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March 31, 2010
Disney selling Miramax, MGM struggling with creditors, Tribune slogging through a bankruptcy - will any of these sagas be over in our lifetimes?
The days of all e-books priced at $9.99 are fast coming to an end.
Too much growth too quickly is usually a recipe for trouble.Music-themed games fell 36 percent in 2009.
Survey finds a drop in executive compensation for 2009, the second straight year that's happened. But not for some people.
It was "like a psychological and intellectual boot camp for the very best young minds in the world, the most ambitious and most driven."
The peaking has come earlier than expected and is the result of stepped-up border enforcement and a downturn in the economy.
Jobs report is weaker than expected, Toyota sales looking better, and L.A. location shooting rebounds.
March 30, 2010
Selling things that aren't bad and cost less can be preferable to selling things that are good and cost more.
Under the compromise rates would go up 4.5 percent for residents and 5 percent to 6 percent for businesses.
The Santa Monica-based videogame publisher has restructured its senior management group without telling anybody about it.
Chinese investors have gotten into the foreclosure market, either as an investment or as residences for their kids.
He tells Bloomberg TV this morning that there's a 50-50 chance of another downturn in the housing market.
The federal credits are worth up to $8,000 and California tax credits are worth $10,000. So there's quite an incentive to buy a house now.
For every online job advertised, there are 1.7129 folks out-of-work. That makes the Silicon Valley city the easiest place to find a job.
Apple at all-time high, Council considers DWP rate hike, AT&T loses iPhone monopoly, and Larry King gets beaten up in ratings.
March 29, 2010
They're monumental - $138 million, or about one-quarter of the company's cash flow last year.
The average L.A. household spent $39,422 last year on stuff, a paltry 4.3 percent higher than the national average.
Jaime's divorce lawyer, Dennis Wasser, insisted that the couple shouldn't be judged on the basis of their obscene spending.
Shares of Manhattan Beach-based Skechers have been soaring, so what better time for the co-founder to sell some of his stock?
For years, the FCC has been telling CBS that it would have to dump one of its L.A. properties.
L.A. transit pitch gains traction, CA safety net is failing, American Apparel shares are sinking, and not so fast on 3-D.
March 26, 2010
Why was Oliver Stone's sequel to "Wall Street" pushed back from April 23 to September 24?
City Administrative Officer Miguel Santana was arrested early Friday for allegedly driving under the influence.
New Obama program might do some good, but there are still too many people who should never have become homeowners.
He's aged like 57 years since leaving the Fed and seeing his low-interest rate policy nearly destroy the nation's financial system.
The county gained 24,300 payroll positions in February, even as the state overall showed a loss of 20,400 jobs.
The chairman of Korean Air, which is bankrolling the project, was sounding less than enthused about the progress.
Jobless benefits blocked, more Toyota deaths claimed, DWP's pricey power, and latest plan to stem foreclosures.
The state's unemployment rate held steady at 12.5 percent in February, but the separate payroll survey showed a loss of 20,400 jobs.
March 25, 2010
Guess where per capita income was highest in 2009? Would you believe the District of Columbia, at $66,000?
It offered between $1.3 billion and $1.4 billion, MGM said it was too low, and that was that.
The betting among forecasters is that the job rolls for March will show an increase, perhaps a large one.
Senate passes the much-debated reconciliation bill on a 56-43 vote, with three Democrats opposing the measure.
Social Security in trouble, 130,000 Californians to lose jobless benefits, CA poll shows support for health care, and "At the Movies" gets axed.
March 24, 2010
You just know that bank officials are holding their noses about the notion of giving up on principal.
The county population was at 9.85 million, up from up from 9.78 million in 2008.and 9.54 million in 2000.
Hedge fund manager Jim Chanos wonders what's taken so long. "I have to think that fraud was involved," he tells NY Observer.
New survey finds some optimism among CA small business owners - but very little hiring.
After Warren Buffett was turned down at Harvard, he wound up at Columbia's graduate school of business, where he learned about investing.
Whitman's spending spree, cruise rebound for Carnival, CEOs still getting free club memberships, and the SEC's porn problem.
Not much change in the Anderson Forecast's national outlook: Slow-growth and high unemployment well into next year.
March 23, 2010
So much for Republican claims that "Americans" oppose the legislation, as if we are all grouped into one neat package.
Dollar stores and Web sites are becoming the preferred outlets for more price-conscious consumers.
The Dow gained another 102 points and is now at a 17-month high of 10,888. It's risen 10 of the last 12 sessions.
He's having a tough time getting the council to sign off on his plan to raise power rates at a time of double-digit unemployment.
The economic downturn has brought increases in the kinds of money and family-related cases that generate hostility.
China reacts to Google redirect, deal struck on trimming state deficit, Larry Ellison eyes Warriors, and Palin's new reality show.
March 22, 2010
That's to say, how bad off compared with other metro areas? The basic answer is bad, but far from the worst.
No count on the bidders, but Lions Gate, Access Industries and Time Warner are all believed to be in the competition.
Bonuses are obviously outrageous, but the far bigger issue is process. The Wall Street guys just don't care.
Mixed bag for health care stocks today - hospital companies and drug makers did well and managed care companies did not.
That's what a few crazy-makers are saying about the health care bill.
As usual, the signals are mixed. William Sonoma expects to close more stores, but its earnings jumped in the fourth quarter.
Dow is approaching 10,800, winners and losers in health care bill, Schwarzenegger's low numbers, and Larry David on TV Guide Network.
March 19, 2010
You might recall his being sent off for secretly paying clients to pursue shareholder lawsuits.
Governor and legislature are at odds over a bill that would provide tax relief to homeowners forced to sell at a loss.
Intrade had the chances of passage up to 80 percent earlier this morning, but now it's back down to 78 percent.
The Lionsgate board had already turned down his offer to buy up to 30 percent of the company.
Boost in March car sales, Time Warner mulls MGM bid, lax federal oversight of Southwest, and JetBlue adds more LAX flights.
March 18, 2010
If all this turns out to be a he said/he said case, the prosecution might be in trouble.
The basic allegation is that sales reps for the online review site offer to hide negative reviews if a business buys an ad.
All told, 25 of 36 brands improved their overall quality, a circumstance that auto repair shops are noticing all too well.
LAX slips to 7th position in 2009, down from 6th in 2008, 5th in 2007 and 3rd in 2001.
The restaurant's landlord has been given the go-ahead for eviction proceedings.
You gotta love him. The Oracle of Omaha goes Axl in this music video that's part of Geico's annual employees video.
Karatz gets creamed, DWP meets on rate hikes, Virgin America adds more flights, and Porsche and Lincoln tops in quality.
March 17, 2010
Both John Malone's Liberty Media and Relativity Media are out, and Time Warner is expected to bid low.
WSJ's Phil Izzo offers up this diddy for St. Patty's Day: "We assume that you know what you're doing, In...
The Dow gained another 47 points, but the more interesting news was that it hit its highest level in 17 months.
For all the fury about deficits, Americans still want government to provide lots of stuff - even if they're not willing to pay for it.
Inevitably, they bring up an uncomfortable point about how hard it is to cut billions of dollars on the run.
New study finds that among the viewers watching last week's Academy Awards, 13 percent were also on the Web.
Problems doing business in China, Blockbuster considers Chapter 11, print ad spending improves, and Conan inching closer to Fox.
March 16, 2010
LAX to JFK is normally not a big deal, but for anyone on board a Virgin America flight last Saturday it became a Twilight Zone experience.
The ratings will be off the charts, of course, but ad revenues are another story.
Still early, but lawmakers have a right to be worried about how their vote will affect reelection chances this fall.
February median price in L.A. County was $315,000, down $10,000 from the previous month and $24,000 from December.
It's an ideal venue for him - limited media credentials, super-polite fans, and a course that he knows well.
No change expected for interest rates, CA short on health insurance, iPad pre-orders reach 152,000, and questions about firing of Lehman whistleblower.
March 15, 2010
One of the Korean-American community's more prominent banks says it might not pass regulatory muster.
Intrade gives it a 70 percent chance of passage. But it's bouncing around quite a bit....
To anyone who longs for the old days of polyester and "pretty 'lil things"...
The number of delinquency filings is way up, but the risk of default is at its lowest point in five years.
More than 200 of them, along with the mayor and other city officials, will be pushing an agenda today through Wednesday.
In case you missed it last night, his deconstruction of the subprime mess is well worth watching.
The airline has been a kind of renegade in offering free meals to coach customers, but that ends this fall.
Dodd pulls back on reform, small biz owners singing the blues, questions about Prius incident, and guys are overconfident on finance.
March 12, 2010
February was a strong month at the Port of Los Angeles, with overall container traffic up 27 percent from a year earlier.
Guess that federal regulators, Congress and every plaintiffs attorney known to mankind are not good enough.
Willy-nilly layoffs are clearly not the answer - actually, the process of who stays and goes is already turning into a joke.
Here's an inside look at how those deadly packages of bad real estate loans are now being bought and sold in the private market.
Most of the names have changed - the network was sold by Sheinhardt Wig Co. to the Philly-based Kabletown.
iPads go on sale, Disney junks mid-budget films, civil service hinders L.A. layoffs, and workers to shell out more on health care.
March 11, 2010
Demand was so strong for California's $2-billion tax-free bond offering that Treasurer Bill Lockyer upped it to $2.5 billion.
For anyone curious after this week's raid of a Santa Monica restaurant, whale meat is a little like reindeer or moose. What, that doesn't help?
Credit the Federal Reserve for rescuing the U.S. economy from the financial crisis.
February container traffic jumped almost 30 percent at the Long Beach, with inbound cargo especially strong.
The short answer is probably not. But that doesn't mean financial disaster is not possible.
Credit market thaws out, dip in CA foreclosures, pay hikes for some state workers, and Villaraigosa pitches subway plan.
March 10, 2010
L'Affaire Gundlach gets a pretty good going over in the new Fortune, including a blow-by-blow of his firing.
A potentially hopeful economic indicator: State revenues came in above projections for the third month in a row.
Boy, for a state that's supposedly on the verge of implosion, individual investors have been snapping up California's tax-free bond offering.
Blame it on the deep freeze down in Florida. Also look for some of the containers to get smaller.
It's easy to see how it would happen: Ad salespeople promising the moon and an editorial department that perhaps wasn't clued in.
Thirty states, including CA, saw their unemployment rates go up in January in a sobering but hardly surprising report.
Pop me a quick email (marklacter@aol.com) if you're interested in seeing Suze Orman at the Nokia Center this Sunday afternoon.
Toyota sales spike, Alarcon wants out of banks, little relief for CA policyholders, and CEO bonuses are down.
March 9, 2010
As if the Madoff victims haven't been taken quite badly enough, along comes some characters up to no good.
Check your credit card statements if you ate or parked your car at the downtown hotel between April 2009 and December 2009.
The Congressional Budget Office finds that they can actually help pump up the economy.
The betting markets are giving the president's health care package a better-than-even chance of getting through both houses.
Another reminder that I have four free tickets to her speaking gig at Club Nokia in downtown L.A. Let me know if you're interested.
43% -- The percentage of American workers who have less than $10,000 in retirement savings.
Labor picture stabilizes, Northrop's retreat could cost locally, Karatz trial gets started, and Caruso targets LAX.
March 8, 2010
A 42 percent jump in bank complaints to the Better Business Bureau is "a sign of the times."
So what would happen if the state could no longer pay its debts or borrow any more money?
... that screenwriter Mark Boal stood on street corners with his teenage nephew handing out free tickets.
So much for another showdown with Boeing for the massive contract to replace the Air Force fleet of refueling tankers.
She'll be speaking at Club Nokia in downtown L.A. this Sunday March 14. Let me know if you're interested.
More than one in four U.S. households were watching last night's telecast, which appears to be a jump from 2009.
Probably not in the theaters, but DVD sales for several of the nominated films will likely get a boost.
White House pushes short sales, women still trail in workplace, investor interest in state office buildings, and digital media beats out print.
March 6, 2010
The labor market is indeed stabilizing- unemployment, both nationally and locally, have peaked. But that's not the key question.
March 5, 2010
The CEO of L.A.-based Occidental Petroleum received $31.4 million in compensation last year.
Nearly 74,000 payroll jobs were lost between December and January, a huge dropoff that was seen in most segments of the economy
LegalZoom.com, Shopzilla.com and other Los Angeles-based Internet companies threatened to leave the city
businesses have learned to live with fewer workers, and so their hiring is likely to be a lot less robust than in the 50s, 60s and 70s.
January unemployment numbers were supposed to have been released this morning, but they're running into glitches.
That's right - a newspaper is actually adding to its print product.
The economy continues to be in a muddle - not quite a recession and quite a recovery,
Assessing employment report, theme parks inundated with job seekers, iPad hits stores on April 3, and gas prices shoot up.
No change in the jobless rate. But the last few months show an economy that's going nowhere fast.
March 4, 2010
Cool ad (especially for the stodgy book business), but aren't we getting a little tired of this vampire stuff?
UCLA study finds that consumers get turned off by wines that are identified as organic, even though they often rate higher than non-organic.
I realize that the guy doesn't want to waste campaign money so early in the process but those Meg Whitman's ads are just sooooooo lame.
Despite the recent negative press, it's still favored to take home the Best Picture Oscar.
Former Treasury Secretary Hank Paulson was sounding almost apologetic last night in praising George W. Bush's handling of the financial crisis.
The former heads of the development studio that worked on the popular videogame series allege they were fired over a royalty dispute.
U.S. companies flush with cash, Facebook in no rush for IPO, Pom Wonderful gets warning, and Palin pitching docudrama.
March 3, 2010
The first time Barbara Walters did her silly but eminently watchable Oscar thing - it was 1981 and she had...
California doesn't quite rank as the worst of both worlds, but the numbers are bad enough.
WSJ's David Wessel says the capital is taking on some of Sacramento's same dysfunctional features.
Yet another service disappears from what used to be the full-service department store.
It's Barack Obama, along with the last six presidents, and the subject is consumer protection. It's pretty funny - really.
There are 8 million stories in the Naked Corporation - and two of them are no longer with the Santa Monica-based videogame company.
New Toyota headache, CA not the highest bankruptcy state, weather eats into tomato supply, and Oscar balloting is over.
March 2, 2010
Kentucky's Jim "Mean 'Ol Man" Bunning ends his one-man blockade of emergency legislation to extend jobless benefits.
February sales translate to an adjusted annualized rate of 10.4 million vehicles, far below what a consumer-led recovery is supposed to look like.
Latest Field Poll: No to new taxes and no to messing around with the state constitution.
There's nothing all that new in Greuel's report, but it's another sobering picture of just how broke the city is and will continue to be.
The visuals were amazing, no question, but Best Picture? Please, please don't let it happen.
Looks like last month's snowstorms are going make a jumble out of the February employment report.
California has the seventh-highest energy costs in the nation, according to a study. Last year it was ranked 11th-highest.
GM sales are up, creditors take over Panavision, big jump in gas prices, and ABC in cable dispute.
March 1, 2010
Doesn't Sen. Jim Bunning remind you a little of Henry Potter in "It's a Wonderful Life"?
The disasters in Haiti and Chile make the perennial question all the more relevant - even if no one can offer absolute assurances.
The Oracle of Omaha prefers being interviewed on CNBC, probably because he gets to say whatever he wants.
Reporting two separate sets of employment data on the same day is bound to cause a little confusion.
Job benefits extension may get through, Buffett worries about health care, Calpers considers cutting rate of return, and Jay's back.
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