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BUSINESS
August 19, 1992 | From Associated Press
Iran has agreed to pay Atlantic Richfield Co. and another U.S. oil company $130 million each to end a decade-long dispute over oil production rights in the Persian Gulf, the companies said Tuesday. Sun Co. and Arco claimed that the Iranian government had seized their offshore oil field after the 1979 Islamic revolution that toppled Shah Mohammed Reza Pahlavi. Under the agreement, the companies would not be allowed to return to Iran, Sun spokesman Bud Davis said.
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BUSINESS
June 23, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Square, the mobile payments start-up from Twitter Inc. co-founder Jack Dorsey, has added former Treasury Secretary Lawrence H. Summers to its board of directors. Until late last year, Summers served as President Obama's chief economic advisor. He was president of Harvard University from 2001 to 2006 — while Facebook founder Mark Zuckerberg was a student. The San Francisco payments processor — known for its small, white, cubed credit card readers that plug into the headphone jacks of smartphones and tablets in place of a register — added an extra seat to its board for Summers.
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BUSINESS
September 28, 1989 | PATRICK LEE, Times Staff Writer
Sun Co., a Radnor, Pa.-based oil company, said Wednesday that it would begin tests on new reduced-emission unleaded gasolines, part of the oil industry's efforts to build a case for gasoline as the clean-burning fuel of the future. Sun is the second company to unveil such fuels recently. Atlantic Richfield Co. began marketing a cleaner-burning gasoline this month to replace its leaded fuel in Southern California.
BUSINESS
January 19, 2005 | From Bloomberg News
Bill Joy, former chief scientist and co-founder of Sun Microsystems Inc., confirmed Tuesday that he had joined Kleiner Perkins Caufield & Byers as a partner to help invest the venture capital firm's $400-million fund. Joy said in an interview that he would work with entrepreneurs on Web services and software, wireless applications, supercomputing and materials to make mainstream energy devices more efficient. A UC Berkeley graduate, Joy helped develop the Java programming language.
BUSINESS
September 30, 1986
A group that includes Kidder, Peabody & Co., Bankers Trust New York Corp. and Riordan Freeman & Spogli, a Los Angeles-based merchant banking firm, will pay $180 million for Sun Carriers Inc., the Radnor, Pa.-based energy company reported. The unit comprises three regional carriers: St. Johnsbury Trucking, operating in 15 Northeastern states and Canada; Jones Truck Lines, serving 19 South-Central and Midwestern states, and Milne Truck Lines, serving 11 Western states, Alaska and Hawaii.
BUSINESS
January 19, 2005 | From Bloomberg News
Bill Joy, former chief scientist and co-founder of Sun Microsystems Inc., confirmed Tuesday that he had joined Kleiner Perkins Caufield & Byers as a partner to help invest the venture capital firm's $400-million fund. Joy said in an interview that he would work with entrepreneurs on Web services and software, wireless applications, supercomputing and materials to make mainstream energy devices more efficient. A UC Berkeley graduate, Joy helped develop the Java programming language.
BUSINESS
February 24, 1986 | Associated Press
Sun-Diamond Growers said it intends to sue its former president and auditors over $44 million in overpayments to walnut and raisin growers in the farm cooperative. Directors, who held a special meeting last Wednesday, announced in a prepared statement that the board also had fired President Frank Light and William Dabney, the cooperative's executive vice president of finance.
BUSINESS
May 11, 1986 | BRUCE KEPPEL, Times Staff Writer
The post office serving the San Joaquin Valley town of Madera experienced an unusually heavy flow of certified mail this spring--much of it generated by raisin farmers notifying Sun-Maid Growers of their withdrawal from the farmer-owned cooperative that had expected to handle their 1986 crops. About 29% of the cooperative's 2,100 members, who account for 35% of Sun-Maid's acreage, pulled out in the wake of revelations that, through negligence or fraud, they had been overpaid to the tune of $27.
BUSINESS
June 23, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Square, the mobile payments start-up from Twitter Inc. co-founder Jack Dorsey, has added former Treasury Secretary Lawrence H. Summers to its board of directors. Until late last year, Summers served as President Obama's chief economic advisor. He was president of Harvard University from 2001 to 2006 — while Facebook founder Mark Zuckerberg was a student. The San Francisco payments processor — known for its small, white, cubed credit card readers that plug into the headphone jacks of smartphones and tablets in place of a register — added an extra seat to its board for Summers.
BUSINESS
August 19, 1992 | From Associated Press
Iran has agreed to pay Atlantic Richfield Co. and another U.S. oil company $130 million each to end a decade-long dispute over oil production rights in the Persian Gulf, the companies said Tuesday. Sun Co. and Arco claimed that the Iranian government had seized their offshore oil field after the 1979 Islamic revolution that toppled Shah Mohammed Reza Pahlavi. Under the agreement, the companies would not be allowed to return to Iran, Sun spokesman Bud Davis said.
BUSINESS
September 28, 1989 | PATRICK LEE, Times Staff Writer
Sun Co., a Radnor, Pa.-based oil company, said Wednesday that it would begin tests on new reduced-emission unleaded gasolines, part of the oil industry's efforts to build a case for gasoline as the clean-burning fuel of the future. Sun is the second company to unveil such fuels recently. Atlantic Richfield Co. began marketing a cleaner-burning gasoline this month to replace its leaded fuel in Southern California.
BUSINESS
September 30, 1986
A group that includes Kidder, Peabody & Co., Bankers Trust New York Corp. and Riordan Freeman & Spogli, a Los Angeles-based merchant banking firm, will pay $180 million for Sun Carriers Inc., the Radnor, Pa.-based energy company reported. The unit comprises three regional carriers: St. Johnsbury Trucking, operating in 15 Northeastern states and Canada; Jones Truck Lines, serving 19 South-Central and Midwestern states, and Milne Truck Lines, serving 11 Western states, Alaska and Hawaii.
BUSINESS
May 11, 1986 | BRUCE KEPPEL, Times Staff Writer
The post office serving the San Joaquin Valley town of Madera experienced an unusually heavy flow of certified mail this spring--much of it generated by raisin farmers notifying Sun-Maid Growers of their withdrawal from the farmer-owned cooperative that had expected to handle their 1986 crops. About 29% of the cooperative's 2,100 members, who account for 35% of Sun-Maid's acreage, pulled out in the wake of revelations that, through negligence or fraud, they had been overpaid to the tune of $27.
BUSINESS
February 24, 1986 | Associated Press
Sun-Diamond Growers said it intends to sue its former president and auditors over $44 million in overpayments to walnut and raisin growers in the farm cooperative. Directors, who held a special meeting last Wednesday, announced in a prepared statement that the board also had fired President Frank Light and William Dabney, the cooperative's executive vice president of finance.
NEWS
September 26, 1985 | Associated Press
Lightning ignited fumes in an underground storage tank at a Sun Co. Inc. refinery Wednesday, causing an explosion that tossed pieces of concrete up to 300 yards but injuring no one, officials said.
BUSINESS
July 8, 1988
Sun Co. has named Robert P. Hauptfuhrer chairman and chief executive of a newly independent Sun Exploration and Production Co. The new company is part of a major restructuring of Sun and will be headquartered in Dallas. Hauptfuhrer previously was president and chief operating officer of Sun Co. James McCormick, who now heads Sun's exploration and production operations, will be president and chief operating officer of Sun Exploration and Production Co.
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