April 23, 2014 |
Allergan Inc., the Irvine company that makes Botox, has adopted a "poison pill" defense that could make it more difficult for Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman to force through a takeover bid. The company's "stockholder rights plan" would allow existing shareholders to buy Allergan stock at a steep discount if any single investor acquires more than 10% of its shares. The move prevents Ackman, who disclosed earlier this week that he had acquired 9.7% of Allergan's shares, from significantly increasing his holding.
CALIFORNIA | LOCAL
April 22, 2014
Hamish Maxwell Philip Morris Cos. CEO Hamish Maxwell, 87, who steered Philip Morris Cos. in its purchase of General Foods Corp. and takeover of Kraft Inc., milestones in transforming the tobacco company into a consumer products conglomerate in the 1980s, died Saturday at his home in Palm Beach, Fla. He had bladder cancer, said his daughter Graham Russell. Maxwell spent 37 years with Philip Morris, culminating with his tenure as chairman and chief executive officer from 1984 to 1991.
April 7, 2014 |
Russian President Vladimir Putin's unimpeded success in annexing Crimea has inspired Russian nationalists in eastern Ukraine to seize territory and sown fear region-wide that such provocations will spur Moscow to intervene on behalf of ethnic Russians. The occupation of government buildings in the Ukrainian cities of Donetsk, Lugansk and Kharkiv on Sunday mirrors what happened in Crimea, where Russian forces barricaded themselves in local authorities' offices and demanded a referendum on whether to the peninsula should secede and join Russia.
CALIFORNIA | LOCAL
April 4, 2014 |
The Armenian community in Glendale is reacting with anger to the takeover by rebels of the Syrian town of Kasab near the Turkish border that is home to about 2,500 Armenian Christians. Many Armenians consider the region to be historically part of their homeland. The Syrian rebel forces who overran the town came in through the Turkish border in March, prompting inhabitants to flee the violence. The takeover also was a painful reminder of the Armenian genocide, demonstrators said in Glendale, which is preparing to commemorate the 99th anniversary of the genocide later this month.
March 9, 2014 |
WASHINGTON -- The United States would not recognize a referendum by Crimea to leave Ukraine, and a shift of that region to Russia “is not a done deal,” a top Obama administration official said Sunday. “If there is a referendum and it votes to move Crimea out of Ukraine and to Russia, we won't recognize it and most of the world won't either,” deputy national security advisor Tony Blinken said on NBC's “Meet the Press.” “Were that to happen, the isolation of Russia, the cost that it would pay, would increase significantly from where they are now,” he said.
March 8, 2014 |
BEIRUT - After weeks of fighting, the Syrian military has wrested control of a rebel-held town near the Lebanese border in the strategic province of Homs, military and opposition representatives said Saturday. The seizure of Zara, close to the main highway linking Homs city to the Mediterranean coast, is the latest reported government advance in its effort to seal the porous border with Lebanon, long a conduit for antigovernment fighters and arms. In a statement, the Syrian military hailed the seizure of Zara, which "had been used as a main passage for the terrorist groups that would come from Lebanon and head to neighboring areas to carry out their criminal operations.