Stories for June 2004

Monday, June 28

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

Rand Corp.'s Role in Airport Study Moving Into Different Flight Path

When L.A. Mayor James Hahn last month announced that the city would hire Rand Corp. to conduct a comprehensive review of the security issues surrounding his proposed airport renovation, he said the study would be done in time for the City Council to consi

Review & Preview

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

Appeal Panel Revives Lawsuit Over Record Label Royalties

The Port of Long Beach Board of Harbor Commissioners is considering doubling the amount of work set aside for small businesses, with the goal of increasing the number of contracts it awards to women- and minority-owned enterprises.

THE LIST - Environmental Firms

The L.A. Business Journal's list of top 15 Environmental Firms, ranked by number of L.A. County employees

ECONOWATCH L.A. COUNTY

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

CALENDAR

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

Stem Cell Research Initiative Would Bring Benefits to L.A.

Think aid, not cure-all. That's the potential benefit to the lagging L.A.-area biotech industry should a proposed $3 billion ballot initiative that would fund embryonic stem cell research be approved by state voters in November.

Insurance Company Hitting Zenith as Workers' Comp Reform Takes Effect

Zenith National Insurance Corp. has posted five consecutive quarters of double-digit earnings increases while its stock has jumped more than 70 percent over the past year.

Bankers Report Rise in Demand For Loans From Business Clients

Local bankers are reporting evidence of a robust increase in commercial lending over the past few months, a sign that business borrowers may be picking up the baton from the homeowners who have kept the economy afloat with cash-out refinancings over the p

FDIC Exam Finds "Deficiencies" In Cathay Bancorp's Safeguards

FDIC Exam Finds 'Deficiencies' In Cathay Bancorp's Safeguards

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Tribune and IRS Head to Court on Times Mirror Bill

For all the hand wringing over Tribune Co.'s disappointing advertising revenues, cited in the decision by the Los Angeles Times to cut about 190 jobs, a much bigger shoe could drop sometime next year.

Developers Poised for Battle Against Inclusionary Zoning

Developers Poised for Battle Against Inclusionary Zoning

LABJ FORUM - Time Off

The Business Journal asks: How will you spend your summer vacation?

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.

Monday, June 21

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Multiple Hurdles Must Be Cleared

The compromise plan to overhaul Los Angeles International Airport that made its way through the airport and planning commissions last week has a long way to go before the shovels hit the ground.

ECONOWATCH L.A. COUNTY

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

CALENDAR

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

Producing Home-Grown Shows Brings New Prosperity to KCET

When the board of KCET, L.A.'s public television station, ventured north to Santa Barbara earlier this month to consider the proposed budget for the fiscal year starting July 1, it faced a dilemma other public stations might envy.

LABJ's LA Stories / The Roving Eye

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

Mixed-Use Project Is Planned For Sears' Boyle Heights Site

A decaying warehouse complex in Boyle Heights may soon be home to one of L.A. County's largest single redevelopment projects.

Business Journal Receives Press Club Awards

The Business Journal was recognized last week by the Los Angeles Press Club's annual awards competition.

Far East National Bank Sets Plan For Branch in Ho Chi Minh City

WALL STREET WEST - Far East National Bank is set to open a new branch in Vietnam this fall, becoming only the third U.S. bank with an outpost in the Communist country.

Home Prices May Expose Economy to Credit Peril

L.A. continues to defy the pressures of skyrocketing home prices and massive consumer debt, according to several economists whose mid-year forecasts project increasing job growth for the rest of the year and into 2005.

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

CORRECTION

In the June 14 law column item '"Ladies Night' Litigants Rack Up Another Courthouse Loss," Marc Angelucci's role in the suit was misstated. He sued Charles Billiard as an individual.

Prices Climb as Supply of Off-Lease Vehicles Dwindles

Shoppers kicking tires in used car lots around Los Angeles may be experiencing the equivalent of sticker shock these days.

Tight Budget Impeding Redevelopment

Local redevelopment agencies are postponing projects as they scramble to deal with state budget cuts.

THE LIST - Largest Technology Firms

The L.A. Business Journal's list of the 25 Largest technology firms, ranked by 2003 Revenues

Review & Preview

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

LABJ FORUM - Opportunities Wanted

The Business Journal asks: Do you have a job yet?

Monday, June 14

Give Principals More Authority, Greater Accountability

Give Principals More Authority, Greater Accountability

CALENDAR

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

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

IRS Settles Tax Case With Card Player in $8.6 Million Shuffle

Poker player George Chang had raked in more than $8.5 million in tax savings when the Internal Revenue Service folded its hand.

Immigration Problems Require Multi-Pronged Approach

Immigration Problems Require Multi-Pronged Approach

ECONOWATCH L.A. COUNTY

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

THE LIST - Colleges & Universities

The L.A. Business Journal's list of the top 25 Colleges & Universities, ranked by full-time student equivalents enrolled in fall 2003

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

Extended Hours Will Help Ease Traffic Problems at L.A. Ports

Extended Hours Will Help Ease Traffic Problems at L.A. Ports

Earthquake Safety Standards Must Be Enforced

Earthquake Safety Standards Must Be Enforced

Labor Litigation Landslide Hits L.A. Entertainment Companies

Television and movie producers have found themselves defending a spate of litigation resulting from an amendment to the state's employment code that enables employees to seek damages for workplace violations.

LABJ's LA Stories / The Roving Eye

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

Health Authority Could Best Address Hospitals

Health Authority Could Best Address Hospitals

Personal Agendas

GOALS Four Angelenos discuss their personal agendas for the future.

Time to Tear Down City's Commission System

Time to Tear Down City's Commission System

Resistance to Recycling of Water Will Wear Down Drop by Drop

Resistance to Recycling of Water Will Wear Down Drop by Drop

Public Transportation Should Get You There From Here

Public Transportation Should Get You There From Here

Watermarke Apartments Now Are Marked for Sale

Videogame Companies Deserve Enterprise Zone

LAX-Green Line Link Will Be Key to Commute

LAX-Green Line Link Will Be Key to Commute

To Increase Accountability, Add Supervisors to Board

To Increase Accountability, Add Supervisors to Board

Ad Slump Hits Hard at Times As Cuts Loom

A slowdown in retail advertising is at the center of poor results at the Los Angeles Times, which has prompted the newspaper's parent company, Tribune Co., to institute cost-cutting measures over the next few weeks that include voluntary buyouts and perha

Banks Offer Incentives to Move Online

Ask Not for Whom the 101 Tolls It Tolls for Construction

Variety of Reforms Needed to Fix Broken Court System

Variety of Reforms Needed to Fix Broken Court System

Angeleno Publisher's Expansion Plans Bank on Affluence

Modern Luxury Publishing Inc., publisher of glossy luxury lifestyle magazines, is planning an expansion that could solidify its West Coast operations and also involve a risky eastern push.

Don't Believe All the Hybrid Mileage Ratings

How good is the gas mileage for Toyota's hot-selling Prius or the Honda Civic hybrid? Not as good as advertised, it turns out.

Happy Anniversary

Just as L.A. Has Done, the Business Journal Has Taken Significant Strides in Itss 25 Years

Cut Back on Landfill Trash Flow By Targeting Mass of Packaging

Cut Back on Landfill Trash Flow By Targeting Mass of Packaging

Funding Better Foster Oversight Will Save Lives, Money

Funding Better Foster Oversight Will Save Lives, Money

Surveys of Gas Prices Designed To Track Both Trends and Cents

What's the real cost of an average gallon of gasoline in Los Angeles? It all depends on whom you ask.

Paid Family Leave Law Raising Questions

Funding, Job Security, Taxes at Issue

New Wave of Offerings Tests Investor Demand

After a three-year slump, the IPO market has finally awoken from its slumber, and a handful of Los Angeles firms are lining up to tap the public markets.

Online Newspaper Could Thrive in This Market

Online Newspaper Could Thrive in This Market

Reduced Business Tax Rates Will Create Jobs, Enterprise

Reduced Business Tax Rates Will Create Jobs, Enterprise

A Football Team Belongs at the Coliseum

A Football Team Belongs at the Coliseum

Public Safety Hinges on Communications

Public Safety Hinges on Communications

Technology Will Allow LAPD To Protect and Serve Efficiently

Technology Will Allow LAPD To Protect and Serve Efficiently

Employ Existing Financing to Ring L.A. With a Green Necklace

Employ Existing Financing to Ring L.A. With a Green Necklace

Goodwill in WellPoint Merger Gets Thumbs Down From S

WALL STREET WEST

Make the Park Atop Bunker Hill a Redevelopment Priority

Make the Park Atop Bunker Hill a Redevelopment Priority

Making a Mark

Making a Mark

Borough System Would Invigorate Civic Participation

Borough System Would Invigorate Civic Participation

Hotels Finally See Heads Returning to Beds

After sputtering along for nearly three years, local hotels are eyeing the coming summer months as a comeback season.

Resolve Lawsuits and Cooperate With EPA to Clean Beaches

Resolve Lawsuits and Cooperate With EPA to Clean Beaches

Review & Preview

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

Monday, June 7

Pollo Loco Sued Over Labor Issue

In a potential test case for a new California law allowing workers to sue their employers over labor law violations, three managers of El Pollo Loco Inc. charge that they were misclassified as exempt from overtime and are seeking back pay and other compen

AEG Courts Disney, Viacom for Complex

Anschutz Entertainment Group is negotiating with both Walt Disney Co. and Viacom Inc. to anchor a planned 200,000-square-foot media and entertainment facility next to Staples Center.

LABJ FORUM - Cutting Power

The Business Journal asks: What is your company doing to conserve energy?

ECONOWATCH L.A. COUNTY

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

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

"Standing Eight" Count Started As Gym Operator Gets Notice

WALL STREET WEST - Sports Club Co., operator of the high-end Sports Club/LA, is getting more pummeled than one of its punching bags.

Energy Costs May Stunt Economy

Former Fed. Chairman Alan Greenspan on Wednesday offered a grim view of the world's rising vulnerability to high crude oil prices, saying he was skeptical that oil producers can pump enough crude to meet future demand.

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

LABJ's LA Stories / The Roving Eye

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

Manchester Square, LAX's Money Pit

Manchester Square is ground zero in L.A. Mayor James Hahn's $9 billion plan to modernize Los Angeles International Airport

Federal Court Project Downsized as Squeeze On Dollars Intensifies

Plans for a new federal courthouse in downtown Los Angeles are being scaled back and the timeline pushed out, apparent results of the deepening federal budget deficit.

NEWSMAKERS

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

CALENDAR

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

... As Profitable Infinity Radio Unit Told to Stay the Course

The chain of command at Infinity Broadcasting Corp., the Viacom Inc. unit that formed one leg of departed President Mel Karmazin's power base, has been sending out reassuring signals to the troops.

THE LIST - Money Management Firms

The L.A. Business Journal's list of top Money Management firms, ranked by assets managed as of Dec. 31, 20031