Stories for May 2003
Monday, May 26
It's an especially tight job market for teens and college students as competition for the few openings available has been compounded by the presence of unemployed adults increasingly vying for low-pay, low-skill positions.
Major California businesses and independent power producers have won a partial victory in their efforts to hold off a move to reregulate the state's electricity markets.
When is a fare war not a fare war? AMR Corp.'s American Airlines announcement last week that it would cap one-way fares between Long Beach and New York at $299 for coach and $599 for first class was a bit of sleight of hand.
Gov. Gray Davis' revised budget for 2003-04 goes much easier on local government funding than his original January budget, but city and county officials remain concerned they could lose several hundred million dollars in state funding.
An eight-month dispute over the installation of an emissions reduction system at Los Angeles International Airport escalated last week when the contractor, EmeraChem LLC, filed counterclaims against Los Angeles World Airports, the quasi-government agency
The Business Journal asks: If you had $400 million, what would you do with it?
California Attorney General Bill Lockyer has sued 15 restaurant chains, but they're not exactly singing the blues.
Americans own nearly 70 million dogs, and caring for a big one costs around $1,000 per year. So the level of care available at a business like Tamar Geller's Loved Dog Co. should come as no surprise.
Several of L.A.'s biggest stock-market disasters are getting a second wind in the market's recent rebound.
CORPORATE FOCUS - Despite a slow economy and sagging demand from big customers, semiconductor industry stocks have turned in one of the best market performances thus far this year.
When Hawthorne was one of the seats of the region's aerospace business in the middle of the last century, bigger was better. It still is, although the focus has changed.
Once frequented by diners looking for an outdoor patio to enjoy lunch and Pacific breezes, the former Pioneer Boulangerie property in Santa Monica is a dumping ground with an ocean view.
Summaries of this week's List - Charitable Foundations/Trusts, L.A. County based; ranked by total assets in 2002
Plans to improve San Diego's Lindbergh Field, including adding new gates at one of the terminals, have been put on indefinite hold because of the still-sluggish travel industry.
Pursuing more lucrative lines of work, large L.A. law firms are de-emphasizing estate practices that typically bill at lower rates and are more partner-intensive.
Monday, May 19
The Business Journal asks: Do you believe what you read in the papers?
Two airport-area hotels are under agreement to be sold for a combined $22 million in a deal that represents the further retreat by institutional owners from the ailing LAX market.
Former Vivendi Marketer Aims to Alter Academic Hue; Businesspeople and businesses in the news, on the move...
Summaries of this week's List - Business Improvement Districts, ranked by 2002 budget
Gov. Gray Davis' revised budget may be less of a hit on business than his original January blueprint, but that's little consolation to companies reeling from record increases in workers' compensation premiums and higher energy and health costs.
Rhino, the Burbank-based unit of Warner Strategic Marketing, has formed a division to produce films of "youth and action sports" laced with music from Warner recording artists.
The $2.4 billion Alameda Corridor, which opened to considerable fanfare a year ago for being on time and on budget, is falling short of its traffic goals because shippers are unwilling to pay to use the rail service for short hauls.
Kajima Engineering and Construction Corp. has agreed not to bid on any Port of Los Angeles projects for five years and forfeit $7 million the city was withholding for late completion of a $42.2 million port bridge
A handful of workers' compensation insurers are bucking an exodus of dozens of carriers who left the state or went bust after major losses.
China bolted ahead of Japan as the No. 1 trading partner with the Los Angeles Customs District in 2002, setting a new pecking order of nations even in the midst of growing concerns about SARS.
Monday, May 12
Scott Zeidman's brother Larry was building muscle cars for a living when he began to restore and sell antique slot machines out of his garage in 1978.
CORPORATE FOCUS - The Teflon-coated operator of casual dining stores failed for the first time since its 1992 initial public offering to show an increase in comparable store sales and paid the price with a steep drop in share price.
Summaries of this week's List - Hotels ranked by the number of guest rooms
Unova Inc. is moving its headquarters from Woodland Hills to the Seattle area, where Chairman and Chief Executive Larry Brady lives and the company's largest unit is based.
The pending purchase of Del Amo Fashion Center by Mills Corp. for an estimated $440 million is likely to be followed by a wholesale renovation that could include opening up the 32-year-old enclosed center, according to real estate sources.
Circulation levels at the Los Angeles Times and its largest competitors in the L.A. area mostly held steady for the six months ended March 31, according to unaudited figures from the Audit Bureau of Circulations, but several niche publications in the regi
The Business Journal asks: Do you think people who swap music files online should be prosecuted?
In his mayoral campaign two years ago, businessman Steve Soboroff said the first thing he would do once elected would be to put reversible traffic lanes on Sepulveda Boulevard through the Santa Monica Mountains to reduce rush hour gridlock.
Some of the tonier names in retailing are looking to expand along the 101 Corridor, and several different developers are scrambling to get their attention.
More than two dozen claimants with either headquarters or major operations in the Los Angeles area are seeking close to $650 million from National Century Financial Enterprises Inc., which is in the process of being liquidated amid questions of financial
Monday, May 5
A raft of brand acquisitions by Hilton Hotels Corp. and other major chains has left many of their existing franchisees feeling crowded by competition from new corporate stablemates operating nearby.
So how much is Farmer Bros. worth? The valuation game has more or less begun for the Torrance-based coffee distributor in the wake of last week's disclosure that a disgruntled institutional shareholder has been discussing a repurchase of its shares.
In a bid to make the initial public offering of his real estate holding company more palatable to investors, developer Robert Maguire has shifted the assets to be included in the package.
Summaries of this week's List - MBA Programs, ranked by full-time equivalent students at L.A. County campuses
In a bid to gain ground on its larger rivals, Los Angeles-based Internet Wire has signed a deal with the Nasdaq Stock Market to serve as the preferred distributor of news releases for listed companies.
For independent radio station owner Saul Levine, the time has come to counterattack the company he calls the "800-pound gorilla."
With its golf club head manufacturing business wedged in an Asian sand trap, Coastcast Corp. has established a special committee of its board to consider whether it should remain public, a step that could lead to a management-led buyout or the sale of th
Online banking is not new. It certainly isn't sexy. But in an era of downsizing, it has become an increasingly common weapon in the arsenals of banks looking to lower costs and retain customers.
The process by which more than $1 billion in contracts is awarded annually by the city of Los Angeles would be streamlined under reforms being proposed this week by Mayor James Hahn and other top city officials.
While San Diego's lodging industry has lost business since the start of the war in Iraq, it has fared better than most markets nationwide.
Media & Technology: Back in the salad days of the Internet boom, tech workers could choose from scores of prospective dot-com employers in L.A., or sign up with recruiters parachuting in from Northern California.
A decade ago Hauser Inc. was on top of the world. The young company's pioneering work in extracting paclitaxel from tree bark the key ingredient in the blockbuster cancer drug Taxol was garnering it big sales, fat profits and brisk trading on Nasdaq.
Entrepreneur's Notebook by Rachel Mickelson and Tom Starko
The Business Journal asks: Do you think the most recent settlement will change the way business is conducted?