Los Angeles Business Journal back issues from September 1991:
Scientologists emerge as creators of mystery-shrouded movie firm. (Church of Scientology members run Future Films) (company profile)
Sep 02, 1991; ... Scientologists emerge as creators of mystery-shrouded movie firm Is it just a movie company, this one owned and run by members of a controversial church? Or is it a front? Future Films, the mysterious movie company that arrived in Burbank and in Garland, Texas, last ...
Woes at City National echo widening problems in L.A.; dud loans burden weighs heavily on banking firms. (company profile)
Sep 02, 1991; ... Woes at City National echo widening problems in L.A. At least four major Southland financial institutions are suffering the same deterioration in assets that prompted Beverly Hills-based City National Corp. to announce last week that it will not pay a quarterly dividend for the ...
Producers drool over dual-sales to TV, cable nets: they may recoup costs quicker by selling to 2 outlets. (Stephen J. Cannell Productions Inc. sells first-run rights to CBS Inc. and USA Network)
Sep 02, 1991; ... Producers drool over dual-sales to TV, cable nets By selling first-run television shows to more than one broadcast or cable network at a time, producers may be able to sell some programs that might not have left the studio vault otherwise, as well as recoup some of their invested ...
Battling baldness becomes behemoth business. (hair business in Los Angeles)
Sep 02, 1991; ... Battling baldness becomes behemoth business On the television show "Cheers," playboy-bartender Sam Malone's most prized possessions, in no particular order, are his hair, manhood and Corvette. About a year ago Ted Danson, the actor who plays Sam, went public with the ...
Newton-John's bid for Koala name flops; judge rejects singer's offer for failed firm's trademark. (Olivia Newton-John fails to buy back her Koala Blue trademark from Koala Blue Inc.)
Sep 02, 1991; ... Newton-John's bid for Koala name flops A move by singer-actress Olivia Newton-John, 42, to buy back her Koala Blue trademark from Koala Blue Inc. has been quashed by U.S. Bankruptcy Court Judge Kathleen March. Newton-John's Koala Blue, a Van Nuys-based women's clothing ...
Going, going ... retailer plans big auction for small computers. (ComputerLand InfoSystems becomes largest local computer dealer) (company profile)
Sep 02, 1991; ... Going, going . . . Retailer plans big auction for small computers Amid industry turmoil and a deep slump in retail prices, Torrance-based ComputerLand InfoSystems has bought and merged with rival firms this year to become the largest local dealer of computer equipment. ...
More cuts may be coming at L.A. Times; sources say job-scrapping may top the announced 300. (Times Mirror Co. looks for more ways to cut payroll expenses aside from early retirement incentives offerred to 300 employees)
Sep 02, 1991; ... More cuts may be coming at L.A. Times As the Los Angeles Times announced last week that it is offering early retirement incentive plans to up to 300 employees, as part of its overall cost-cutting plan, sources said the paper hopes to eliminate hundreds more jobs through attrition ...
Small bank boosts bonds-loss reserves. (Home Bank of Signal Hill triples reserves as protection against possible devaluation of Executive Life Insurance Co. bonds)
Sep 02, 1991; ... Small bank boosts bonds-loss reserves Home Bank of Signal Hill last week tripled its reserve for a possible decline in the value of municipal bond securities it bought from seized Executive Life Insurance Co. The bank increased the reserve to $6.36 million from $2.2 ...
Teledyne will overhaul operations to bring company out of tailspin. (company profile)
Sep 02, 1991; ... Teledyne will overhaul operations to bring company out of tailspin Teledyne Inc.'s announcement that it will restructure by selling or abandoning up to 15 percent of its assets is overdue and should help the company regain some of the strength it had in the early and mid-1980s, ...
Defense stocks expected to stay grounded: but analysts smile on outlook for Lockheed, Logicon.
Sep 02, 1991; ... Defense stocks expected to stay grounded Los Angeles County-based defense companies' stocks, which have been trading at or near their 52-week highs, may be starting on a long downward slide and could be underperformers on the New York Stock Exchange for some time, industry ...
Path finally cleared for Hollywood's redevelopment plan.
Sep 02, 1991; ... Path finally cleared for Hollywood's redevelopment plan It took years of court battles, more than $1 million in legal costs and rounds of political finger pointing, but the controversial Hollywood Redevelopment Plan finally has been cleared to move forward. Delivering ...
Privatized Mexican bank eyes Southland. (Banco Nacional de Mexico to expand operations in California) (company profile)
Sep 02, 1991; ... Privatized Mexican bank eyes Southland The proclamation by the new owner of Mexico's largest bank that he will aggressively pursue the business of Hispanic depositors and borrowers in the United States may only be the first sally in a battle for the allegiance of the state's ...
Utilities announce plans for 'most advanced' energy plant. (Southern California Edison Co. and Los Angeles Department of Water and Power to build solar energy plant)
Sep 02, 1991 ... Utilities announce plans for |most advanced' energy plant Two Los Angeles-area power utilities Aug. 28 announced plans to build what they dubbed the "most advanced" solar energy plant in the world in the Mojave Desert. Southern California Edison Co. and Los Angeles ...
Rockwell announces finish of division sale to France's Alcatel. (Rockwell International Corp. sells Network Transmission Systems Division)
Sep 02, 1991 ... Rockwell announces finish of division sale to France's Alcatel El Segundo-based Rockwell International Corp. said Aug. 28 it had completed the previously announced sale of its Network Transmission Systems Division to French communications concern Alcatel for $625 million in cash ...
Commerce Department fines L.A. company for boycott compliance. (L and W Equipment Corp. fined for complying with Arab League economic boycott of the State of Israel)
Sep 02, 1991 ... Commerce Department fines L.A. company for boycott compliance The U.S. Commerce Department has imposed but suspended a $33,000 fine against Los Angeles-based L&W Equipment Corp., an export trading company, for complying with the Arab League economic boycott of the State of Israel ....
McDonnell Douglas founder's son plans $20 million stock sale. (James Smith McDonnell to sell 1 percent of common stock)
Sep 02, 1991 ... McDonnell Douglas founder's son plans $20 millon stock sale The oldest son of McDonnell Douglas Corp. founder James Smith McDonnell plans to sell about $20 million of McDonnell Douglas stock, or about 1 percent of the common stock, a company spokeswoman confirmed last week. ...
NLRB says Daily News must pay raises withheld in union dispute. (National Labor Relations Board)
Sep 02, 1991 ... NLRB says Daily News must pay raises withheld in union dispute The National Labor Relations Board has ruled that the Woodland Hills-based Daily News newspaper must pay annual raises previously withheld from about 200 past and current employees in a union organizing dispute. ...
New commercial bank opens to serve business in Tri-Cities. (Verdugo Banking Co. to service Los Angeles County's Tri-Cities area)
Sep 02, 1991 ... New commercial bank opens to serve business in Tri-Cities Verdugo Banking Co., a new commercial bank which will serve professionals, service companies and small busineses in Los Angeles County's Tri-Cities area, recently opened its doors. The Glendale-based bank was ...
L.A. officials seek meeting with GM chief to rescue doomed Southland auto facility. (General Motors Corp.'s Robert Stempel asked to reconsider closing down Van Nuys plant in Southern California)
Sep 02, 1991; ... L.A. officials seek meeting with GM chief to rescue doomed Southland auto facility A coalition of Los Angeles officials, hoping that General Motors Corp. might reconsider plans to close Southern California's last major autombile plant, are pushing for a summit meeting of sorts ...
Could Security Pacific loan woes endanger its BofA merger deal? (BankAmerica Corp. deal threatened by weakening loan portfolios)
Sep 02, 1991; ... Could Security Pacific loan woes endanger its BofA merger deal? The recently announced merger of Los Angeles-based Security Pacific Corp. and San Francisco-based BankAmerica Corp. could be jeopardized if Security Pacific's loan portfolio continues to weaken, one West Coast bank ...
He's redevoloping the CRA: Ed Avila brings a new management style to the often-controversial Community Redevelopment Agency. (includes brief biographical data on Ed Avila)(Profile)
Sep 02, 1991; ... He's redeveloping the CRA In a city where redevelopment is often a contact sport, where pockets of dizzying wealth and Third World-like conditions clash and coexist, Ed Avila is still learning the language of urban renewal, Los Angeles style. Seven months after Mayor ...
Chicago Seven radical skips N.Y., will try his entrepreneurial hand on the Left Coast. (Jerry Rubin creates his own network)
Sep 02, 1991; ... Chicago Seven radical skips N.Y., will try his entrepreneurial hand on the Left Coast He first made a name for himself in the Midwest as one of the so-called Chicago Seven, a group of radicals who were convicted of inciting a riot at the Democratic National Convention in 1968. ...
Former Hollywood chamber president takes on the public affairs of building Metro Rail. (Larry Kaplan now in charge of public affairs at Parsons Brinckerhoff Quade and Douglas Inc.)
Sep 02, 1991; ... Former Hollywood chamber president takes on the public affairs of building Metro Rail After spending 18 months as president of the dicey Hollywood Chamber of Commerce, Larry Kaplan is now "getting down to earth." Kaplan, 38, has been hired for a newly created public ...
The money's in the mail, thanks to recent acquisition by local mail-sorting service. (Illona Miller expands Mailsort Inc. by acquiring First Class Mailing)
Sep 02, 1991; ... The money's in the mail, thanks to recent acquisition by local mail-sorting service One of the largest women-owned businesses in L.A. County, City of Industry-based Mailsort Inc., has grown even larger, Founder Illona Miller has recently bought First Class Mailing, adding 20 ...
Vernon Sorensen. (named president and chief executive officer of Burbank National Bank)(Banking/Financial Services)
Sep 02, 1991 ... Vernon SorensenVernon Sorensen was named president and chief executive officer of Burbank ...
Barry Freeman. (named partner in Morgan, Lewis and Bockius law firm)(Law)
Sep 02, 1991 ... Barry FreemanBarry Freeman joined Morgan, Lewis & Bockius in Los Angeles as a partner in the firm's business ...
Lockheed to pay $62 million for clean-up. (aircraft manufacturer agrees to U.S. Environmental Protection Agency's terms to clean-up contaminated ground water supply, build and operate a water-treatment plant)
Sep 02, 1991; ... Lockheed to pay $62 million for clean-up Calabasas-based Lockheed Corp. has formally agreed to pay $62 million to clean up solvents that leaked into Burbank's ground water supply. Under terms of the agreement with the U.S. Environmental Protection Agency, Lockheed will ...
L'Ermitage Hotel of Beverly Hills is heading for the auction block.
Sep 02, 1991; ... L'Ermitage Hotel of Beverly Hills is heading for the auction block L'Ermitage Hotel, one of the most luxurious properties in Beverly Hills, has been scheduled to be auctioned off this week at a foreclosure sale in Glendale. A minimum bid of $40.1 million has been set ...
Other dailies lag as big papers get bigger; smaller papers lose ground to foreign-language ones. (circulations statistics for Los Angeles newspapers)
Sep 02, 1991; ... Other dailies lag as big papers get bigger The Los Angeles Times, the nationwide newspaper based in Los Angeles, and the Daily News of the San Fernando Valley, the second largest paper in the county, are continuing to gain readers, while circulation is falling at the smaller ...
CalMat Co. (Dividends)
Sep 02, 1991 ... CalMat Co.Los Angeles-based CalMat Co. declared a dividend of 16 cents per ...
Countrywide Credit Industries Inc. (Dividends)
Sep 02, 1991 ... Countrywide Credit Industries Inc.Pasadena-based Countrywide Credit Industries Inc. declared a dividend of 59 ...
Farmer Bros. Co. (Dividends)
Sep 02, 1991 ... Farmer Bros. Co.Torrance-based Farmer Bros. Co. declared a dividend of 40 cents per ...
The Acer Group. (company profile)
Sep 02, 1991 ... THE ACER GROUP Founded in 1976 in Taiwan, The Acer Group has become one of the world's largest microcomputer manufacturers and one of the top OEM suppliers. A global company with facilities in more than 70 countries, Acer's R&D, engineering, manufacturing and marketing operations ...
Worldport LA. (company profile)
Sep 02, 1991; ... WORLDPORT LA In professional sports, the greatest teams have the ability to blend their special talents and perform successfully at the highest level of competition. In the fiercely competitive port business, WORLDPORT LA has assembled a "team" devoted to excellence in customer ...
Douglas Aircraft. (McDonnell Douglas' Douglas Aircraft Company Division) (company profile)
Sep 02, 1991 ... DOUGLAS AIRCRAFT With the main plant in Long Beach, major facilities in Torrance and Carson and offices in Lakewood and Cypress, the Douglas Aircraft Company Division of McDonnell Douglas puts muscle in Los Angeles County's leadership in world aviation and aerospace. ...
Swissair. (company profile)
Sep 02, 1991 ... SWISSAIREffective October 27, 1991 Swissair introduces MD-11 service between Los Angeles and Switzerland. This new technologically advanced tri-jet has an expansive wing design resulting in fuel efficiency. Further, a newly constructed seat in economy and six-abreast seating in ...
IDM Corporation. (company profile)
Sep 02, 1991 ... IDM CORPORATION IDM Corporation's development experience includes apartment communities, shopping centers, hotels and office buildings. Since 1969, the company has had a total of 74 Southern California properties in development, representing more than 12.6 million square feet and ...
Development enhances the Long Beach Attraction. (includes related article)
Sep 02, 1991 ... Development Enhances the Long Beach Attraction Office, residential and hotel development have moved Long Beach to the forefront of Southern California's premier business destinations. Substantial private investment, twenty years of redevelopment, and public support have made Long ...
World Trade Center in Long Beach: its secret to success.
Sep 02, 1991 ... World Trade Center in Long Beach The Greater Los Angeles World Trade Center has become the definitive business location for Southern California. The concept began over six years ago when IDM Corporation had envisioned a development that would include an "array of ...
Worldport LA. (company profile)
Sep 02, 1991 ... WORLDPORT L.A. Viewed from the air, WORLDPORT LA appears as a large, quiet waterfront development occupied by tall container cranes, colorful cargo containers and slow-moving ships, trucks and trains. At ground level, however, one realizes that an aerial view of the ...
Haseko. (Haseko California Inc.) (Company Profile)
Sep 02, 1991 ... HASEKO Haseko (California), Inc. Haseko (California), Inc. is a developer of prime residential real estate and is active in the acquisition and management of select residential and commercial properties, most notably our flagship building, the Los Angeles World Trade Center. We ...
Lanier Worldwide, Inc. (company profile)
Sep 02, 1991 ... LANIER WORLDWIDE, INC. Lanier Worldwide, Inc., is a wholly owned subsidiary of Harris Corporation. The $1 billion Atlanta-based company globally markets and services a sophisticated line of office equipment and business communications products. These include; copying systems, ...
Los Angeles International Airport. (company profile)
Sep 02, 1991 ... LOS ANGELES INTERNATIONAL AIRPORT Los Angeles International Airport (LAX) is the second busiest cargo airport in the United States, handling 1.3 million tons of origin and destination air cargo in 1990. LAX offers two big benefits - an impressive collection of handling facilities ...
The City of San Bernardino Economic Development Agency. (company profile)
Sep 02, 1991 ... THE CITY OF SAN BERNARDINO ECONOMIC DEVELOPMENT AGENCY As economic considerations force development eastward from Los Angeles and Orange counties, San Bernardino is prepared to meet the challenge of managing a growing population and economic base, while providing a quality of life ...
Burson-Marsteller. (company profile)
Sep 02, 1991 ... BURSON-MARSTELLER Burson-Marsteller is an international counseling and communications firm dedicated to making a significant difference in helping clients achieve their goals. Our 62 offices in 28 countries are linked together electronically and philosophically to deliver a single ...
Stevedoring Services of America. (company profile)
Sep 02, 1991 ... STEVEDORING SERVICES OF AMERICA Stevedoring Services of America (SSA) is one of the largest terminal operating and stevedoring companies in the United States. Their operations span all of the U.S. West Coast and encompasses the entire South Atlantic Region. As a ...
Toyota Motor Sales, U.S.A., Inc.: in shape for globalization. (company profile)
Sep 02, 1991 ... TOYOTA MOTOR SALES, U.S.A., INC.: IN SHAPE FOR GLOBALIZATION In the competitive global automotive industry of the 1990's, Toyota is among the strongest of companies, providing customers the best possible vehicles and satisfaction. From its Torrance, California ...
Northwest Airlines. (company profile)
Sep 02, 1991 ... NORTHWEST AIRLINESNorthwest Airlines is a key part of establishing Los Angeles as a premier city in which to conduct international business. Northwest provides non-stop jet service to a variety of destinations in the United States and Asia from its West Coast gateWay at Los ...
The Port of Long Beach. (company profile)
Sep 02, 1991 ... THE PORT OF LONG BEACH There is no port in the world that offers more to so many people than the Port of Long Beach. Through the years the Port has established itself as a progressive trendsetter. Long Beach gained recognition not only for engineering excellence, but became the ...
Turner Broadcasting joins race to capitalize on the animation craze. (Turner Broadcasting System Inc. to buy Hanna-Barbera Productions)
Sep 09, 1991; ... Turner Broadcasting joins race to capitalize on the animation craze Turner Broadcasting System Inc. signed a letter of intent last week to buy Hanna-Barbera Productions, the latest development in an industry where production companies are racing like the Road Runner to make ...
Property foreclosures soar to benumbing $250 million.
Sep 09, 1991; ... Property foreclosures soar to benumbing $250 million Property foreclosures in Los Angeles County, which have been steadily climbing in recent months, jumped to stratospheric heights in July, according to statistics released last week by TRW REDI Property Data. Lenders ...
Quarterdeck's shares skyrocket since June debut. (Quarterdeck Office Systems)
Sep 09, 1991; ... Quarterdeck's shares skyrocket since June debut Quarterdeck Office Systems has proven a roaring success on Wall Street. It may be the hottest high-tech concern in the nation to go public recently. Shares of the Santa Monica computer-software concern have doubled in ...
First Interstate nears more big writeoffs. (First Interstate Bancorp's bad loan changes)
Sep 09, 1991; ... First Interstate nears more big writeoffs Hammered by soured investments in Southern California real estate, First Interstate Bancorp is bracing to announce another round of huge loan writeoffs, as well as a large number of worker layoffs, according to a management source at the ...
Prime Ticket seeks pay-per-view rights to Kings, Lakers' games.
Sep 09, 1991; ... Prime Ticket seeks pay-per-view rights to Kings, Lakers' games Prime Ticket, the locally based cable channel, is currently negotiating with at least two of the city's professional sports teams to broadcast some of their games on a pay-per-view basis, which some see as the next ...
CRA to let builders purchase 'air rights.' (Los Angeles Community Redevelopment Agency will charge developers $35 a square foot for every additional space they seek for their projects)
Sep 09, 1991; ... CRA to let builders purchase |air rights' The Los Angeles Community Redevelopment Agency last week approved a long-delayed policy enabling downtown developers to buy so-called "air rights" through a commodity-style exchange. Under the policy, first proposed in 1988, the ...
Westar to purchase solar cell company. (Westar Capital; Applied Solar Energy Corp.)
Sep 09, 1991; ... Westar to purchase solar cell company Applied Solar Energy Corp. of City of Industry recently announced it joined with its major shareholder, American Cyanamid Co., to accept a $23.5 million acquisition offer from Westar Capital. Applied Solar builds solar cells that ...
Local magazines founder on advertising slump.
Sep 09, 1991; ... Local magazines founder on advertising slump September is shaping up to be a month of major changes in Los Angeles area magazine publishing, with some mainstays biting the dust and more narrowly focused periodicals taking their place. The magazine business is not ...
Disney buying Discover magazine. (Walt Disney Co.)
Sep 09, 1991; ... Disney buying Discover magazine Burbank-based Walt Disney Co. announced last week that it is purchasing Discover magazine from Family Media Inc. of New York, which closed down its seven magazines and went out of business a month ago. The purchase price was not ...
New law to scrap tax on free newspapers.
Sep 09, 1991; ... New law to scrap tax on free newspapers A bill eliminating the new printing tax imposed on free-circulation newspapers in California is expected to be approved by state legislators and signed by Gov. Pete Wilson this week, said Fred Silva, budget director for Senate President ...
Exodus begins at Security Pacific, B of A. (top executives leave Security Pacific Corp. and BankAmerica Corp.)
Sep 09, 1991; ... Exodus begins at Security Pacific, B of A The bloodletting has begun at merging banking giants BankAmerica Corp. and Security Pacific Corp., with seven of the banks' top executives confirmed by industry sources to be leaving the institutions. While the moves have not ...
Why biotech business is bypassing L.A. (biotechnology companies set up facilities outside Los Angeles County)
Sep 09, 1991; ... Why biotech business is bypassing L.A. Los Angeles is missing the biotech train. In the 18 years since DNA was first spliced, no major biotechnology company has set up headquarters in L.A. County. While scientists and investors point to a lack of ...
Broker searching for growth in Orange County. (James Travers of Travers Realty Corp. sets up new office in Orange County)
Sep 09, 1991; ... Broker searching for growth in Orange County James Travers, the Los Angeles-based commercial real estate broker known for bagging big deals, has added an Orange County address to his firm Travers Realty Corp. Within recent months Travers, whose brokerage firm represents ...
NASDAQ grants Acqua Group exemption to continue trading. (National Association of Securities Dealers)
Sep 09, 1991 ... NASDAQ grants Acqua Group exemption to continue trading The Van Nuys-based Acqua Group Inc., an assembler, marketer and distributor of bottleless water coolers for businesses, announced last week that its stock will continue to trade on the NASDAQ system after a temporary ...
Hilton plans to spend $45 million upgrading guest room phones. (Hilton Hotels Corp.)
Sep 09, 1991 ... Hilton plans to spend $45 million upgrading guest room phones Beverly Hills-based Hilton Hotels Corp. said it will spend $45 million in the next three years for a new phone system for guest rooms at 50 of its hotels in the United States. The new system includes many of ...
Vons agrees to acquire Williams Bros. grocery chain. (Vons Cos. Inc.)
Sep 09, 1991 ... Vons agrees to acquire Williams Bros. grocery chain Vons Cos. Inc. has agreed to buy the Santa Maria-based Williams Bros. grocery chain, Vons officials announced last week. Following completion of the transaction, Vons intends to continue to ...