March 1 - March 7, 2009
Friday, Mar. 6
Here's another case where an unwillingness to change with the times has doomed the best of intentions.
Day by day, it’s becoming dreadfully apparent that this downturn will result in a fundamental restructuring of many U.S. industries,
Stocks are fading, classic response to Karatz indictment, I-News at the Daily News, and Sabans help restore Wilshire Theatre.
February's numbers pretty much match the bleak expectations of economists. It's another sign of a slow recessionary slog.
Thursday, Mar. 5
The feds are accusing Bruce Friedman of operating an "ongoing fraudulent investment scheme" involving at least $17 million.
The former CEO of L.A.-based KB Home is charged with conspiring to defraud the homebuilder and shareholders.
The Dow fell 281 points, to 2594. Citigroup closed at $1.02 (at one point it was actually trading at under a dollar!).
The Daily Journal is reporting that the former CEO of Countrywide Financial could soon face civil fraud charges.
The Linens ’n Things name and Internet domain has been purchased by a couple of investment firms. The plan is to resume an online site.
The tea leaf reading cannot be encouraging to those wanting to see the voter-approved ban on same-sex marriage be overturned.
The L.A.-based firm is letting go 90 lawyers, or 10 percent of its workforce. As at other firms, the area most likely impacted is transactions.
Many months into the financial collapse, some numbers still take one's breath away. As in Citigroup at $1.04 a share and GM at $1.83.
Doesn't CNBC know that just about the worst thing you can do is agree to appear on "The Daily Show" and then back out?
GM auditors raise warnings, stocks back down after yesterday's gains, Wal-Mart hangs tough as others struggle, and THQ cutting costs.
Wednesday, Mar. 4
The L.A. aerospace giant will consolidate its administrative staff in Redondo Beach and El Segundo. But it's also hiring.
Supporters of Measure B, the solar panel initiative, thought their side was going to win late last night. Surprise!
Don't want to speak too soon, but with an hour or so to go the Dow is up more than 200 points.
The San Diego-based fast food chain is announcing a new logo and the makeover of more than 2,000 restaurants.
Market tries comeback (again), biz-related measure goes down, Manny deal could be close, and El Centro is Ground Zero for recession.
Tuesday, Mar. 3
The Calabasas-based firm that buys up delinquent home mortgages was started by the former president of Countrywide Financial.
We're not even at the "show me" stage, where there's at least an openness to consider the possibility of a turnaround.
Is it possible that more than 80 percent of the league's 30 teams have no realistic shot at winning the championship?
Market struggles to recover, big drop in local gas prices, Hayward solar company strikes deal, and Live Nation reports another loss.
Monday, Mar. 2
There’s practically zero confidence of a breakthrough in the economy any time soon. No confidence, no reason to buy stocks.
The problem isn't really about bum mortgages or overpaid executives - it's about a nation that's drowning in debt.
Nobody wants to reenter the market because the prevailing view is that things will get worse before they get better.
Dow falls under 7000, local ports keep struggling, grocers take aim at food companies, and car dealers have hit the skids.
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The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
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