April 26 - May 2, 2009
Friday, May. 1
Consumer confidence is way up, Ken Lewis will likely stay on as Bank of America CEO, kickback scheme widens, and flights to Mexico cut back. $MTEntryExcerpt$>
Thursday, Apr. 30
The state of Florida has charged the former Countrywide CEO with engaging in deceptive and unfair trade practices - and he may have to go to court. $MTEntryExcerpt$>
Diehards got all hot and bothered when Nielsen found a huge attrition rate after only a month. So Nielsen reran the numbers and guess what happened?
$MTEntryExcerpt$>
A Washington, D.C. attorney who was about to lose his job apparently shot himself in the head with a .38-caliber handgun. An email bounceback hints at his fate. $MTEntryExcerpt$>
The 1.1 percent increase last year was about the same growth rate as in 2007. The worsening economy is clearly at play. $MTEntryExcerpt$>
Unraveling the Chrysler mess, judge blocks part of ports program, Virgin comes to OC, and Disney joining Hulu. $MTEntryExcerpt$>
Talks with a small group of creditors broke off last night. The automaker will keep operating and a restrucutring plan in the works for some weeks will move forward. $MTEntryExcerpt$>
Wednesday, Apr. 29
He stays on as Bank of America CEO, but shareholders narrowly voted to split the chairman and CEO posts.
$MTEntryExcerpt$>
As usual, the top of the list is pretty thin - only three L.A. County companies (Disney, Northrop and Occidental Petroleum) made the top 100.
$MTEntryExcerpt$>
I realize we're being bombarded with "First 100 Days" overviews and underviews and overlays. But there is at least one Obama piece really worth checking out. $MTEntryExcerpt$>
GDP numbers good for Wall Street, cruise lines stop docking in Mexico, the demise of all-news KFWB, and Socal still leads the nation in pollution. $MTEntryExcerpt$>
The 6.1 percent first-quarter decline was worse than expected (4.7 percent had been the consensus). Also, it was the third straight quarter of contraction. $MTEntryExcerpt$>
Tuesday, Apr. 28
Source Interlink, the publisher of Motor Trend, Hot Rod and several dozen other titles, is seeking bankruptcy protection. $MTEntryExcerpt$>
Under a preliminary agreement, banks and other unsecured creditors would excuse about $7 billion in debt in exchange for $2 billion in cash. $MTEntryExcerpt$>
Bratz maker in receivership, L.A. home prices keep falling, local commuting time is down, and some William Morris and Endeavor agents start to scurry. $MTEntryExcerpt$>
Monday, Apr. 27
Plenty of stories were written about the looming disaster. It's just that nobody paid attention. People believed what they wanted to believe.
$MTEntryExcerpt$>
William Morris and Endeavor are now one - a new entity called WME Entertainment that is certain to shake up the talent agency business. $MTEntryExcerpt$>
That's for the six-month period ended March 31, a 6.5 percent decline from the like period a year earlier. It's also down from a peak of 1.2 million in 1991. $MTEntryExcerpt$>
Lots of scrubbing at LAX, no more Pontiac, Countrywide or Portfolio, and next phase for Newhall Land. $MTEntryExcerpt$>
Sunday, Apr. 26
A couple of news organizations are reporting that the William Morris/Endeavor deal, in the works for months, finally will be announced early this week. $MTEntryExcerpt$>
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