Los Angeles Business Journal back issues from April 1990:
There's a big battle in Stor at Ikea, which plans to spend $3 million on its L.A. entry. (Stor Furnishings International Inc.; Ikea, Swedish furniture retailer)
Apr 02, 1990; ... There's a big battle in stor at Ikea, which plans to spend $3 million on its L.A. entry Sometimes a new ad campaign is only a hint of the battle to come. An example is the recently launched television and radio campaign that the West Los Angeles office of Ketchum ...
Pasadena Star-News dumps once-heralded system for automating newspaper layout.
Apr 02, 1990; ... Pasadena Star-News dumps once-heralded system for automating newspaper layout The Pasadena Star-News made history in 1982 when it became the first newspaper in the world to begin using an automated system for laying out pages of the paper. The new technology was supposed to save ...
Shearson Lehman calls Arco a good buy. (Atlantic Richfield Co.)
Apr 02, 1990 ... Shearson Lehman calls Arco a good buy Likes long-term outlook Los Angeles oil giant Atlantic Richfield (Arco) remains a good way to drill for profits on Wall Street, according to a recent report issued by Shearson Lehman Hutton, the New York-based brokerage house. ...
Bateman rates MCA stock 'long-term hold'. (Bateman Eichler, Hill Richards Inc., Los Angeles brokerage house)
Apr 02, 1990 ... Bateman rates MCA stock `long-term hold' The stock of MCA Inc., the Universal City-based film and entertainment company, is worth watching, according to a recent report issued by Bateman Eichler, Hill Richards Inc., the downtown Los Angeles brokerage house. Bateman Eichler rates ...
Maguire Thomas, biggest L.A. developer, outlines strategy for staying on top in '90s. (Maguire Thomas Partners)
Apr 02, 1990; ... Maguire Thomas, biggest L.A. developer, outlines strategy for staying on top in '90s Maguire Thomas Partners is the largest commercial real estate developer in Los Angeles County, according to a Business Journal survey of developers. Maguire Thomas checked in this year ...
American Republic Bancorp. (People On the Move)
Apr 02, 1990 ... Thomas Malloy was elected chairman of the board of American Republic Bancorp and its subsidiary, Republic Bank. Malloy is president of Trench Shoring Co. of ...
Beverage Care of California. (People On the Move)
Apr 02, 1990 ... Edward Russell was elected president and chief operating officer of Beverage Care of California, a new beverage marketing company headquartered in Cerritos. Russell is a co-founder of the ...
Logicon Inc. (Contracts)
Apr 02, 1990 ... Parties: Logicon Inc., Los Angeles and the Federal Aviation Administration Value: $4 million Nature of contract: Logicon received a contract addition to modify the Tower Operator Training System, a simulator the FAA is going to use to train new air traffic controllers. Logicon was originally ...
Logicon Inc. (Contracts)
Apr 02, 1990 ... Parties: Logicon Inc., Los Angeles and the U.S. Defense Nuclear Agency Value: $14 million Nature of contract: Logicon has received two contracts for follow-on work related to enhancements to an Automated Target Tie-Up system for the U.S. Air Force Strategic Air Command and the Joint ...
PDA Engineering. (Contracts)
Apr 02, 1990 ... Parties: PDA Engineering, Costa Mesa and McDonnell Douglas, Cypress Value: NA Nature of contract: PDA and McDonnell Douglas have signed a contract to co-develop integrated design, analysis and manufacturing technology to be made ...
Beverly Enterprises Inc. (Securities)
Apr 02, 1990 ... Beverly Enterprises Inc. announced a public offering of 10 million shares of its common stock at $4.25 per share. The company said that it intends to used the proceeds to repay debt and satisfy obligations under its restructuring agreement. Merrill Lynch Capital Markets, Salomon Bros. Inc ....
Fortune Petroleum. (Securities)
Apr 02, 1990 ... Fortune Petroleum, based in Agoura Hills, announced the public offering of units that were previously only made available to shareholders. The units consists of three shares of common stock and a common stock purchase warrant and may be bought at a minimum of 10 units. Shareholders of ...
Litton Industries Inc. (Securities)
Apr 02, 1990 ... Litton Industries Inc. has authorized a new stock buyback program allowing up to 2.5 million shares of common stock to be repurchased from time to time. Litton recently ...
TransTechnology Corp. (Acquisitions and Mergers)
Apr 02, 1990 ... TransTechnology Corp. of Los Angeles has signed a definitive agreement for the disposition of its space ordnance systems division to ...
Bendix/King Air Transport Avionics Division of Allied-Signal Aerospace Co. (Contracts)
Apr 02, 1990 ... Parties: The Bendix/King Air Transport Avionics Division of Allied-Signal Aerospace Co., Torrance and Sabena, Belgium. Value: more than $3 million Nature of contract: Sabena selected the ...
Erly Industries Inc. (Mergers and Acquisitions)
Apr 02, 1990 ... Erly Industries Inc. of Los Angeles and American Rice Inc. of Houston announced that they have entered into a merger agreement with Comet Rice Inc., a Los Angeles-based subsidiary of Erly. The agreement calls for a merger between American Rice and Comet that would result in all of the assets ...
Falcon Cable Systems Co. (Mergers and Acquisition)
Apr 02, 1990 ... Falcon Cable Systems Co. announced the acquisition of various cable systems serving communities in and around Coos Bay, Ore. The systems were purchased from Warner Cable ...
Staar Surgical Co. (Mergers and Acquisition)
Apr 02, 1990 ... Staar Surgical Co. of Monrovia announced March 20 the closing of a previously outlined transaction with the Cooper Companies Inc. The transaction entailed the return back to Staar of its convertible debentures valuing $7.7 million (with accrued interest held by Cooper) in exchange for ...
Jacobs Engineering Group Inc. (Proxy Report Excerpts) (company profile)
Apr 02, 1990 ... Jacobs Engineering Group Inc.Pasadena-based Jacobs Engineering Group Inc. is a architectural engineering company with operations including facilities systems engineering, contract maintenance and ...
Suits challenge Fox TV station, threaten license. (Fox Television)
Apr 02, 1990; ... Suits challenge Fox TV station, threaten license Two lawsuits filed against Fox Television could jeopardize the emerging network's license to operate Los Angeles television station KTTV, Channel 11. Walt Disney's Buena Vista Television and Hispanic-owned Rainbow Broadcasting have ...
Northrop faces financial flak as cost-cutters prepare to blast B-2. (B-2 Stealth Bomber; includes related article on the financing of the B-2)
Apr 02, 1990; ... Northrop faces financial flak as cost-cutters prepare to blast B-2 Report expected to push for cuts in B-2 production Northrop Corp., the giant defense contractor entangled in legal problems, faces economic gloom from spending cutbacks being considered by U.S ....
Pay scale decreases threaten to drive out S&L examiner staff. (United States Office of Thrift Supervision; savings and loan examiners)
Apr 02, 1990; ... Pay scale decreases threaten to drive out S&L examiner staff The Office of Thrift Supervision (OTS) could face a hemorrhage of its best and brightest examiners in Southern California as it seeks to bring a uniform nationwide pay scale to its workers. "We haven't met ...
MGM/UA says to heck with movies, let's sell the company again. (MGM/UA Entertainment Co.; Pathe Communications Corp.)
Apr 02, 1990; ... MGM/UA says to heck with movies, let's sell the company again Company scraps plans to rebuild studio, entertains hefty bid from Italian financier MGM/UA, a company known for 20 years of management loop-the-loops since Kirk Kerkorian acquired controlling interest in ...
New heir apparent at Occidental doesn't pacify unhappy shareholders, analysts say. (Ray R. Irani; Occidental Petroleum Corp.)
Apr 02, 1990; ... New heir apparent at Occidental doesn't pacify unhappy shareholders, analysts say Ray Irani gets some ink, but investor suit remains The ushering in of Ray R. Irani as heir apparent to Armand Hammer's post as chairman and chief executive officer of Occidental ...
Teradata tops survey on hiring at high-tech firms. (database computer manufacture)
Apr 02, 1990 ... Teradata tops survey on hiring at high-tech firms Ashton-Tate Corp. registers biggest percentage drop A survey of hiring and layoffs at Los Angeles-area computer companies shows Teradata Corp. boosted its work force by 58 percent, the biggest percentage increase ...
Oil prices: four drops dampen producers' hopes. (price of crude oil produces in Los Angeles County)
Apr 02, 1990; ... Oil prices: Four drops dampen producers' hopes Gasoline demand, prices stay high despite crude slide Crude oil prices in Los Angeles County remain as slippery as the oil itself. The prices posted for crude oil produced in Los Angeles County slid another ...
Avery president sets July retirement date. (Richard J. Pearson; Avery International Corp.)
Apr 02, 1990 ... Avery president sets July retirement date Richard J. Pearson, the 64-year-old president and chief operating officer of $1.73 billion (sales) Avery International Corp., last week announced his retirement effective July 1 after more than 30 years with the manufacturer of labels and ...
Radisson Hotel signed first contract with union workers. (Hotel Employees and Restaurant Employees Union Local 814)
Apr 02, 1990 ... Radisson Hotel signed first contract with union workers SANTA MONICA -- Hotel Employees and Restaurant Employees Union Local 814 signed its first union contract with management of the Radisson Plaza Hotel on March 23, covering 300 workers of the Shearson Lehman Hutton Co.-owned ...
Owner of Hard Rock Cafe jump starts green bandwagon. (Peter Morton)
Apr 02, 1990 ... Owner of Hard Rock Cafe jump starts green bandwagon WEST HOLLYWOOD -- It's only rock'n'roll. And you may or may not like it. But few argue with the motives of Hard Rock Cafe owner Peter Morton, who will expand from the tourism and restaurant business into television production ...
Ashton-Tate Corp. released new utility software product. (Control Room utility software)
Apr 02, 1990 ... Ashton-Tate Corp. released new utility software product TORRANCE -- Ashton-Tate Corp. last week began shipping a new software program and agreed to market its desktop publishing product with the software of another company. Ashton-Tate's new product, Control Room, is ...
Committee named partner for Walt Disney Concert Hall hotel. (Walt Disney Concert Hall Committee; Gemtel Corp.)
Apr 02, 1990 ... Committee named partner for Walt Disney Concert Hall hotel DOWNTOWN, L.A. -- The Walt Disney Concert Hall Committee has selected the Los Angeles-based Gemtel Corp. to join it in submitting a proposal to Los Angeles County to development of a luxury hotel on the site of the Walt ...
Editor helps launch new aviation weekly for Knight-Ridder. (Laurie Brannen; Runways, periodical)
Apr 02, 1990; ... Editor helps launch new aviation weekly for Knight-Ridder Laurie Brannen, former editor at Plaza Communications in Irvine, has been named executive editor of Runways, Southern California's new aviation weekly. The 43-year-old journalist began her new duties last week. ...
Mosfilm. (Soviet film studio)
Apr 02, 1990 ... The latest in the consumer "green" movement?: Gilda Marx of Los Angeles-based clothing manufacturer Gilda Marx Industries Inc., has announced that prints on her summer 1990 line of exercise wear will be based on ...
Computer network firm enlists Xerox executive. (Advanced Software Technologies Inc.; Robert V. Adams)
Apr 02, 1990; ... Computer network firm enlists Xerox executive Company says move provides boost for image, future Advanced Software Technologies Inc., an El Segundo-based computer software company, last week named the president and chief executive officer of Xerox Technology ...
Not just by the numbers. (Avedick Baruyr Poladian) (Profile)
Apr 02, 1990; ... Not just by the numbersMaking it to the top of a Big Six accounting firm takes more than a nimbleness with numbers. Dick Poladian's deft touch with tough customers has helped propel him to the top ranks at a tender age By any measure, but especially in public accounting ...
Would-be buyer of MGM attempts to sell Spanish concern to help finance purchase. (Giancarlo Parretti)
Apr 02, 1990; ... Would-be buyer of MGM attempts to sell Spanish concern to help finance purchase Bidder Giancarlo Parretti has announced no funding A key asset in the Giancarlo Parretti empire -- one that may be sold to help pay for the MGM purchase -- is a Spanish real estate ...
Insiders buy heavily at First Interstate. (First Interstate Bancorp)
Apr 02, 1990 ... Insiders buy heavily at First Interstate Directors and officers of First Interstate Bancorp have recently embarked on a mini-buying spree of the company's stock, prompting speculation the stock may be headed for a rebound because insider buying is often considered a harbinger of ...
Metrobank of Los Angeles. (People On the Move)
Apr 09, 1990 ... Metrobank of Los AngelesRobert Bulseco, president and chief administrative officer of Metrobank of Los Angeles, was appointed the managing executive of the company's administrative division. In his new duties, Bulseco will assume responsibilities for the company's divisions of ...
Redevelopment agency stalls at crucial hotel site. (Los Angeles Community Redevelopment Agency fails to approve building of Pacific Basin Plaza by Calmark Holding Co.)
Apr 09, 1990; ... Redevelopment agency stalls at crucial hotel site Calmark Holding Co., the Westside real estate development company owned by Uri Sheinbaum, has apparently failed in its bid to win government approval to build the $450 million Pacific Basin Plaza hotel-office complex in downtown ...
Swedes smell success: Ikea plans to challenge Stor furniture stores. (Ikea U.S. Inc. to compete against Stor Furnishings International Inc.)
Apr 09, 1990; ... Swedes smell success: Ikea plans to challenge Stor furniture stores The battle between City of Industry-based Stor Furnishings International Inc. and Plymouth Meeting, Pa.-based Ikea U.S. Inc., a fight once waged only in the courtroom, will be realized at Southern California cash ...
L.A. software firm is first to establish Soviet Union office. (Nantucket Corp. opens distributor in Soviet Union)
Apr 09, 1990; ... L.A. software firm is first to establish Soviet Union office Nantucket Corp., a Los Angeles-based computer software company, has opened an office in the Soviet Union, the company announced last week. "There are other American software companies that are selling products ...
Talk is not cheap in this business. (speakers receiving high appearance fees)
Apr 09, 1990; ... Talk is not cheap in this business Your sales force is burned out, and sales are lagging projections by a mile. Cold sweat trickles down your brow as you realize the final quarter of the fiscal year has begun. More than a few local sales managers are facing similar ...
Thrift officials face added liability after feds take over S & Ls. (Federal Deposit Insurance Corp. asserts management of insolvent savings and loans liable for losses)
Apr 09, 1990; ... Thrift official face added liability after feds take over S&Ls Executives and board members of insolvent savings and loans may be liable for millions of dollars in losses incurred after their thrifts are seized by regulators, the Federal Deposits Insurance Corp. has argued in ...
Santa Anita's realty trust remains a front-runner. (Santa Anita Cos. stock price future is strong) (company profile)
Apr 09, 1990; ... Santa Anita's reality trust remains a front-runner Shares of the Santa Anita Companies stumbled last month as the public lost some of its faith in in self-administered, equity-oriented real estate investment trusts (REITs). But the Santa Anita Co.'s stock is running on strong ...
Ad revenues climb 82 percent in quarter at Business Journal; page count doubles. (Los Angeles Business Journal)
Apr 09, 1990 ... Ad revenues climb 82 percent in quarter at Business Journal; page count doubles Advertising revenues at the Los Angeles Business Journal increased by 82 percent for the first quarter of 1990 compared with figures for the same quarter a year ago, according to a report released by ...
Long-time Adweek editor resigns; A/S/M parent firm, cuts staff, nine publications. (Maryanne McNellis; A/S/M Communications Inc.)
Apr 09, 1990; ... Long-time Adweek editor resigns; A/S/M, parent firm, cuts staff, nine publications Maryanne McNellis, editor of Adweek magazine's Los Angeles-based western edition for more than five years, has left the weekly advertising trade publication to take a job as editor of The Financial ...
Teradata, NCR enter venture to develop a computer '100 times faster' than IBM's. (Teradata Corp; NCR Corp.)
Apr 09, 1990; ... Teradata, NCR enter venture to develop a computer `100 times faster' than IBM's Teradata Corp. of Los Angeles, a data-base computer manufacturer, last week signed an agreement with NCR Corp. of Dayton, Ohio to jointly develop a general purpose computer the companies believe can be ...
Joint venture formed by Biltmore owners plans nine U.S. and international resorts. (IDG Development Corp. and TSA International starting hotel holding company)
Apr 09, 1990; ... Joint venture formed by Biltmore owners plans nine U.S. and international resorts A new Los Angeles-based hotel development and management company with plans to acquire and build nine U.S. and international properties this year has been formed by a joint venture between ...
California economy has strength to endure defense cuts: UCLA reports economy is slowing but still healthy.
Apr 09, 1990; ... California economy has strength to endure defense industry cuts Despite looming defense cuts, the California economy has enough muscle to shrug off any threat of recession this year and will continue to outpace the rest of the United States, according to a study released late last ...
Black business chief ushers in change. (Ivan James Houston, chairman of Golden State Mutual Life Insurance Co.)
Apr 09, 1990; ... Black business chief ushers in change Times change, and "we're changing" with them, declares Ivan James Houston, 64, chairman and chief executive officer of what may be the largest black-owned company based in Los Angeles. The $114 million-assets Golden State Mutual ...
Dispute erupts in plan to close Oscar Mayer plant. (Rep. Matthew G. Martinez, workers attempting to stop plant closure)
Apr 09, 1990; ... Dispute erupts in plan to close Oscar Mayer plant The shutdown of Oscar Mayer's 40-year-old meat-processing plant in Vernon this fall has already put the company in the political grinder with one local congressman. Union leaders warn the decision to lay off more than 500 workers ...
J2 Communications earns higher profit. (company profile)
Apr 09, 1990 ... J2 Communications earns higher profit The company that intends to acquire National Lampoon, West Los Angeles-based J2 Communications, reported profits of $123,531 (6 cents a share) on revenues of $1.7 million for the second quarter ending Jan. 31. the results compare with revenues ...
A big byte of success. (Kenneth W. Simonds turns Teradata Corp. to profitability)
Apr 09, 1990; ... A big byte of success After Kenneth Simonds graduated from East Tennessee State University, he began his intended career as a football coach and school teacher at a time when IBM Corp. was "hiring anybody who could walk and chew gum." So Simonds, disappointed with ...
Government loses nerve in effort to force Occidental unit to sell poisonous chemical. (Occidental Petroleum Corp. refuses to sell nerve gas component)
Apr 09, 1990; ... Government loses nerve in effort to force Occidental unit to sell poisonous chemical Government efforts to force a unit of Occidental Petroleum Corp. to sell a vital nerve-gas chemical to the Defense Department have been called off for now, officials said last week. ...
Ahmanson stock remains 'most attractive' purchase, brokerage house report advises. (Bear, Stearns, & Co. high on H.F. Ahmanson stock)
Apr 09, 1990 ... Ahmanson stock remains `most attractive' purchase, brokerage house report advises The stock of Los Angeles-based thrift H.F. Ahmanson "remains one of the most attractive [stocks] of the major California S&Ls," advised Bear, Stearns & Co., the New York-based brokerage house, in a ...
Live Entertainment books insurance pay. (Live Entertainment Inc. receives insurance payment for death of former chairman Jose E. Mendez)
Apr 09, 1990 ... Live Entertainment books insurance pay Live Entertainment Inc. received $6.2 million, principally the payoff of a keyman life insurance policy covering Jose E. Menendez, the former Live chairman who was murdered in his Beverly Hills home Aug. 20. The life insurance policy payment ...
Avery stock should be sold, broker says. (Dean Witter Financial Services Inc. advises selling Avery International Inc. stock)
Apr 09, 1990 ... Avery stock should be sold, broker says The stock of Avery International Inc., the Pasadena-based label and adhesive manufacturer, should be sold, said Dean Witter, the New York-based brokerage house, in an investment report released last week. Avery's earnings have ...
Mayors cite need to cooperate as projects increasingly affect adjacent municipalities. (Five Los Angeles area mayors hold public meeting)
Apr 09, 1990; ... Mayors cite need to cooperate as projects increasingly affect adjacent municipalities Five mayors addressed Westside developers last week at the Century Plaza Hotel, and hammered on the need for regional planning and cooperation. "The days of free-wheeling development ...
Japanese and American partnership starts construction of $90 million Westside hotel. (Beverly Park Associates L.P. to build hotel in West Los Angeles)
Apr 09, 1990; ... Japanese and American partnership starts construction of $90 million Westside hotel A limited partnership of American and Japanese companies calling itself Beverly Park Associates L.P. has broken ground on a $90 million luxury hotel at 455 La Cienega Blvd. in West Los Angeles. ...
Contenders battle for Tinseltown mantle. (entertainment industry no longer exclusively centered in Hollywood, CA) (Special Report: Entertainment)
Apr 09, 1990; ... Contenders battle for Tinseltown mantle The legendary sign still hovers in the nearby hills, but the glamour of Hollywood long ago faded. Now three regional contenders are fighting a pitched battle for the honor of donning the fallen mantle of entertainment industry king. Century ...
Independent record companies flourish by staying ahead of the beat of music's pulse. (Special Report: Entertainment)
Apr 09, 1990; ... Independent record companies flourish by staying ahead of the beat of music's pulse Rap music albums that have achieved double-platinum hit status are proving independent record labels can profitably groove by discovering unusual performers and make them pop chart stars. ...
L.A. entrepreneurs translate glasnost into profits. (Sally A. Miller and Gloria Zimmerman are among first to sell entertainment services in Soviet Union)
Apr 09, 1990; ... L.A. entrepreneurs translate glasnost into profits Entertainment companies across the globe are now clamoring to capitalize on communism's decline and the Soviet Union's urgent need for hard currency, but two Los Angeles businesswomen are reaping the benefits of their foresight in ...
Independent record outlets put a spin on profits by mining diverse customer tastes. (staying profitable by filling market niches such as foreign language recordings) (Special Report: Entertainment)
Apr 09, 1990; ... Independent record outlets put a spin on profits by mining diverse customer tastes No matter what your musical preference, you can satisfy it in Los Angeles. The chains - Music Plus, The Wherehouse, Tower Records - supply the mass market for new recordings. The independent record ...
Small stages face new challenges drawing audiences in the shadows of media giants. (small theater productions in Los Angeles) (Special Report: Entertainment)
Apr 09, 1990; ... Small stages face new challenges drawing audiences in the shadows of media giants In the shadow of the gigantic film and television industries, the reviews for small theater in Los Angeles are mixed. While targeting specialized audiences has yielded sellout crowds for some theater ...
Entertainment ink spreads coverage beyond the trades as papers prosper enticing readers. (Entertainment-oriented newspapers in Los Angeles making profits despite competitive market) (Special Report: Entertainment)
Apr 09, 1990; ... Entertainment ink spreads coverage beyond the trades as papers prosper enticing readers In what many consider the nation's largest entertainment community, competition is stiff for both trade and consumer-oriented newspapers. But that has not stopped them from proliferating ...