June 23, 2000 |
Tustin biotech company Techniclone Corp. said Thursday it will issue about $3 million in common stock to Germany-based Schering AG to cover projected expenses of clinical trials of Oncolym, a Techniclone drug to treat non-Hodgkin's lymphoma. Schering's U.S. unit, Berlex Laboratories, will begin Phase I trials to measure the safety and effectiveness of a single dose of Oncolym in intermediate and high-grade non-Hodgkin's lymphoma, Techniclone said Thursday.
February 15, 2000 |
Instead of checks and cash donations, churches and other charities are increasingly seeing their coffers filled with the currency of the Information Age--stocks of highflying technology companies. The surge in stock donations has occurred as many more households have come to own stock and have become wealthier as a result of the long bull market. Beneficiaries of the nation's high-tech boom have been leading the stock-giving.
June 10, 1999 |
A growing number of mutual funds are imposing redemption fees on short-term investors in an effort to deter them from churning their shares and wreaking havoc on the funds. While the absolute number of funds imposing such fees remains modest--311 of the estimated 5,000 stock funds available--that figure shot up nearly 50% between December 1997 and April 1999, according to a new study by Boston-based Financial Research Corp. And the number continues to grow.
January 1, 1999 |
Real estate magnate William Lyon, moving to consolidate his home-building empire, agreed Thursday to acquire a dominant interest in financially ailing Presley Cos., one of Southern California's largest home builders. Under the complex deal, Presley would acquire Lyon's privately held firm, William Lyon Homes Inc., for $48 million, or about twice the book value of Lyon's home-building company. In turn, Lyon Homes offered to purchase 40% to 49% of Presley's stock at 62 cents per share.
November 4, 1997 |
Lockheed Martin Corp. said Monday that it will turn over some businesses to General Electric Co. in a $2.8-billion deal that will enable Lockheed to retire 29 million shares of preferred stock GE has owned since it sold its aerospace unit to the company in 1993. GE will acquire Lockheed Martin's factory on the Middle River in Baltimore, which makes parts for GE and other jet engine manufacturers; Access Graphics, a computer distribution unit in Boulder, Colo.
July 15, 1997 |
The board of directors of PerfectData Corp. in Simi Valley has authorized the distribution to shareholders of one share of Staruni Corp. for every four shares of PerfectData. Fractional shares will be rounded off to the nearest whole number. The distribution date has been set for Aug. 14 to shareholders of record July 17. PerfectData owns about 1 million shares of Staruni, or about 50% of the company.