CALIFORNIA | LOCAL
May 17, 1992 |
A slice of American tradition has disappeared--at least temporarily. Pie Town no longer has a pie shop. Not that Emily Lerma planned it that way. She had been making Pie Town's pies--berry pies, pumpkin pies, pecan pies, apple pies--for a dozen years when she broke both legs in a traffic accident in August, 1989. She reopened the following year, but pain from her injuries forced her to close in December, 1990. Now she lives in the little white building on U. S.
December 16, 1989 |
Whether they're naughty or nice, most children growing up on the affluent side of Orange County can expect a bountiful Christmas. And they know it. The letters sent to the North Pole from some children are so long they require extra postage--and the lists just get longer when the writers learn where the goods really come from. It takes a special effort from parents to make sure Christmas doesn't become a conspicuous consumption marathon, say local family counselors.
December 9, 1988 |
You might have noticed the ice rink at Nordstrom in South Coast Plaza. Or the elves at Fashion Island. Or the giant talking bear at Anaheim Plaza. They are all part of the arsenal of gimmicks designed to combat any hint of sluggish holiday shopping. Even before many families had discarded last year's Christmas tree, retailers--determined not to repeat 1987's Scroogy Christmas sales--had begun plotting ways to keep customers and cash flowing during this holiday season.
November 13, 1988
Regarding "How LBOs Work" (Oct. 21): Thank you for the short and simple explanation of this complicated series of transactions. As I have suspected for some time, the only party hurt in this deal is the stockholder. Yes, he gets more than the then-market value of his shares of stock. But he is forced to sell--perhaps against his long-range plans--and very definitely he is at the mercy of a group of highly paid consultants, bankers, etc., who will make enormous fees from this transaction.
October 27, 1987 |
China's leaders are determined to carry out fundamental price reforms but will do so cautiously, two key Chinese policy-makers indicated Monday. To boost agricultural production and increase economic efficiency, China must allow the prices of many items to rise toward their true value, the two officials said at a press conference in connection with the 13th National Congress of the Communist Party of China.
December 4, 1986
EECO Inc. said shareholders at a special meeting approved a re-incorporation in Delaware and also adopted a provision to prevent a buyer from purchasing the company at less than what directors consider its true value. Delaware's sophisticated corporate legal system and liberal laws governing corporations have made the state the nation's leading corporate home.
CALIFORNIA | LOCAL
May 2, 1986 |
A year ago the dollar bought 250 yen. Today the Prime Minister of Japan calls the dollar outrageously low at an exchange rate of 170 yen, while the U.S. Treasury Secretary reportedly says that the dollar could fall to 150 yen. The issue is certain to arise at the economic summit in Tokyo this week. What do the economic fundamentals suggest as an appropriate exchange rate? A comparison of the growth of productivity in the U.S.
March 26, 1985 |
Two East Coast savings and loans have filed a $222-million suit against Wells Fargo Bank for losses suffered in the purchase of mortgage-backed securities. Riverhead Savings Bank of Long Island, N.Y., and First Federal Savings & Loan of Hammonton, N.J., filed suit Friday in U.S. District Court in San Francisco.