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BUSINESS
June 24, 2003 | From Bloomberg News
Discount broker Charles Schwab Corp. is taking another step to expand its base of wealthy customers: The firm has agreed to buy the private-asset management business of State Street Corp. for about $300 million, a person familiar with the matter said. Boston-based State Street, the world's largest custodian of assets, probably will announce the sale of the unit, which manages $13 billion for wealthy investors, to San Francisco-based Schwab's U.S. Trust Corp. this week, the person said. U.S.
ARTICLES BY DATE
CALIFORNIA | LOCAL
April 3, 2013 | By Andrew Blankstein
There's aggressive panhandling, and then there's the fearsome strategy allegedly employed by Trevor Ian Ruggles. Authorities said Ruggles was arrested Monday on suspicion of multiple misdemeanors after a Santa Barbara police community services liaison observed him tossing a 22-inch machete into the air while cursing and yelling to passersby, “Give me your ... money.” His tactic didn't win much sympathy or result in donations from pedestrians, who...
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BUSINESS
December 9, 1999 | Reuters
Citigroup Inc., the No. 1 financial services company, said it agreed to form a new company with State Street Corp. that will provide pension plans and other services in the U.S. and abroad. In addition to pension plans, the new venture, to be called CitiStreet, will offer defined contribution and health and welfare plans when it begins operations in the first half of 2000. The venture will focus on corporate and not-for-profit organizations, the companies said.
BUSINESS
March 12, 2013 | By Jessica Guynn
SAN FRANCISCO -- Google has agreed to pay a $7-million fine to settle a probe by 38 states and the District of Columbia that it collected personal data from unsecured wireless networks while operating its Street View fleet. The Connecticut attorney general's office, which led an eight-state committee that investigated the data collection, made the announcement Tuesday. Word leaked Friday that Google had reached a settlement with the states . As part of the agreement, Google must educate employees about the privacy of consumer data and sponsor a public service campaign to teach people how to secure their wireless networks.
BUSINESS
November 9, 2007
Standard & Poor's said Thursday that a collateralized debt obligation, or CDO, managed by State Street Corp. began liquidating its assets, prompting the ratings firm to slash the investment vehicle's credit grades as much as 18 levels. The ratings on the most senior class of Carina CDO Ltd. were lowered to BB, two levels below investment grade, from AAA, while another AAA class was slashed 18 steps to CCC-minus. The chance of material losses to note holders is high, New York-based S&P said.
ENTERTAINMENT
April 27, 1999 | VICTORIA LOOSELEAF, SPECIAL TO THE TIMES
Two 6-year-old dance companies--Inland Pacific Ballet, under artistic director Victoria Koenig, and State Street Ballet of Santa Barbara, led by Rodney Gustafson--are proving against all odds and naysayers that ballet is alive and kicking in Southern California. Gustafson, formerly with American Ballet Theatre, brought his "Romeo and Juliet" on April 16 to Rolling Hills' Norris Theatre. Using Prokofiev's score, he successfully streamlined the work, focusing on the eponymous lovers in two acts.
NEWS
April 22, 1993 | BILL LOCEY, SPECIAL TO THE TIMES
Unless the three remaining Beatles decide to play on your deck, the best source of live music for Ventura County fans remains up the coast in Santa Barbara. Don't misunderstand. Ventura County rocks here and there, but in about a five-block portion of State Street it's as close as it gets to rock 'n' roll heaven. Nothing around here comes close. From the Dolphin Tavern to Alex's Cantina, there's about a hundred venues where a thousand bands are playing a million new songs.
BUSINESS
February 6, 2007 | From the Associated Press
State Street Corp. said Monday that it would buy Investors Financial Services Corp. for $4.18 billion in stock to expand into providing institutional asset services for the fast-growing hedge fund industry and funds managed overseas. State Street said it eclipsed other bidders in reaching a deal between two Boston-based firms that would pay investors a 38% premium on the value of their shares. Shares of Investors Financial Services soared 27%, and State Street's stock tumbled 6%.
NEWS
March 1, 1992 | ERIC FIDLER, ASSOCIATED PRESS
It's forward to the past for Chicago's famed State Street, as stores and shoppers--long lured away by suburban shopping malls--are beginning to return to the once-splendid Main Street of America's Midwest, for years let go to seed. Where six grand department stores once reigned, shoppers today find only two among the cut-rate lingerie shops, discount shoe stores, fast-food restaurants and pharmacies.
BUSINESS
October 21, 2009 | Marc Lifsher
A Boston bank cheated California's two largest employee pension funds of nearly $57 million by inflating fees it charged for foreign currency trades, according to a suit filed Tuesday by the state attorney general's office. The pension funds, including the giant California Public Employees' Retirement System, didn't even know they were being fleeced by State Street Corp., the state's lawyers said. The scheme was uncovered by whistle-blowers with firsthand knowledge of how State Street operated, they said.
BUSINESS
October 12, 2012 | By Shan Li
Discount chain 99 Cents Only Stores Inc. is shopping on Rodeo Drive. The City of Commerce retailer, which has thrived in the economic downturn, announced that it was scouting real estate on the iconic street in Beverly Hills to open its flagship store, said Eric Schiffer, the company's chief executive. "We know many customers are driving from Beverly Hills to shop at 99, and they have been saying 'Please open a location in Beverly Hills,'" he said. Schiffer said the posh customers expected to shop at a new Rodeo Drive store are now driving to the 99 Cents store on Wilshire Boulevard near Beverly Hills.
TRAVEL
July 15, 2012 | By Christopher Reynolds, Los Angeles Times Staff Writer
If all of California had been created by a romance novelist, it would probably look like Santa Barbara -- whitewashed walls, red-tile roofs, gentle slopes, lapping waves, swaying fronds, stately churches and private estates suitable for Oprah, Rob Lowe and the crowned heads of Europe. Alas, most of California was built with only limited romance-novelist input. So Santa Barbara stands apart, its seaside location and Spanish Colonial glamour luring legions of weekend tourists and wintering gazillionaires.
CALIFORNIA | LOCAL
February 9, 2011 | By Steve Chawkins, Los Angeles Times
Stung by public criticism, Santa Barbara officials Tuesday killed their $50,000 plan to curb panhandling by rearranging 14 benches on the city's best-known thoroughfare. "The more I learned about what we were trying to do, the more questions I had," Mayor Helene Schneider said. "The intent is a good one, but I'm not sure this is the right method to get there. " The idea was to turn benches along two blocks of State Street perpendicular to storefronts instead of facing them, as they have for 10 years.
CALIFORNIA | LOCAL
August 25, 2010 | By Steve Chawkins, Los Angeles Times
In a couple of hours, the boy named Jasiel would have started the second day of second grade and his parents would have gone off to the multiple jobs they worked just to get by. But with a terrible noise and a choking plume of smoke, their Santa Barbara house collapsed atop them shortly before 7 a.m. Tuesday as a runaway truck finally came to a tragic halt. Buried beneath the rubble of their home and a mountain of gravel being hauled to a construction site, the effervescent 7-year-old and his parents died in the crash that demolished their small rented home at the foot of San Marcos Pass.
TRAVEL
January 31, 2010
Santa Barbara County is celebrating 100 years of filmmaking. Beginning in 1910, movies were shot at Flying A Studio, which occupied two full blocks along Mission Street in downtown Santa Barbara. Most of the buildings are gone, but a piece of the former studio, at the corner of Mission and State Street, is now home to Garrett's Old Fashion Restaurant, (805) 567-0400. Photos from Flying A's heyday are on display. The local visitors bureau offers a variety of information, including the Santa Barbara County Film Tour booklet, which is chock-full of movie lore and locations; 1601 Anacapa St., (805)
TRAVEL
January 17, 2010
SAN FRANCISCO Edwardian World's Faire and Ball When, where: Jan. 22 and 23, Regency Ballroom Highlights: The faire, on Jan. 22, is a dramatic celebration of the turn-of-the-century era with performances, gardens, a bazaar and exhibition halls about Edwardian arts and technology. The 10th annual ball, which is on Jan. 23, features elaborate costumes, dancing, music, circus arts, burlesque and ballroom-dancing classes. Cost: Tickets to the faire start at $26; tickets to the ball start at $36. Info: www.edwardianball.
NEWS
November 16, 1997 | VALERIE BURGHER, TIMES STAFF WRITER
Nancy Vasquez, with her slight frame and strawberry blond hair, bears little resemblance to the black-bonneted, hatchet-wielding Carry Nation. But in recent months, residents have closely identified the 31-year-old Vasquez with the American temperance figure. The reason: Vasquez's organization has made a mission of stricter liquor licensing in this city's bustling Old Town.
NEWS
February 28, 1994 | KATHLEEN SHARP, SPECIAL TO THE TIMES
After 75 years of doing business here, Diedrich Auto Parts is moving out of its graceful, arching building on State Street and leaving town. "This is a town for the newly wed and nearly dead," store owner John Diedrich said, quoting a local aphorism. "Rents are too high and it's not a town for my kind of business."
BUSINESS
January 15, 2010
Large bills How much the biggest firms might pay, listed by company and estimated annual amount owed under proposed tax in billions: Citigroup $2.11 Bank of America 1.98 JPMorgan Chase 1.92 Goldman Sachs Group 1.18 Morgan Stanley 0.99 Barclays Group US 0.56 Wells Fargo 0.55 ...
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