Stories for December 2003

Monday, December 22

Jobless Recovery Brings Hope Of Further Gains to Recruiter

CORPORATE FOCUS - Korn/Ferry International shareholders haven't had much to celebrate over the last two years.

Modest Gains Seen Preceding Hotel Recovery

Modest Gains Seen Preceding Hotel Recovery

Another Snub for L.A.

As a famous Angeleno oft said, there they go again. A new CNN/Money survey left out Los Angeles as among the Top 25 "best places to live."

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

Some Seepage in Home Bubble May Be Good

Some Seepage in Home Bubble May Be Good

NEWSMAKERS

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

Freshman Blues a Staple in All Walks of Life

Carole Schlocker can relate to Arnold Schwarzenegger. The seasoned staffing executive, like the new governor, has found out how hard it can be to make that transition to a new job.

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

Ex-LAX Official Says Pacts Were Driven by Politics

LA Airport Commission President Ted Stein and other commissioners took the lead in reviewing bids for some of the most lucrative airport contracts, shunting aside professional staff

LABJ FORUM - Ring Out the Old...

The Business Journal asks: What is your New Year's resolution for 2004?

Productivity Push - Companies aim to increase profits without new hires

Productivity Push

A Turn for the Worse Triggers Cuts in Staff, Programs at St. Johns

Officials at St. John's Health Center will close six programs and lay off 200 employees, more than 10 percent of the work force.

Competitors Seek Class Action Suit Against Big Label Makers

WALL STREET WEST

Words To The Wise

This year's interviews touched on fame, faith and even sexism in baseball

CALENDAR

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

THE LIST - City Contractors

THE LIST - The LA Business Journal's list of top 25 City Contractors, ranked by vendor payments from the City of Los Angeles. Executive Summary, The Trends, The Pacesetter

Year in Review - Growing through war, recall, strikes

Year in Review

ECONOWATCH L.A. COUNTY

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

Alternate LAX Plan in the Works

Unlikely allies have joined to develop an alternative plan to Mayor James Hahn's controversial $9 billion modernization of Los Angeles International Airport.

Falling Dollar Could Spell End To Loss of Film Production Jobs

Los Angeles lost more entertainment industry jobs in 2003 as a healthy jump in television production was offset by a decline in filmmaking.

Monday, December 15

CALENDAR

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

Insider Sales Follow Stock Rise At Pasadena Mortgage Lender

CORPORATE FOCUS - Investors often get nervous when corporate managers sell large chunks of stock in their company.

The LIST - Employee Benefits Consultants/Managers

The LA Business Journal's List of to 15 Employee Benefits Consultants/Managers, ranked by number of L.A. County employees involved in employee benefits services

Unreported Wages, Sales Take Toll on Governments' Budgets

& #151;

Alzheimer Center Founder Accused of Stealing Funds

Fraud Probe Dogs Entrepreneur

LABJ FORUM - BCS Interference

The Business Journal asks: What is your reaction to USC missing out on the BCS championship game?

Honor System: No Fault in Skipping Sales Tax, but Bill Still Due

& #151;

Data Quest

Ari Ramezani and Jim Murphy, owners of Extreme Telecom, dropped out of college to sell pagers, then graduated to dial-up service and finally, to broadband

Keeping Tabs: Law Enforcement Hard-Pressed to Stay Ahead

& #151;

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

ECONOWATCH L.A. COUNTY

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

Officers of Ailing EUniverse Hand Back Some Cash

The former chairman and chief executive of eUniverse Inc., Brad Greenspan, and several other executives still involved with the scandal-plagued company have handed back part of the salary and bonus money they received before the dot-com marketer disclosed

Signs of Optimism Seen as Non-Profit Groups Eye 2004

In the midst of the most critical giving period of the year, many local non-profits say they will be hard-pressed to meet their goals for 2003

REVIEW / PREVIEW

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

Plans Floated for Westwood Village Theater Project

Executives with Beitler Commercial Realty Services have begun circulating preliminary plans for a mixed-use project with a movie theater in Westwood Village.

Univision, Secure in Its Domination, Reaps Spanish-Language Rewards

In one sweeps period this year, television stations owned by Univision Communications Inc. had the No. 1 evening newscasts in Los Angeles, New York, Chicago and Miami among adults 18-34.

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

Outlook for Finance Job Market Brightens as Small Firms Grow

WALL STREET WEST - After three years of layoffs, the job picture for California's financial sector may see a recovery next year, according to LA-based recruitment firm Russell Stephens.

Monday, December 8

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

Bunker Hill Redevelopment Draws National Interest

Eight development teams, many with international reputations, have expressed interest in a $1.2 billion redevelopment of eight acres on Bunker Hill.

BANKRUPTCIES

Weekly List of recent L.A. bankruptcies

Low-Key Lender Bridges Gulf By Servicing Real Estate Deals

From his penthouse office on Sunset Boulevard, Farhad Ghassemieh, an Iranian expatriate, runs a tiny bank on the outskirts of Beverly Hills that caters solely to real estate entrepreneurs.

Following Brutal Stretch, Airline Industry Could Rebound in 2004

WALL STREET WEST

THE LIST - SBA Lenders

The Business Journal's List of top 25 SBA Lenders

Broadcom Search for New Chief Stalls Over Founder's Influence

Broadcom Corp.'s search for a new chief executive appears to be at a standstill.

LABJ's LA Stories / The Roving Eye

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

NEWSMAKERS - Warner Bros. Hire Strikes Tone With Wireless Ringers

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

CALENDAR

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

In Workers' Comp Drama, Rate Cuts Are Long Way Off

With all the talk of reform, Jim Ball had been looking forward to relief on his workers' compensation premium bill. Instead, the president of skate manufacturer Sure-Grip International got a Thanksgiving week surprise: a notice from his insurance carrier

ECONOWATCH L.A. COUNTY

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

Changing Coffee Tastes Brew Trouble for Farmer Bros.

Since its opening 22 years ago, the West L.A. breakfast eatery John O'Groats had contentedly served Farmer Bros. Co. coffee, along with its biscuits and blueberry pancakes.

L.A. Times Ends Movie Ad Effort

Those ubiquitous Los Angeles Times advertisements that have entertained and irritated area moviegoers for decades will soon be a thing of the past.

REVIEW / PREVIEW

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

Insurer Boosts Reserve, but Health Is an Issue

Financially troubled Universal Care Inc. filed papers with state regulators last week showing that an infusion of equity capital had brought a key measure of its reserve strength above the state minimum following a year-end loss.

Airport Executive Overseeing Concession Deals Steps Down

The official responsible for all non-airline revenues at Los Angeles World Airports quietly resigned Nov. 10, leaving the agency at a time when it is under scrutiny from several city offices.

LABJ FORUM - The Holiday Crunch

The Business Journal asks: What's the most important thing you hope to accomplish before the end of the year?

L.A. Power Brokers Dig Deep for New Governor

Despite his pledge not to take money from special interests, Gov. Arnold Schwarzenegger has reaped hundreds of thousands of dollars in contributions from major L.A. developers and executives since he won the recall election on Oct. 7.

Safeway, Union Also in Generous Mood

Both sides in the nearly three-month long supermarket strike and lockout have been making campaign contributions to state officials, including Gov. Arnold Schwarzenegger, who they have deemed sympathetic to their respective views.

A Renewed Focus on Aviation Helps to Give Teledyne a Lift

CORPORATE FOCUS

Monday, December 1

County Toughens Rules for Moving Indigent Patients

LA County Health Department will institute a new policy this week that is expected to reduce the number of mostly uninsured emergency room patients being transferred to its facilities from private hospitals.

NEWSMAKERS

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

CALENDAR

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

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

Casden's Troubles Throw Westwood Project Into Doubt

Now what? That's the question Westwood residents and real estate executives have been asking

A Game of Musical Chairs

L.A. shakeout expected from consolidation in record business

ECONOWATCH L.A. COUNTY

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

Anschutz Cashes In Partnership Interests as Pipeline Shares Rise

WALL STREET WEST

Its U.S. Income Tied to Target, Mossimo Seeks Deals Overseas

CORPORATE FOCUS - Three years ago, Mossimo Inc. was pulled from the brink when it tied its fortunes to discount retailer Target Corp.

Indictments, Probes Raise Questions Of Corruption in L.A. Civic Affairs

With the indictments of an executive at Casden Properties LLC and officers of 13 of the real estate company's subcontractors on charges of making illegal campaign contributions, next year's total could climb.

THE LIST - Restaurant Groups

L.A. Business Journal's list of top 25 Restuarant Groups, ranked by L.A. County units

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

LABJ FORUM - Cheap Drugs vs. Large Deficit

The Business Journal asks: Do you think the Medicare drug plan is a good idea even if it means an increase in the federal deficit?

Firm Stance By Grocers Puts Crimp On Progress

By now everyone knows why the union and grocery chains remain at loggerheads. A pending incursion by Wal-Mart Stores Inc. and rising health care costs have driven employers to demand a laundry list of takeaways

New DWP Generators Have Opponents Seeing Brown

The Los Angeles Department of Water and Power plans to fire up two new natural gas generators this April that will spew out tons of nitrous oxide.

REVIEW / PREVIEW

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