September 20 - September 26, 2009
Friday, Sep. 25
Big fire this morning at Tesoro oil refinery in Wilmington is already pushing up wholesale gasoline prices by almost 21... $MTEntryExcerpt$>
Oaktree Capital, the huge L.A. investment firm that's led by billionaire Howard Marks, just picked up a cool $1 billion. $MTEntryExcerpt$>
SF-based parent UnionBanCal gets a $2-billion infusion, which was called "voluntary and pre- emptive." $MTEntryExcerpt$>
What's amazing is that one of the homeowners interviewed last year still hasn't heard from his lender. $MTEntryExcerpt$>
The co-CEO of talent agency giant WME isn't thrilled with the firm's planned Bev Hills digs that are still under construction. $MTEntryExcerpt$>
Consumers more upbeat, battle royal at MGM, SAG turns moderate in elections, and no more "Nudes, Nudes, Nudes." $MTEntryExcerpt$>
Thursday, Sep. 24
The messaging Web site is clearly looking to play catch-up with Facebook - and in the process make the company more attractive to potential advertisers. $MTEntryExcerpt$>
When you're stuck on an airplane for hours and hours and the cabin smells like a cesspool, don't count on the carrier for any help. $MTEntryExcerpt$>
There are still some givens when it comes to the most expensive and least expensive homes. $MTEntryExcerpt$>
Relief for home buyers, CA saves a few bucks on bond sale, Kerkorian revelation in Pellicano case, and Citi might beef up in L.A. $MTEntryExcerpt$>
Wednesday, Sep. 23
Ike Perlmutter was granted 1.27 million in stock options just a few weeks after his subordinate began informal talks with Disney. $MTEntryExcerpt$>
Katie Couric's annual salary at CBS is more than the entire annual budgets of NPR's "Morning Edition" and "All Things Considered" combined. $MTEntryExcerpt$>
Among the (yucky) judging criteria: Wear and tear, age, and stains. Winner takes home 100g's. $MTEntryExcerpt$>
With Goldman trading today at about $186, Warren Buffet's warrants are now valued at more than $3 billion - a 62% return on his year-ago investment.
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Growth is what it's all about, right? Well, no - not according to a provocative study by two Nobel prize-winning economists. $MTEntryExcerpt$>
Holiday jobs scarce, skimpy yields on CA bonds, Obama carries Letterman, and paring down Alaska cruises. $MTEntryExcerpt$>
Tuesday, Sep. 22
California's Attorney General filed suit against investment adviser Stanley Chais, who directed hundreds of millions of dollars of investments to Bernie Madoff. $MTEntryExcerpt$>
One of Sonny Astani's signature developments is in bankruptcy after the project's construction lender, Corus Bank, was seized by federal regulators. $MTEntryExcerpt$>
ABC cuts back on ads, coalition pushes for transit improvements, drop in SFV foreclosures, and Erin Brockovich returns. $MTEntryExcerpt$>
Monday, Sep. 21
Good news is that occupancy rates are holding up pretty well. But more guests come at the cost of lower room rates. $MTEntryExcerpt$>
About 100,000 fewer foreign-born people were living in the U.S. in 2008 compared with a year earlier, the first such decline since at least 1970. $MTEntryExcerpt$>
Those are folks who abruptly and intentionally walk away from a mortgage, even at the risk of lousing up their credit scores. $MTEntryExcerpt$>
At some point the credit market will improve and long-stalled developments will get going, but bankers are likely to be very stingy. $MTEntryExcerpt$>
More on Dick Cook's exit, Nazarian slows down pace, new claims involving Marvel characters, and Whole Foods considers check ban. $MTEntryExcerpt$>
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