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Several fast-growing wildfires fueled by a vicious Southern California wind storm are devastating communities across the Los Angeles region, with homes being burned to the ground and over a ...
For years, Facebook and Zuckerberg resisted both buyouts and taking the company public. The main reason that the company decided to go public is because it crossed the threshold of 500 shareholders, according to Reuters financial blogger Felix Salmon. [2] Facebook reportedly turned down a $750 million offer from Viacom in 2006. [3]
Los Angeles sports organizations are uniting to launch an “LA Strong” custom logo and apparel line that will raise money for organizations assisting those impacted by this week's devastating ...
Mayor Karen Bass selected developer and civic leader Steve Soboroff to lead Los Angeles' recovery and rebuilding efforts in the wake of the Palisades fire.
The origins of Aristotle can be traced back to its predecessor, Metropolitan West Capital Management (MWCM), a large-cap equity value investing business under Metropolitan West Financial. It was founded by Howard Gleicher, Gary Lisenbee and Steve Borowski in 1997. [2] The three of them were previously principals at Palley-Needelman Asset ...
In 2020, Facebook, Inc. spent $19.7 million on lobbying, hiring 79 lobbyists. In 2019, it had spent $16.7 million on lobbying and had a team of 71 lobbyists, up from $12.6 million and 51 lobbyists in 2018. [129] Facebook was the largest spender of lobbying money among the Big Tech companies in 2020. [130]
On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion. [266] However, Microsoft bought preferred stock that carried special rights, such as "liquidation preferences" that meant Microsoft would get paid before common stockholders if ...
In May 2009, Guggenheim Partners acquired a controlling interest in financial services firm Transparent Value LLC. [18] In July 2009, it acquired Claymore Group, a firm known for its Exchange-traded funds and unit investment trusts. [19] In December 2009, Guggenheim acquired a division of Wellmark and renamed it Guggenheim Life & Annuity. [20]