Stories for July 2002
Monday, July 29
The commercial real estate brokerage business, coming off two boom years, has started to churn at unprecedented levels.
Fueled by a hot residential real estate market, property tax rolls in L.A. County rose 6.2 percent last year over 2000 levels, providing a much-needed dose of good news for cash-strapped local governments.
Xdrive Technologies Inc. has filed for Chapter 11 bankruptcy protection with a prepackaged plan to be acquired by one of its former board members, David Bohnett, pending Bankruptcy Court approval.
Opinion by William Pesek, columnist with Bloom-berg News.
At a time when the stock market has been a rather unfriendly place, it's difficult to know just what to do watch as your holdings dwindle with the hope they'll come back in the future or take a bold step and make some changes to your investments? So the
Opinion by Leonard Pitts, columnist for the Miami Herald.
More than a year after he took office promising an overhaul of the city's business tax code, L.A. Mayor James Hahn is scheduled this week to release his blueprint for business tax reform.
With the controversial Milan Panic gone, the new management of Orange County's ICN Pharmaceuticals Inc. must pick up the tattered pieces, which include a second-quarter earnings warning and a projected sales shortfall. Plus: Watch Those Dividend Yields
The ports of Long Beach and Los Angeles are scheduled to play musical terminals next month
A coalition of 22 L.A. County cities is seeking to overturn Environmental Protection Agency regulations requiring them to keep litter and trash out of the Los Angeles River.
Shares of Stamps.com have been buoyed by two major announcements, although the Santa Monica-based company continues to lose money.
Monday, July 22
Nov. 5 ballot measure for San Fernando Valley secession appears headed for defeat at the polls, but it could turn out to be a hollow victory for L.A. Mayor James Hahn and the anti-secession forces.
POLITICS by Howard Fine; The L.A. Area Chamber of Commerce, long criticized for not having a significant enough presence in the corridors of government power, has boosted its public policy staff.
Countrywide Credit Industries Inc., flush from the recent spate of residential refinancings and anticipating further growth in mortgage servicing operations, has been on a real estate buying spree.
Summaries of this week's List - Commercial & Industrial contractors Ranked by 2001 billings for work performed in L.A. County
Bids submitted in the bankruptcy court auction of Global Crossing Ltd. have fallen far short of creditors' hopes, raising the unwanted specter of a go-it-alone strategy for the money-losing telecommunications concern.
Also: Judge Rejects Bulk of Idealab Suit, Refiling Expected
The Dow Jones Industrial Average plummets 200 points one morning, only to climb 100 in the afternoon. Earnings are falling shy of projections, chief executives face indictment and even good news is met with a shrug. Given all the volatility, the Business
Brothers Derek and Greg Banton, South African emigres, have turned a feel for fashion into a thriving business capitalizing on others' rejected clothes.
Monday, July 15
A Long Beach title company faces $2.3 million in fines and the possible loss of its license after state insurance regulators accused it of giving kickbacks to real estate agents.
Summaries of this week's List - Largest private employers Ranked by number of employees in L.A. County
James Spinosa is anything but a neophyte when it comes to negotiating contracts with the Pacific Maritime Association.
LAX: Is There A Quicker Fix? If recent history is any guide, massive public works projects on the order of the LAX overhaul face years or even decades of delays before they are completed if they get finished at all.
As part of his plan to crack down on corporate America, President Bush last week called on corporate boards to curb company loans to executives. The request came after disclosures that several companies either in or near bankruptcy had granted lavish loan
A dispute over rights to the DVD versions of several "Superman" features has led to a legal tussle between the movies' British licensor and its U.S. distributor, Warner Bros.
Perhaps L.A. Mayor James Hahn's $9.6 billion plan to overhaul Los Angeles International Airport can be completed in most of our lifetimes. But for anyone over 50, it might be touch and go.
Struggling designer Mossimo Giannulli struck a licensing deal with Target Corp. two years ago that arguably saved his company, Mossimo Inc., from bankruptcy.
Others may be suffering, but insiders at L.A.'s largest companies are still living in Fat City. Despite declines in the broader markets and the values of local companies during the past year, local executives have continued to sell, and to spend the proce
After witnessing what he described as union-staged work slowdowns Pacific Maritime Association President Joseph Miniace took a hard-line stance this year that the ship companies he represents have been looking for.
Carrying a new contract and the lessons of his first two years, LAUSD Superintendent Roy Romer faces new hurdles in building, improving schools
Weekly Columns - Don't mess with my SUV; Spam cooking contest? Maximizing Your Sex Appeal; Paul Newman and Tom Hanks in the "Road to Perdition"; For Lakers' coach Phil Jackson it's all about hair.
Monday, July 8
Op/Ed by Leonard Pitts, columnist for the Miami Herald.
Private: Decision on Mailbu Coastal Plan, including public access, is due this week.
Taking Stock of Corporate Troubles; Entire floors of downtown offices are being abandoned. Vendors looking to get paid are now stuck in bankruptcy court. Investors face stunning losses from failed companies. Customers are jumping ship, or at least conside
Kennedy and Trammel Crow Clans Vie for L.A. Supremacy; A war for business at the California Market Center, left, and the L.A. Mart has heated up as the two sides recruit tenants to set up shop at the massive showrooms.
Jack Suite recalls that during contentious contract talks with West Coast dockworkers in 1999, recorded messages at the dispatch hall for the Ports of Los Angeles and Long Beach advised union members to take it easy.
Entrepreneur's Notebook by Lawrence M. Kohn & Robert N. Kohn
Dr. Seuss Acquisition Is Start of New Path For Family Producer
Every day, cardiologists at Olive View-UCLA Medical Center face a dilemma that exemplifies the county's troubles in trying to close a widening gap in its $2.9 billion health department budget.
Kresa Pays High Price To Buy Defense Rival; Northrop Grumman Corp. stretched, but didn't break, in paying top dollar for TRW Inc., the prized final piece of the defense-industry superpower that Chairman and Chief Executive Kent Kresa has been assembling
Summaries of this week's List - Property/Casualty Insurers, Ranked by 2001 direct statewide property/casualty premiums written.
Fading: Xdrive officials denied closure rumors; L90 Inc. announced on July 1 that it would buy the North American media sales business of DoubleClick Inc., a rival Internet advertising company, for $5 million in cash and 4.8 million shares of stock, chang
With citywide support for San Fernando Valley secession trailing substantially in the polls, proponents looking to turn the tide could use big-money donors and fast.
Although it provides only temporary products, Academy Tent and Canvas has become a permanent fixture from Oscars to Tournament of Roses parade.
Additions: TRW's technological expertise is expected to vault Northrop into the top tier.
Taking Stock of Corporate Troubles; For the second year in a row, loan quality among California banks has declined as participation in nationwide lending syndicates comes back to bite some of the state's larger banks.
Michael Ovitz's Artists Management Group may be on its last legs, but that hasn't stopped a Hollywood production company from accusing the firm of negligence and misrepresentation.
Dilligence: Rules require importers to know who is involved every step of the way.
Ted Hartley, who came to Hollywood as an actor and left for investing, has found running the legendary RKO studio rife with challenges.
The doyenne of d & #233;cor, Martha Stewart, is at the center of a media and prosecutorial firestorm after revelations that she sold shares of ImClone Systems Inc. right before the company announced one of its drugs would not be approved by the Food & Drug Admin
Monday, July 1
Summaries of this week's List - Environmental Firms Ranked by number of L.A. County environmental employees
Opinion by EARL OFARI HUTCHINSON, author and columnist. He can be heard on KPFK Radio, 90.7FM
Maureen Smullen's design firm takes what's common and marries it to existing brand names to generate new lines of revenue-producing goods.
Strike or no strike, the $575 million Hanjin Shipping Co. terminal scheduled to open this month at the Port of Long Beach will complete the first round of a years-long facelift at the facility where bigger is considered better to accommodate larger and
After voting last week to make deep cuts in county health department services, L.A. County supervisors are headed on what some claim is a politically calculated showdown with state and federal officials this fall.
Judah Hertz, one of the biggest individual investors in downtown real estate, has his sights set on the City National Bank headquarters at 606 S. Olive St.
As potential bidders line up in the days after its Chapter 11 bankruptcy filing, Adelphia Communications Corp. officials said no immediate layoffs or reductions in services are planned in Los Angeles.
WorldCom Inc.'s disclosures last week that it substantially inflated profits for more than a year due to improper accounting procedures sent an already shaky stock market reeling. For months now, it seems there have been almost daily reports of new corpor
Shelf Life: Pirated videotapes of Indian films are widely available in California; Harpreet Brar has taken to defending the world's biggest movie-making industry from piracy.
Los Angeles County, toppled in 2000 from its perch as the nation's largest manufacturing employment base, again saw jobs slip in 2001.
Martha: Hour-to-hour coverage of Stewart's alleged misdeeds.
The largest institutional shareholder of Farmer Brothers Co. has formally renewed its efforts to force management of the tightly controlled coffee company to institute major changes in hopes of raising the stock price.
When McCrory Corp., one of the country's last five-and-dime store chains, decided to close 200 of its stores earlier this year following a bankruptcy filing, it turned to the Buxbaum Group.
Although he represents Kobe Bryant and other star athletes, sports agent Arn Tellem says business, not glamour of celebrities, keeps him in the game.
Weekly Columns: Hip-hop and country music make strange bedfellows; Local environmentalists should be pumped about the BP/ARCO gas station in South Gate; More ...
The financial troubles of a major donor have strained the operating budget of the Los Angeles Museum of Contemporary Art, at a time when the downtown institution already has taken a gamble by bringing in the Andy Warhol exhibit.
Richard Riordan's first love is feeling separation pains. Since his return to private life, the 72-year-old former mayor and failed gubernatorial candidate has remained aloof from Riordan & McKinzie PLC, the law firm built largely on his business and poli
It was a split decision for classic rock stars Edgar and Johnny Winter in their suit against DC Comics for defamation and misappropriation of likeness for commercial gain.
Nearly 1 million square feet of a Hawthorne eyesore is in the early stages of a redevelopment its developer thinks will jumpstart languishing retail and office markets.
Mirroring a national trend, L.A. companies have been restating their numbers at a growing rate over the past five years, according to data compiled for the Business Journal by Huron Consulting Group of Chicago.