Foothill Ranch

California Boomtown Draws SEC Probe on Development

David Greiner, a Buick-GMC dealer in the Mojave Desert town of Victorville, California, keeps a Securities and Exchange Commission complaint in his desk, with passages underlined in black pen and notes scribbled in the margins, ready to pick apart the case when anyone asks.

Wet Seal Settles Bias Suit Filed by Black Store Managers

Wet Seal Inc. agreed to pay $7.5 million to settle a lawsuit brought by black store managers who claimed they were fired because they didn’t fit the teen clothing retailer’s “brand image.”

Oakley to Partner Tour de France After Dropping Armstrong

Luxottica Group SpA’s Oakley eyewear company will become a partner of the Tour de France bicycle race next year after ending a long relationship with Lance Armstrong.

Trade Secret, Medical Staffing, Eco2, St. Vincent, Rangers: Bankruptcy

Trade Secret Inc. , a 612-store beauty-supply retailer based in Markham, Canada, filed a Chapter 11 petition yesterday in Delaware along with a term sheet to sell the business to former owner Regis Corp. and an entity controlled by the family that bought the company from Regis in January 2009.

Wet Seal Hires Financial Advisers and Adopts Poison Pill

Wet Seal Inc., the women’s apparel chain under pressure by an activist investor to sell the company, hired financial advisers and adopted a so-called poison pill to block an amassing of shares.

Truvo, Tronox, Bear Island, Lehman, SCO: Bankruptcy

The Chapter 11 cases for units of Truvo Luxemburg Sarl, a Belgium-based publisher of directories, may test whether a U.S. bankruptcy court can or should eliminate debt on European companies that aren’t in bankruptcy in the U.S. or abroad.

Wet Seal Drawing Buyer as Activist Bristles at Value: Real M&A

Wet Seal Inc., the U.S. chain that sells tank tops and denim leggings to teen girls, stands to boost the lowest retail valuation in America by giving in to an activist shareholder’s push for a sale.

Wet Seal Fires CEO McGalla as Same-Store Sales Decline

Wet Seal Inc., the women’s apparel chain, fired Chief Executive Officer Susan McGalla amid declining sales.

Skilled Healthcare Agrees to Mediation to Settle $671 Million Verdict

Skilled Healthcare Group Inc. , which was ordered by a California jury to pay $671 million for improperly staffing nursing homes, agreed to try to settle the case in mediation.

Pfizer Buys Maker of Emergen-C Vitamin Alacer to Add to Supplements Line

Pfizer Inc., the world’s largest drugmaker, has agreed to buy closely held Alacer Corp., which makes dietary supplements including the vitamin C product Emergen-C.

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U.S. Bankruptcy Court

Yen Drops as BOJ Meets While Asian Stocks Retreat; Yuan Advances

Death Toll Passes 90 After Oklahoma Tornado Hits Suburb

Asia Stocks Fall From Five-Year High on Australian Banks

N. Korea Tests Don’t End ‘Provocation Pause,’ U.S. Says

Goldman Said to Seek ICBC Exit With $1.1 Billion Sale