November 1 - November 7, 2009
Saturday, Nov. 7
Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
Friday, Nov. 6
The economy has hurt most every demographic there is, but for those who are young, less educated and black it's really bad.
The big insider trading case has a new cast member: Dalia Goffer, mother of two guys alleged to be part of the scheme.
An executive with the Irvine media company, now in Chapter 11, received some nice bonuses even as the paper she ran was struggling.
Calpers hasn't policed itself, big loss for Hanmi, low expectations for videogames, and online DVD wars.
The jobless rate for October reached its highest level since 1983, and 190,000 jobs were lost.
Thursday, Nov. 5
The Dow gains 203 points and is back over the 10,000 mark for reasons not entirely clear. But what else is new?
At stake is the ability of studios to stream movies directly into set-top boxes and then onto your TV screen.
Wall Street has another insider trading scandal on its hands, and it looks suspiciously similar to a certain movie made more than 20 years ago.
The popular program gets extended to April 30. It's helped revive the housing market, especially at the lower end.
Yankee stock index offers hope, good month for retailers, Toyota gets wrist-slapped by the feds, and Mozilo must face the music.
Wednesday, Nov. 4
The popular program gets extended to April 30. It's helped revive the housing market, especially at the lower end.
The L.A.-based developer paid middleman Alfred Villalobos almost $10 million in fees to be hooked up with the big pension fund.
I'm kidding. The former all-news station that's turned into a soap box for the conservative crowd has even worse ratings than before the switch.
Maybe the better question is why would anyone want to run for public office these days?
It's the availability of capital - not the cost of it - that seems to be holding up the works.
Retailers (cautiously) hopeful, TV ad sales showing life, Mouse House in China, and L.A. bankruptcies are up.
Tuesday, Nov. 3
Now we hear that the former board member who stood to make millions of dollars in fees hosted the then-CEO's wedding.
Parent of the LAT is changing its retirement plan - most of it now involving a redesigned 401(k).
The billionaire real estate mogul (and Clippers owner) is settling allegations that he discriminated against African Americans, Hispanics and families with children.
Not if you listen to an official with the Federal Reserve who monitors commercial and residential real estate.
Why a middleman for Calpers made millions, more L.A. layoffs likely in 2010, good news from Paramount, and Lawry's settles discrimination suit.
Monday, Nov. 2
Companies are generally bringing down their overall executive pay, but many of them have found other ways of rewarding their top people.
Arizona's East Valley Tribune, which just happened to have won a Pulitzer this year for local reporting, is being shut down by the OC-based media company,
Bunches of young, fast-growing companies in the L.A. area (especially in tech, health care and e-commerce) are no doubt paying close attention.
Home price predictions for 2010 continue to stream in - and they continue to be all over the map.
Companies hoarding cash, nonprofit riches for L.A. couple, banks get tough on celebs, and watching commercials on DVRs.
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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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