A Detroit investment adviser will pay $3.1 million to settle U.S. Securities and Exchange Commission claims that he stole money from a police pension fund to finance the purchase of two California strip malls.
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors is being considered by a New York judge two years after the lender struck the deal to resolve claims over home loans bundled into securities.
GT Advanced Technologies Inc., a U.S. supplier of manufacturing equipment for solar and energy- efficient lighting products, acquired Thermal Technology LLC in a deal that values the supplier of high-temperature furnaces at more than $14.7 million.
The only thing California’s environmentally friendly Democratic legislators prefer to regulating private industry is spending public dollars. So it’s fascinating to watch them struggle with an unfolding dilemma.
On a crisp winter’s day in 2010, Bill Foley was exploring a troubled winery for sale in Sonoma County, California, when he was taken aback by the sight of an enclosed horse-riding ring the size of an airplane hangar.
James Burton didn’t have a penny invested in gold of the $142.8 billion he managed as chief executive officer of the California Public Employees’ Retirement System in 2002. Why would he? The metal had been in a bear market for two decades.
A city council in northern California unanimously rejected a 25 percent increase in water rates over the next five years, saying Sonoma hadn’t considered options including consolidating services with water agencies to cut costs, the Santa Rosa Press Democrat reported.