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Updated: 7/22/2008 6:13:49 PM
Zenith National Reports Sharply Lower Profits
Zenith National Insurance Corp. reported Tuesday its second quarter net income fell 57 percent as the workers’ compensation insurer was buffeted by increased industry competition.
Committee Approves South L.A. Fast Food Moratorium
A Los Angeles City Council committee approved a one-year moratorium Tuesday on new fast food restaurants in South Los Angeles, paving the way for the full Council to vote on the matter later this summer.
POM Wins Suit
A Los Angeles federal judge has awarded POM Wonderful $1.5 million in damages in a fraudulent advertising lawsuit it filed against Purely Juice Inc., a Newport Beach company.
Avery Expects Economy Will Lower 2008 Profits
Avery Dennison Corp. warned that a slower economy would cut its 2008 results, even though second quarter profit rose 7 percent bolstered by an acquisition.
Jacobs Profits Rise on Revenue Growth
Jacobs Engineering Group Inc. said its fiscal third-quarter earnings rose nearly 50 percent on new business in the oil and natural gas industry, and that it may earn more this year than earlier forecast.
State Fines Southland Car Washes
The State Division of Labor Standards Enforcement has issued 47 citations totaling $356,200 in fines in Los Angeles and Orange counties in its latest crackdown on area car washes.
Podcast: Preview the Business Journal
Easy access to the Los Angeles Business Journal podcast is available from a link at the upper right corner of the home page. Click the standing link there, or here, to hear Editor Charles Crumpley provide highlights from the July 21 edition.
More Latest Local News...
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FDIC Seeking Fast IndyMac Sale
IndyMac Bancorp Inc., the third-largest bank ever to be taken over by U.S. regulators, will be sold "as soon as possible," FDIC Chairwoman Sheila Bair said Tuesday in an interview. |
Exiling the Happy Meal
With its proposed ordinance seeking to restrict the growth of inner-city fast-food restaurants, Los Angeles is tapping into a tougher attitude toward fast food that is emerging at city halls around the country. |
'Girls Gone Wild' Mogul Denies Guilt in Tax Case
"Girls Gone Wild" video mogul Joe Francis denied felony tax evasion charges in a Los Angeles court, claiming that he was a victim of abuses in an Internal Revenue Service whistle-blower program. |
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