Twelve members of the Business Journal’s annual OC’s Wealthiest list made this year’s Forbes ranking of the world’s billionaires.
The S&P 500 was down 1% in midday trading to 2,350.56.
The S&P 500 was down 0.1% in midday trading to 2,376.88.
Starwood Capital Group is exiting TRI Pointe Group Inc. with the sale of 12 million shares, or 7.5% of the Irvine-based homebuilder.
FINANCE: Activist fund backs off proxy fight over Banc of California
It appears that Banc of California can strike proxy-battle skills from its list of job requirements when searching for a new chief executive.
The S&P 500 was up 0.4% in midday trading to 2,373.91.
The S&P 500 was down 0.4% in midday trading to 2,363.98.
Irvine-based Banc of California Inc. said it has reached an agreement with Legion Partners Asset Management LLC to avoid a proxy battle.
Newport Beach-based PIMCO, one of the world’s largest investment firms, with $1.47 trillion in assets under management, appointed nine new managing directors.
Whittier Trust, a private family office in South Pasadena that serves 349 families and has $11 billion in assets under advisement, has appointed Jim Doti to its board of directors.