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Updated: 5/9/2008 2:54:27 PM
Newhall Owner Defaults on Loan
The joint venture that owns Newhall Land & Farming Co. and is on the eve of building a 21,000-home project in the Santa Clarita Valley has defaulted on its $1.1 billion loan.
True Religion Spikes On Q1, Forecast
Shares in True Religion Apparel Inc. shot up Friday after the high-end denim retailer posted better-than-expected first quarter earnings and boosted its forecast for the rest of 2008.
Big Movers
After two weeks of solid gains, the Los Angeles Business Journal’s index of the 200 largest public companies took a dip this week, dropping 2.1 percent. In all, 130 of the companies either lost ground of stayed flat for the week.
Podcast: Preview the Business Journal
Easy access to the Los Angeles Business Journal podcast is available from a link at the upper left corner of the home page. Click the standing link there, or here, to hear Editor Charles Crumpley provide highlights from the May 12 edition.
Fremont Considers Toward Bankruptcy
Shares of former mortgage lender Fremont General Corp. plunged 47 percent Friday after the company said that it may be forced to file for bankruptcy in order to complete the sale of its retail banking business.
Superior Shares Surge on Q1 Earnings
Shares in Superior Industries International Inc. gained 13 percent early Friday after the company reported that first-quarter profit rose 55 percent as lower expenses offset weaker sales.
Guidance Reports Increased Q1 Loss
Shares in Guidance Software Inc. edged down early Friday after the company reported an increased first-quarter loss late Thursday.
More Latest Local News...
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A Secret Identity for Marvel
The blockbuster superhero movie, starring Robert Downey Jr. as an industrialist who fights terrorists and arms dealers in a red-and-yellow metal suit, pulled off a $100 million-plus opening weekend. |
AFTRA Meets With Majors
With SAG pushed to the sidelines until the end of the month, the American Federation of Television & Radio Artists and the majors have held two days of news-free negotiations. |
Tax Gain Gives Tribune Q1 Profit
Tribune Co. reported a big first-quarter profit, thanks to a mammoth tax gain the Chicago media concern recorded in connection with the leveraged buyout by which it went private at the end of 2007. |
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120.90
