November 12, 1994 |
Chiron Corp.'s share price soared as much as 32% Friday after the Emeryville-based biotechnology company said it was discussing a possible deal for another company to acquire a "substantial" minority stake in Chiron. The stock peaked at $79 in Nasdaq trading before closing at $71.50--up $11.75, or nearly 20%--on speculation that the talks might lead to Chiron being taken over by Ciba-Geigy, a Swiss pharmaceutical and chemicals firm.
CALIFORNIA | LOCAL
January 9, 2001 |
GenesisIntermedia.com finished 2000 as the top gainer among publicly traded San Fernando Valley businesses, with its stock surging 195% on the year, to close Dec. 29 at $17.13. The company generates most of its revenue selling consumer goods--including health and fitness products and self-help materials--via infomercials and direct telemarketing campaigns, said Robert Bleckman, director of investor relations for the company.
May 19, 1999 |
J.C. Penney Co. said Tuesday that it intends to spin off 20% of its booming Eckerd Drugstore chain and sell off the credit card business of its sagging namesake department store in an attempt to appease investors at a time of less-than-stellar performance. Investors embraced the news, sending Penney's stock up $4.44 to close at $50.13 on the New York Stock Exchange. But some analysts continued to question the company's ability to resuscitate the ailing JCPenney stores.
August 25, 2004 |
Equity investors all but ignored another substantial retreat in oil prices Tuesday, leaving stocks mixed in a listless and lightly traded session. Tech stocks fell in response to a brokerage downgrade of Cisco Systems, while blue chips got a boost from an upgrade of Caterpillar. Although oil dipped briefly below $45 a barrel during the session, two days of falling prices were insufficient to lure cautious investors back into the market.
October 17, 2012 |
After falling for weeks, Apple Inc.'s stock got a much-needed boost Tuesday on news that the company will announce a new product, probably the iPad mini, next week. That seemed to placate Wall Street - at least for now. But lingering worries about supply problems and labor unrest at factories in China were not completely erased. Apple shares still have a long way to go before they can fully make up for the 10% drop since the launch of the iPhone 5 on Sept. 21. Although the company didn't say what it would announce in San Jose on Tuesday, it's widely expected to be the iPad mini, a smaller version of its popular iPad tablet computer.
February 14, 2014 |
Occidental Petroleum, the longtime Los Angeles-based energy giant, announced Friday that it would move its headquarters to Houston and spin off its California assets into a separate company. The latest move is part of the company's strategic overhaul as it seeks to bolster its profitability and share price after falling behind competitors in recent years. The move signals the end of a storied run for Occidental in Los Angeles, where it was founded nearly a century ago and grew into the nation's fourth-largest oil company.
November 15, 1999
A look at initial public stock offerings planned by California companies. For more information on upcoming deals, contact the companies or the underwriters. Note: Most of the companies and underwriters have Web sites you can visit. (BEGIN TEXT OF INFOBOX / INFOGRAPHIC) Tracking the Deals: Upcoming California IPOs Company: Plastic kSurgery Ticket Symbol: PSU City: Santa Barbara Industry: Cosmetic surgery Size, in millions: $20 Est. share price: $8 - 9 Underwriter: Cruttenden Roth Est.
October 12, 2001 |
A self-proclaimed "financial astrologist" and 20 others swindled investors in four companies out of more than $30 million, the Securities and Exchange Commission said in lawsuits filed Thursday. At the center of the alleged schemes is stock promoter Edward Durante, who used offshore companies he controlled to manipulate penny stocks, the SEC said.