Stories for May 2008
Friday, May 30
Aerovironment Inc. said Friday that the Netherlands Ministry of Defense awarded it a $7.7 million contract for the company's Raven unmanned aircraft system.
Semtech Names CTO
The executive director of Los Angeles International Airport did not manipulate the selection of two firms for lucrative construction contracts, but the airport's procurement process still needs to be more transparent, says a report released Thursday.
Naseeb Michael Saliba, co-founder of L.A. construction company Tutor-Saliba Corp., has died. He was 93.
After taking quite a hit last week, dropping 2.6 percent, the Los Angeles Business Journal's index of the 200 largest local public companies rebounded, gaining 1.4 percent.
The Anderson Center's California Composite Index of Consumer Sentiment declined for the third straight quarter, hitting its lowest level since the survey originated in 2002.
The Little Tokyo area near downtown Los Angeles is about to get a culture shock.
Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford Motor Co. shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent.
Ihop Corp.'s former chief operating officer filed a lawsuit against the company claiming he was terminated in January without a severance package after refusing to take a demotion.
Peerless Systems Corp. said Friday that it has ended an asset purchase agreement with Prism Software Corp. due to various closing conditions not being satisfied.
The American Funds mutual fund group has gone 77 years without a significant whack from financial regulators, a track record that is a true rarity in the investment business.
Thursday, May 29
Spanish-language television network Azteca America is now producing its U.S. national and local Los Angeles newscasts from Mexico City.
The cost of protecting Countrywide Financial Corp. bonds from default fell for a second day to the lowest in a month on signs its takeover by Bank of America Corp. will be completed.
Live Nation Inc. plans to sell tickets to its concerts and live events through a program on the popular social networking Web site Facebook.com.
Tetra Tech Inc. said Thursday that one of its recent acquisitions has been awarded three wind energy projects on the East Coast valued at more than $30 million.
In Charlotte, N.C., gasoline at nearly $4 a gallon is cracking "the survivors," as credit counselor Bruce G. Hamlett calls them. They're the people who played by the rules and kept up their mortgage and utility payments even as neighbors gave up and moved
Centinela Hospital Medical Center in Inglewood has been a key healthcare provider to nearby residents for nearly a century. Now some patients and activists in South Los Angeles worry that recent cuts and other changes are diminishing its role in the commu
Shares of embattled lender Countrywide Financial Corp. gained Thursday morning after it set a June 25 date for shareholders to vote on the $4 billion takeover by Bank of America Corp.
Those who fetch $130 for a barrel of oil can call the tune these days. And it seems the tune is becoming so catchy that even Madonna, the original Material Girl, might be singing soon in this rich Gulf city-state.
THQ Inc said late Wednesday that it will delay the release of the second installment of its successful "Saints Row" game franchise by nearly two months due to what it called product quality and marketing concerns.
A U.S. appeals court said it won't reconsider an April decision giving DirecTV Group Inc. a new trial in a patent dispute with Finisar Corp.
Wednesday, May 28
TiVo, Disney Reach Deal; Ihop to Change Name to DineEquity.
You've probably never heard of John Eric Bentley. But you might recognize his face. The 38-year-old actor has played a park ranger in the TV series "Bones," a police officer in "CSI: Miami" and a judge on "Hannah Montana."
Blue Holdings Inc. said Wednesday in a Securities and Exchange Commission filing that it received notification from the Nasdaq stock exchange that the company had not submitted its earnings report for the period ended March 31 and once again faces delisti
Countrywide Financial Corp. agreed to settle three shareholder lawsuits Wednesday that were challenging the company's sale to Bank of America Corp.
Countrywide Financial Corp.'s President David Sambol will leave after Bank of America Corp.'s acquisition of the company instead of running the combined mortgage operations as originally announced.
Abraxis names CFO.
One week after the announcement that the Medallion project was being halted in the midst of construction shocked Downtown, the $125 million mixed-use effort on a key plot near the Historic Core, the Toy District and the Civic Center is back on.
Hollywood studios and one actors union reached a tentative labor agreement on prime-time television shows quieting concern about a second actors strike this year.
The cost of protecting Countrywide Financial Corp. bonds from default fell the most in two months on optimism that a takeover by Bank of America Corp. will be completed.
In another sign commuters are leaving their fuel-guzzling vehicles behind, ridership on the Metro Gold Line increased by nearly 19 percent from last year, far outpacing ridership on other Metro Rail lines, according to figures released Tuesday.
Shares in Cogent Systems Inc. got a boost Wednesday after the company said late Tuesday that its first-quarter profit more than doubled.
Tuesday, May 27
The trial involving Mattel Inc. and MGA Entertainment kicked off Tuesday, with Mattel saying MGA hid the origin of its wildly popular Bratz dolls for seven years and subsequently hurt Mattel's Barbie sales.
The owner-operator of six Los Angeles-area "medical marijuana" dispensaries and his wife were arrested Tuesday morning on a host of federal charges, the U.S. Attorney's Office said Tuesday.
National Lampoon Inc. said Tuesday that it has launched a record label called National Lampoon Records.
J2 Global Communications Inc. said Tuesday that it promoted Hemi Zucker to chief executive.
Shares in IndyMac Bancorp Inc. fell early Tuesday after an analyst cut his rating on the mortgage lender.
Pacific Office Properties buys Honolulu office building.
Monday, May 26
Microbiologist Wenyuan Shi has crafted a sweet treat minus the sting with a lollipop that fights cavities.
'Pawnbroker to the Stars' Yossi Dina handles artwork, five-figure watches and other high-end items at his Beverly Hills shop.
As the October start date looms, few trucking companies have taken steps to prepare for the ports' vehicle replacement program.
Federal funding of toll lanes puts the focus back on the Southland's roadways, writes Adrian Moore.
Hedge fund Palisair Capital Partners is pressuring 1st Century Bancshares to take action to raise its share price.
Toni Casala's firm and Web site help aspiring child actors and their parents navigate show business.
Featured Newsmaker: Brad Zager
Hirings, promotions and kudos.
Concord Law School's online-only courses make up for a lack of esteem with convenience.
Jonathan Handel feels that Hollywood's actors unions and the studios need to act on a speedy deal.
Charles Crumpley is a little discouraged by the dearth of local businesses on Barron's list of America's Best Companies.
Home prices in 20 U.S. metropolitan areas fell in March by the most in at least seven years, pointing to weakness in the housing market that will constrain economic growth.
Despite governor's veto vow, bills on the California Chamber of Commerce "job-killer" list have local business owners worried.
Hanover Co., a national developer of luxury apartments, is planning on renting out the primo penthouse at its new downtown apartment building for $19,000 a month.
Information technology is one of those topics many executives don't care to think about unless they're forced to, when, for example, the computer doesn't turn on one morning.
Medicare officials' decision to end a three-year program with Care Level Management Group has resulted in the medical management company filing for bankruptcy.
Cab drivers may get a break if the city lifts restrictions on where passengers can be picked up.
Jeans maker Blue Holdings is flying by the seat of its pants as slow sales and management issues have pummeled its stock.
Association of Tennis Professionals could be courting controversy at its local tournament courtesy of its main sponsor: Countrywide.
WOMEN MAKING A DIFFERENCE 2008
The Los Angeles Avengers play a high-energy brand of football on an indoor 50-yard field. Now, the company is hoping to bring that energy to its fans through a sponsorship agreement with Verve, a new entry on the energy drink market.
After nearly three weeksof negotiations, representatives of Hollywood studios and the American Federation of Television and Radio Artists talked into the night Monday, apparently moving closer to a deal on a new prime-time TV contract.
Despite muted demand for office space by banks and financial services companies, many Los Angeles lenders and financiers are gravitating toward the downtown office market.
The Port of Los Angeles this month unveiled a first-of-its-kind all-electric truck that officials hope can play a meaningful part in the growing effort to reduce port-related pollution.
Taking a page from "American Idol," Billboard magazine is launching a talent show, "Billboard Next."
These days, an abundance of outside financing for Hollywood movies means that studios often don't always fully own or control the films they distribute -- an arrangement that limits both their risk and the money they can make, even from a big hit.
It's a common tale about the chronic shortage of commercial lab space in Los Angeles: A fast-growing bioscience company frequently has to move away to realize its full potential.
Architect Dan Meis grew up in Denver as a huge Broncos fan. And he's lived in Los Angeles for more than a decade now, but without a local National Football League team to root for, he's taken to cheering for the Philadelphia Eagles because he designed the
Friday, May 23
Shares in local casual dinning chains were hit Friday as analysts downgraded stocks because of rising oil prices and consumer uncertainty about the economy.
In a week where the Dow Jones industrial average dropped 4 percent, the Los Angeles Business Journal's index of the 200 largest public companies followed suit, shedding 2.6 percent on 138 of the companies either losing ground or staying flat for the week.
Home prices in California tumbled 32 percent in the month of April when compared to the year earlier.
Four years ago, Mattel Inc. exhorted its executives to help save Barbie from a new doll clique called the Bratz.
Contract negotiations continue smoothly between shippers and the union representing West Coast dockworkers, with both sides announcing Thursday that an agreement should be reached before the current labor pact expires July 1.
Shares in local home builders dipped Friday morning when the National Association of Realtors said existing-home sales remained weak in April and inventories of unsold homes continued to swell.
American Apparel Inc. said late Thursday that its Chief Financial Officer, Ken Cieply, has left the clothing retailer to pursue other opportunities.
Hundreds of homeowners facing foreclosure have fallen victim to scam artists who told them they could hang on to their properties by placing them in phony "land grants," authorities said Thursday as they announced the breakup of the alleged scheme.
Thursday, May 22
Hot Topic Inc. posted a wider first-quarter loss Wednesday as same store sales continue to drop for the struggling retailer.
Shares in True Religion Apparel Inc. got a boost Thursday after an analyst forecast long-term growth for the company.
A Los Angeles company that sold 100,000 lead-tainted lunchboxes to the state health department last year has been ordered to pay a $10-million fine for violating California laws on toxic substances.
Napster Inc. said its subscription service will become available to between 5 million and 6 million AT & T; Inc. mobile phone customers next month.
An earthquake with a magnitude similar to the one that recently rocked China is inevitable in Southern California and could cause about 2,000 deaths, injuries to 50,000 and $200 billion in damage if it happened today, the U.S. Geological Survey and the Ca
The busy travel season kicks off this upcoming Memorial Day weekend, and Los Angeles World Airports said Wednesday that passenger volumes at Los Angeles International Airport will be roughly the same as they were last summer.
Sony Pictures Releasing is diving into the alternative theatrical content biz. Studio has created a new unit dubbed the Hot Ticket, which will distribute nonmovie content, including concerts, performing arts and sporting events, in high-definition digital
Thousands of sleeping bags and magic wands contaminated by excessive levels of lead paint are being recalled by The Walt Disney Co., federal inspectors said Thursday.
L.A.'s economy will skate by for the rest of 2008, just avoiding recession, and begin to turn around in 2009 as the regional and national economies recover, according to a forecast released Thursday morning by California State University Long Beach.
Wednesday, May 21
Shareholders of Northrop Grumman Corp. for the second straight year rejected a proposal calling for a vote on executive pay.
Walt Disney Co. and other Hollywood studio owners have settled a copyright lawsuit against movie-sharing Web site ShowStash.com after its owner agreed to pay damages of $2.77 million.
Soon-to-be-free-agent rapper Curtis "50 Cent" Jackson could be the next major hip-hop star to score a big-bucks deal involving records, tours and other rights.
Almost 20 million passengers are expected to pass through Los Angeles International Airport during the summer travel season, crowding terminals and filling flights to near capacity, LAX officials said Tuesday
Chief Executive of Countrywide Financial Corp, Angelo Mozilo, is taking heat about an angry reply accidentally sent to a pleading borrower.
Shares in Napster Inc. closed up 4 percent Wednesday after the company said its fiscal fourth-quarter loss was nearly cut in half, beating Wall Street estimates.
Shares in Reed's Inc. added 6 percent Wednesday morning after the drink maker posted strong sales for its first quarter.
Honda Motor Co. said Wednesday that it will launch a new, affordable gas-electric hybrid car in the U.S., Japan and Europe in early 2009.
Shares in Herbalife Ltd. gained nearly 4 percent Wednesday after the supplement retailer said its board approved a $150 million increase to the company's share repurchase program.
Boeing Co. confirmed Wednesday morning that it will lay off 750 employees, mostly in El Segundo and Seal Beach, as its satellite manufacturing sector has seen a downturn in business.
Tuesday, May 20
For Walt Disney Co., the task of opening a virtual version of Disneyland on the Web was relatively easy. Closing it, though, is proving to be quite a bit more difficult, thanks to the wrath of obsessive fans of Disney's theme parks.
Breaking a long silence, Robert Maguire III said Monday that he realized weeks ago that he likely would have to step down as chairman and chief executive of the real-estate company he founded if he was going to continue his efforts to take it private.
Shares in Enova Systems Inc. shot up Tuesday after the company said it inked a long term supply agreement with a school bus manufacturer worth over $120 million.
Ihop Corp. said Tuesday that its Applebee's unit signed a deal to sell and lease back 187 company-owned real estate parcels.
Standard & Poor's Ratings Services lowered its corporate credit and senior note ratings on KB Home late Monday, sending shares down 4 percent early Tuesday.
In better times, the money Martimiano Pineda wired back to Purechucho from roofing jobs in Florida coated his dirt floor with cement and paid for a home computer.
Shares in Blue Holdings Inc. dropped nearly 30 percent early Tuesday after the denim company said it might restate earnings and was in danger of being delisted.
The percentage of households that can afford to buy an entry-level home in California was 44 percent during the first quarter, compared with 26 percent for the same period a year ago, according to a report released Tuesday by the California Association of
Monday, May 19
Elise Buik, chief executive of United Way of Greater Los Angeles, has changed the focus of the non-profit from fundraising to addressing poverty issues
Unhappy with available camera bags, photographers Jessica Claire and Keats Elliott fashioned their own stylish and functional line.
Airbus' superjumbo jet A380 is on schedule for a fall debut at LAX despite some production problems.
American Apparel Inc., the sometimes-controversial Los Angeles clothing manufacturer and retailer, is expanding in spite of its unsettled financial situation.
Carson-based MagTek's payment card readers reject phony cards in addition to protecting customers' personal data from theft.
Pinkberry Chief Executive Ron Graves says that working for the frozen yogurt purveyor gets his adrenaline pumping. Of course, it can't compare to Graves' old job flying fighter jets.
The foreclosure crisis that has forced thousands of families from their homes has given something good to the nation's best-known housing charity: Cheap properties for sale in communities around the country.
Independent wealth management firm Kochis Fitz/Quintile has changed its name to Aspiriant.
Home sales surged 22 percent in April in Southern California as bargain-hunters bought lower-end homes in areas hardest hit by foreclosures, a research firm said Monday.
The subprime meltdown and credit crunch took a toll on Udvar-Hazy even though business is aircraft leasing. The co-founder of International Lease Finance Corp. saw net worth shrink when parent American International Group reported $12 billion in subprime-
A trial is looming over Mattel's claim that an ex-employee took drawings for the Bratz line to rival MGA.
The subprime fallout has pinched some wallets, impacting the 2008 rankings.
The subprime fallout has pinched some wallets, impacting the 2008 rankings.
While ticket sales for everything from movie seats to theatrical performances have become a victim of a slowing economy, business for one local discount ticket broker has been booming.
Online matchmaker eHarmony is looking to hook up with overseas markets including China.
The top 20 Wealthiest Angelenos' profiles are broken out individually. here are numbers 21 - 50. For the list of all 50, please click here.
The complexity of navigating across Web pages can tax even the most resourceful among us.
Even as early as grade school, Alex Choi knew he would become a lawyer. While his 6-year-old friends had to beg their parents for G.I. Joes, Choi never whined when persuading his parents to get him what he wanted.
Some of the international players now in Los Angeles.
L.A.'s weather and glamour have long pulled in the rich from around the globe.
Two large property sales have occurred recently that have included debt assumption by the buyers, highlighting an emerging trend in the local real estate market. As financing becomes more difficult to obtain, some buyers are assuming in-place debt on prop
Dreier Stein Kahan Browne Woods & George LLP has formed a sports marketing and consulting firm that will be based in the firm's Santa Monica office.
Maguire Properties Inc. founder Robert Maguire III was ousted over the weekend as chief executive of the company he founded.
After months of negotiating, NASA Ames Research Center is expected to launch a safety study of the north airfield at Los Angeles International Airport next month, under the terms of a $1.4 million contract up for consideration Monday.
Last September, when Sanjay Sanghoee set about turning his first novel into a Hollywood movie, the budding filmmaker had his pick of investors.
A Securities and Exchange Commission review of Sarbanes-Oxley has small businesses wondering what the ultimate impact of the 2002 act will be.
Tom Wassner and Reed Schmidt cull the garbage cans of the rich and famous for items to auction online and for a documentary on American celebrity.
Los Angeles is changing its profile from vacation spot to place of residence and investment for the world's wealthy.
Los Angeles is changing its profile from vacation spot to place of residence and investment for the world's wealthy.
Charles Crumpley warns that L.A.'s problems fester as city leaders dream of solutions.
Los Angeles is changing its profile from vacation spot to place of residence and investment for the world's wealthy.
The Money: The real estate market has tanked but Roski has just about held his own a testament to the strength of his holdings as owner and chief executive of Majestic Realty Co., one of the country's largest privately held commercial real estate develo
Web design agencies are a dime a dozen in Los Angeles. But they usually don't develop their own software.
East West Shares Surge on Barron's Article; AltraBiofuels Names CEO.
Barbie maker Mattel Inc. on Monday settled with a former employee who the company alleged drew sketches for the popular Bratz line while working at Mattel and then took the drawings to rival MGA Entertainment.
John Kabateck and Kofi Sefa-Boakye take opposing positions on whether Proposition 98's limits on the government's power to seize property would help or hurt challenged communities.
Kerkorian stayed at the table too long last year and big 2006 Vegas winnings evaporated. The majority owner of MGM Mirage saw shares lose half their value as soft economy kept tourists home. Decline forced Kerkorian to turn to the Middle East and bring in
Friday, May 16
Texas health officials said Wednesday that they have concluded their investigation into DaVita Inc.'s Lufkin Dialysis center following a recent spike in patient deaths, a state spokeswoman said. Results of the investigation have not been released.
The TV biz wrapped up its "very different" (as execs noted at every opportunity) upfront week on Thursday.
A plan to completely ban independent truck drivers from the Port of Los Angeles by the end of 2013 was approved Thursday night.
After a decline of more than 2 percent last week, the Los Angeles Business Journal's index of 200 largest public companies in L.A. County gained 2.7 percent. In all, 136 of the companies either gained or stayed flat.
Unemployment inched up in L.A. County in April while the local job market was flat, according to state figures released Friday.
Robert Maguire III has abandoned his last-ditch effort to buy the company that he founded, and is on the verge of being forced out as chief executive and chairman.
Shares in Maguire Properties Inc. shed as much as 16 percent during trading Friday after a real estate newsletter said an acquisition deal involving the company's founder had been "derailed."
Enova Systems Inc. reported a wider first-quarter loss Friday due to greater expenses.
Southern California Edison said Friday that it has proposed to the California Air Resources Board the first major set of "early action" greenhouse gas reduction projects.
Panda Express Pledges $1 Million in Asian Disaster Relief; Edison Names Scilacci CFO
Shares in Preferred Bank Los Angeles dropped 12 percent Friday after shares in the bank were downgraded by D.A. Davidson.
Fox Broadcasting Co. is shaking up the commercial TV model with "Remote-Free TV."
A Los Angeles-based venture fund said Friday that it has acquired City of Industry-based personal computer retailing chain PC Club for an undisclosed sum.
Thursday, May 15
Shares in En Pointe Technologies Inc. dropped more than 20 percent Thursday after the company reported decreases in profits and sales.
The Hollywood private investigator, Anthony Pellicano was found guilty Thursday in federal court in Los Angeles of using wiretaps and other illegal tactics to gather information for rich and famous clients involved in divorces or legal disputes.
Southern California Edison on Thursday received approval from state regulators to proceed with one of the largest wind power contracts in the nation.
A federal judge rejected requests by Countrywide Financial Corp. to dismiss a shareholder lawsuit against executives and directors of the lender, and on Wednesday said that the case should go to trial.
Abraxis reports first quarter profit; J2 Global buys Phone People Holdings
State regulators on Thursday said they had finalized a settlement with Kaiser Permanente that will compensate 1,092 former or current members whose policies were canceled after they got sick.
Plans to build a $125-million independent movie and television production facility in the Ventura County city of Moorpark were announced Wednesday by two entertainment industry veterans who hope to cash in on a regional shortage of soundstages.
Most industry milestones make for pretty weak news events so Toyota's news that it has sold more than 1 million Priuses globally as of the end of April was no exception. Until you look deeper.
The Screen Actors Guild, the largest actors union, will resume contract talks with Hollywood Studios after negotiations broke off last week.
MannKind Corp. said it is close to asking for the Food and Drug Administration's approval on its inhaled insulin product.
Senate lawmakers are close to a deal that would expand a government program to insure hundreds of billions of dollars in refinanced mortgages, top lawmakers said Thursday.
Trio-Tech International on Thursday posted a third-quarter loss on decreased sales, sending shares down more than 10 percent.
Wednesday, May 14
An ordinance unanimously adopted by Malibu's City Council this week will soon make plastic bags a thing of the past among its 13,000 residents and four supermarkets.
AFTRA and the majors have kept their primetime contract negotiations under the radar while the Screen Actors Guild still waits in the wings.
Shares in Meruelo Maddux Properties Inc., which had surged 30 percent early this week, declined a bit Wednesday after the large landowner in downtown Los Angeles reported a loss for the first quarter late Tuesday.
Liberty Media and IAC/InterActiveCorp said on Tuesday that they had settled their differences, paving the way for the division of IAC into five companies.
A Democratic lawmaker on Wednesday urged federal regulators to investigate alleged mistreatment by Countrywide Financial Corp. of homeowners in bankruptcy.
The now-missing former chief executive of Gemstar-TV Guide International Inc., Henry Yuen, was charged by the U.S. Justice Department with obstructing an investigation into accounting irregularities at the media company he ran.
The Southern California sporting events industry accounted for $5.1 billion in total economic impact during 2007, according to a study released by the Los Angeles Sports Council.
CB Richard Ellis raised $2.1 billion for projects.
Shares in American Apparel Inc. dipped more than 10 percent Wednesday morning after the clothing retailer reported meek first quarter results.
Six Flags Inc., the owner and operator of Six Flag Magic Mountain in Valencia, said Wednesday that it is seeking to exchange existing bonds at a discount to extend maturities and avoid defaulting.
Buoyed by an increase in exports, Los Angeles County will see moderate growth in international trade activity this year after a down year in 2007, according to a new study.
Private Bank of California names CEO; FutureLogic and TransAct Technologies settle patenmt dispute; Easton-Bell Sports reports first quarter earnings.
Tuesday, May 13
Honda's new hydrogen-powered vehicle, set for leasing within a few months, radically reduced the sizes of its fuel cell and motor. leaving the same interior space as a regular car, engineers said Tuesday.
Shares in Beverly Hills Bancorp Inc. closed up nearly 70 percent Tuesday after the parent company of the First Bank of Beverly Hills reported first quarter earnings late Monday.
NetSol Technologies Inc. posted increases in both sales and profit for its third quarter, sending shares up nearly 10 percent Tuesday.
Disney names Susan O'Day its chief information officer.
Shares in IndyMac Bancorp Inc. continued to tumble Tuesday after an analyst reaffirmed his "underperform" rating, saying the company's book value continues to diminish shares, forcing the company to raise capital.
ABC will introduce only two new series in the fall, one of them scripted, in a schedule the network admits was severely affected by the 100-day TV writers strike.
Walt Disney Co. is planning to start a think tank designed to find out how and why people watch certain shows.
DTS Inc. said late Monday that it swung to a first-quarter profit, crediting a jump in demand for high definition components.
Moody's Investors Service cut its rating for Thousand Oaks-based Amgen Inc. on Tuesday, saying it expects further declines in Amgen's anemia drug sales.
AFTRA and the majors have launched a second week of primetime negotiations for a deal that's expected to do little toward easing the town's strike fears -- since SAG still won't have a new feature-primetime contract once AFTRA makes its deal.
Mattel Inc., the world's biggest toymaker, may add as much as $500 million a year to its revenue by winning a copyright suit against MGA Entertainment Inc. over the Barbie doll's hip urban rival, Bratz.
Monday, May 12
Data processing firm Cash Technologies saw its stock soar after making a deal for an auto parts remanufacturer.
Shares in Cogent Systems Inc. surged 13 percent early Monday after the company said it expects its first-quarter earnings to top Wall Street's expectations but further delayed the earnings report pending a settlement review.
A package of Los Angeles real estate on sale for 35 cents on the dollar is attracting investors to the depressed shares of Meruelo Maddux Properties Inc., the biggest private landowner in the city's four-square-mile downtown.
Shares in RadNet Inc. closed up more than 3 percent Monday but quickly retreated in after-hours trading when the company's profit fell short of expectations.
Cablevision Systems Corp. is buying the Long Island-based newspaper Newsday from Tribune Co. in a deal valued at $650 million, the companies announced Monday.
Justin Bergeron realized at a young age that in order to be successful in the world of entertainment production, knowing many different aspects of the industry was important.
The city Sanitation Department's public meetings have yielded a promising plan to reduce waste, notes Richard Risemberg.
In January, Sony and its allies won a big victory. Blu-ray, Sony's version of a new generation of high-definition DVD players and discs, signed up enough studios to knock out Toshiba's format after a six-year tussle.
Construction on the Medallion, a $125 million mixed-use project on a key plot near the Historic Core, the Toy District and the Civic Center, has been halted.
Special purpose acquisition company Affinity Media International is
Gov. Arnold Schwarzenegger said Friday that California must increase tax incentives to movie and television studios as a way to keep them from moving their productions out of state.
Southland shopping could be sporting a new look as retail destination projects are planned for Dodger Stadium and Ed Roski's proposed home for an NFL team
As video Web sites from user-generated YouTube to studio-approved Hulu get more hits every day, it makes sense that a site like OVGuide.com would emerge.
As next-generation consoles expand the complexity of video games, game publishers are turning to Hollywood writers to punch up story lines
Some local lawyers will be hanging up "Gone Fishin' " signs and heading out on exotic vacations.
The union representing 4,100 janitors in buildings on L.A.'s Westside has reached a tentative contract agreement with building owners and janitorial service contractors, apparently averting a possible strike, union officials and a spokesman for L.A. Mayor
Shares in IndyMac Bancorp Inc. dropped early Monday after the bank reported a first-quarter loss and said it won't be profitable soon.
Barbara Lazaroff, former wife and business partner of Wolfgang Puck, is about to take on the world of reality TV, joining forces with Evolution Media to create a show that would pit budding restaurateurs against each other in a competition to win a new re
Bruce Johnson, chief executive of PorchLight Entertainment, initially envisioned a career as a small-town college professor.
Shares of kidney dialysis center operator DaVita Inc. have been bobbing between $50 to $60 over the past year higher than the stock of all but the top dozen companies on the Business Journal's index of 200 local stocks.
After a four-year delay brought on by environmentalists' virulent opposition, the Port of Los Angeles is set to move forward with an expansion of the China Shipping Container Lines Co. terminal.
Southland shopping could be sporting a new look as retail destination projects are planned for Dodger Stadium and Ed Roski's proposed home for an NFL team.
While waiting for his big acting break to arrive, Louis Perry formed the relationships that led to the launch of a security service
County home sales continued to rebound in April, with the number of homes sold rising 15 percent compared to March.
Charles Crumpley says the evidence is indicating the housing crisis is over. Or is it?
HemaCare Posts Strong Q1 Earnings.
As the Los Angeles Dodgers celebrate the 50th anniversary of the team's move from Brooklyn, local broadcast partners are joining the party.
American States Water Co. posted a dip in first quarter profit but still beat Wall Street's expectations on revenues, sending shares up 3 percent.
When Rick Caruso threw a black-tie bash to open his Americana at Brand mall in Glendale on May 1, he made sure there were plenty of recognizable names.
When Fox Mobile Entertainment decided to launch a six-month project last year to develop screen savers and videos for cell phones, the company needed a qualified interim manager.
Startup Magnify360's software lets e-commerce sites tailor their Web pages and ads to individual visitors.
O'Melveny & Myers' early retirement package has encouraged several lawyers to cash in and jump ship to other law firms
Companies with office needs on the Westside are continuing to turn to the South Bay in search of less expensive rents. At a new office complex in El Segundo, companies are foregoing renting altogether, instead purchasing buildings.
Donald Bren's $8.5 million donation to an after-school program highlights the importance of education to the future of business, according to Dr. David H. Aizuss.
The Beverly Hills City Council on Monday gave final approval to a proposed $500 million revitalization project for the Beverly Hilton Hotel.
Friday, May 9
Meruelo Maddux Names CFO
With SAG pushed to the sidelines until the end of the month, the American Federation of Television & Radio Artists and the majors have held two days of news-free negotiations.
Shares in Superior Industries International Inc. gained 13 percent early Friday after the company reported that first-quarter profit rose 55 percent as lower expenses offset weaker sales.
The blockbuster superhero movie, starring Robert Downey Jr. as an industrialist who fights terrorists and arms dealers in a red-and-yellow metal suit, pulled off a $100 million-plus opening weekend.
Shares of former mortgage lender Fremont General Corp. plunged 47 percent Friday after the company said that it may be forced to file for bankruptcy in order to complete the sale of its retail banking business.
The joint venture that owns Newhall Land & Farming Co. and is on the eve of building a 21,000-home project in the Santa Clarita Valley has defaulted on its $1.1 billion loan.
Shares in Guidance Software Inc. edged down early Friday after the company reported an increased first-quarter loss late Thursday.
Shares in True Religion Apparel Inc. shot up Friday after the high-end denim retailer posted better-than-expected first quarter earnings and boosted its forecast for the rest of 2008.
Warner Independent Pictures and Picturehouse -- respectively, the art-house film division of Warner Bros. and the indie movie arm of New Line Cinema -- are closing, Warner Bros. Chief Executive Alan Horn announced Thursday.
Tribune Co. reported a big first-quarter profit, thanks to a mammoth tax gain the Chicago media concern recorded in connection with the leveraged buyout by which it went private at the end of 2007.
After two weeks of solid gains, the Los Angeles Business Journal's index of the 200 largest public companies took a dip this week, dropping 2.1 percent. In all, 130 of the companies either lost ground of stayed flat for the week.
Thursday, May 8
Six Flags Inc., the company that owns Magic Mountain amusement park, said its first-quarter loss narrowed as revenue increased.
Live Nation Inc. said it narrowed its first quarter loss thanks to increased sales at its venues.
Building owners and union leaders will continue talks through the weekend to settle a janitors' strike, Mayor Antonio Villaraigosa announced Thursday.
A coalition of environmental groups and a developer have agreed on a landmark plan to conserve 90% of the largest chunk of privately owned wilderness remaining in Southern California.
Edison International reported Thursday that first-quarter profit dropped despite a rise in sales.
AEG said Thursday that it will acquire a stake in Los Angeles-based boxing promoter Golden Boy Promotions, Oscar De La Hoya's company.
The Los Angeles Area Chamber of Commerce on Thursday endorsed L.A. City Councilman and former L.A. police chief Bernard Parks for county Supervisor.
Shares in Warner Music Group Corp. dropped as much as 25 percent Thursday after the record label reported a wider second-quarter loss forcing it to suspend its quarterly dividend.
Despite reporting double-digit growth in both sales and profit, shares in Hansen Natural Corp. were stung Thursday when its first-quarter results missed Wall Street's expectations.
Aecom Technology Corp. posted strong earnings Thursday boosted by its international business.
Activision Inc. reported strong earnings that beat Wall Street's estimates after nearly doubling sales.
Shares in Anworth Mortgage Asset Corp. jumped 4 percent Thursday after the real estate investment trust reported better-than-expected first quarter earnings, prompting an upgrade from one analyst.
The beleaguered chief executive of biotech giant Amgen Inc. confronted an often testy group of shareholders Wednesday, his first annual meeting with investors since the company's fortunes took a hard turn last summer.
Wednesday, May 7
Los Angeles advertising firm Spot Runner Inc. said Tuesday that it had received $51 million in financing from Grupo Televisa and a slew of other international media companies, evidence that even global advertisers are interested in local ads.
DirecTV Group Inc. reported strong first quarter results Wednesday mainly because of an increase in subscribers in the United States and Latin America. What's more, customers in both regions spent more each month.
ValueClick Inc. reported solid first-quarter earnings late Tuesday that beat expectations, but shares suffered after an analyst questioned the company's business model and financials.
Rupert Murdoch's News Corp. reported Wednesday that its earnings more than tripled in the latest quarter on a one-time gain of $1.7 billion from a stock exchange with Liberty Media Corp.
Thanks to sky-high fuel costs, discount airline JetBlue Airways has decided to temporarily nix its plans to launch service out of Los Angeles International Airport, the airline said late Tuesday.
Mattel Inc.'s Fisher-Price division won a $5.7 million award from a Dorel Industries Inc. unit in a lawsuit over patents for baby bassinets and bouncers.
Shares in Cash Technologies Inc. soared 200 percent Wednesday after the company said that its subsidiary bought Champion Parts Inc., a troubled company with a well-known name, for just under $3 million.
Shares in United Online Inc. gained nearly 10 percent Wednesday after the company reported late Tuesday that paid accounts at its Classmates.com Web site gained 22 percent.
Hopes for a last-minute breakthrough in negotiations between Hollywood studios and the Screen Actors Guild were dashed Tuesday when contract talks ended on a bitter note, fueling anxiety over the prospect of another strike.
Facing growing criticism of its conduct toward homeowners in bankruptcy court, Countrywide Financial Corp. said it would improve its practices at a hearing before a U.S. Senate panel.
Viacom Inc.'s Paramount Pictures and other studios were awarded $110.9 million by a U.S. judge in a case over pirated films distributed through the Dutch file- sharing Web site TorrentSpy.com.
Blue Holdings Appoints CFO; UTi to Pay CEO, Board Member Solely in Options; Internet Brands Posts Q1 Earnings;l Hot Topic Same-Store-Sales Dip, Guidance Renewed.
Hundreds of janitors on L.A.'s Westside were set to walk off the job Wednesday night after contract talks with building owners broke off earlier in the day.
J2 Global Communications Inc. reported increases in first quarter profit and revenues thanks to a boost in subscribers.
After reporting that his company swung to an annual loss, THQ Inc.'s chief executive, Brian Farrell, outlined his plans to restore profitability, including 200 layoffs.
Tuesday, May 6
Could Bank of America act like a troubled homeowner and hand the keys to Countrywide Financial back to the lender?
Countrywide Financial Corp. has suspended the home equity credit lines of almost all its Las Vegas customers, including the $60,000 Christopher Whipple says he needed to expand his cell-phone accessories business.
Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesday that it has made errors and pledged to take steps to improve its operations.
Amid a boom in corporate jet use, Mercury Air Group Inc. has opened its first private aviation terminal in the Middle East.
Walt Disney Co. said Tuesday that second-quarter profit rose 22 percent as theme park traffic and box office sales from the film "National Treasure 2" boosted the bottom line.
THQ Inc. said Tuesday that it swung to a loss in its fourth quarter despite a rise in sales.
The Los Angeles City Council today approved new rules to address major byproducts of the gentrification that has swept the city: Limiting the size of "mansionization" additions and making it harder for developers to convert low-income housing on skid row
WPT Enterprises Inc. reported an increased loss Tuesday and said it settled a lawsuit in which some poker players accused the company of violating antitrust laws.
The airport commission on Monday threw its support behind the executive director of Los Angeles International Airport, agreeing that Gina Marie Lindsey did not improperly steer a pair of contracts toward firms that she previously worked with.
Shares in DreamWorks Animation SKG Inc. added as much as 6.5 percent Tuesday after the stock was added to Goldman, Sachs & Co.'s "buy" list.
Maguire Properties Inc. reported Tuesday that its first quarter loss more than tripled from a year ago, and the company continues to weigh its options.
CB Richard Ellis Realty Trust and Duke Realty Corp. said Tuesday they have partnered in a joint venture to acquire as much as $800 million of newly developed Duke industrial projects over the next three years.
Walt Disney Co., the second-largest U.S. media company, may say today that second-quarter profit gained on box-office sales for ``National Treasure'' and ``Hannah Montana,'' and the DVD release of ``Enchanted.''
Arden Group Inc. said Tuesday that its first quarter net income was slightly higher than the previous year despite a slip in same-store sales and a weakening economy.
TV Guide magazine on Tuesday named Debra Birnbaum its editor-in-chief just a few days after Macrovision Solutions Corp. took over the storied magazine's parent company Gemstar-TV Guide International Inc.
Monday, May 5
Lockheed Martin Corp. has protested a $3.74 billion Navy contract awarded to Northrop Grumman Corp. to build unmanned spy-planes.
Dial-up Internet service provider United Online has expanded into flower delivery with the acquisition of FTD.
Importers already slammed by the plunging dollar now have a new concern: a proposal by Customs to do away with a rule that has been saving them lots of money on import duties.
London's calling at Sheppard Mullin Richter & Hampton LLP. Since March, the Los Angeles-based firm has brought three entertainment lawyers on board, and two are from London.
A broad coalition of health care groups sued the state of California on Monday, hoping to stop 10 percent cuts to Medi-Cal and Denti-Cal reimbursements from taking effect July 1.
Watt Cos., a Santa Monica-based developer, is bailing out an Irvine-based builder that ran into trouble with a 130-home development in Riverside County.
Viacom Inc.'s Paramount Pictures, Walt Disney Co. and other members of the Motion Picture Association of America settled a lawsuit against a Web site they accused of illegally posting copyrighted movies.
An increasing number of churches today are putting their collection plates aside and asking their members instead to pull out their debit cards.
The federal government has extended the deadline to apply for a nationwide port security program amid a slower-than-anticipated sign-up process.
Shares of Countrywide Financial Corp. tumbled more than 17 percent Monday morning after an analyst recommended that Bank of America Corp. abandon its takeover of the troubled lender.
With $4-a-gallon gasoline making teeth grind and cascading nearly everyone into an even tighter economic bind, is there an overlooked, albeit partial, solution that continually gets a cursory drive-by without a fuller examination?
While it is fairly easy to line up luxury retailers as tenants in an upscale mall, Americana at Brand had a bit of a different challenge: It wanted to establish itself as upscale at the same time it incorporated a few regular retailers that would be usefu
Steve Bellamy, who scored success with the Tennis Channel, is taking on the great outdoors with the Ski Channel.
Mercury General Corp. on Monday reported a loss for the first quarter due to a drop of almost $60 million on its investments during the quarter.
The Santa Monica Pier will be rolling out a new Ferris wheel in time for Memorial Day weekend crowds.
Los Angeles airport director Gina Marie Lindsey -- about to complete her first year overseeing one of the world's busiest travel gateways -- will spend the next few days explaining to her bosses what role she played in the awarding of $67 million in LAX c
California regulators want to expand a pilot program under which utilities offer interest-free loans to small businesses that want to buy energy-efficient gear.
Manufacturing employment in Los Angeles County has been on the decline for the past two decades, but there may be some signs of a turnaround even if only temporary.
Major League Soccer club Chivas USA has kicked off a campaign to add Anglo fans to its Latino fan base.
Litigation firm Gareeb Pham has crafted a cost-efficient process that allows apparel companies to pursue the makers of knockoff duds.
The 78-year-old Hollywood Reporter's facelift could help it step into the spotlight.
Robert Freilich walks from his Century City condo to his office nearby. He'll even walk to Beverly Hills with his wife for dinner. The exercise is great, but he's got a point to prove, too.
A Westwood protest at Occidental Petroleum's headquarters underscores how multinational corporations are increasingly facing challenges from activists.
The nation's largest grocery chain plans to give shoppers a bonus -- 10 percent in its case -- if they exchanged tax stimulus checks for store gift cards for matching amounts.
The Herbalife Ltd. president and chief operating officer who resigned last week following charges that he had hyped his academic credentials was a longtime colleague and personal friend of Chief Executive Michael Johnson.
Glendale Galleria gussies up with glitzy shops to counter the draw of its new neighbor, Americana at Brand.
Falling workers' comp premiums and increasing competition are crunching business insurer Zenith National Insurance.
Port businesses fear they are falling behind in obtaining federal security clearances for their workers.
A Superior Court ruling today dealt a blow to Mayor Antonio Villaraigosa's plan to configure Pico and Olympic boulevards so they act as one-way streets.
Shares in Obagi Medical Products Inc. plunged 22 percent in trading Tuesday after the company reported disappointing first quarter earnings late Monday.
There's a good reason for many businesses in Los Angeles to be frightened. They are being hassled, fined and may be shut down, at least temporarily, because of the intensified crackdown on illegal immigrants in the workplace.
Kastner & Partners, a German ad agency with U.S. headquarters in L.A., has won the account for a brand unfamiliar to U.S. consumers MBT, a Swiss manufacturer of therapeutic athletic footwear that the agency will sell as the "Anti-Shoe."
Counter to a national trend, the ranks of millionaire households surprisingly declined in L.A. County last year, according to figures released Monday from a global market research firm.
Hrings, promotions and kudos.
Famed UCLA quarterback Cade McNown is trying his hand at the real estate game. McNown, who led the Bruins to 20 straight wins in the late 1990s and became UCLA's all-time leader in passing, had a brief career in the NFL before hanging up his cleats in 200
Holograms yes, those 3-D images Darth Vader used to communicate in "Star Wars" are coming to Latino grocery stores in L.A.
Friday, May 2
Countrywide Financial Corp.'s credit rating was cut to "junk" by Standard & Poor's Corp. Friday after Bank of America Corp. said it may not pay all of the Countrywide's debt if it acquires the lender.
Macrovision Corp. said Friday that it has completed the acquisition of Gemstar-TV Guide International Inc.
Shares in Entravision Communications Corp. dropped more than 10 percent early Friday after the media company more than doubled its quarterly loss due to slower-than-expected ad sales.
With Hollywood's hopes for labor peace hitting the skids for now, the Screen Actors Guild and the majors will pull the plug today on three weeks of largely unproductive talks -- with no sign of compromise by either side.
On Assignment Doubles Q1 Profit
During a week where the Dow Jones industrial average closed above the 13,000 mark for the first time since Jan. 3, the Business Journal's index of 200 largest local public companies saw its second straight week of gains adding 1.9 percent. Of the compan
Chevron Corp., the second-largest U.S. oil company, said on Friday its first-quarter earnings rose 10 percent as record oil prices outweighed weak profits from gasoline production.
Bank of America Corp. said Friday that it may not guarantee $38.1 billion of Countrywide Financial Corp.'s debt after taking over the mortgage lender.
The six-year-old Hollywood wiretapping case went to the jury Thursday after a federal prosecutor urged the panel members to look past the celebrities and entertainment moguls involved.
Thursday, May 1
News Corp. aims to make its new MySpaceTV venture a stripped-down version of Fox, with three-minute episodes sponsored by the likes of Ford.
TV Guide has laid off an undisclosed number of staffers in association with parent company Gemstar-TV Guide's proposed merger with Macrovision Corp.
The efforts of Robert Maguire to buy a sizable portion of the company he founded may be bolstered by a letter from Brookfield Properties Corp.
Shares in IndyMac Bancorp Inc. surged more than 30 percent Thursday after the company's chief executive said that it had narrowed its first-quarter loss.
A bargaining group for Hollywood's largest movie and television companies told its members not to expect a breakthrough in stalled talks with the Screen Actors Guild before their scheduled end on Friday.
Herbalife Ltd., while reporting strong first quarter earnings and increased guidance, also said its president and chief operating officer resigned after it was found that his resume had been padded.
Countrywide Financial Corp. will testify Tuesday at a U.S. Senate panel hearing to defend allegations that it "abused the bankruptcy system," a senior Democratic senator said late Wednesday.
S & P; Cuts Ryland to 'Junk.'
After posting record first quarter profit, Occidental Petroleum Corp. said it raised its annual dividend by 28 percent to $1.28 a share.
Walt Disney Co. said late Wednesday that it has officially taken over the Disney Store chain from Children's Place Retail Stores and plans to close about 100 stores in the United States and Canada.
Assurant Inc. said Thursday that it may be willing to buy an insurance unit held by Countrywide Financial Corp.
Live Nation Inc. said Thursday that it signed a 10-year agreement with rapper Jay-Z that includes live shows, recordings and money the performer can invest in new ventures.
New owners of NBC Studios in Burbank unveiled plans Wednesday for $750 million worth of upgrades to the historic lot where top entertainers and newscasters have broadcast to the nation since the 1950s.