Stories for October 2003

Monday, October 27

Distressed: Hitting Hard Times Often Means Giving Up Equity

Distressed: Hitting Hard Times Often Means Giving Up Equity

NEWSMAKERS - Tapping Data to Gauge Foreign Tastes for Fox's Offerings

Businesspeople and businesses in the news, on the move...

THE LABJ STOCK INDEX

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

Restaurants Fill Demand for Takeout

Restaurants Fill Demand for Takeout

CORRECTIONS

CORRECTIONS

REVIEW / PREVIEW

Review of this week's other top news; Preview of upcoming stories and events...

Occasionally Burdensome, Debt Fueled Civilization

Occasionally Burdensome, Debt Fueled Civilization

Subprime: New Laws Restrict Predatory Lending Tactics

Subprime: New Laws Restrict Predatory Lending Tactics

LA's 100 Largest Private Companies

The Los Angeles Business Journal List of LA's 100 Largest Private Companies

LABJ's LA Stories / The Roving Eye

Weekly Columns; More news and talk from around the town, behind the scenes...

Sales Tax Juggle Places Local Cities in Peril

As public attention focuses on the local impact of a rollback in the car tax, cities heavily dependent on sales taxes face even bigger hits, thanks to the state budget deal passed in August.

Massive Debt Makes State the Largest Distressed Borrower

Massive Debt Makes State the Largest Distressed Borrower

CALENDAR

Calendar of L.A. business events, conventions, and announcements

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Tough Choices for Catalina Residents

Tough Choices for Catalina Residents

Jack in the Box Goes Upscale As Customers' Tastes Change

Jack in the Box Inc., like other fast-food chains too dependent on the target 18-34-year-old male market, wants to expand its customer base to include more women and older adults.

ECONOWATCH L.A. COUNTY

Charts of Economic Indicators, Real Estate, Tourism...

Street Credit: Dire Need Often Means Assuming Greater Risks

Street Credit: Dire Need Often Means Assuming Greater Risks

Canter's Kitschy Restaurant Ring-a-Ding-Ding Plays in Vegas

Canter's Fairfax Restaurant, renowned purveyor of sauerkraut-laden Reubens and homemade pickles, has hit the jackpot in Las Vegas; Mall's Plans Proceed

Friends & Family: Rates Low, But Hidden Costs Come Later

Friends & Family: Rates Low, But Hidden Costs Come Later

LABJ FORUM - Making Ends Meet

The Business Journal asks: How has your life been affected by the region's labor actions?

Second Solid Quarter in Row Bodes Well for Venture Firms

Venture capitalists turned optimistic in the third quarter with a 14 percent jump in funding to Los Angeles-based companies compared with the year-ago period

WALL STREET WEST - Buyout Firms May Loosen Grip Of Family on Newspaper Chain

The deal earlier this month to sell Irvine-based Freedom Communications Inc. publisher of the Orange County Register was billed as a way to "enable continued control by descendents of founder R.C. Hoiles."

Credit Cards: Defaults Force Issuers to Beat a Retreat

Credit Cards: Defaults Force Issuers to Beat a Retreat

L.A.'s Big Private Firms Post Slight Gains in Revenue

Still suffering the effects of the recession, nearly than half of the largest private companies in Los Angeles County reported flat or declining year-over-year revenues in 2002, the weakest performance in at least six years.

Government: Deepest Pockets Can Deliver Dough in a Pinch

Government: Deepest Pockets Can Deliver Dough in a Pinch

Junk Bonds: Yields Falling as Investors Chase Returns

Junk Bonds: Yields Falling as Investors Chase Returns

Monday, October 20

ECONOWATCH L.A. COUNTY

Charts of Economic Indicators, Real Estate, Tourism...

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - Management Consulting Firms, ranked by the number of management consultants in L.A. County

Pressure Mounting To Adjust Court's Fast-Track System

L.A. County faced a $12 million verdict in a medical malpractice case involving the county-owned Harbor-UCLA Medical Center in Torrance when, on the first day of trial, its lawyers walked out of the courtroom.

Alan Casden on the Short End In Latest Skirmish With Brother

WALL STREET WEST

Strengthening Flow Of Deals Bodes Well For M & A; Rebound

Local mergers and acquisitions picked up substantially in the third quarter, as private equity firms stepped up their pace of deal-making in the improving economy.

Vacancy Rate Slips as Smaller Tenants, Investors Stay Active

Real Estate Quarterly - Downtown

THE LIST - Management Consulting Firms

The Los Angeles Business Journal's List of top 25 Management Consulting Firms

Company Sells Off Assets and Gives the Cash to Shareholders

With ill-fated forays into computer and telecom equipment leasing sending revenues into free fall, Electro Rent Corp. is an unlikely high-flier.

LABJ FORUM - Lining Up the Shopping Carts

The Business Journal asks: Which side, if any, do you sympathize with in the supermarket strike?

Times Reaching Out to Readers Angry About Election Coverage

Los Angeles Times Publisher John Puerner does not anticipate any negative long-term effects from the controversy resulting from its series of pre-election articles in which more than dozen women alleged that Gov.-elect Arnold Schwarzenegger had groped the

Buying and Leasing Rates Slow While Industrial Vacancies Rise

Real Estate Quarterly Mid-Cities

Further Growth of Office Market Causes Traffic, Safety Concerns

SPOTLIGHT ON FOX HILLS

LABJ's LA Stories / The Roving Eye

Weekly Columns; More news and talk from around the town, behind the scenes...

Tale of Two Markets: Bustling Interior Outstrips Western End

Real Estate Quarterly Wilshire corridor

Teams Tune Up Unmanned Cars for Mojave Challenge

Looking to duplicate the success of unnamed aerial vehicles like Northrop Grumman Corp.'s Global Hawk, the Defense Advanced Research Projects Agency will pay $1 million to any engineer, scientist or tinkerer who develops a vehicle that can find its way un

Owner-Occupants Continue to Drive Industrial Sales Activity

Real Estate Quarterly San Gabriel Valley

Budgets Under Wraps But More Holiday Partying Planned

Restaurants, party planners and other businesses that rely heavily on holiday spending see signs that local companies are ready to celebrate, if not significantly loosen their purse strings.

THE LABJ STOCK INDEX

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

Already-High Office Vacancies Get Worse as Tenants Reshuffle

Real Estate Quarterly South Bay

Real Estate Quarterly v L.A. County

Charts: Los Angeles County Office and Industrial Markets, Third Quarter 2003

Impact of Few Large Deals Buoys Otherwise Quiet Period

Real Estate Quarterly - Overview

Health Benefits Emerge as Focal Point for Unions, Management

Interview with UCLA Professor Sanford Jacoby

Handful of Large Deals Keeps Market in Positive Territory

Real Estate Quarterly Westside

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Pace of Activity Slows as Lack Of Available Space Hits Market

Real Estate Quarterly - North County

Large Amgen Deal Has Broad Impact on Lease Market

Real Estate Quarterly Ventura County

Embracing Commutes Measured in Steps, Not Miles

Easy living? Downtown for Sale

Growth of Market Drives Office, Industrial Vacancy Rates Down

Real Estate Quarterly Inland Empire

Buyers Continue to Splurge but Demand for New Leases Slows

Real Estate Quarterly Tri-Cities

Proposed Mandates on Projects Opposed by Developers

Developers are mounting a campaign to stop or at least blunt attempts on three fronts by the city of Los Angeles to impose new requirements on building projects.

Smaller Transactions Make Up For Slowdown in Large Leases

Real Estate Quarterly Hollywood

Portability Rule Creates Static in Cellular Industry

Come late October, Celluphone Inc. usually braces for the busy but profitable holiday shopping season.

CALENDAR

Calendar of L.A. business events, conventions, and announcements

Mixed Results for Vast Market As Sales, Leasing Activity Slow

Real Estate Quarterly - San Fernando Valley

REVIEW / PREVIEW

Review of this week's other top news; Preview of upcoming stories and events...

Monday, October 13

THE LABJ STOCK INDEX

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

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - Commercial Real Estate Brokerages, ranked by value of property sales and leases in 2002

Accusations Against Gov.-Elect Spur Talk of Old Problem

Accusations Against Gov.-Elect Spur Talk of Old Problem

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

LABJ FORUM - Land of Fruits and Nuts

The Business Journal asks: Has the media been unfair during the recall campaign in its characterization of Californians?

Insurer Targeted In Probe of Sales Of Hybrid Plans

The Los Angeles office of Northwestern Mutual Life Insurance Co. has become a target in an ongoing investigation by the National Association of Securities Dealers into allegedly deceptive sales practices used by agents selling variable life insurance.

CALENDAR

Calendar of L.A. business events, conventions, and announcements

REVIEW / PREVIEW

Review of this week's other top news; Preview of upcoming stories and events...

THE LIST - Commercial Real Estate Brokerages

The Los Angeles Business Journal List of the top 25 Commercial Real Estate Brokerages, ranked by value of property sales and leases in 2002

LABJ's LA Stories / The Roving Eye

Weekly Columns; More news and talk from around the town, behind the scenes...

ECONOWATCH L.A. COUNTY

Charts of Economic Indicators, Real Estate, Tourism...

Monday, October 6

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Ports Prepare for Holiday Rush As Last-Minute Shipments Flow

After a sluggish summer, the peak shipping season at L.A.'s ports has been picking up now that retailers are more encouraged about the holiday sales outlook.

L.A. Launch of Verizon Wireless Service Pushed Back

Anxious to set up shop in L.A. with its next generation wireless network, Verizon Wireless has run into glitches that have pushed back its rollout.

Squeezed on Two Sides, Mid-Sized Grocers Adjusting

Struggling to navigate between escalating labor costs and off-price competition, traditional grocery store chains have been forced to alter their strategies to maintain already narrow margins.

Entertainment Quarterly v Industry in Review

Film: As Usual, Unpredictable; TV: Networks Jockey for Position; Music: Legal Action Strikes Chord; Radio: Another Spanish Conquest; Video Games: Pulling Out of the Funk

Countrywide, a Wall Street Darling, Takes Steps to Keep Favored Status

As interest rates retreat from highs reached earlier this summer, shares of mortgage lender Countrywide Financial Corp. and its competitors have surged on expectations of a rush of new mortgage applications.

Local Companies Hard Pressed To Keep Up in Profit Department

WALL STREET WEST - Some of L.A.'s largest companies will have a hard time keeping up with the strong earnings gains estimated for S & P; 500 companies in the just-ended third quarter.

THE LABJ STOCK INDEX

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

Exceptions to Rules Threaten Impact of L.A.'s Hiring Freeze

When L.A. city officials instituted a "hard" hiring freeze two years ago, they signaled their intent to save tens of millions of dollars by not filling thousands of vacancies.

Grocers Employ Host Of Tactics to Prevent Unionization of Staff

As 60,000 unionized workers at Albertsons, Ralphs and Vons make preparations for a possible strike within a matter of days, their non-union counterparts at Trader Joe's, Whole Foods Market and Bristol Farms face no such deadline.

LABJ FORUM - Down to Business

The Business Journal asks: What should the first post-recall priority be in Sacramento?

Jury Finds Circle K Owes $8 Million for Lotto Ticket Rip-Off

A jury awarded $7.96 million late last month to a 27-year-old Rancho Cucamonga woman whose former supervisor cashed in her winning lottery ticket for himself.

County to Review Developers' Plans For Marina Project

Paving the way for massive redevelopment on the western end of Marina del Rey, L.A. County officials last week referred three development proposals to the Board of Supervisors.

Less Than Stellar Earnings Fail To Stall Hilton as Industry Rises

CORPORATE FOCUS - Not even a rough-sailing second quarter could stop Hilton Hotels Corp.'s stock from rising with the tide that also has lifted the shares of competitors.

Smog "Pockets" Target of AQMD Officials

Everybody knows that Los Angeles has some of the worst air in the nation. Then there's the air that Jesse Marquez has to breathe in Wilmington.

Aggressive Quinn Law Firm Joins Elite $1 Million Club

The downtown offices of Quinn Emanuel Urquhart Oliver & Hedges LLP, south of L.A.'s financial district, have the exposed ceilings more familiar to the "creative" office space of dot-coms.

CALENDAR

Calendar of L.A. business events, conventions, and announcements

ECONOWATCH L.A. COUNTY

Charts of Economic Indicators, Real Estate, Tourism...

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - Chambers of commerce, ranked by 2003 budget

NEWSMAKERS - Public Relations Firm Boosts Political, Institutional Clout

Businesspeople and businesses in the news, on the move...

Quiet Group's Music Center Millions

It's the Music Center's version of the old boys' network one with a cultural and philanthropic twist.

THE LIST - L.A. Chambers of Commerce

The List - L.A. Chambers of Commerce, ranked by 2003 budget

REVIEW / PREVIEW

Review of this week's other top news; Preview of upcoming stories and events...

LABJ's LA Stories / The Roving Eye

Weekly Columns; More news and talk from around the town, behind the scenes...