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Yasheng ECO-Trade Corp. said on Monday that it had entered into a preferred stock purchase agreement with a subsidiary of Socius Capital Group LLC to invest up to $5 million over time.
The Beverly Hills-based company agreed to sell up to 500 shares of its Series D Preferred Stock, in one or more tranches from time to time. The tranches will be sold at the company's sole discretion, at a purchase price of $10,000 per share, for an aggregate purchase price of up to $5 million. ...
Oregon's goal of winning a Rose Bowl was denied Friday as the Ducks dropped a crushing 26-17 decision to Ohio State.
“Not getting our seniors a win,” junior linebacker Spencer Paysinger told the Eugene Register-Guard after the game, “is hard for me to swallow right now.”
Paysinger, a 2006 Beverly Hills High School...
City National Corp. said Wednesday that it had repurchased half of the $400 million of the preferred shares it sold to the U.S. Treasury last year as part of the Troubled Asset Relief Program, or TARP.
In a statement, the holding company of City National Bank said that it was able to repurchase the share because of its strong balance sheet and capitalization. Its ratio of Tier 1 common shareholders' equity to risk-based assets was 9.22 percent as...
The Beverly Hills Independent is taking a couple of days off to celebrate the New Year. We will return on Monday, Jan. 4, with a wrap up of Spencer Paysinger's performance for the Oregon Ducks in the Rose Bowl.
In the weeks to come, The Independent will cover the Beverly Hills school board's final vote on out-of-district permits, City Council meetings, plus business and sports features.
Happy New Year!
El Camino Real Conquistadors supporters were pleased Tuesday as they saw their basketball squad hold off Beverly Hills Normans 47-43 in a non-league game at the Swim-Gym in Beverly Hills.
Chelsea Austin scored 14 points with 17 rebounds and one steal, while Miranda Abdul-mansour added 16 points, eight rebounds and one steal in the Normans loss to El Camino Real. Sophomore Shannon Kingery led the Conquistadors with 17 points, six rebounds and three steals and Brooke Amenta added 12 points and nine rebounds....
The Beverly Hills school district is expected to reduce about 10 percent of its student body after it ends a policy that allowed out-of-district enrollment.
...The Beverly Hills High School girls' varsity basketball team captured the Burroughs Tournament on Dec. 19 with a 74-64 win over Canyon High School in the championship game.
Jaina Abdul-mansour led the Normans with 21 points, five rebounds and three steals. Chelsea Austin added 17 points, 16 rebounds and three steals and Lisa Kilman had 18 points.
Brooke LeMar scored 10 points to lead Canyon....
Robert De Niro and Leonardo DiCaprio are set to celebrate Martin Scorsese at next month's Golden Globe Awards.
The two actors and longtime Scorsese collaborators will present the director with the Cecil B. DeMille Award at the 67th annual Globes ceremony.
The DeMille award recognizes outstanding contributions to entertainment. Past winners include last year's recipient, Steven Spielberg, along with Warren Beatty, Anthony Hopkins and Michael Douglas.
The Golden Globe Awards will be presented Jan. 17 at the Beverly Hilton Hotel and broadcast live on NBC.
City National Corp. has announced that its wholly owned subsidiary, City National Bank, has acquired the banking operations of La Jolla, Calif.-based Imperial Capital Bank in a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC).
City National will acquire approximately $3.4 billion in assets and approximately $2.2 billion of deposits, including $500 million of core deposits, as of Sept. 30. Imperial Capital Bank's $2.6 billion in loans will be subject to a loss-sharing agreement...
Washington University in St. Louis senior Caryn Rosoff (Beverly Hills) was named to the 2009 National Soccer Coaches Association of America (NSCAA)/adidas Division III Women’s Soccer All-America Team, as announced by the association....
After two straight losses, the Beverly Hills girls' basketball team rebounded Tuesday with a 67-43 win over host Saugus High School.
With the victory, Beverly Hills improves its record to 4-2 on the season. Miranda Abdul-mansour led the Normans with 26 points, nine rebounds, while her sister, Jaina, score 12 points, seven rebounds and four assists.
Chelsea Austin contributed 12 points, six assists...
Linebacker Spencer Paysinger, a 2006 Beverly High graduate, made six tackles as seventh-ranked Oregon clinched its first Rose Bowl game appearance since the 1994 season with a 37-33 victory over 13th-ranked Oregon State on Dec....
City National Corp. said it is selling $250 million of trust preferred securities due in 2040, some of which might be used to pay back government bailout funds. In a filing with the Securities and Exchange Commission, City National...
Greg Towsend Jr. a defensive end on the Beverly Hills football team has received six scholarship offers from Pac-10 and ACC colleges including Arizona State, California, Clemson, Miami, UCLA and USC....
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The Beverly Hills girls' basketball team continued its success in the Inglewood City of Champions Holiday Classic at St. Bernard High School with a 54-51 win over Washington High School on Wednesday.
The Normans (3-0) were led by Miranda Abdul-Mansour who scored 27 points to go along with three assists and five blocked shots. Her twin sister, Jaina Abdul-Mansour, added 15 points, nine rebounds and three steals and Chelsea Austin scored 10 points and...
Katie Lichtig, Beverly Hills’ assistant city manager and chief operating officer, has accepted the role of city manager in San Luis Obispo, replacing Ken Hampian, who is retiring. Lichtig has been with the City of Beverly Hills since 2005. ...