June 21 - June 27, 2009
Friday, Jun. 26
Federal inspectors were not given access to records at the Danville, Va. plant that's at the center of the E. coli outbreak involving Toll House cookie dough. $MTEntryExcerpt$>
 
The L.A.-based concert promoter is out tens of millions of dollars, and it's not at all clear how much of that will be covered by insurance. $MTEntryExcerpt$>
 
Retailers starting to cut back on their selection of products, quite a contrast to the marketing strategies of the 80s and 90s. $MTEntryExcerpt$>
 
KB loses more money, Jackson's finances to be sorted out, AEG loses big time on London concerts, and C-17 gets reprieve.  $MTEntryExcerpt$>
 
Thursday, Jun. 25
There's a lot to sort out about the death of Michael Jackson, though one of the first questions will center on his preparations for what would have been a 50-concert series.  $MTEntryExcerpt$>
 
The Dow gains 172 points. Better-than-expected earnings at Bed, Bath and Beyond and a successful auction of Treasury notes were among the positive developments.  $MTEntryExcerpt$>
 
The industry's largest trade group has hired a bunch of makeover artists to come up with ways in which the financial community can be seen as wearing the white hats.  $MTEntryExcerpt$>
 
Trust me, it's waaay more than you want to know, but the transaction does point to how Bev Hills-based Platinum Equity loves to bottom feed for deals.  $MTEntryExcerpt$>
 
No more discounting - the average price for markets tracked on Bing Travel is $281, up from $259 three week ago. $MTEntryExcerpt$>
 
City officials are close to an agreement with city unions that would cover nearly half of the $530 million deficit that L.A. faces this year. $MTEntryExcerpt$>
 
New concerns about state economy, more talks to break budget deadlock, tourism becomes L.A. biggest industry, and Ruth Madoff riding the subway. $MTEntryExcerpt$>
 
Wednesday, Jun. 24
State Controller John Chiang says he'll have to start issuing them on next week if lawmakers and the governor don't settle on a solution to the $24-billion deficit. $MTEntryExcerpt$>
 
The Federal Reserve says it will keep interest rates low for "an extended period." The Fed's benchmark overnight interest rate is at virtually zero.  $MTEntryExcerpt$>
 
The Best Picture category will have 10 nominees instead of five. It's a dramatic change that will upend the award process and probably generate a bit more excitement.  $MTEntryExcerpt$>
 
Online newsrooms might not be the industry's salvation after all - not if one business model making the rounds gains any traction. $MTEntryExcerpt$>
 
He tells CNBC this morning that there's been little progress over the past few months, and that the economy is a "shambles."  $MTEntryExcerpt$>
 
Budget gimmicks in Dems' deficit-cutting plan, Cerritos registers an extra-high cancer risk, Korean Air thinks big, and new spat over Mozilo. $MTEntryExcerpt$>
 
Tuesday, Jun. 23
Of course confusion is what often happens just prior to an actual turnaround, so perhaps the mixed signals are really encouraging. Then again, perhaps they're not.
 $MTEntryExcerpt$>
 
The company's long-term strategizing is exactly what the LAT and the newspaper industry in general did not do in preparing for the online age.  $MTEntryExcerpt$>
 
Boeing delays Dreamliner (again), onerous regulations and high taxes are pushing businesses elsewhere, more cuts at MySpace, and Madoff asks for only 12 years. $MTEntryExcerpt$>
 
Monday, Jun. 22
The company has been practically silent about the CEO's condition for months - despite ongoing speculation that he was seriously ill. $MTEntryExcerpt$>
 
L.A. investment adviser Stanley Chais oversaw three funds that invested with Bernie Madoff - and didn't tell clients that Madoff was the one making the decisions. $MTEntryExcerpt$>
 
Stocks are way down, large percentage of voters not enchanted with the city, City Hall bracing for layoffs, and Ralphs pushing bargains. $MTEntryExcerpt$>
 
© 2003-2015     
About LA Observed    
Email the editor