Stories for July 2003
Monday, July 28
A new high-tech insulin pump that uses wireless technology to measure doses could be an important development in the treatment of diabetes and a boon to one of its creators, Northridge-based Medtronic MiniMed.
For most people, seeing your lawyer on "Geraldo" isn't a good sign. For Raj Rai, owner of Cypress-based Pepperoni's Grill pizza chain, it's something to boast about.
Heritage Book Shop and Bindery in West Hollywood has grown to employ 22 and now has an office in London.
With Los Angeles suffering through its hottest summer in years, bad air is back and local regulators say they've done about all they can do.
With its planned purchase of Newhall Land and Farming Co., Florida homebuilder Lennar Corp. is making a big bet on continued demand for housing on the outskirts of L.A., and constraints on supplies to fill that demand.
A year ago, sponsors of a proposed biotech park near USC's Health Sciences campus in Boyle Heights were hopeful they could break ground as early as 2004.
Quarterly round up of activity in movies, TV, music, radio and video games.
Summaries of this week's List - Property/Casualty Insurers, ranked by 2002 statewide property/casualty premiums written
Tracking 200 selected Los Angeles County-based companies; Market Diary, Market indexes, Industry analysis, 52-week performance, weekly top Gainers & Losers, Market summary, weekly profile
Local venture investing in Los Angeles, never a leader in capital-raising to begin with, jumped in the second quarter compared with the paltry levels of the first three months of the year.
The failure of California lawmakers to resolve the $38 billion budget deficit on time is wretched news for taxpayers, who inevitably face higher taxes and cuts in state services.
The Business Journal asks: Should the U.S. shell out $30 million to for the lead that bought it Saddam's sons?
Monday, July 21
A state law that went into effect July 1 requires companies that maintain computer databases on clients to notify them if hackers break in and steal clients' personal data that could be used in identity theft.
CORPORATE FOCUS - It's easy to forget that Philip Anschutz, the Denver billionaire known for his involvement with Staples Center, Regal Entertainment Group and Qwest Communications, made his first fortune in the oil and gas business.
Strouds Acquisition Corp., the bankrupt linen retailer that is in the process of liquidating, has sold 16 of its 46 store leases in an auction, with 10 going to Anna's Linens of Costa Mesa.
Ian Schrager, the impresario behind the Sunset Strip's Mondrian Hotel and its Skybar nightspot, is under mounting pressure to repay or restructure debt totaling more than $400 million.
A large exodus from the Beverly Hills entertainment boutique Berkowitz & Black PC, which for years represented Frank Sinatra's estate, may result in the firm's dissolution or restructuring.
Job growth in Southern California will be far slower this year than originally projected, as uncertainty over the state budget crisis, workers' compensation costs and the national economy keep employers from hiring, according to a new forecast.
Summaries of this week's List - Commercial & Industrial Contractors, ranked by 2002 billings for work performed in L.A. County
The Los Angeles Business Journal received eight awards, including five first prizes, at the Association of Area Business Publications' annual conference.
Grocery store workers and management at four major supermarket chains in Southern California are bracing for a battle royale over employers' plans to cut health and pension benefits in upcoming contract talks.
A group from Loews Hotel Inc. has taken over management of the Renaissance Beverly Hills hotel after the hotel's owner, Strategic Hotel Capital LLC, fired the previous operator for failing to meet performance goals, according to Strategic.
Monday, July 14
After weeks of uncertainty, Fluor Corp. is readying to bid on two contracts for rebuilding Iraq's oil industry.
The Business Journal asks: Do you think the Dodgers can turn things around and make the playoffs?
The generous pension and benefit packages enjoyed by International Longshore and Warehouse Union members have long been the envy of other union locals in L.A. County.
An unprecedented number of Southern California cities, strapped for cash and seeking cheaper premiums, are considering leaving the California Public Employees' Retirement System for health coverage.
Three accountants in the L.A. office of Moss Adams LLP have temporarily avoided a civil fraud trial by claiming they and the firm are under investigation by the FBI for bank fraud, according to court documents.
In spite of reforms and ongoing criticism of hefty compensation packages, L.A.'s chief executives continued to reap rich rewards last year even as overall earnings suffered.
Construction tycoon Ronald Tutor is getting into the restaurant business.
Nursing homes, hard hit by the state's budget crisis, are getting some help from the federal government after years of takeaways.
Monday, July 7
The proposed $9 billion overhaul of Los Angeles International Airport is being scaled back, with plans for a 1.5-mile underground baggage tunnel to be reduced or eliminated due to its $1 billion price tag...
Walter Cruttenden III, the Newport Beach financier whose transactions with bankrupt Strouds Acquisition Corp. are being probed by the linen retailer's unsecured creditors, isn't the type of guy who gets obsessed with such complications.
Summaries of this week's List - Largest Cities in Los Angeles county ranked by population
Brooks Brothers' new West Coast flagship on Rodeo Drive in Beverly Hills marks the beginning of a new strategy for the venerable retailer, which is trying to expand outside its traditional locations.
The Business Journal asks: How have the state's budget problems affected you?
In what could be the biggest apparel smuggling ring in over a decade, three local businesses have been cited by the U.S. Attorney's office as having participated in a scheme to get $418 million worth of goods past customs.
High overhead, sagging sales and the devaluation of the dollar against the euro have forced Cottura Inc., a high-end retailer of Italian pottery, to file for Chapter 11 bankruptcy protection.