Stories for December 2006
Friday, December 29
L.A.-area business leaders announced Friday that they were submitting more than 100,000 voter signatures to place a referendum on a citywide ballot intended to overturn a set of ordinances extending the city's living wage law to a dozen hotels near Los An
Pixar is being investigated by the Securities and Exchange Commission over its stock option awards.
Amid a slumping national housing market, KB Home is dropping its plans to build about 12,000 homes on 3,000 acres of farmland west of New Orleans.
Natural soda maker Reed's Inc. said Friday it has received approval to be listed on the Over the Counter Bulletin Board as of today.
The New York Stock Exchange said Friday it will close on Tuesday as part of a national day of mourning to mark the funeral of President Gerald R. Ford. The NYSE joined the Nasdaq Stock Market, which made a similar announcement on Thursday.
The governor of California, Arnold Schwarzenegger, who had proposed a partial privatization of the state's public pension funds, set up a commission on Thursday to study how to meet pension and health care obligations.
Thursday, December 28
The city of Boston's largest hospital system plans to reduce doses of anemia medicines made by Thousand Oaks-based Amgen Inc. for kidney-disease and chemotherapy patients after a study linked them to heart risks.
Reliance Steel & Aluminum Co. said Thursday that it has agreed to acquire Encore Group and all of its assets. Financial terms were not disclosed.
Computer Sciences Corp. on Thursday announced that it has been awarded 110 contracts totaling more than $643 million if all contract options were exercised.
United Online Inc. said it has entered into an agreement with Covad Communications Group Inc. to expand United's NetZero DSL broadband Internet service to Covad's network.
Sales of existing homes managed to eke out a small increase in November but the price of homes sold fell for a record fourth consecutive month, a real estate trade group reported Thursday.
Los Angeles Unified School District said Thursday that it plans to sell as much as $1.6 billion of tax-exempt bonds in an effort to refinance higher-interest debt.
Wednesday, December 27
ArtistDirect Inc. said Wednesday that it intends to amend its previously filed consolidated financial statements for the year 2005, as well as for three quarters of 2006.
President Gerald R. Ford, who picked up the pieces of Richard Nixon's scandal-shattered White House, has died. He was 93.
Farmers Insurance is proposing an average 18 percent rate cut for nearly 1 million California homeowners in response to pressure from Insurance Commissioner John Garamendi.
The Woodland Hills and Tarzana chambers of commerce will join forces in a merger that will take effect Jan. 1.
Cell phone service provider MobilePro Corp. said Wednesday that a subsidiary will offer DirecTV Group Inc.'s satellite TV service to its customers.
California's largest physician organization on Tuesday asked to join patients in a class-action lawsuit alleging that Blue Cross illegally dumps policyholders after authorizing expensive medical treatment and then refuses to pay the bills.
The big-screen returns of Captain Jack Sparrow, Superman, Wolverine, James Bond and, yes, Rocky Balboa, all contributed mightily to Hollywood's comeback year at the box office.
99 Cents Only Stores has received an extension from the New York Stock Exchange until April 2 to submit all of its regulatory filing or face delisting, the company announced Wednesday.
Tuesday, December 26
Retail sales increase, but at a slower rate than last year as discretionary income tightens due to the weakened housing market and higher energy costs.
The L.A. area is the No. 1 region of the state when it comes to charitable giving, according to a study by the NewTithing Group.
The Ben Stiller movie performs above the studio's expectations. "Pursuit of Happyness" slips to No. 2.
Friday, December 22
Buoyed by seasonal hiring in the retail sector, L.A. County's jobless rate in November fell to its lowest level in at least 30 years.
Homebuilding, technology and health care did more to hurt portfolios than help this year, but they may well emerge as the sleeper stocks of 2007.
Keeping the nation's cash registers ringing, consumers boosted their spending in November by the largest amount in four months, raising hopes shoppers will act more like Santas than Scrooges during the holidays.
The Air Force said that it has awarded a contract worth nearly $5.2 million to Northrop Grumman Systems Corp. for logistics support.
Denver's snowed-in airport reopened Friday for the first time in two days, but the backlog of flights around the country could take all weekend to clear.
Rupert Murdoch's News Corp. will swap its controlling stake in the satellite TV service DirecTV Group Inc. with Liberty Media Corp. in exchange for Liberty's stake in News Corp., the companies announced.
Southern California Edison said it has signed the largest wind energy contract ever for a U.S. utility.
Thursday, December 21
The Chandlers have separately approached Los Angeles billionaires Eli Broad, Ron Burkle and David Geffen as well as at least one private equity firm or group about bidding for all or part of Tribune Co., the Chicago Tribune reported.
Online recruiting activity in L.A. County dipped slightly in November, reflecting a quieting labor market as slowdowns in real estate/construction and defense industries take their toll.
Live Nation Inc. said it has hired CB Richard Ellis Group Inc. to explore the possible sale of the Germain Amphitheater in Columbus, Ohio.
Thanks to proceeds from a royalty's settlement, National Lampoon Inc. said it saw huge jumps in profit and revenue for the first quarter of 2006.
Electro Rent Corp. reported second quarter net income of $4.9 million (19 cents per share), a 12.5-percent drop from $5.6 million (22 cents) for the same period a year earlier.
Just 10 days before it was to take effect, a state judge on Thursday overturned the law that gave Los Angeles Mayor Antonio Villaraigosa more control over the Los Angeles Unified School District.
A long-term consequence of Fidel Castro's policies in the early 1960s is a thriving Cuban- & #233;migr & #233;-owned food processing industry in the Los Angeles area that serves a growing market nationwide for Hispanic foods.
Sony BMG Music Entertainment will pay $4.25 million as part of a settlement with 39 states to resolve investigations into problems caused by music CDs loaded with hidden anti-piracy software, state officials announced.
The Bee is closing its San Francisco and Los Angeles news bureaus, saying it needs to focus its resources more fully on the Sacramento area.
Arden Realty said that it has acquired five properties in San Diego from New York-based DRA Advisors LLC for $162 million.
Van's International Foods Inc., a Vernon company known for its organic frozen waffles, is being acquired by an investment fund seeking to profit from the growing popularity of natural foods.
DirecTV Group Inc. said Thursday that it is adding an extra year to its deal with AT & T; Inc. to receive toll-free 800 service and voice and data-network technology. The pact is worth $33 million.
Wednesday, December 20
Computer Sciences Corp. said Wednesday that it has won six information technology outsourcing and systems integration contracts worth as much as $320 million.
A tentative settlement was reached Wednesday in the long-running and contentious labor dispute between the Engineers and Architects Association and the city of Los Angeles.
Import and export traffic at the nation's largest port complex in November continued to far outpace that of a year ago, according to monthly statistics from the ports of Los Angeles and Long Beach.
Vulcan, which maintains local operations in Irwindale and Azusa, has joined the California Climate Action Registry, a coalition of businesses and environmental leaders committed to addressing climate change.
Earthwise Bag Co. Inc. today announced that Stater Bros. will begin selling the company's reusable shopping bags in all of its 162 full-service supermarkets.
About one in five subprime mortgages made in the last two years are likely to go into foreclosure, according to a report released yesterday, ending the dream of homeownership for millions of Americans.
On Assignment Inc. said Wednesday it plans to buy Vista Staffing Solutions, a privately owned physician staffing firm.
The Cheesecake Factory Inc. said that it has formally notified the Nasdaq that the company is now in compliance with the exchange's requirements for continued listing on the stock market.
Southern California Edison is seeking to cut its electrical rates for businesses and put off a scheduled rate increase for residential customers, citing unexpected revenue gains during last summer's heat wave.
Vitesse Semiconductor Corp. said late Tuesday that an internal review by the company found that former executives manipulated financial information in addition to illegally issuing stock option grants.
Ticketmaster said Wednesday that it has agreed to buy a 25 percent stake in iLike.com for about $13.3 million.
Tuesday, December 19
Earl Scheib Inc. reported second quarter net income of $100,000 (2 cents per share), a 68 percent drop from $315,000 (7 cents) for the same period a year earlier.
Walt Disney Co.'s ESPN network has bought an equity stake in the Arena Football League and has a new five-year broadcast rights agreement with the league. Terms of the agreements were not disclosed.
The former headquarters of Playboy Enterprises Inc. has been sold to Palo Alto-based Broadreach Capital Partners along with an adjoining shopping center for $100 million.
Sony BMG Music Entertainment said it will pay $1.5 million plus thousands more in refunds to customers to settle lawsuits over hidden software included in its compact discs.
The agency that runs Los Angeles International Airport has begun negotiating in secret to buy a high-rise hotel just outside the airport's main entrance.
Live Nation said Tuesday that it has purchased the largest concert promoter in Spain and has also entered into an agreement to buy a majority stake in a leading concert promoter in France. Terms of the deals were not disclosed.
FOH Holdings Inc., the parent company of Frederick's of Hollywood, struck a reverse merger deal Tuesday that allows the lingerie retailer to become a publicly traded company while bypassing a public offering.
With Judith Regan's authors still reeling from their publisher's abrupt dismissal, the sparring between the headline-making Ms. Regan and her former employer, the News Corp. grew more intense.
The Los Angeles Board of Airport Commissioners unanimously approved drastic increases to fees and rents for discount airlines in what the carriers say is the largest increase in the history of the industry.
True Religion Apparel Inc. said it signed a lease for a branded store in the Lincoln Park neighborhood of Chicago.
Warner Bros. Home Entertainment Group said it has signed an agreement to distribute and sell video games beginning in April 2007.
Monday, December 18
With little outside investor interest in Tribune Co., the Chandler family and management could be near a fight over all or parts of the media company.
Magic Mountain will remain open, but Six Flags Inc. could sell the Valencia site to another operator.
Momentum is building for a referendum that would overturn a living wage requirement for LAX-area hotels.
Anthony J. Buzelli writes that ethics education is essential to assure that tomorrow's business leaders know the value of honesty.
Renderings released last week show a post-NFL renovation plan for the Rose Bowl that is stripped of the additions and adornments that critics found most objectionable.
Nearly 1,400 corporate board members appear to have profited from the manipulation of stock option grant dates over a 10-year period, according to a study being released today.
UPS claims holiday shipments are up even as big-box retailers report soft sales.
Computer Sciences Corp. said Monday that the New Mexico Technology Group has been awarded a $422 million contract to provide mission support services to the White Sands Missile Range.
Joseph Barbera, co-founder of the ground-breaking animation house Hanna-Barbera Studios, died Monday at his Studio City home. He was 95 years old.
A patent for a cocaine treatment couldn't have come at a better time for certain shareholders.
William Wesley Carter views his recent move from the U.S. Attorney's Office to the law firm of Musick Peeler & Garrett LLP as a natural progression.
Platinum Studios has just signed a new content deal.
Shares of Abraxis BioScience Inc. got a good push on Monday after the drug developer presented weekend data that favorably compared its Abraxane cancer drug with a leading competitor in a head-to-head trial.
Liberman Broadcasting Inc. finds its strength in locally produced programming for the Hispanic market.
The retail chain headed by controversial co-founder Dov Charney is being acquired by Endeavor Acquisition Corp., a publicly traded investment firm started only last year.
Vision Experience Inc. makes large inflatable screens designed for projecting movies outdoors and at special events.
Charles Crumpley lists the gifts he'd like to give to the people and institutions of Los Angeles. It would be better if they didn't need them, though.
Whyville.net, the popular "virtual world" designed by Caltech scientists to give children 8 to 15 years of age a safe online spot to interact, play and learn, has caught fire.
While billionaires like Jeff Bezos and Richard Branson battle to find a way to get people into space affordably, Rick Tumlinson wants to make sure they look good when they get there.
Youbet.com, Inc. said it will offer 6.2 million shares of its common stock in an offering this week.
Funding was approved by Californians who want new roads, but Michael Pattinson says it could be raided by environmentalists for their own causes.
L.A. County manufacturing has undergone a sweeping transformation from assembly line work into niche specialties.
A number of Los Angeles' most prominent hotels have recently completed remodels, and in several cases a spa opening has provided the crowning touch.
Cable ad firm Spot Runner has linked with Diamond Promotional Service as it mounts a national push.
Warner Music Group Corp. said it agreed to buy a majority stake in Roadrunner Music Group BV for $73.5 million.
A 100-year-old Christian school near South Pasadena was sold after being shuttered two years ago.
Good Samaritan Hospital hopes to sell a full city block near downtown to a residential developer.
Cingular Wireless said Monday that it has signed an exclusive agreement with MySpace.com to give Cingular customers access to their MySpace profiles from their mobile phones.
Following intense lobbying from local officials and business leaders, Gov. Arnold Schwarzenegger on Monday added the Pacoima/northeast San Fernando Valley area to the Los Angeles Enterprise Zone.
Sales volume and home prices are sending mixed signals as to whether the market has finished its correction or will continue its decline.
Nara Bancorp Inc. has begun an expansion push under new senior management.
L.A. disc jockey Rick Dees reflects on the highlights of his career as he returns to the air after a two-year hiatus.
Trammell Crow Co. said Monday that its stockholders have voted to approve the merger agreement with CB Richard Ellis Group Inc.
Comedy Central has picked up new show initially created for broadcast on mobile telephones.
Frederick's of Hollywood still displays its signature deep-red corset, but the merchandise inside is far less racy.
Athletes John Salley, Rodney Peete and Tim Brown were fast in their time, and now have a taste for investing in speedy race cars.
Friday, December 15
Customers of Pacific Gas & Electric Co. would be able to pay more on their monthly bills to fight greenhouse gas emissions under a program described as the first such arrangement by a U.S. utility.
J2 Global Communications Inc. said that it uncovered accounting errors on past stock option grants and may need to restate previous earnings.
Long Beach prescription skin product maker Obagi Medical Products got off to a slow start in its Wall Street debut, with its stock closing lower than the initial public offering Thursday and unchanged on Friday.
Northrop Grumman Corp. said it has been awarded a contract from Boeing Co. to upgrade all four of Japan's E-767 Airborne Warning and Control System aircraft.
Mega Brands Inc. said Friday that it has partnered with Walt Disney Co. to make a line of Disney-branded arts and crafts products featuring Disney Princess, Pirates of the Caribbean, Hannah Montana and Little Einsteins.
Recent E. coli outbreaks have put produce-related illnesses in the media spotlight, and companies that help test and sanitize food are getting investors' attention.
Thursday, December 14
OSI Systems Inc. said Thursday that it was awarded multiple contracts totaling $10 million for its Automated Hold Baggage Screening System.
The aerospace industry enjoyed record-high sales and profits this year, with a surge in orders for commercial aircraft, engines and parts adding to modest gains in spending on defense and government equipment.
American Property Management Corp, the new owner of the Four Points Sheraton Hotel, rehired 12 fired workers and urged fellow LAX hotels to drop their living wage referendum plan.
The Southern California Association of Governments released its annual State of the Region report Thursday giving the region's economy a "B" grade for its improving employment picture.
DreamWorks Animation SKG Inc. said Chief Financial Officer Kristina Leslie is leaving the company before February of next year.
Live Nation said Thursday that it has elected Harvey Weinstein and R. Ted Enloe to its board of directors.
PS Business Parks Inc. said it acquired two assets in Palm Beach County Florida for a combined purchase price of $46.5 million.
Resolving a long-running dispute over a controversial petroleum coke terminal at the Port of Los Angeles, the City Council voted Wednesday to settle a lawsuit with Los Angeles Export Terminal for $27.7 million, the Daily Breeze reports.
The proposed extension of the Purple Line subway to Santa Monica beach is gaining traction because of strong support from Los Angeles Mayor Antonio Villaraigosa and possible funding from transportation measures Californians approved Nov. 7.
Entertainment mogul David Geffen has made a $2-billion all-cash offer for the Los Angeles Times, but the newspaper's corporate owner has declined to accept or reject the bid as it continues to seek offers for the entire company, a source said.
Wednesday, December 13
In the wake of an ongoing investigation into the source of an E. coli outbreak, Taco Bell has dropped Irwindale-based Ready Pac Produce as its produce supplier and switched to Taylor Farms in Salinas.
Health Net Inc. has resumed its share buyback program, purchasing 2.8 million shares and spending more than $123 million during its fourth quarter, the Woodland Hills company announced Wednesday.
Magic Mountain in Valencia will remain an amusement park and will not be converted into a housing development or retail complex under a new strategy outlined by owner Six Flags Inc.
Ducommun Inc. said that it has won an eight-year contract from Boeing Commercial Airplanes to supply spoilers for the 737 family of commercial aircraft.
The Chandler family, which long owned The Los Angeles Times, has begun holding talks with several private equity firms about forming a consortium to bid on part of the Tribune Company, people briefed on the discussions said yesterday.
Amgen Inc. said it will buy back as much as $5 billion in common stock under a new stock repurchase authorization plan the company announced Wednesday.
Opening the Legislature's debate over health insurance, Senate Democratic leader Don Perata on Tuesday outlined a plan for covering the uninsured by requiring employers and employees to bear a share of the cost.
The Chandler family has started talking with private equity firms in an effort to make a bid for part of the Tribune Co., according to a report in the New York Times.
Tuesday, December 12
Jacobs Engineering Group Inc. said Tuesday that it has received two new contracts and an extension on an existing contract. No financial terms were released for any of the contracts.
Northrop Grumman Corp. said Tuesday that it has teamed with Aluminum Chambered Boats Inc. to bid for an anticipated U.S. Navy contract to construct a boat to be used for fighting in rivers and coastal areas.
Americans are increasingly nervous about the real estate market in 2007 -- and they have good reason to be.
Countrywide Financial Corp. said Tuesday that mortgage loan funding fell 11 percent for November to $38 billion as the housing market continued to weaken.
National Lampoon Inc. said Tuesday that its interim Chief Financial Officer, Jeff Gonzalez, will resign.
Sony Pictures Entertainment said Tuesday that for the first time in the history of the studio, its annual worldwide box office take exceeded $3 billion.
Despite losing the multiplex battle over the weekend with "The Holiday" finishing just behind Mel Gibson's "Apocalypto," Sony Pictures Entertainment is unquestionably winning the 2006 box-office war.
The online hangout MySpace got even more popular in November, beating Yahoo in Web traffic for the first time, a research company said Tuesday.
Monday, December 11
Intuit Inc.'s $1.35 billion purchase of Digital Insight of Calabasas could be a good deal if consumers warm up to online banking.
Democrats and Republicans will be facing off in Congress next year over reform of the SBA.
Donald Sterling will move ahead with plans for a homeless services center in Skid Row.
Anita DeFrantz started out as an Olympic rower. Now she's serving on the International Olympic Committee, which could decide if the Games return to L.A.
One downtown Los Angeles hospital has reached out to a homeless services provider outside the downtown core.
On Assignment, Inc. said Monday that its Chief Financial Officer, Michael Holtzman, resigned from his position on Dec.8 due to medical reasons.
A survey shows that Torrance is home to at least 246 Japanese-affiliated companies, more than any other local city.
Strategic Facilities Group provides software that allows companies to map their offices, both for design purposes and emergency preparedness.
Once the province of small firms that needed $250,000 or so to purchase equipment, SBA loans now are for smaller and larger sums and for a wider variety of uses.
Traffic could be the downfall of the master plan for a big build-out on Universal City land.
The Laugh Factory's call to halt use of the N-word has helped the business bounce back after the Michael Richards debacle.
Angela Bertolini learned from painful experience and launched Hollywood OS, a casting assistance service.
Vendors and contractors that do business with Los Angeles County will have to pay more in wages as early as next month after the Board of Supervisors approved a hike in the county's living wage last week.
Northrop Grumman Corp. opened a European subsidiary last week to capture homeland security work there.
The former Redwood Saloon served John F. Kennedy, Richard Nixon, and most of the L.A. Times news staff in its heyday. The only problem was the Redwood had been shuttered for over a year.
Charles Crumpley looks at Torrance's welcome of the Japanese and sees evidence that the United States is a more tolerant place than many other countries including Japan.
Microsoft has launched lawsuits across the nation accusing 30 companies of various copyright and trademark infringements and distributing counterfeit and pirated software.
The Los Angeles district office of the SBA has long been the nation's leader in the dollar volume of loans.
William Dean Singleton's Media-News Group owns eight newspapers that ring downtown Los Angeles, and with reports of the company talking to Tribune Co. owner of the Los Angeles Times about purchasing assets, the group could buy the center of the doughn
U.S. Small Business Administration loans are federal guaranteed if the borrower fails to repay, making the loans attractive for lenders. However, in order to qualify, borrowers must first be turned down for a commercial loan.
As Steve Poizner takes the helm of the Insurance Commission he'll find that he'll have to balance fairness toward consumers against the demands of the industry, writes Douglas Heller.
Price tags are on the rise for the primo condos in Fifield Cos.' and Raleigh Enterprises Inc.'s forthcoming 1200 Club View tower in Westwood.
D-Box Technologies Inc.'s chairs, couches and loveseats are equipped to literally move DVD viewers.
Profiles of lenders that offer SBA loans.
Occidental Petroleum Corp.'s decision to pull out of Peru won't hurt the company much.
Business people discuss their experiences in obtaining SBA financing.
Northrop Grumman Corp. won four contracts, one with the U.S. Army, NATO and the two with the U.S. Air Force, worth nearly $500 million combined.
When Larkin Mackey quit his job as a medical research assistant to open his own soul food restaurant, friends told him the same urban legend his father and grandfather had heard growing up in Bakersfield.
New owners of the L.A. Times might not be any more inclined to invest in the newspaper and improve it than the Tribune Co. is, according to Bryce Nelson.
California employers and labor advocates will be watching closely when the state Supreme Court takes up the issue of non-compete agreements and their validity next year.
Just weeks after the city reached a tentative deal with Queen Mary operators to settle a rental dispute, the City Council on Tuesday will begin talks on how to develop the acres of land surrounding the ship.
Business people discuss their experiences in obtaining SBA financing.
Over the past three months, fresh produce has been the culprit in one episode of food-borne illness after another, the latest an E. coli outbreak that appears to be linked to green onions served at Taco Bell restaurants in the Northeast.
A surprise strong finisher in November sweeps was TeleFutura.
Calabasas magazine has a circulation of 70,000, even though Calabasas' population is just 20,000. The reason: The magazine is not just for Calabasas.
Friday, December 8
A subsidiary of Time Warner Inc.'s cable division sued DirecTV Group Inc. Thursday, claiming the El Segundo-based satellite TV provider engaged in false advertising about the NFL Network.
The president and top scientist at California's the $3 billion stem cell institute said late Thursday that he will retire within the next six months.
EU regulators on Friday opened an antitrust probe of Universal Music Group's plans to buy BMG Music Publishing for about $2.1 billion, saying the deal could damage "the already concentrated music publishing market."
Green onions suspected of sickening Taco Bell customers in six states have been traced to one of Ventura County's largest vegetable growers, but authorities said Thursday it was too early to blame anyone for the outbreak.
The Copley Press Inc. plans to sell the Daily Breeze to Hearst Corp., which would in turn allow MediaNews to operate the newspaper, according to a court filing.
American Reprographics Co. said Friday that it has acquired privately-held Elite Reprographics. Financial terms of the deal were not disclosed.
Virco Manufacturing Corp. continued the positive trend of the first two quarters of the year by reporting solid third quarter earning, sending its stock up more than 34 percent.
Cheesecake Factory Inc. said Friday that it has reported and corrected all of the errors found in previous financial statements after its investigation into its stock-options granting practices has been completed.
Thursday, December 7
Slower growth, but no recession for 2007, says the quarterly UCLA Anderson Forecast that blames a weakening housing market for a slower economy but also added that it should not be enough to prompt a recession.
Occidental Petroleum Corp. said Wednesday that it will pull out of Peru after its efforts to discover more oil reserves in the Amazon jungle were met with environmental protests.
A stock swap deal between media moguls Rupert Murdoch and John Malone has been reached, giving Malone's LibertyMedia Corp. ownership of DirecTV Group Inc.
The NBA Board of Governors said Thursday that it unanimously approved the $10 million sale of the WNBA's Los Angeles Sparks. The deal is expected to be announced Thursday afternoon.
With a deafening roar, four garishly painted pickup trucks on massive wheels take off, tearing around a dirt track and marking the start of the first-ever Monster Jam truck show in Paris, the City of Light.
Computer Sciences Corp. said Thursday it has won a contract to provide engineering services to NASA's Wallops Flight Facility through a five-year extension on a signed in 2001. The contract is worth about $44 million.
Shares of MannKind Corp. jumped Thursday as the Valencia-based developer of diabetes and cancer therapies said it plans a public sale of 20 million common shares in a new offering priced at $17.42 apiece.
Rupert Murdoch and John C. Malone, who have wrangled for two years over Mr. Malone's challenge to Mr. Murdoch's control of the News Corporation, have made peace.
The scallions suspected in the E. coli outbreak linked to Taco Bell came from a Southern California grower, an official with the company that washed, chopped and packed them for the restaurant chain said Thursday.
Northrop Grumman Corp. won a contract to upgrade the information technology management and operations systems for the Department of Justice.
Wednesday, December 6
Reliance Steel & Aluminum Co. has agreed to acquire Industrial Metals and Surplus Inc., in another of a series of acquisitions the Los Angeles company has made nationwide.
Health Care Property Investors Inc. said Tuesday that it has sold 78 skilled-nursing facilities for about $444 million.
Honda designers wanted a vibrant, bustling backdrop for their new studio, which they found in Old Pasadena.
Southern California's office and industrial markets showed improvement this year, with office vacancy rates in L.A. County falling below 10 percent for the first time in more than 15 years.
Gov. Arnold Schwarzenegger's administration is preparing to punish insurance companies that wrongly delay or deny medical care for workers hurt on the job.
Two economic surveys released Wednesday show there's plenty of holiday cheer to go around.
Center-Tainment AG, the Swiss company that sought a hostile takeover of Euro Disney SCA, missed a deadline to register the offer with France's stock market regulator, losing the opportunity to pursue Disney for six months, the French government said Wedne
Korn/Ferry International reported growth in profit and revenues in its fiscal second quarter but its stock dipped nearly 7 percent after falling short of analysts' expectations.
NBC Universal Inc. is proposing a major expansion and upgrade of its Universal City property.
Tuesday, December 5
Northrop Grumman Corp. said it has created a United Kingdom-based operation that will spearhead of the company's activities in the UK defense, security, civil government and commercial sectors, the company said Tuesday.
Walt Disney Co. made a move Tuesday to expand its ESPN coverage in Europe by agreeing to buy London-based cable channel NASN Ltd.
Kroger Co., parent of the Ralphs grocery chain, posted a solid third quarter Tuesday sending its stock rising in early trading.
Countrywide Financial Corp. will pay back minority borrowers who were unfairly overcharged as part of an agreement announced Tuesday with New York Attorney General Eliot Spitzer.
Hythiam Inc. said that the state of Texas will begin testing its Prometa treatment, designed to treat alcohol, methamphetamine and cocaine dependency, for use as a possible alternative to current probation, corrections and re-entry programs.
Jacobs Engineering Group Inc. said that it received a construction management contract worth $180 million for the Nacimiento Water Project from the San Luis Obispo County Flood Control and Water Conservation District.
Guess? Inc. said it will redeem all of its outstanding, 6.75 percent secured notes due in 2012 on Dec. 20. The transaction is worth about $33 million including principal, accrued and unpaid interest and a redemption premium.
Los Angeles County has raised its living wage for contractors for the first time in seven years.
Monday, December 4
Forever 21 Inc. is trying to answer the L.A. County inroads made by its "fast fashion" rival H & M; with a more-focused Heritage 1981 line.
Increasingly posh facilities, mostly in Malibu, raise the question of whether luxury is eclipsing treatment for drug and alcohol abuse.
Ronnie F. Lippin, president of Los Angeles-based Lippin Group, an entertainment, marketing and public relations firm, died Monday at Cedars Sinai Medical Center from a rare form of breast cancer. She was 59.
HealthNet Inc. has taken several measures, including a stock buyback, to retain its independence after mergers that swallowed other major insurers in L.A.
When Sonny Astani said he was holding off on building a condo tower downtown, it was seen by some as an admission of his miscalculation. But others see it as an example of Astani's frank nature.
Online sales for holiday season expected to reach $27 billion.
Fiki Sports is in growth mode thanks to NFL licensing for its flick-it tabletop football game.
Cadforce Inc. has used 'blendshoring' to combine foreign labor and American expertise for blueprint production.
It happens every time this year. California gets snubbed. Lumped in with some other states where a typical house doesn't cost more than a half a million bucks. (California's median price in October was $548,680).
James Lott of the Hospital Association of Southern California was surprised by the city's lawsuit over "homeless dumping" because of efforts to improve discharge procedures.
A local film company endured some headaches when it employed a unique distribution scheme for the "8 Films to Die For" horror movies.
Cash registers are ringing up sales at a record pace on Beverly Hills' Rodeo Drive as the merchants strip away some of the snootiness of the past and get a little hipper.
A new company formed by two San Fernando Valley doctors has agreed to take Tenet Healthcare Corp.'s troubled Alvarado Hospital Medical Center in San Diego off its hands.
A study suggests that successful marketing to Latino audiences means moving away from conventional presumptions.
PR expert Carl Terzian is convinced that lawyers needn't compromise their integrity if they choose to advertise.
It's the holiday season, and while consumers are worrying about what to get finicky aunt Margaret, retailers are worrying about Wal-Mart.
FSN Prime Ticket will provide coverage of the state championship games.
ValueClick Inc. has purchased online comparison shopping site Shopping.net for about $13.3 million in an effort to diversify its operations and expand its geographic presence, the Westlake Village company said Tuesday.
The Nirvana, a Los Angeles Historic Cultural Monument that opened two years before the Chinese Theatre, has sold for $5.9 million.
Walt Disney Co. said late Friday that it plans to cut 20 percent of the 800 jobs at its animation studios starting before the end of the year.
Charles Crumpley thinks that litigating over "dumping" of homeless people is going to make things worse.
Shereen Arazm, Hollywood's only female nightclub owner, is shifting gears by opening restaurants that will offer a more intimate atmosphere.
Countrywide Financial Corp. is expanding its nascent auto insurance line into four more states in an effort to diversify its business.
Rick Caruso has placed his stamp on the region's retail scene with outdoor malls, including the Grove. He's got projects under way in Glendale and Arcadia.
A $1.06 billion joint venture between Lockheed Martin Corp. and Boeing Co. finalized Friday to supply the U.S. government with launch services for rockets could result in layoffs, the companies said.
Minority viewers feel they aren't getting thier due with Local People Meters.
A universal intake form would coordinate the hand-off of the homeless from hospitals to support agencies, according to Orlando Ward of the Midnight Mission.
Friday, December 1
U.S. factory activity shrank in November for the first time in 3-1/2 years as new orders, production and employment fell and prices paid rose, according to a survey published on Friday.
General Motors Corp.'s painful process of reinventing itself apparently will proceed without Kirk Kerkorian, whose ownership of almost 10 percent of the world's largest automaker failed to leverage the changes he sought.
Warner Music Group Corp. said Friday it swung to a profit in the fourth-quarter, bolstered by a hefty settlement benefit. But its results fell short of Wall Street's expectations, and its shares fell more than 2 percent.