former chief executive of KB Homes who was convicted three years ago on four felony counts of failing to disclose the backdating of stock options. Also joining the board are prominent investor Stanley Gold and Beverly Hills attorney and art collector Orna Amir Wolens, who has been a member of the Hammer Museum's Hammer Circle support group. MOCA's announcement Wednesday that Karatz, Gold and Wolens had been elected to the board follows museum leaders' recent decision to remain independent rather than accept an offer from the Los Angeles County Museum of Art to absorb MOCA.
ENTERTAINMENT
August 20, 2013 | By Meg James
This post has been updated.  See below for details. The dramatic increase in the value of 21st Century Fox stock has paid big dividends for Rupert Murdoch, James Murdoch and Chase Carey. Last week, the senior officers of 21st Century Fox were paid cash for shares they had accumulated over three years as part of their long-term performance-based compensation, according to a filing this week with the Securities & Exchange Commission. The executives -- plus David DeVoe, the company's former chief financial officer -- on Thursday received the compensation, which was based on that day's closing price of $32.27 per share of 21st Century Fox stock.
ENTERTAINMENT
November 5, 2013 | By Meg James
Discovery Communications Inc. Executive Chairman John S. Hendricks has exercised stock options worth $12.7 million, according to a regulatory filing. The 61-year-old company founder sold 144,179 shares of Discovery common stock on Oct. 31 for prices ranging from $85.75 a share to $88.92 a share, according to a filing late Monday with the Securities & Exchange Commission. Hendricks had accumulated the options several years ago as part of his long-term compensation program. He benefited from the company's soaring value, although the timing of the stock sale was part of a predetermined schedule.  ON LOCATION: Where the cameras roll Discovery stock has increased 60% during the last year; it closed Monday at $87.07 a share.
ENTERTAINMENT
August 20, 2013 | By Meg James
This post has been updated.  See below for details. The dramatic increase in the value of 21st Century Fox stock has paid big dividends for Rupert Murdoch, James Murdoch and Chase Carey. Last week, the senior officers of 21st Century Fox were paid cash for shares they had accumulated over three years as part of their long-term performance-based compensation, according to a filing this week with the Securities & Exchange Commission. The executives -- plus David DeVoe, the company's former chief financial officer -- on Thursday received the compensation, which was based on that day's closing price of $32.27 per share of 21st Century Fox stock.
ENTERTAINMENT
June 11, 2013 | By Meg James
News Corp. shareholders overwhelmingly approved measures to carve Rupert Murdoch's sprawling media empire into two separate publicly traded media companies. The corporate split is on track to occur June 28, Murdoch announced Tuesday morning during a 23-minute special meeting of shareholders in New York. The television networks, television production and movie studio operations will form the newly named 21st Century Fox Inc. The publishing assets, including the Wall Street Journal, Times of London, New York Post, the Australian and the HarperCollins book publishing house, will take the name News Corp.
BUSINESS
April 22, 1994 | SUSAN CHRISTIAN, TIMES STAFF WRITER
Platinum Software Corp. seemed aptly named. Just last year, with demand for its popular accounting software growing rapidly, Platinum tripled its payroll, made seven acquisitions and reported $39 million in annual revenue. But with Monday's announcement that the company's top managers had resigned and that Platinum had overstated its revenue for 15 months, the company's explosive growth drew closer attention--as did its architect, Gerald R.
ENTERTAINMENT
April 10, 2013 | By Daniel Miller
Walt Disney Co. has begun the process of laying off about 150 people who work at the company's movie studio. Analysts said that the layoffs, which were confirmed by the Burbank-based company Wednesday, are probably related to redundancies created by Disney's recent acquisitions of Marvel Entertainment in 2009 and Lucasfilm in 2012. “I am sure there is some overlap from those acquisitions,” said Disney analyst Harold Vogel, president of Vogel Capital Management. PHOTOS: Hollywood Backlot moments The cuts, which are expected to affect the studio's marketing and home entertainment divisions and possibly other areas, are believed to be the result of an internal corporate review initiated by Disney Chief Executive Bob Iger.
ENTERTAINMENT
June 11, 2013 | By Meg James
News Corp. shareholders overwhelmingly approved measures to carve Rupert Murdoch's sprawling media empire into two separate publicly traded media companies. The corporate split is on track to occur June 28, Murdoch announced Tuesday morning during a 23-minute special meeting of shareholders in New York. The television networks, television production and movie studio operations will form the newly named 21st Century Fox Inc. The publishing assets, including the Wall Street Journal, Times of London, New York Post, the Australian and the HarperCollins book publishing house, will take the name News Corp.
ENTERTAINMENT
April 10, 2013 | By Daniel Miller
Walt Disney Co. has begun the process of laying off about 150 people who work at the company's movie studio. Analysts said that the layoffs, which were confirmed by the Burbank-based company Wednesday, are probably related to redundancies created by Disney's recent acquisitions of Marvel Entertainment in 2009 and Lucasfilm in 2012. “I am sure there is some overlap from those acquisitions,” said Disney analyst Harold Vogel, president of Vogel Capital Management. PHOTOS: Hollywood Backlot moments The cuts, which are expected to affect the studio's marketing and home entertainment divisions and possibly other areas, are believed to be the result of an internal corporate review initiated by Disney Chief Executive Bob Iger.
ENTERTAINMENT
April 10, 2013 | By Mike Boehm and David Ng, Los Angeles Times
Los Angeles' Museum of Contemporary Art has appointed three new trustees, including Bruce Karatz, the former chief executive of KB Homes who was convicted three years ago on four felony counts of failing to disclose the backdating of stock options. Also joining the board are prominent investor Stanley Gold and Beverly Hills attorney and art collector Orna Amir Wolens, who has been a member of the Hammer Museum's Hammer Circle support group. MOCA's announcement Wednesday that Karatz, Gold and Wolens had been elected to the board follows museum leaders' recent decision to remain independent rather than accept an offer from the Los Angeles County Museum of Art to absorb MOCA.
NATIONAL
March 2, 2013 | By Rong-Gong Lin II and Maeve Reston, Los Angeles Times
The Las Vegas casino company headed by high-profile Republican donor and billionaire Sheldon Adelson said it probably violated a federal law that prohibits the bribery of foreign government officials. Las Vegas Sands Corp. said its auditors found that "there were likely violations" of the Foreign Corrupt Practices Act, which bars Americans from bribing foreign officials to secure an advantage. The disclosure was made in a filing Friday with the Securities and Exchange Commission.
BUSINESS
February 8, 2012 | By Nathaniel Popper, Los Angeles Times
Regulators are proposing dramatic reforms to one of the most popular places for retail investors to put their cash: money-market funds. The staff at the Securities and Exchange Commission is drawing up new rules that would govern the $2.7-trillion money-market-fund industry after the ultra-safe reputation of the funds came into question during the financial crisis. Money-market funds have long provided the safety and accessibility of a checking account with slightly higher returns thanks to a strategy of making almost risk-free short-term loans.
ENTERTAINMENT
August 26, 2011 | By Robert Abele
What should have been a disturbing examination of a colossal financial crime in "Chasing Madoff" is instead a disturbed one. Using an irritably distracting collage of hopped-up graphics, archival footage and faux-noir re-creations in black and white, director Jeff Prosserman's frenzied documentary focuses on the scandal's much-noted whistle-blower, a securities analyst named Harry Markopolos, who had been trying for 10 years — before Bernard Madoff's...
CALIFORNIA | LOCAL
December 19, 1994
The new Republican Congress has made it known that the Securities and Exchange Commission is one of the U.S. government agencies that it is targeting for budget cuts and curbs on litigation. With more money than ever pouring into stocks, bonds, mutual funds and other investments, this is not the time to scale back on the watchdog agency assigned to oversee the securities business and look out for consumer interests.
BUSINESS
May 6, 2011 | By Nathan Olivarez Giles, Los Angeles Times
Barnes & Noble Inc. is set to announce a new e-reader May 24, according to a regulatory filing from the company. "In a meeting with investor analysts on May 4, 2011, Barnes & Noble Inc. ... indicated it expects to make an announcement on May 24, 2011, regarding the launch of a new e-reader device," Barnes & Noble said in a filing with the Securities and Exchange Commission. The bookseller and e-reader maker didn't say what the new device would be called, cost or look like.
BUSINESS
February 9, 2011 | By Richard A. Serrano, Los Angeles Times
Intensifying a crackdown on alleged insider trading by hedge funds, federal prosecutors have brought criminal charges against four more people, two of whom have already pleaded guilty. The actions in federal court in New York are the latest in a widening investigation by a special hedge fund task force created by the Securities and Exchange Commission and coordinated by the Obama administration that is designed to stem financial crimes. Two of those charged had connections to Primary Global Research of Mountain View, Calif.
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