Stories for January 2004

Monday, January 26

A Renewed Focus on Aviation Helps to Give Teledyne a Lift

Taubman Centers Inc. has taken complete control of the Beverly Center, buying the 30 percent interest held by the co-developers of the 871,000-square-foot mall for $11 million.

CALENDAR

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

Swelled Ranks, Influence Bolster Union as Talks Near

The last time the Hotel Employees and Restaurant Employees Local 11 went up against area hotels in contract negotiations it had a far smaller constituency and faced far healthier management.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

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.

With Three Spanish-Language Papers, Depth of L.A.'s Hispanic Ads Doubted

The debut of two Hispanic newspapers in Los Angeles is raising questions about whether there will be enough business to go around.

Labor Battle Looms at Hotels

Hotel operators and the union representing their workers are preparing for the possibility of contentious talks hinging on health care and wages.

Tekelec's Softswitch Strategy Places It in Battle With Giants

CORPORATE FOCUS - In the topsy-turvy world of telecom, Tekelec Inc. has maintained a balance of growth and stability that's made it a popular stock.

LABJ FORUM - Fat Chance

The Business Journal asks: Are you on a diet, or do you have plans to start one in the near future?

Anschutz Downtown Deal Feeds Growing Student Market

Capstone Development Corp. is in escrow to buy a 1.75-acre site a block east of the LA Convention Center from Staples Center developer Anschutz Entertainment Group for more than $13 million

THE LIST - Property Management Firms

The L.A. Business Journal's list of top 25 Property Management firms, ranked by office and retail square footage managed in L.A. County. PLUS: Executive Summary, The PaceSetter - Trammell Crow Co.

Countrywide Insiders Get Heat For Sales Prior to Earnings Shift

WALL STREET WEST - It never looks good when company executives sell off large chunks of stock just before lowering earnings guidance.

ECONOWATCH L.A. COUNTY

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

Home Health Care Workers Set to Lose Hard-Fought Gains

Los Angeles County's 97,000 home health care workers can't seem to catch a break.

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

ArcLight Garage Posing Threat for Hollywood CRA

Two years after its opening, much of the ArcLight Hollywood entertainment complex remains empty and has resulted in a $254,000 monthly revenue shortfall for an adjacent publicly owned garage

Monday, January 19

Lack of Industrial Space Could Squeeze Out Businesses

Lack of Industrial Space Could Squeeze Out Businesses

Major Turnaround Seen in Area, With Burbank Taking the Lead

Major Turnaround Seen in Area, With Burbank Taking the Lead

Commission Expertise Said Hindered Under Hahn Order

Mayor James Hahn's ban on commissioner participation in contracting discussions is not favored by some in city government.

Clustered Radio Stations Accelerate Executive Turnover

As conglomerates moved into the local radio market, they've been doing lots of hiring and firing of general managers.

Investors Still Betting on Revival As Vacancies Narrow Modestly

Investors Still Betting on Revival As Vacancies Narrow Modestly

Does Playa Vista Pencil Out?

Does Playa Vista Pencil Out?

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Rebound in Merger Activity Gets Dealt 4Q Setback

Investment bankers are talking about potential deals, but the fourth quarter numbers were not strong.

Rates Continue to Lure Buyers, Making Rental Property Scarce

Rates Continue to Lure Buyers, Making Rental Property Scarce

Analyst Holds to Negative Call Despite Rise in Disney's Stock

WALL STREET WEST

THE LIST - Architectural Firms

The L.A. Business Journal's list of top 25 Architectural Firms, ranked by 2003 L.A. County billings. PLUS: Executive Summary, Pacesetter

LABJ FORUM - Immigrant Status

the Business Journal asks: Do you favor granting temporary legal status for working immigrants?

Workers Pressure Union To Resolve Grocery Strike

Grocery workers are ready to accept concessions and are stepping up demands for the union to make a deal

Review & Preview

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

Unilab, Voit Deals Stand Out as "Wait and See" Approach Rules

Unilab, Voit Deals Stand Out as 'Wait and See' Approach Rules

ECONOWATCH L.A. COUNTY

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

Chick Making Most Of Power Granted to Controller's Position

With a string of controversial audits, Laura Chick has taken full advantage of new powers granted to her office under charter reform.

Mountainous Divide Separates Stronger Markets From Weaker

Mountainous Divide Separates Stronger Markets From Weaker

CALENDAR

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

LABJ's LA Stories / The Roving Eye

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

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

The MEGA CHART - Los Angeles County Office Market

MEGA CHART: Real Estate Quarterly Los Angeles County Office Market, Fourth Quarter 2003

Army Corps Awards Fluor $1.5 Billion Contract

Fluor Corp. has won a $1.5 billion contract from the Army Corps of Engineers.

DVD Maker Bought as Industry Spins Into Boom Times

Crest National's purchase of an Anaheim DVD maker comes as the industry booms, but downloads may threaten its future.

Some Relief to Lethargic Lease Activity From Small Businesses

Some Relief to Lethargic Lease Activity From Small Businesses

Third Time No Charm as New Dip Buffets Ailing Market

Third Time No Charm as New Dip Buffets Ailing Market

Firm Penalized for Reluctance to Give Earnings Guidance

When On Assignment Inc. stopped offering earnings forecasts, Wall Street analysts were not impressed.

THE LIST - Commercial Real Estate Developers

The L.A. Business Journal's list of top 25 Commercial Real Estate Developers, ranked by commercial square footage developed and completed in L.A. County. PLUS: Executive Summary, Pacesetter

Activity "Just Rolling Along" in Absence of Lease Opportunities

Activity 'Just Rolling Along' in Absence of Lease Opportunities

Condo Conversions Could Lead To Hike in Office Rental Rates

Condo Conversions Could Lead To Hike in Office Rental Rates

Tightening Market May Mean End to Lease Concessions

Tightening Market May Mean End to Lease Concessions

Developers Pushing Mixed-Use While Industrial Action Grows

Developers Pushing Mixed-Use While Industrial Action Grows

Monday, January 12

Homeowners Pile On the Risk With Adjustable Loans

More buyers are opting for adjustable rate mortgages, a choice that could haunt them if interest rates begin climbing.

LABJ's LA Stories / The Roving Eye

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

CALENDAR

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

LABJ FORUM - Opening Night in Sacramento

the Business Journal asks: What did you think of Gov. Arnold Schwarzenegger's State of the State address?

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

ECONOWATCH L.A. COUNTY

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

Shaken by Quake, Other Woes, Insurers Managed a Comeback

Shaken by Quake, Other Woes, Insurers Managed a Comeback

Law Firms Adopting the Corporate Style

As firms have become more like corporations, a growing number of chief operating officers are making decisions about strategy and bottom lines.

Digital Theater Systems Makes Move to Consumer Electronics

CORPORATE FOCUS: the Agoura Hills-based audio systems outfit is going head to head with Dolby to become the de facto audio standard in consumer electronics.

KNX Jazzes It Up in Bid to Become "Broader Than Just a News Station"

KNX is adding a computer show and a cooking show to its lineup as new management tries to go beyond news headlines.

Former eUniverse CEO Wages Proxy Battle to Replace Board

WALL STREET WEST. Plus: Falling Flat - Cheesecake Factory and Pizza Kitchen Inc.; Rear Guard Effort - Staar Surgical Co.; Retail Expansion - Froley Revy

Airport Staffers Told Auditors of Flaws in Bidding

L.A. Mayor James Hahn's executive order prohibiting city commissioners from sitting in on the selection of contract bidders didn't directly address the issue of poor documentation at Los Angeles World Airports.

THE LIST - Motion Picture Distribution Firms

The Los Angeles Business Journal's list of top 10 Motion Picture distribution firms, ranked by total U.S., Canada box-office receipts for 2003

Monday, January 5

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.

New Doubts Raised By Trial Methods in Cancer Drug Study

Results from a drug trial that was supposed to clarify the prospects of a much-hyped breast cancer drug candidate have only added fuel to a raging debate over the company that is developing it.

"Significant Transition" at Urinalysis Company Pleases Investors

Some end-of-year management changes at IRIS International Inc. have failed to scare off investors, who have pushed the company's stock up nearly three-fold over the past year to new highs in December.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

United Online Hit as GM Deal Ends

United Online Inc.'s largest advertising contract is expiring and won't be renewed by General Motors Corp.

UTA's Defamation Payment to Polone Ruled Not Taxable

WASHINGTON Film and television producer Gavin Polone won a split decision in U.S. Tax Court when a judge ruled that he was not liable for more than $640,000 in back taxes and penalties stemming from his payout after being fired by United Talent Agency.

Reliance Steels for Growth as Lifting of Tariffs Drives Shares

CORPORATE FOCUS: A collapse in new orders and the inability to pass on tariffs to customers sent shares of Reliance Steel & Aluminum Co. as low as $13.48 each last March, from over $30 a share in 2002.

Entravision's Replacement Format May Aid Clear Channel

Fans of alternative rock received an unexpected gift on Christmas Day when Entravision Communications Corp. abruptly switched off its pop dance format on KDLD-FM and KDLE-FM in favor of a lineup featuring bands like Pearl Jam, The Offspring, the Cure and

ECONOWATCH L.A. COUNTY

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

THE LIST - Performing Arts Centers

The Los Angeles Business Journal's list of top 15 performing arts centers, ranked by seating capacity

CALENDAR

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

Proposed Ban Could Thwart Wal-Mart Plan

An ordinance that would effectively ban Wal-Mart Stores Inc. from opening its so-called superstores within the city of Los Angeles is likely to be passed by City Council within the next few weeks in what could be the start of a donnybrook over the retaile

THE LIST - Highest Assessed Properties

The Los Angeles Business Journal's list of top 25 Highest Assessed Properties, ranked by total assessed value

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

Firms Flock to Idea of Chasing Airborne Pests

The Weekly Briefing

Home Health Care Firms Fret Medicare Reform

Drug companies love the Medicare reform bill. So do health plan providers.

LABJ FORUM - Red Meat Blues

The Business Journals asks: Have you had any second thoughts about eating meat since mad cow disease was discovered in the United States?

Regulators Near Civil Charges in Heritage Healthcare Bond Case

WALL STREET WEST: The Securities and Exchange Commission has notified nine individuals that they will likely face civil charges related to the collapse of Heritage Healthcare of America