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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
Colony Offers Helping Hand to Leibovitz
Colony Capital LLC has entered into a long-term agreement with Annie Leibovitz to help the celebrity photographer manage her debt and stay out of bankruptcy.
Korn/Ferry Swings to Profit
Despite a continued slow pace in hiring in the overall economy, staffing company Korn/Ferry International said it moved to a profit in its fiscal third quarter on higher revenue.
DirecTV Issues New Debt
Satellite TV provider DirecTV Inc. has priced about $2.98 billion in new debt that it plans to use for general corporate purposes, share repurchasing and possible repayment of some earlier debt.
Northrop Drops Out of Tanker Competition
Northrop Grumman Corp. said it will not compete for the U.S. Air Force's multibillion-dollar aerial tanker contract.
Northrop Gets More Federal Records Work
Northrop Grumman Corp. said it was awarded a follow-on contract, valued at up to $100 million, from the U.S. Office of Personnel Management to electronically convert and store federal employee records.
Median Home Price Falls Two Months in a Row
The median sales price for homes in L.A. County fell for the second straight month in February.
L.A. Jobless Rate Jumps Again
L.A. County lost a whopping 74,000 payroll jobs in January, pushing the unemployment rate up to 12.5 percent, according the state Employment Development Department figures.
This Week’s Big Movers
The Los Angeles Business Journal’s index of the largest local public companies closed up for the week after February’s national employment report showed fewer jobs were lost than expected.
Council Approves Modified 'Internet Business' Tax
Moving to prevent numerous Internet-related businesses from leaving the city, the Los Angeles City Council has voted unanimously to create a new, lower business tax category specifically for Internet companies.
Thomas Properties Narrows Loss
Thomas Properties Group Inc. said its fourth quarter net loss decreased slightly as the Los Angeles real estate owner enjoyed improved revenue from its office properties.
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