Stories for August 2004

Monday, August 30

CALENDAR

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

LABJ's LA Stories / OUT OF THE PAST

Weekly Columns; More news and talk from around the town, behind the scenes. Plus, a long look back at past stories, celebrating the 25th anniversary of the Business Journal.

Rocketdyne Powering Down as Flow Of Space Projects Slows to a Trickle

The largest aerospace employer in the San Fernando Valley, one of the largest remaining manufacturing companies in Los Angeles, may shut down local operations entirely by the end of the decade.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

LABJ FORUM - War Games

The Business Journal asks: Is military experience relevant to a president's ability to govern?

Schwarzenegger Shows Greener Side In Overhauling Air Resources Board

Gov. Arnold Schwarzenegger is showing few of his Republican stripes in overhauling the California Air Resources Board, one of the state's most powerful environmental bodies.

CORRECTIONS

CORRECTIONS

Area Dealers Prop Up Sales of SUVs With Year-End Incentives

As sport utility vehicles show some signs of sluggish sales, area dealers are reducing sticker prices by up to 25 percent as part of end-of-model-year sales.

ECONOWATCH L.A. COUNTY

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

Crimson's Tide Sends Holdings Overseas to Boost Market Share

WALL STREET WEST

Review & Preview

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

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

Monday, August 23

LABJ FORUM - From Athens, With TiVo

The Business Journal asks: Are you watching the Olympics?

Review & Preview

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

LAX's Contractor-Donor Connection

Nearly one in four companies with airport contracts exceeding $100,000 gave political contributions to Los Angeles Mayor James Hahn's mayoral campaigns or to the Hahn-led anti-secession effort

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

LABJ's LA Stories / OUT OF THE PAST

Weekly Columns; More news and talk from around the town, behind the scenes. Plus, a long look back at past stories, celebrating the 25th anniversary of the Business Journal.

BentleyForbes Builds Staff to Boost Holdings As High as $10 Billion

Fred Wehba, chairman of the real estate investment firm BentleyForbes, has built his castle now he wants to ensure his place in history.

Gasoline Prices Heading North In Time for Labor Day, Election

Gasoline Prices Heading North In Time for Labor Day, Election

THE LIST - New Auto Dealerships

The L.A. Business Journal's list of top new auto dealerships, ranked by 2003 revenues

Nurse Staffing Law Cited in Hospital Closure

Is the state's landmark nurse staffing law hurting patient access to care? That's the take of the hospital industry following the announced closure last week of Northridge Hospital's Sherman Way campus

Health Official Feels Pressure To Speed King/Drew Cleanup

L.A. County supervisors berated health services director Thomas Garthwaite, complaining that he did not appear to grasp the gravity of the situation and they were losing confidence in his ability to fix it.

State Sees Nominal Return on Funds Sent to Washington

State Sees Nominal Return on Funds Sent to Washington

Talent Firms' Search for Office Space May Lead Away From Beverly Hills

For decades, Beverly Hills has been to talent agencies what Madison Avenue was to the advertising business. But the ad agencies have long since moved off Madison, and now it looks as if the talent might be headed elsewhere, too.

ECONOWATCH L.A. COUNTY

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

THE LIST - Best-Selling Automobiles

The L.A. Business Journal's list of best-selling automobiles, ranked by number sold in L.A. County

Invisible Hand Makes Projecting Winner Dismal

Invisible Hand Makes Projecting Winner Dismal

Monday, August 16

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Church of God Wants to Move HQ

The Worldwide Church of God is negotiating for the purchase of a building near the intersection of Route 66 and Lone Hill Avenue in Glendora to serve as its new headquarters.

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

Grand Ave. Plan Will Be Shaped By Small Group

Eli Broad is satisfied. Now the rest of Los Angeles gets to throw in its two cents.

THE LIST - Residential Real Estate Developers

The L.A. Business Journal's list of the top 25 Residential Real Estate Developers, ranked by units sold in L.A. County in 2003

CALENDAR

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

Railroads Raise Rates Despite Long Waits for Delivery Dates

Despite a nationwide bottleneck that's causing major shipment delays for their largest customers, the two railroads serving the ports of Los Angeles and Long Beach are raising rates.

Mayoral Hopefuls Agree Business Is Priority but Differ in Plans for Support

The major candidates for Los Angeles mayor are expressing support for several initiatives to make the city more business-friendly, but they disagree in crucial areas on how to improve the business climate...

LABJ FORUM - Watergate Anniversary

The Business Journal asks: Do you remember where you were and what you were doing when Nixon resigned?

CORRECTIONS

CORRECTIONS

Review & Preview

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

ECONOWATCH L.A. COUNTY

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

Gemstar Executive's Settlement Gives SEC Case Potential Boost

WALL STREET WEST

Monday, August 9

LABJ's LA STORIES / OUT OF THE PAST

Weekly Columns; More news and talk from around the town, behind the scenes. Plus, a long look back at past stories, celebrating the 25th anniversary of the Business Journal.

NEWSMAKERS

After Detour, Psychologist Returns to Community Work

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

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

CALENDAR

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

Controller Looks At Subcontracts For DWP Work

Fleishman-Hillard Inc.'s $3 million-per-year contract with the Los Angeles Department of Water & Power included a subcontractor whose billing practices apparently bucked industry convention.

Review & Preview

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

CORRECTIONS

CORRECTIONS

Chipmaker Targets Hybrid Cars As Engine for Revenue Growth

WALL STREET WEST

LABJ FORUM - Play Ball?

The Business Journal asks: What do you think of the Dodger trades?

Investors Reluctant to Check In Despite Hilton's Perfect Sheets

CORPORATE FOCUS - After a three-year drought, business and professional groups are traveling again, giving a strong boost to the bottom line of Hilton Hotels Corp.

ECONOWATCH L.A. COUNTY

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

Shifting Focus Forces Departures at Mellon 1st Banking Division

Founded as 1st Business Bank with the assistance of financier John Anderson, the bank thrived for two decades by providing loans and services tailored to the legions of L.A. entrepreneurs.

Asian Boom Fuels Creation of New Banks

Lenders Serve Needs of Immigrant Community

Overhaul Plans Unlikely to Result in Sweeping Reform

The California Performance Review report handed to Gov. Arnold Schwarzenegger calls for the most sweeping overhaul of state government ever proposed.

Victorville Site Eyed as Possible Inland Port

Rail Link Could Allow Birth of Shipping Hub

Beverly Hills Hotel Project May Face Referendum

With city approvals in hand for a luxury resort complex, developers of the planned Montage Hotel Beverly Hills and Public Gardens now face the prospect of a voter referendum that could potentially overturn the entitlements on the $200 million project.

THE LIST - Property/Casualty Insurers

The L.A. Business Journal's list of the top 25 Property/Casualty Insurers, ranked by 2003 statewide property/casualty premiums written

Monday, August 2

Pending Cable Talks Spark Turf Battle

The long-running dance between the city of Los Angeles and its cable television franchisees, operating under terms of expired contracts originally negotiated more than a decade ago, is about to quicken.

ECONOWATCH L.A. COUNTY

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

CALENDAR

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

Vulture Investor Drops Out of Bidding for Tenet Hospitals

Cerberus Capital Management, a vulture investment firm that was seeking to buy 18 Southern California hospitals from Tenet Healthcare Corp., has dropped out of the bidding, sources said.

Four L.A. Airports Set to Go Online With Security-Related IT Overhaul

Under pressure to comply with federal security regulations, officials at LA World Airports have approved $32.8 million in improvements as part of a master plan on information technology projects.

Clearing the Air

Radio strategy changes with cuts in ad slots, rate hikes

Feds Join Probe of Fleishman-Hillard's Bills to City

Federal prosecutors have joined the investigation into Fleishman-Hillard Inc.'s alleged overbilling of L.A.'s Department of Water & Power.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

THE LIST - AIRLINES

The L.A. Business Journal's list of top 25 Airlines, ranked by 2003 passengers carried at L.A. County airports

Mayoral Panel on Contracting Practices Gets Delayed

A blue-ribbon panel that Los Angeles Mayor James Hahn convened last March to examine the city's contracting practices is now set to release its report in late December, nearly six months later than originally planned.

Southwest Looks for More Gates As It Moves Into Dominant Role

Southwest Airlines Co., which has overtaken United Airlines to become the largest carrier serving L.A. County, is in negotiations with Los Angeles World Airports to acquire more gate space at Los Angeles International Airport's Terminal 1 facility.

Medical Test Firm Under Grand Jury Investigation

The U.S. Attorney's Office in Los Angeles has convened a federal grand jury to investigate possible criminal wrongdoing at medical device manufacturer Diagnostic Products Corp., sources said.

Review & Preview

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

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

Ex-Wilshire Associates Banker Forms New Consulting Practice

WALL STREET WEST - Stephen Nesbitt, the longtime managing partner at Wilshire Associates, has formed his own investment-consulting firm, Cliffwater LLC, with three other ex-Wilshire Associates executives.

LABJ's LA STORIES / OUT OF THE PAST

Weekly Columns; More news and talk from around the town, behind the scenes. Plus, a long look back at past stories, celebrating the 25th anniversary of the Business Journal.

THE LIST - TRAVEL AGENCIES

The L.A. Business Journal's list of top Travel Agencies, ranked by number of full-time equivalent L.A. County employees

NEWSMAKERS

Surfer Catches New Wave in Apparel Marketing Career

LABJ FORUM - Divided Electorate

The Business Journal asks: Have you decided who will get your vote yet?

MTA Rolling Out Plan to Overhaul City Bus Routes

The Metropolitan Transportation Authority plans to propose a sweeping overhaul of its bus-route system and expand the use of bus-only lanes on crowded city streets.