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Steven Rales

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BUSINESS
March 25, 1989 | From the Washington Post
By several estimates, Washington's Rales brothers made a $75-million profit buying--and then selling--stock in Interco Inc. last year, a handsome consolation prize for failing to take over the St. Louis consumer goods conglomerate. But the Federal Trade Commission says the brothers' profits were gained illegally. Three of the five commissioners have now asked the Justice Department, in a confidential petition, to take the Raleses to court to get the money back.
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BUSINESS
March 25, 1989 | From the Washington Post
By several estimates, Washington's Rales brothers made a $75-million profit buying--and then selling--stock in Interco Inc. last year, a handsome consolation prize for failing to take over the St. Louis consumer goods conglomerate. But the Federal Trade Commission says the brothers' profits were gained illegally. Three of the five commissioners have now asked the Justice Department, in a confidential petition, to take the Raleses to court to get the money back.
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BUSINESS
November 3, 2006 | Claire Hoffman, Times Staff Writer
As Hollywood studios make fewer movies in an effort to tighten their belts, top talent agencies quietly have sauntered into the void, becoming de facto bankers by enticing private equity money and wealthy outsiders to fund movies featuring their clients. The trend marks a significant shift for Hollywood, where studios have long served as the largest source of film financing.
ENTERTAINMENT
January 2, 2013 | By Glenn Whipp
Oscar nominations will be announced in eight days, and, at this point, we've put only five movies in our circle of trust for the best picture race -- "Lincoln," "Argo," "Silver Linings Playbook," "Zero Dark Thirty" and "Les Miserables. " Outside that quintet, who knows? "Life of Pi" probably. After that, maybe a couple. Maybe nothing. Under the academy's preferential balloting system, the slate starts at five and can go up to 10, depending on how many movies receive votes near the top of members' lists.
ENTERTAINMENT
January 14, 2013 | By Steven Zeitchik and Ben Fritz, Los Angeles Times
For this awards season, Hollywood came through with a bumper crop of movies that were critical and fan favorites. But in many cases, the big studios themselves can't take much of the credit. Among the films basking in Oscar nominations - and bragging rights for the studios that released them - are "Lincoln," "Zero Dark Thirty" and "Beasts of the Southern Wild. " In a growing trend, the distributors of those three movies didn't pay to make them. Walt Disney Studios, Sony Pictures and Fox Searchlight essentially outsourced the productions, allowing others to invest the money and take the risk.
BUSINESS
July 7, 2011 | By Steven Zeitchik, Los Angeles Times
As Terrence Malick's expensive and ambitious "The Tree of Life" continues to roll out across the country, it doesn't just mark the audacious work of a veteran American director. It represents the latest big gamble for Bill Pohlad and his Minneapolis production and financing company River Road Entertainment. Beginning with 2005's breakout hit "Brokeback Mountain," a love story about two cowboys, and continuing with "Brokeback" director Ang Lee's racy "Lust, Caution," Sean Penn's adaptation of Jon Krakauer's haunting nonfiction book "Into the Wild," the Valerie Plame tale "Fair Game" and the family drama "Tree," starring Brad Pitt, Pohlad has made a name co-financing commercially challenging and often controversial specialty pictures at larger budgets than the independent-film world normally musters.
ENTERTAINMENT
January 2, 2013
"Skyfall" became the first James Bond film to ever receive a nomination from the Producers Guild of America, as its producers and those of  "Argo," "Beasts of the Southern Wild," "Django Unchained," "Les Miserables," "Life of Pi," "Lincoln," "Moonrise Kingdom," "Silver Linings Playbook" and "Zero Dark Thirty" were nominated for the Darryl F. Zanuck producer of the year award for theatrical motion pictures. The complete list follows, and the full story can be read here . FILM Producer of Theatrical Motion Pictures (Darryl F. Zanuck Award)
BUSINESS
February 3, 1998 | BARBARA MARSH, TIMES STAFF WRITER
Kollmorgen Corp., a Massachusetts maker of motors and controls, dropped its hostile bid Monday for industry peer Pacific Scientific Co., shortly after Pacific announced that it agreed to be acquired by a firm that submitted a 27% higher offer. Pacific said it accepted a bid of $30.25 a share from Danaher Corp., a Washington, D.C. maker of controls, tools and other industrial products that is 10 times the size of Kollmorgen.
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