The number of people with a net worth of $30 million or higher is growing rapidly in the U.S., especially in California and New York.» Read More
COSTA MESA, Calif.-- Pacific Premier Bancorp. Inc. said Monday that it agreed to buy First Associations Bank in a deal valued at $53.7 million. First Associations had $356.2 million in assets and $305.5 million in deposits as of Sept. 30.
2. "Argo," Warner Bros., $19,458,109, 3,232 locations, $6,020 average, $19,458,109, one week. 4. " Hotel Transylvania," Sony, $17,241,317, 3,375 locations, $5,109 average, $102,133,934, three weeks. 5. "Here Comes the Boom," Sony, $11,816,596, 3,014 locations, $3,921 average, $11,816,596, one week.
SAN DIEGO-- WD-40 Co. said its fiscal fourth-quarter profit dropped 11.9 percent because sales in Europe slipped as customers delayed buying its lubricant and cleaning products. WD-40 makes its namesake spray lubricant, along with related cleaning products. WD-40 gets more than half of its sales in the Americas, and about one-third from Europe.
SAN CLEMENTE, Calif.-- ICU Medical Inc. said Monday that its net income climbed 32 percent in the third quarter on more sales of infusion therapy and cancer treatment products. Net income rose to $12.2 million, or 82 cents per share, from $9.3 million, or 65 cents per share, a year ago. Shares of ICU Medical rose 75 cents to close at $59.96.
SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a pallet jack operator was cooked to death at a Bumble Bee Foods seafood processing plant.
MENLO PARK, Calif.-- The Food and Drug Administration will review DepoMed Inc.' s potential treatment for menopausal hot flashes and may decide its fate by next spring. DepoMed, based in Menlo Park, Calif., said Monday that the FDA accepted Serada for a standard review and aims to complete its evaluation by May 31.
SAN DIEGO-- Home prices in the San Francisco Bay area have risen to their highest level in four years. The San Diego research firm DataQuick reports Monday that the median price for Bay area homes last month was $429,000. It's also $139,000 higher than the mid-2009 low.
WASHINGTON-- Nearly six in 10 Medicare recipients would pay higher premiums under a hypothetical privatized system along the lines of what Republican presidential candidate Mitt Romney has proposed, according to a study released Monday.
ST. PAUL, Minn.-- A 3 M Co. subsidiary launched a tender offer Monday for all outstanding shares of common stock of Ceradyne Inc. as part of the office supply company's plan to buy the ceramic components maker. 3 M, which makes Post-It notes and other products, announced in September that it was buying Ceradyne for $847 million.
BROWNSVILLE, Texas-- When the federal government began seizing private land along the U.S.- Mexico border to build a towering fence, Teofilo Flores was offered $1,650 for a slice of his backyard. And another nearby farmer pocketed $1 million in exchange for his cooperation.
MENLO PARK, Calif.-- The Food and Drug Administration will review Depomed Inc.' s potential treatment for menopausal hot flashes and may decide its fate by next spring. Depomed, based in Menlo Park, Calif., said Monday that the FDA accepted Serada for a standard review and aims to complete its evaluation by May 31.
SAN FRANCISCO-- The Charles Schwab Corp. has agreed to acquire dividend income specialist ThomasPartners Inc. for an upfront payment of $85 million, plus additional payments if the smaller company can attract more investors. It had $2.3 billion under management as of Sept. 30, mostly in growth-oriented stocks that pay dividends.
In addition to its namesake stores, Gap Inc. operates Old Navy, Banana Republic and Athleta. At Gap, for example, it's focusing on denim products while at Banana Republic it's been zeroing in on suits. But she also said that Old Navy's new global brand president, Stefan Larsson, should bring fresh ideas that have an impact on the brand in 2013 and beyond.
LOS ANGELES-- Liam Neeson's "Taken 2" has defended its box-office title with a narrow win over Ben Affleck's "Argo." Sony's "Here Comes the Boom," with Kevin James as a teacher who becomes a mixed martial arts sensation, started weakly at No. 5 with $12 million.
SEATTLE-- Inspired by the Pompidou Center in Paris, which for nearly two years removed all the men's art from their modern galleries, the Seattle Art Museum is letting women take over its downtown building this fall.
MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.
DOS PALOS, Calif.-- Cannon Michael is a folk hero across California's agriculture heartland, where these days the price of scrap metal influences a farmer's bottom line as much that of the fine pima cotton he grows.
Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail. Unlike some recent Nobel prizes _ such as the Peace Prize that went to the embattled European Union last week _ this year's economics award did not seem to send a political message.
STOCKHOLM-- Americans Alvin Roth and Lloyd Shapley were awarded the Nobel economics prize on Monday for research that helps explain the market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients. Roth, 60, is a professor at Harvard University in Boston.
SAN FRANCISCO-- Corrosion that went unchecked _ the suspected cause of a fire at Chevron Corp.' s Richmond refinery in August _ has been linked to a fire at the plant in October 2011, the San Francisco Chronicle reported Sunday.