April 12 - April 18, 2009
Friday, Apr. 17
The proposed two-year contract is expected to be voted on by the Screen Actors Guild's 71-member national board on Sunday. $MTEntryExcerpt$>
The March number for L.A. County is up from a revised 10.8 percent in February - and it's even higher than during the peak of the recession in the 1990s. $MTEntryExcerpt$>
The jobless rate last month was 11.2 percent, which is up from 10.6 percent in February. Only Michigan, Oregon and South Carolina have higher rates. $MTEntryExcerpt$>
NYT columnist Paul Krugman remains convinced that the "green shoots" of recovery are less than meets the eye. He's especially suspicious about bank earnings. $MTEntryExcerpt$>
Citi delivers decent news, 21st Century and Farmers to do business separately, studios deal with YouTube, and wider loss at Mattel. $MTEntryExcerpt$>
Thursday, Apr. 16
The chairman of Internet mish-mash IAC doesn't believe we've reached bottom, which means that potential acquisitions are likely to keep falling in value. Why buy now? $MTEntryExcerpt$>
Best Buy's reorganization means that 1,000 salaried assistant store managers will be cut and 8,000 senior associates will receive pay cuts. Ring a bell?
$MTEntryExcerpt$>
Compared with the bludgeoning that the LAT has taken, these trims seem pretty minimal. Still, they point up the industry's woes. $MTEntryExcerpt$>
Sale nears for 21st Century, foreclosures jump in California, Glendale Galleria owner files for bankruptcy, and more questions for OC money manager Danny Pang. $MTEntryExcerpt$>
Wednesday, Apr. 15
The Tribune CEO tells Bloomberg Television that the company is looking at all options. Translation: Everything, including the LAT, is on the table. $MTEntryExcerpt$>
He's accused of lying on his resume, running a Ponzi scheme, and stealing $3 million - and his wife was murdered after telling police that he had threatened to kill her. $MTEntryExcerpt$>
It's probably too early to know, but the March median home price in L.A. County was actually up $10,000 from the previous month, to an even 300K. $MTEntryExcerpt$>
Last-minute filers on tax day, state and local sales tax revenues fall sharply, banks ramp up foreclosures, and ripple effects from LAX downturn. $MTEntryExcerpt$>
Tuesday, Apr. 14
Looks like the weird collection of items from the Neverland estate will remain with the singer, though the explanation is predictably unclear. $MTEntryExcerpt$>
The Hollywood economy is way more complicated than any other L.A. industry and an isolated number can sometimes distort the picture. $MTEntryExcerpt$>
It's potentially a very big deal if more merchandise coming into San Pedro gets snapped up at Target or wherever. $MTEntryExcerpt$>
L.A. location shooting takes a big hit, Guess founder running for governor, gasoline prices keep going up, and Boston station to air Leno. $MTEntryExcerpt$>
Monday, Apr. 13
Blue Cross is sending its members a check for what it deems fair payment to an out-of-network provider. That leaves the hospital having to get the patient to turn over the check or wind up with zilch. $MTEntryExcerpt$>
Companies that don't cut back during a recession tend to do better once the economy improves than companies that slash costs. $MTEntryExcerpt$>
The Hollywood nightclub owner has his Oriole Drive property on the market for $18.9 million. Neighbors include Leo DiCaprio and Keanu Reeves. $MTEntryExcerpt$>
GM told to prepare for bankruptcy, new warnings on banks, questions about viability of downtown office tower, and Oprah gets new digs. $MTEntryExcerpt$>
© 2003-2015
About LA Observed
Email the editor