Stories for August 2003

Monday, August 25

Post-Scandal Charges Still Rare

Post-Scandal Charges Still Rare

Buyout Artist Must Reach Into Turnaround Past to Right Firm

CORPORATE FOCUS By RiSHAWN BIDDLE

REAL ESTATE Property Sales

Weekly listing of recent Real Estate property sales

Convention Center Hotel Plans Lifted By Court Decision

L.A. city officials, their hopes raised slightly by an Aug. 8 court ruling related to a proposal for a downtown convention center hotel, are tweaking their plans despite continued concerns in other circles about financing.

Municipal Spending Cutback Seen in Dip of Lease Finance

Municipal Spending Cutback Seen in Dip of Lease Finance

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

Comment: Mixed Signals a Year After Sarbanes-Oxley

Comment: Mixed Signals a Year After Sarbanes-Oxley

Disgruntled Shareholder Takes Second Try at Chad Board Seat

WALL STREET WEST - One year after losing a proxy fight to gain control of two seats on Chad Therapeutics Inc.'s board, investor Monte McDowell is at it again.

REVIEW / PREVIEW

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

Reporters Follow the Enron Money in High-Stakes Whodunit

The following is an excerpt from the book "24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America," by Rebecca Smith and John R. Emshwiller (HarperBusiness, $25.95).

WEEKLY BRIEFING - Summer Heat Wave Is Boosting Cooling Firm

The summer of 2003 has been a busy one for Stuart Rose Heating and Air Conditioning in Agoura Hills.

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - New-auto dealerships, ranked by 2002 revenues

LABJ FORUM - Darkness Visible

The Business Journal asks: What is your backup plan if the power goes out?

CALENDAR

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

NEWSMAKERS

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

Paramount, Yahoo Strike Portal's First Content and Ad Sharing Deal

Having established a Southern California beachhead in Santa Monica, Yahoo Inc. has struck its first content and advertising sharing agreement with a TV show.

Court Set to Rule on NAFTA Truck Row

Federal trucking regulators will decide as early as next week whether to comply with a court order that would delay the opening of U.S. highways to Mexican truckers by another 18 months

Momentum Gathers for Plan Requiring Health Payments

An effort to greatly expand health coverage through a system that would require businesses to offer it or pay into a state fund is getting a big boost from the California's topsy-turvy political climate.

ECONOWATCH L.A. COUNTY

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

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Monday, August 18

REAL ESTATE

Property Sales

Hollywood Paces Slight Increase in Regional Hotels' Occupancy Rates

Led by gains in Hollywood, West L.A. and the South Bay, hotel occupancy rates squeaked out a modest increase during the first six months of the year, reversing dramatic declines that followed the Sept. 11, 2001 terrorist attacks.

Court Ruling on Edison Bailout Could Restore Utility's Health

CORPORATE FOCUS. Not long ago, Southern California Edison, the state's second-largest utility, was written off as a casualty of California's energy crisis a backer of deregulation that nearly got done in by its own attempts to influence energy policy.

Desiring Everything in an Age of Limits

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MEDIAWATCH

Top Five grossing films; top ranked primetime tv shows; top selling albums; Top video rentals; top video sales; top dvd rentals; top dvd sales; top selling software

REVIEW / PREVIEW

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

Perino's Site Will Be Redeveloped Into Apartments

A local developer has purchased the old Perino's restaurant site in the Mid-Wilshire area and will be redevelop the property into a 48-unit apartment complex.

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

NEWSMAKERS

New Parsons Vice President to Focus on Safety Concerns

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - Residential Real Estate Developers, ranked by units sold in L.A. County in 2002

Recall Election Likely to Have Impact on State's Bond Rates

WALL STREET WEST

ECONOWATCH L.A. COUNTY

Charts of Economic Indicators, Real Estate, Tourism... (Adobe Reader .pdf)

CALENDAR

Calendar of L.A. business events, conventions, and announcements (Adobe Reader .pdf)

Sale Nears for Downtown Complex With Macy's, Hotel

CIM Group Inc. is close to a deal to buy MCI Center, a 2.5 million-square-foot downtown complex that includes a 678,000-square-foot office building, the Macy's Plaza retail center and the 485-room Hyatt Regency Los Angeles.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

LABJ's LA Stories / The Roving Eye

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

Software Alliance Roils Some With Aggressive Stance

The Business Software Alliance's most recent sweep through California netted the trade group more than $1 million in fines for unauthorized software duplication.

Special Interests, Proposition 13 Cited as Possible Reform Areas

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Visitors Head South to Fill San Diego's Inns As Other Regions Lag

Hotel occupancy in San Diego stood at a whopping 93.8 percent for the week ended Aug. 2, marking the fourth week in a row California's southernmost city has led the nation.

Boeing Targets Pentagon With "Network Centric" Sales Plan

The U.S. military can send a missile to an exact target in downtown Baghdad even changing the weapon's course midway with little damage to people and buildings around it.

Federal Probe Into Water Board May See More Charges

The July indictments of two West Basin Municipal Water District officials may be the first brought by federal authorities as part of the ongoing investigation of the board's complex financial dealings.

LABJ FORUM - Hot Dish

NBC's new reality show "The Restaurant" - The Business Journal asks: Is the restaurant business really like this?

Democrats Want to Lower Threshold Needed to Pass Budget

It's not easy to pass a budget that requires a two-thirds majority of the state legislature. So why not lower the threshold?

New Cancellations Put Dent in L.A.'s Convention Hopes

In another indication of the city's continuing struggles at attracting convention business, seven meetings booked for the Los Angeles Convention Center over the next six years and accounting for more than 100,000 room nights for area hotels have been yan

Monday, August 11

CALENDAR

Calendar of L.A. business events, conventions, and announcements (Adobe Reader .pdf)

Register Is Checking Up on Reporters

Jayson Blair, the disgraced New York Times reporter who was caught plagiarizing and fabricating sources and information, got editors at the Orange County Register to examine how they can improve the paper's credibility.

NEWSMAKERS

Capstone Taps New Chief Executive, Ending Long Hunt

MEDIAWATCH

Top Five grossing films; top ranked primetime tv shows; top selling albums; Top video rentals; top video sales; top dvd rentals; top dvd sales; top selling software

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 FORUM: Passion Play

The Business Journal asks: What do you make of the flap over Mel Gibson's "Passions?"

ECONOWATCH L.A. COUNTY

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

Pair Cultivated Clubby Image as They Set Plans for Alleged Scam

Lehman Bros. sued Mark Alan Abrams and Charles Elliott Fitzgerald, along with a host of others it claims were involved, alleging they used falsified documentation and inflated real estate appraisals

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...

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Amid Cutbacks, Some "Appalled" By Surplus at Health Department

When county supervisors went begging for money from the feds and the state to bail out their troubled health department, they insisted there was no choice, citing dire predictions of a long-term budget shortfall.

Specialty Labs Diversifies Base In Bid to Recover From Losses

Specialty Laboratories Inc. is showing signs of life after its near-death experience.

Summer Slowdown for Area Ports

Growth in cargo volume through the ports of Los Angeles and Long Beach has slackened this summer due to lingering effects of the SARS virus and rate increases

Hoiles Family Floats New Plan; First American Stuck With Bill

WALL STREET WEST: There are more rumblings about Freedom Communications Inc., parent of the Orange County Register, being retained by members of its founding Hoiles family

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - Largest technology firms, ranked by 2002 Revenues

Monday, August 4

LABJ FORUM - Investing in Golden State

The Business Journal asks: Would you buy a California bond?

CALENDAR

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

ECONOWATCH L.A. COUNTY

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

Huge Scam Is Alleged In Lehman Bros.' Suit Over Mortgage Deals

Lehman Bros. has filed suit accusing a group of real estate investors of illegally taking out $140 million in mortgages on 84 tainted home transactions.

Credit Unions Narrow Gap With Banks Under New Rules

Credit unions are taking advantage of relaxed federal regulations to boost their asset bases and compete more evenly with traditional banks.

LABJ's LA Stories / The Roving Eye

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

Shareholder Has Terse Questions About Ailing Skechers' Designs

WALL STREET WEST - Skechers U.S.A. Inc. found itself fending off an angry Wall Street money manager after the Manhattan Beach shoe manufacturer announced that its business was hitting the skids.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

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 -Apex Mortgage Capital inc.

Comeback for Implant Maker Includes New Push for Silicone

It wasn't so long ago that Inamed Corp. was struggling under the weight of lawsuits over its silicone breast implants. Now the company is a darling of Wall Street.

EXECUTIVE SUMMARY / THE PACESETTER

Summaries of this week's List - Airlines, ranked by 2002 passengers carried at L.A. County airports

Rocked by Tech Fallout, Firm Refocuses on Testing, Staffing

CORPORATE FOCUS - After being caught on the wrong end of the computer industry bust, National Technical Systems Inc. is finally reaping the benefits of a two-year restructuring and expansion in two of its other markets.

Daily News Deal Expands Ad Insert Coverage to Non-Subscribing Homes

The Daily News and other local papers in the Los Angeles Newspaper Group are teaming up with a direct-mail giant in the pre-print advertising market.