Stories for September 2002
Monday, September 30
Summaries of this week's second List - Savings & Loan associations, L.A. County-based; ranked by assets as of June 30, 2002
Encouraged by the growing number of downtown residential projects, CIM Group Inc. is finally about to sign a deal to bring a supermarket to its mixed-use development in South Park.
Students who use cell phones instead of university services are costing schools millions of dollars in lost fees.
Los Angeles should bounce back next year from the economic slowdown, as long as the rest of the nation doesn't enter into a double-dip recession.
Dissatisfied with the amount of money they have been getting from the Public Broadcasting System's fundraising arm, KCET-TV (Channel 28) and seven other public television stations nationwide have formed their own organization to seek underwriting dollars
It's called "ballot box budgeting," the diversion of discretionary government budget dollars to specific programs approved by voters.
Staples Center, the Cathedral of Our Lady of Angels and the new Disney Concert Hall have spawned talk of a downtown revival. But it's not just the big venues; bars, restaurants and major cultural attractions, including the Central Library, Music Center an
One of the first labor battles of the duopoly era in Los Angeles is heating up with the American Federation of Television & Radio Artists challenging Viacom Inc. for allowing its two local channels to share news reports prepared by journalists at those st
Summaries of this week's List - L.A. County-based Banks, Ranked by assets as of June 30, 2002
The Los Angeles Superior Court executive committee has voted to lay off 150 staff members and 26 judicial officers by Nov. 1, enraging local union leaders and trial attorneys who fear that the cutbacks are unnecessary and detrimental to cases.
Proposition JJ, Santa Monica's coastal zone living wage ordinance that once was expected to pass overwhelmingly, could be in for a tough time this November.
A proposal by the region's smog agency to cut the time it takes to upgrade refineries and build new power plants is getting a skeptical response from industry officials, who think the plan could end up hurting them more than it helps.
Monday, September 23
The networks have been rolling out their fall offerings, old and new, as they jockey to grab not only big audiences, but the right kind of big audience (specifically, anyone younger than 50). So the Business Journal asks: What's your favorite television
A little-known Oak Park, Ill. bank holding company is about to merge its two Los Angeles subsidiaries, California National Bank and Fidelity Federal Bank, and bolster what's quietly emerged as L.A.'s second-largest financial institution, with $5.7 billio
Squeezed by the economic downturn, fewer lawyers are generating the profits and client work that law firms want. As a result, more partners in the job market are fudging their numbers ...
Rising home prices and low-wage jobs for recent immigrants have pushed down Latino home ownership in California, according to a study being released this week.
Four Southern California residents have sued Verizon Communications Inc., claiming the phone company reaped millions of dollars in profits through an "unjustified" equipment rental charge on consumer bills.
With this fall's election so far attracting little interest, local law firms have stepped back from their traditional role of bankrolling political campaigns.
State officials have finally agreed to go to Washington to discuss another federal bailout of L.A. County's financially ailing health department, eliminating a significant hurdle in preventing another round of service cuts and hospital closures.
Summaries of this week's List - Women-owned Businesses L.A. County-based; ranked by 2001 revenues
Favorite websites of Melissa Karz, Chief Executive, Kadima Coaching and Consulting
CHAD Therapeutics Inc. has a market cap of $28 million, a stock price of less than three bucks and earnings for the last quarter of $178,000 not exactly takeover material.
Commentary by Leonard Pitts, columnist for the Miami Herald.
Monday, September 16
William J. McDonough, president of the New York Federal Reserve Bank and a possible successor to Fed Chairman Alan Greenspan, called on corporate executives to cut their compensation, saying rising executive pay reflects "terribly bad social policy and pe
A lawsuit filed recently against GMAC Commercial Credit LLC, one of the nation's largest specialized lenders to the apparel industry, is being closely watched for its potential to alter the industry's financing relationships.
If Gov. Gray Davis signs a bill now on his desk, it could send California employment law into a state of confusion.
Explaining why his organization wouldn't be attending a movie location trade show a couple of years back, Cody Cluff sneered at the event as little more than "a glorified junket for film commissioners" designed to take production dollars away from Los Ang
While attention remains focused on secession and other local measures on November's ballot, the April primary is just seven months away and campaigning for seven L.A. city council races has already begun.
Los Angeles and Southern California dodged the recent national recession, but face a year of choppy growth, according to an economic forecast report to be released Sept. 16 by the Los Angeles County Economic Development Corp.
A recent California Supreme Court ruling has eased the way for defendants fighting suits some claim are aimed at limiting their rights to free speech.
It started out with the best of intentions and a clear set of goals: form a public-private partnership to reduce the layers of red tape for film shoot permits and to combat runaway production by marketing L.A. to film producers.
Baja Fresh Mexican Grill is stepping up its push onto Wahoo's Fish Tacos home turf.
A class action lawsuit alleging breach of contract and fraud has been filed against Hilton Hotels Corp. claiming the Beverly Hill-based company quoted a certain room rate to customers, only to add on extra non-tax charges when it came time to pay the bill
Summaries of this week's List - Temporary Placement Firms Ranked by 2001 L.A. County revenues
Homebuilders statewide are responding to record high home prices by ramping up construction, but activity in Los Angeles County does not appear to be following suit.
Voters in much of L.A. County will decide in November on a record $22 billion in bonds to be sold by state and local governments for infrastructure projects ...
A jury's recent decision to award L.A.-based Far East National Bank $9 million in a dispute over a loan transfer is causing headaches for the losing side in the case
Monday, September 9
GoldPocket Interactive, a recent L.A. arrival developing interactive television programming, has acquired Santa Monica-based wireless media company Moeo
Summaries of this week's List - Software Firms Ranked by employees in L.A. County
Entrepreneur's Notebook by GEORGE SALMAS
Already a notoriously volatile business, restaurants appear to be feeling the economic downturn more severely than their retail cousins.
Much to the relief of baseball fans nationwide, Major League Baseball owners and players reached agreement on a new four-year labor deal last month, allowing the remainder of the season and the World Series to go on as scheduled. Lingering bitterness asid
Undaunted by an economic slowdown, shoppers have continued flocking to high-end shops on some of the region's toniest streets and the resulting volume of business is pushing retail rents to unprecedented levels.
Favorite websites of Morrie Goldman, Vice President, communications and governmental affairs, Entertainment Industry Development Corp.
The $99 billion state budget signed into law last week by Gov. Gray Davis put off the most serious decisions until next year and produced only limited relief for California companies.
Opinion by Kathleen Parker, columnist for the Orlando Sentinel.
With Democrats firmly in control in Sacramento and the state confronting a record $24 billion deficit, California businesses are seeing just the opposite from lawmakers: a host of measures that add mandates and restrict the flexibility of businesses to cu
As the secession campaign enters its final seven weeks, there's a growing frustration among proponents over the lack of a coherent and organized campaign for Hollywood and San Fernando Valley cityhood.
Monday, September 2
The attorney who sued the nation's top chocolate manufacturers earlier this year claiming their confections pose a potential health risk is leaving a bitter taste among state regulators.
Summaries of this week's LIST - Best-selling Automobiles Ranked by number sold in L.A. County
Publishing magnate Robert Petersen is counting on an old hunting buddy to keep Sports Afield Magazine alive. The 115-year-old hunting and fishing title is expected to return to newsstands in December
Pasadena's Paseo Colorado shopping complex, which has exceeded sales projections of developer Trizec Properties Inc., is close to being sold to a partnership led by Lehman Bros. for about $114 million, according to real estate sources.
A mathematical error has forced PFF Bancorp Inc., parent of PFF Bank & Trust, to restate its earnings per share for the past four years.
Trotting out handcuffed criminals before a lineup of photographers and camera operators used to be reserved for violent criminals and the grizzlier the crime the better. Those often scruffy figures have been replaced with a fairer, though no less notori
The board of National Golf Properties Inc. has narrowed down its search for a buyer to one.
Hot Topic Inc. named an independent director as its new chairman and established a special committee of the board to oversee matters of corporate governance, including business ethics and conflicts of interest.
Reflecting the growing congestion of trucks idling outside the Ports of Los Angeles and Long Beach, a new study shows that drivers have to wait as long as three-and-a-half hours to enter a terminal, pick up cargo and leave the port.
Thirty fewer commuting hours each year for L.A. drivers by 2020? That's the promise delivered in a new study that recommends freight now being transported by truck be moved to railroads.
HemaCare Corp., a major supplier of blood platelets to area hospitals, will no longer be able to use paid donors its primary local platelet source after losing a legislative battle with the nonprofit blood products industry.
The state budget stalemate has hit home for L.A.-based electrical supply wholesaler Aaron Comfort.