Stories for December 2007
Monday, December 31
Shares of local home builders recovered slightly on Monday after the National Association of Realtors said sales of existing U.S. homes inched up in November.
Uncomfortable scenes play out daily in the giant high school cafeteria that is Hollywood, contributing discomfort unlike any other to the ongoing Writers Guild of America strike.
Billionaire investor Kirk Kerkorian's Tracinda Corp. plans to take a 35 percent, $684 million stake in Delta Petroleum Corp., a Denver oil exploration company.
Los Angeles private equity firm Gores Group has completed its acquisition of the power systems business of Tyco Electronics Ltd. for $100 million in cash.
Officials allege a scam used phony appraisals and paperwork to wring millions from deals in the Beverly Hills area.
Friday, December 28
Boeing Co.'s satellite-making complex in El Segundo got a much-needed boost last week when it won a U.S. government contract potentially worth $1.2 billion.
Computer Sciences Corp. on announced a $613 million contract to manage voice services for a Pentagon agency.
Share of California Pizza Kitchen Inc. rose on news that a San Francisco hedge fund had increased its stake in the Los Angeles restaurant chain.
Though it hasn't been officially announced, Jan. 7 has emerged as a likely start date for negotiations between the DGA and the Alliance of Motion Picture & Television Producers.
Shares of Los Angeles-area homebuilders slid Friday on news that U.S. new home sales had dropped last month to their lowest level in more than 12 years.
U.S. investment banks have been burning through capital as they write down subprime mortgage bonds and other debt.
Thursday, December 27
Retail shares retreat as investors continue to bet against chain stores' holiday-quarter performance, while Wal-Mart admits to gift-card glitch.
Legal newspaper publisher Daily Journal Corp. reported strong fourth quarter income Thursday on increased public-notice advertising revenues.
MTA officials say the Gold Line extension into East Los Angeles will bring prosperity to businesspeople. But some business owners wonder whether they will be around to see the train whiz by.
Oil prices surged and American stock markets dipped on Thursday as investors worried about economic fallout from the assassination of the Pakistani political leader, Benazir Bhutto.
A state appeals court has reinstated a city ordinance requiring hotels near LAX to pay workers a "living wage."
Computer Sciences Corp. said Thursday it has been awarded a $113 million supercomputer integration support contract by the National Aeronautics and Space Administration.
Wednesday, December 26
The telecommunications component maker and subsidiary of Chatsworth-based MRV Communications Inc. would be listed on the Nasdaq.
Prices of existing U.S. single-family homes recorded their biggest annual drop in October, suggesting the housing slump is far from over, a study released Wednesday showed.
Teledyne Scientific & Imaging subsidiary reaches agreement to buy assets of Judson Technologies, a maker of infrared detectors.
Retailers opened earlier than ever on the day after Christmas on Wednesday and slashed prices with hopes of salvaging a holiday season that is falling short of already modest expectations.
OSI Systems Inc. has won a small but promising order for its X-ray baggage screening technology.
The formal end of a plan to develop the Veterans Administration property in West L.A. came Wednesday as President George Bush signed a budget bill banning development of the site.
Liberal rules that allowed customers to return just about anything just about anytime are no more at many retail chains across the country.
Two new salons opened recently to pretty up the downtown crowd, joining only a few that already exist.
In India, the world's fastest-growing market for cellphones, calling the village or sending a text message has all but cut out the profession of the professional letter writer.
Monday, December 24
3n National Notification Network creates warning systems capable of rapidly sending alerts to large populations
Fancifull Gift Baskets and Classic Car Supplier are among local businesses feeling an increasingly painful pinch as the writer's strike lingers.
In between tours, Kiss singer-guitarist Paul Stanley has found success in his new gig as a painter, selling over $2 million in artwork.
OSI Systems Inc., which makes a variety of electronic products for the security and health care industries, said it has won a small but promising order for its X-ray passenger screening technology.
Benjamin M. Reznik believes many people who cry out for environmental impact reports are using them to stall and eventually kill building projects
Glendale-based IHOP Corp. asked 15 states to change their Feb. 5 presidential primaries, because the pancake chain was planning its National Pancake Day.
Two salons opened recently to pretty up the downtown crowd, joining only a few that exist. Their goal is to bring the upscale salon environment that's readily available on the Westside to the young professional crowd moving into downtown lofts.
2007's mergers and acquisitions scene is notable for the number of large deals that have yet to close.
A bump in the state minimum wage, to $8 an hour, is chief among laws kicking in Jan. 1 that will impact small business owners in Los Angeles.
Kennedy Wilson Inc. of Beverly Hills has called off its plan to buy the Citigroup Center, better known to television viewers as the "L.A. Law" office tower.
In the nearly $2 billion effort to replace the fleet of short-haul trucks at the San Pedro Bay port complex, it will be cargo owners who will subsidize the majority of the cost of the new rigs, port officials decided last week.
Atiz Innovation's book scanner is helping write a new, online chapter for literature
Manatt Phelps & Phillips recently expanded beyond its core Los Angeles-Washington axis by acquiring two firms in the San Francisco Bay Area.
The Los Angeles office of MWW Group has won the public relations account for Olson Co., an urban homebuilder that has begun specializing in environmentally friendly housing. Olson's biggest project in L.A. County is the 133 Promenade Walk in Long Beach.
Switching to LED lights and cutting down the time holiday displays are left on will reduce energy bills and waste, according to Denny Freidenrich
With the benefit of hindsight, Charles Crumpley looks back at some of his 2007 hits and misses
With more residents in the city's core, some businesses are trying longer hours. But many outlets still close in the early evening
Public markets went from basking in banner returns to weathering steep drops as the subprime fallout spread.
The ability to hook into a core customer base has kept California Pizza Kitchen and Cheesecake Factory from sustaining stock declines that have hit casual dining rivals like IHOP
Friday, December 21
Bouncing back from a tough week last week when 150 of the companies on the Los Angeles Business journal's index of 200 largest public companies lost ground, shares gained 1.8 percent this week.
Unhappy over Cheesecake Factory Inc.'s stock performance and "profitless prosperity," Robert Olstein, chairman of Olstein Capital Management LP, and an investor in the restaurant chain, called for the company's founder and chief executive to step down.
Fremont General Corp. said Friday that it has received federal and state approval for its new executive management team at its banking subsidiary, Fremont Investment & Loan.
Los Angeles County's unemployment rate was 5.3 percent in November, up slightly from 5.1 percent in October.
Grupo Televisa has won a court ruling that could allow the Mexican broadcasting giant to move closer to ending its tumultuous relationship with Univision Communications Inc., the largest Spanish-language media company in the United States.
Thursday, December 20
With no talks scheduled with Hollywood's major studios, the Writers Guild of America has begun negotiating with several small independent television and movie production companies on new employment agreements.
The Port of Los Angeles today approved a cargo fee that will help generate $1.6 billion to subsidize the replacement of more than 16,000 short-haul trucks.
Live Nation Inc. said Thursday that will contract with a German company to sell tickets to its shows when its relationship with Ticketmaster ends next year.
Shares in payment processing provider Electronic Clearing House Inc. more than doubled Thursday morning after Intuit Inc. agreed to buy the Camarillo-based company for about $131 million in stock.
A new era at Tribune Co. began taking shape Wednesday with the departure of Chairman and Chief Executive Dennis FitzSimons and the expected arrival of new leadership under Chicago billionaire Sam Zell.
Wednesday, December 19
Tribune Co. said today that Chairman and Chief Executive Dennis J. FitzSimons would step down at the end of the year, immediately after the company completes a deal to go private. The resignation would be the first departure of a top Tribune executive as
Moody's Investors Service said on Wednesday that it has lowered its ratings on home builder Ryland Group Inc. into "junk" status.
Is Hollywood ready for black-tie picketing? How about A-list writers such as J.J. Abrams and Judd Apatow in Armani tuxedos standing near the intersection of Wilshire and Santa Monica boulevards, where the limos enter the Beverly Hilton Hotel for the Golde
Shares in Ihop Corp. dipped more than 10 percent Wednesday after a poor second-quarter earnings report from Darden Restaurants Inc. led Wall Street analysts to sour on the casual dinning sector.
National Lampoon Inc. said Wednesday that it has entered into a partnership with social networking and online entertainment Web site Capazoo.com. to produce branded content for the site.
Iris International Inc. said Wednesday it asked the Food and Drug Administration to approve its urine chemistry analyzer, which would give the company a access to a $350-milion per year market.
Shares in Cheesecake Factory Inc. surged nearly 9 percent Wednesday after activist investor Nelson Peltz acquired a 10 percent stake in the Calabasas-based casual dinning chain.
Shares in videogame developer Activision Inc. gained more than 3 percent Wednesday afternoon after the company raised its forecast for the third quarter, citing strong sales of its slate of videogame titles for the holiday season.
Vidgame industry trade group the Entertainment Software Assn. said Tuesday that it will be moving its annual confab back to the Los Angeles Convention Center in July. Last summer, after 12 years at the Convention Center, E3 moved to a group of hotels in S
Tuesday, December 18
Ticketmaster said Tuesday that it plans to partner with the National Football League to launch a Web site next year that will allow people to resell their NFL game tickets.
Cherokee Inc. said Tuesday that it is reviewing financial alternatives for the company, including a possible sale.
USC has backed off its proposal to run the Coliseum, provided the stadium's landlord takes responsibility for making significant improvements to the venue.
Legislation that would extend health insurance to millions of California's uninsured residents was approved by the Assembly late Monday.
Walt Disney Inc. and battery maker Rayovac have teamed up to make branded batteries sporting Disney characters, the New York Times reports.
Two of Hollywood's most glamorous events are now caught up in the entertainment industry's ugliest labor dispute in two decades. The Writers Guild of America, West, will not allow its members to write for the Golden Globes on Jan. 13 nor the Academy Award
Despite five years of study and $25 million in design costs, airport commissioners on Monday scrapped most of the plans for a massive LAX baggage-handling system as projected construction costs have soared.
Monday, December 17
The Long Beach harbor commission on Monday unanimously approved a fee system, expected to generate $1.6 billion, which will fund a long-delayed clean air program backed by the local ports.
Entravision's planned sale of its billboard division will allow the company to focus on its broadcast business.
A little more than a year after Nissan left its South Bay campus, most of the space at the 42-acre site has been sold.
CalAmp Corp. said Monday that it has reached a settlement with satellite TV provider EchoStar Technologies Corp. following the failure of some of CalAmp's satellite dish components.
Why has Macrovision's bid for Gemstar-TV Guide sent both companies' shares tumbling?
The members of Sherwood Country Club in Thousand Oaks didn't need Robin Hood to steal from the rich in order to buy their club from billionaire David Murdock.
The SLS Beverly Hills Hotel is ratcheting up the chic factor for its 2008 opening with staff uniforms styled by a well-known French designer.
California Credit Union had a busy year. The non-profit institution, which serves workers in the field of education, moved a branch from Cahuenga to North Hollywood and opened a branch in Woodland Hills.
Primafuel is making huge waves in the biofuels industry.
DataQuick Information Systems reports that over 52,000 homes in California have gone into foreclosure this year and at least 172,000 California borrowers defaulted on mortgage loans in the first three quarters of 2007.
A widely circulated chain e-mail includes a list of humorous made-up words from something called the "Washington Post Mensa Invitational."
It turns out, reports of the demise of retail branch banking have been greatly exaggerated.
In what may be one of the most intriguing reactions to a local merger announcement in a while, investors last week turned thumbs down, way down, on Macrovision's proposed acquisition of Gemstar-TV Guide.
A mortgage-relief plan being pushed by the government is supposed to help debt-laden homeowners across America. But it's creating dashed hopes and fresh tensions in this city that mushroomed during the subprime-lending boom.
Amgen shares hit a five-year low on Monday, despite the company having released solid data over the weekend on a potential blockbuster osteoporosis treatment.
It turns out, reports of the demise of retail branch banking have been greatly exaggerated.
The Great Pen Exchange at UCLA's health sciences campus puts a point on the message about the influence of drug company promotions.
Occidental Petroleum Corp. said Monday that it has agreed to buy $1.55 billion in oil assets from Houston oil company Plains Exploration & Production Co.
Local port workers last week began enrolling in a comprehensive new federal security program that some experts fear could upset the flow of cargo.
Vivendi's pickup of Activision makes THQ an even more attractive acquisition target for a big media company.
Katianna Nightingale was inspired to create her colorless, odorless Aqua Tanspray after a skin cancer scare.
Any time a film pans over this city's downtown skyline, it is like watching a home movie of the last 40 years of Robert Maguire III's life. His towers span its breadth, the iconic U.S. Bank Tower, the tallest building west of the Mississippi, at its cente
Simulations Plus Inc. said late Monday that its board of directors decided to switch its listing of common stock from the American Stock Exchange to The Nasdaq Stock Market effective Dec. 31.
Nancy Carr was preparing for a business career when she was a student at USC. When she took some public relations classes, she found the path she wanted to take.
Some of the points Adam B. Summers made in his op-ed of Nov. 26 ("It's Time to Stop California's Plans for High-Speed Rail") deserve rebuttal.
When Bank of America opens its branch in Adelanto this week, it will rank among the most environmentally advanced locations built by the San Francisco institution.
Dozens of striking film and TV writers are negotiating with venture capitalists to set up companies that would bypass the Hollywood studio system and reach consumers with video entertainment on the Web.
Genesis Bioventures Inc., has changed its name to Abviva Inc. The company, which is developing novel breast cancer diagnostics and therapies, now may have revenue-producing products on the way.
The tech boom of the late 1990s was supposed to spell the end of branching as consumers flocked to online banking. The former never happened.
With all the new bank branches opening in Los Angeles County it would seem that establishing one would hardly pose a challenge to any professionally run financial institution.
Three lease deals have been completed at Wilshire Courtyard in the Miracle Mile area.
Social networking titan Facebook stumbled in its early attempt to target ads at members, while MySpace has succeeded with a more low-key approach.
In the L.A. firm's first international foray, Quinn Emanuel Urquhart Oliver & Hedges LLP has opened an office in Tokyo.
Friday, December 14
A proposal to convert the carpool lanes on three Los Angeles County freeways into toll roads could be a boon to frustrated solo commuters willing to pay for a quicker drive to work.
Occidental Petroleum Corp. Chief Financial Officer Stephen Chazen will take on the additional role of president for the Los Angeles-based oil company.
Shares of United Online Inc. rose nearly 8 percent Friday after the company announced the closure of a federal probe into its Classmates.com Web site.
Hollywood's bitter labor dispute intensified Thursday when striking writers filed a charge against the studios, alleging they had not bargained in good faith.
Movie and television directors said Thursday that they were prepared to begin bargaining toward a new contract with production companies after the New Year holiday, a move that could realign Hollywood's troubled labor front.
In a week where the Los Angeles Business Journal's index of the 200 largest public companies dropped 3. 8 percent, with 150 companies losing ground, and with the Dow Jones industrial average losing more than 200 points, it was tough to find companies on t
Thursday, December 13
DirecTV Group Inc. said Wednesday that it agreed to buy most of the assets of ReplayTV from D & M; Holdings Inc. to gain patents for manufacturing digital video recorders.
Shares in Countrywide Financial Corp. dropped nearly 6 percent Thursday after it said foreclosures doubled in November and late payments continued to rise.
The Illinois attorney general is investigating the home loan unit of Countrywide Financial as part of the state's expanding inquiry into dubious lending practices that have trapped borrowers in high-cost mortgages they can no longer afford.
As the writers' strike heads toward its seventh week with no end in sight, you know there won't be a quick, easy, or quiet end to the walkout called by the 8,000-member Writers Guild of America.
PeopleSupport Inc. said late Wednesday that its board rejected the unsolicited $15-per-share acquisition offer from IPVG Corp. and AO Capital Partners.
Former president Bill Clinton says he is preparing to reduce or curtail his business relationship with Los Angeles billionaire Ron Burkle's investment firm if his wife, Hillary Rodham Clinton, wins the Democratic presidential nomination.
The chief executive of Endeavor Acquisition, the special-purpose acquisition company that agreed to buy American Apparel earlier this year, no doubt breathed a sigh of relief Wednesday as the company closed on the deal just three days before its drop-dead
J2 Global Communications Inc. said Thursday it has acquired the RapidFax business of Easylink Services International, a Norcross, GA-based business-to-business e-commerce services provider.
Aecom Technology Corp. said Thursday that it signed a contract worth up to $574 million with a Libyan government housing agency.
Wednesday, December 12
Citing poor market conditions, United Online Inc. announced Wednesday that it had decided to cancel its initial public offering for its popular Web site Classmates.com.
Shares in Maguire Properties Inc. soared nearly 10 percent Wednesday after the company said it has formed a special committee of independent directors to look into strategic options for the company, including a sale.
China has stopped granting permission for American films to be shown in its theaters in an apparent trade dispute with the United States, according to several Hollywood executives and United States government officials.
Despite a boost from this year's early Thanksgiving, Tribune Co., parent of the Los Angeles Times, saw revenue for the four-week period ended Nov. 25 sink 3.3 %, with classified advertising especially hard-hit by the real-estate slump.
The Writers Guild of America is under new and mounting pressure from its ranks to get back to the bargaining table.
Shares in Diodes Inc. rose nearly 9 percent Wednesday after the company raised its fourth quarter revenue guidance citing increased manufacturing efficiencies and a better product mix.
Maguire Properties Inc., a Los Angeles real-estate investment trust that is fighting hedge funds for control of the company, indicated it is up for sale for the second time in 13 months.
Southern California is expected to reap a bulk of the economic benefits of an agreement reached Tuesday allowing Chinese tourists to visit the United States on leisure travel visas beginning next spring.
Tuesday, December 11
California's largest workers' compensation insurance carrier operated so secretively that the board appointed by the governor to oversee it was often kept out of the loop on major purchases and charitable contributions, according to a sweeping audit being
Shares in IndyMac Bancorp Inc. dropped more than 5 percent Tuesday after the Pasadena-based lender's credit rating was cut to "junk" status by a bond rating service.
Amgen Inc., the world's biggest biotechnology company, may sell its unit in Japan as part of global cost cuts to offset a slump in sales and a lower earnings forecast, people familiar with the plan said.
The Port of Long Beach plans to vote next week on a fee structure to help fund the controversial program to clean up port trucking, officials announced today.
Online music retailer Napster Inc. reaffirmed Tuesday its third-quarter guidance and said its chief financial officer is resigning.
Shares in Woodland Hills-based Internet company United Online Inc. gained more than 4 percent Tuesday after the company said it is expecting to price the initial public offering for its popular Web site Classmates.com this week.
Monday, December 10
Helping aspiring attorneys pass the state bar is big business in Los Angeles, with some companies offering deluxe instructional packages that can cost as much as $12,000.
Shares in Thousand Oaks-based biotech firm Amgen Inc. fell Monday after shares were downgraded by two firms.
Once again, Univision's KMEX (Channel 34) had the highest ratings for the November sweeps among advertiser-friendly demographics.
Amgen Inc. and Johnson & Johnson's anemia drugs may raise the risk that patients with a bone marrow disease will later develop leukemia, according to an analysis of 30 years of patient records.
Charles Crumpley regrets not taking advantage of low teaser rates for home mortgages now that the government is poised to bail out people from their bad decisions.
Talks between Hollywood writers and studios collapsed Friday, dashing hopes of an imminent resolution to a 5-week-old strike that has upended the entertainment industry.
Sisters Paris Hilton and Nicky Hilton have careers in fashion. And no, their jobs aren't merely to wear clothes. They have their own lines.
Chatsworth-based Capstone Turbine received a big boost when New York City took steps that will encourage the implementation of its microturbine energy generating systems.
A proposed Santa Monica city ordinance to make businesses liable for patrons who smoke on their outdoor premises is meeting some resistance from the business community.
In conjunction with Cathay Pacific and British Airways, Qantas Airways Ltd. has completed an upscale lounge in the Tom Bradley International Terminal at the Los Angeles International Airport.
Shoemakers Skechers USA and Vans are in a tussle over the use of a checkerboard pattern that's synonymous with the local surf and skateboard culture.
Carson-based snack-food maker Mrs. May's Naturals ships its nuts and fruits to China for processing, and then back to the United States for distribution.
Acquiring "Guitar Hero" maker Red Octane was a major move that put Activision in line for a $19 billion merger with Vivendi's Blizzard Entertainment.
Talon International Inc., an apparel supply company, is voluntarily removing itself from the American Stock Exchange.
California faces a $10 billion budget deficit, turf battles have broken out in the Legislature and lawmakers are on edge while waiting for voters to decide if they can serve longer in their houses.
Electronic device provides pass codes to track Web transactions.
Steve Josefson's contest-winning laugh put him in Spanish-language commercials and scored him $1,000 and 100 gallons of milk.
Adopting a Smart Growth plan in Los Angeles will ensure that the area's workforce will have the housing it sorely needs, writes Mary Leslie.
Grossman facility led legislative fight to up reimbursement rates.
Richard Schaefer was bred for a life in banking, but meeting boxer Oscar De La Hoya at a Palm Springs golf course pointed his life in a new direction.
The number of homes that traded hands in Los Angeles County in November was the lowest yet in the current housing slump.
The county's largest privately held biotech firm, Agensys, has agreed to be acquired by a subsidiary of Japan's second-largest pharmaceutical company.
Alliance Spacesystems in Pasadena is at work on robotic arms that can be used to repair satellites in space, possibly saving billions of dollars.
Local lenders and homebuilders got a boost Monday after a national trade group for real-estate agents said the battered housing market is on the verge of stabilizing.
Teledyne Technologies Inc. said Monday that it has agreed to acquire San Diego-based Impulse Enterprise Inc. for an undisclosed sum.
Shares in IndyMac Bancorp Inc. dropped 2.7 percent in after-market trading Monday after the Pasadena-based lender had its credit rating cut to "junk" status.
Direct-response agency ID Media has won the Round Table Pizza account. Although based in New York, ID Media will handle its pizza client through the Los Angeles office.
Some after-school programs are vital to improving the social and scholastic lives of many children, according to Michael Tennenbaum.
Friday, December 7
While the Dow Jones industrial average gained 250 points for the week, the Los Angeles Business Journal's index of 200 largest public companies in L.A. County added 1.4 percent, marking the second-straight week of gains.
The Los Angeles Harbor Commission on Thursday approved a controversial proposal to increase ship calls by 30% at one of the West Coast's largest shipping terminals and add 1,800 daily truck trips to an area already struggling to cope with some of Southern
Amgen Inc. is considering revising the safety information on its best-selling drug Aranesp after a new study showed the anemia treatment may increase the likelihood of death in women with cancer.
Shares in Gemstar-TV Guide International Inc. plunged nearly 18 percent Friday as investors showed discontent with a $2.8 billion acquisition of the media company by Macrovision Corp.
When Casey Johnson and his wife moved to San Diego County three years ago, they couldn't find a home in their price range. So they did what they thought was the sensible thing.
Thursday, December 6
Shares in teen retailer Hot Topic Inc. dropped more than 8 percent Thursday after the company reported a dip in same-store sales for November.
IndyMac Bancorp Inc. said Thursday that it expected further losses until at least the second half of next year and rejected a shareholder proposal to buy back stock, sending shares down.
Southern California provides substandard service to residents in several economic, social and health-related categories, according to the Southern California Association of Governments, a regional planning organization covering Los Angeles and several nei
After a week-long war of words that led Gov. Arnold Schwarzenegger and Mayor Antonio Villaraigosa to jump into the tiff between USC and the Coliseum Commission over a long-term lease agreement, a d tente of sorts was reached Wednesday.
As talk of the government's proposal to freeze the low introductory interest rates on recently made home loans intensified Thursday, shares in local lenders and homebuilders surged.
Seeking to shore up its flagging public image, the Alliance of Motion Picture and Television Producers has retained a consulting firm known for creating controversies in media and politics on behalf of well-heeled clients.
Despite reporting double-digit growth in third-quarter profit and revenues, shares in UTi Worldwide Inc. plummeted nearly 19 percent when the company said it expected to lose a contract with retail giant Wal-Mart Stores Inc.
Wednesday, December 5
Shares in AeroVironment Inc. leapt nearly 6 percent Wednesday after the unmanned aircraft maker reported jumps in second-quarter profit and sales and reaffirmed its annual guidance.
The global credit crunch that took hold of financial markets in the summer is now taking the steam out of commercial real estate.
Shares in Guess Inc. climbed 5 percent early Wednesday after the clothing retailer topped Wall Street expectations with its third quarter results.
Shares of Capstone Turbine Corp. got a boost Wednesday after the mayor of New York City said the city is going to pursue installation of technology in its buildings similar to what Capstone develops.
Real estate crash or not, the U.S. economy and California will escape recession in 2008, a UCLA study released today predicts.
Negotiators for writers and studios returned to the bargaining table Tuesday, but they remained far from reaching a new deal that would end a strike now in its fifth week.
Tuesday, December 4
Reports from two investment firms saying that the Treasury Department's plan to extend low interest rates will have little effect on the sub-prime mortgage market have put downward pressure on two local lenders.
Gemstar-TV Guide International Inc. said on Tuesday that it has signed a multiyear deal to provide interactive program guides to a Chinese cable operator.
Activision's stock continued to surge on Tuesday following the announcement that the video game maker will merge with Vivendi.
L.A.-based Hanmi Financial Corp. announced the hiring of Brian Cho as chief financial officer.
Monday, December 3
Los Angeles-based private equity firm Gores Group LLC has purchased United Road Services Inc., a Michigan-based logistics company.
Vivendi plans to acquire a controlling stake in Santa Monica-based Activision in a deal that creates a rival to Electronic Arts as the world's largest independent video game publisher.
In little more than a year, Chief Executive Craig Lewis has engineered a turnaround for Artisan Precast, a maker of concrete walls.
When the PGA Tour makes its Los Angeles stop in February at the Riviera Country Club in Pacific Palisades, it won't be the Nissan Open anymore.
Jakks Pacific Inc. said a New York federal district court will dismiss a lawsuit from World Wrestling Entertainment Inc. that accused the Santa Monica toy maker of bribery and other actions.
Vivendi's deal with Activision Inc is unlikely to end speculation over a possible break-up of the French conglomerate, analysts say.
CB Richard Ellis enjoyed a nice stock bounce last week, but it's still way down from its summer highs.
Five buildings will be erected on site of old paper mill.
Chris Reed, chief executive of Reed's Inc., has turned his passion for organic living into a best selling ginger ale and a Nasdaq-traded company.
Universal Studios-based Insomnia Media Group has scored $550 million from an Egyptian financier.
Twenty-five years ago Steven T. Kirsch built a better mouse. Now he believes he has found a way to create a better trap , for spam, not mice , if he has enough time to finish his project.
The decision by Chick's Sporting Goods to sell out to rival chain Dick's sharpens the competition in that crowded sector.
Business travelers may find that superjumbo jet Airbus A380 has fallen short of lofty expectations.
The health-conscious French cuisine of La Cachette is worth the hassle of visiting this impossible-to-find Century City restaurant.
Should toll lanes replace high-occupancy vehicle lanes? Samuel R. Staley is for it, and wants to begin on a network of such roadways around Los Angeles.
Although it has been burned in the past by working in politically unstable countries, Occidental Petroleum is trying again with a deal in Libya.
Seven years after he lost the U.S. election, Al Gore has more influence on U.S. global warming policy than the man who defeated him, President George W. Bush.
Trucking companies are grinding their gears as they attempt to fight a clean air plan for the ports that could put hundreds of them out of business.
Eteam is an emergency management IT software that was scheduled to be deployed in mid-September 2001 for the New York City Office of Emergency Management.
Anna Ouroumian, president of the Academy of Business Leadership
Arrowhead Research Corp. on Monday announced the appointment of Dr. Christopher Anzalone as its president and chief executive cfficer, succeeding company founder Bruce Stewart.
The movie version of "Cleopatra" was a Hollywood epic in the days of yore. Now, a Tinseltown production company has an epic $550 million to work with and the money has an Egyptian connection.
Los Angeles officials are spinning their wheels on a too-little, too-late proposal to turn Olympic and Pico boulevards into one-way streets, according to Charles Crumpley.
Some L.A.-area lawyers are finding that being promoted to partner also means being targeted by companies pitching them high-end services.
The notion of the USC football team possibly leaving the Los Angeles Memorial Coliseum to play its home games in the Rose Bowl has a few UCLA fans peeved and preoccupied.
Onuma Inc.'s architectural software slices design time from weeks to days, sometimes even hours. But there are drawbacks.
Public relations executives say celebrity supporters and a simple economic argument helped striking writers win the early battle for the public's sympathy.
Should toll lanes replace high-occupancy vehicle lanes? Richard G. Little cautions that the switch could impact the region's compliance with the federal Clean Air Act.
Aerovironment Inc., a Monrovia manufacturer of advanced unmanned aerial vehicles and quick-charge energy systems, is flying high with the military.