Los Angeles Business Journal back issues from September 1993:
Judge slams into Murphy firm as a 'ponzi scheme.' (American Capital Investments Inc.)
Sep 06, 1993; ... A federal judge last week issued a temporary restraining order barring American Capital Investments Inc. and its officers, including homeless advocate Stephen J. Murphy, from engaging in what regulators called a "fraudulent ponzi-like scheme" to raise million of dollars by selling ...
Airlines' dogfight with LAX costs city $4 million a month. (Los Angeles, California. Department of Airports)
Sep 06, 1993; ... User-fee spat may delay capital projects at airportThe dispute between the world's airlines and the Los Angeles Department of Airports is costing the cash-strapped city more than $4 million in revenue every month.If the disagreement over new, higher user fees for airlines ...
Trade group ranks L.A. as U.S. leader in software piracy. (Software Publishers Association)
Sep 06, 1993; ... Businesses in Los Angeles County are illegally copying at least $100 million worth of computer software a year, according to the Software Publishers Association.And, according to local software programmers, so-called "computer piracy" is costing them tens of millions of dollars in ...
Wave of businesses' protest surges over DWP's water rates.
Sep 06, 1993; ... Los Angeles business and apartment owners, outraged over water and sewer bills they say are driving them out of business, have joined forces to hire a lobbyist and fight City Hall.The business people have already caught the ear of Mayor Richard Riordan's office, where a constituent ...
Keeping those books chilled out. (Los Angeles Central Library)
Sep 06, 1993; ... Central Library rebuilding includes giant plumbing, air-conditioning systemsNorman Bernstein is admiring a book-shelf in a south-facing window of the old Los Angeles Central Library, a shelf which looks like part of the 67-year-old structure's original fixtures.The ...
Browning-Ferris to buy Western Waste in stock swap. (Browning-Ferris Industries Inc,; Western Waste Industries)
Sep 06, 1993; ... Deal for trash hauler is valued at about $520 millionWestern Waste Industries, the Torrance-based trash hauler which holds the most exclusives residential waste contracts in Southern California, has signed a letter of intent to be acquired by Browning-Ferris Industries Inc. for ...
Cable TV firms prepare for blast over rising rates. (Los Angeles, California)
Sep 06, 1993; ... New FCC rules to jack many subscribers monthly billsSome consumers primed to get reductions in their cable television bills because of federal rate regulations will be shocked when their September bills arrive. Despite Congress' efforts to curb cable rates, thousands of Los Angeles ...
What tourism slump? Universal park posts blockbuster business. (Universal Studios' Hollywood theme park)
Sep 06, 1993; ... Universal Studios' Hollywood theme park is doing landmark business, breaking its one-day attendance record twice in seven days last month.The part, said industry analysts, has benefited from people staying close to home for their vacations, and from repeat business.Park ...
L.A. tourism agency faces hard sell in getting backing for TV campaign. (Los Angeles Convention and Visitors Bureau)(includes related article)
Sep 06, 1993; ... The Los Angeles Convention & Visitors Bureau is planning to ask hotels, tourist attractions, theme parks, restaurants and retailers throughout Los Angeles County to fund its proposed national television promotional campaign.But an early, informal survey of potential contributors ...
Westside landmark on the block - at cut-rate price. (Cotner Plaza)
Sep 06, 1993; ... Owner wants to unload Cotner Plaza office buildingOne of the Westside's most visible commercial real estate development fiascoes is back on the market -- and the owner is now seeking a quick sale by offering the nearly completed project at less than one-third of its development ...
Health Net will merge with Colorado-based HMO. (QualMed Inc.)
Sep 06, 1993; ... Non-profit went for-profit, now to meld with OTC firmFrom non-profit status, to for-profit, to being part of the Wall Street hustle in a dizzying two years: Woodland Hills-based based Health Net, the 900,000-member health plan, last week announced it would embrace its hitherto ...
He's wired in City Hall - and Washington. (Gilbert Ray, O'Melveny and Myers partner)
Sep 06, 1993; ... Gilbert Ray, first black to work up to partner at O'Melveny & Myers, is a heavy hitter in civic circlesThe most exciting weekly event in Mansfield, Ohio, this fall will be the local high school football game. And after football season, it will be the high school basketball game ....
Commercial brokers adjust to survive rough market. (Los Angeles, California)
Sep 06, 1993; ... Majority of top firms report transaction numbers climbWhile L.A. County's commercial real estate market remains near the bottom of a depression-like cycle, it appears some major brokerages that negotiate local lease and sale transactions are adjusting to the dismal environment. ...
Burbank 'Media District' tower sale ranks as one of year's biggest. (Douglas-Emmett Management Co.)
Sep 06, 1993; ... An investment team headed by Brentwood-based Douglas-Emmett Management Co. has acquired the 434,000-square-foot Studio Plaza office building in Burbank's "Media District" for about $83 million, according to sources familiar with the transaction. This represents the biggest non-institutional ...
Major factor in tourism, Japanese visitors ease back on Los Angeles.
Sep 06, 1993; ... Travel from Japan -- Los Angeles County's most important international market for tourists -- has slowed even further since the April 1992 civil unrest, stalling the local hotel industry's recovery.Local tourism industry executives said both leisure and business travel from Japan ...
Staffing your litigation support team in the 90s. (Law and Accounting)
Sep 06, 1993; ... It is the kind of case you dreamed about in law school -- multi parties, multi issues and mega money on the line, both your client's and your firm's. It's the big one -- with big challenges that will produce big rewards or big nightmares, depending on how you handle the case. ...
Hollywood on verge of reviving glory days. (Hollywood Entertainment Museum)
Sep 06, 1993; ... LOS ANGELES (AP)Millions of camera-toting tourists swarm Hollywood Boulevard in summer to touch the magic of movieland.They come from around the world where it is said that two American words are universally spoken: "O.K." and "Hollywood.""When people come to ...
Hollywood - the ticket to improving L.A.'s economy. (Hollywood Entertainment Museum)
Sep 06, 1993; ... Few destinations in the world are fortunate to possess as powerful a lure for visitors as the Hollywood region. With its connotation of celebrities and movie glamour, Hollywood has performed a significant role in propelling tourism to the second largest industry in Los Angeles County, ...
Hollywood can come home again. (Hollywood Redevelopment Project)
Sep 06, 1993; ... From entertainment capital, to national treasure, to legend, to dreams, Hollywood's most endearing status, albeit uncelebrated, is the sense of community, a place where some 40,000 people live and where more than 35,000 people work. This community is also a major destination of tourists from ...
Building a time machine. (Hollywood Entertainment Museum)
Sep 06, 1993; ... Life hurries on. We forget things. We lose things. We can't quite remember things - and people and events - we once thought we would never forget.That's why we build museums. That's why we restore and refurbish historic buildings. That's why we collect and exhibit the memorabilia ...
Industrial base's shrinkage echoes across economy.
Sep 13, 1993; ... Relentlessly, seemingly inexorably, the recession is cutting away industrial jobs from the economic foundations of Los Angeles, with disconcerting and long-term ramifications for the regional economy. Since the late 1980s, more than 250,000 factory jobs have disappeared in Los ...
Don't talk into the door knob. (Counter Spy of Mayfair sells surveillance equipment)
Sep 13, 1993; ...Just turn it - and you will enter one of several shops that specialize in spy gear Customers coming to the Privacy Connection in Woodland Hills are greeted by a German shepherd growling behind a locked, bullet-proof front door. Those who don't want to be seen ...
Job shops bombard Congress to save to plane projects.
Sep 13, 1993; ...They lobby heavily to protect the C-17, F-18 programs Los Angeles County's small defense-industry subcontractors - an endangered species locally - have launched an all-out lobbying effort to save the area's two remaining military aircraft projects. One member of ...
Local software firms escape brunt of industry tumult: price declines continue as observers look for bottom.
Sep 13, 1993; ...Price declines continue as observers look for bottom Computer software developers in Los Angeles County have so far escaped the precipitous decline in retail prices that has the industry whirling in uncertainty about just how low prices, and revenue, may drop. So ...
Growing satellite industry looks to cash in on growing video demand. (Industry Overview)
Sep 13, 1993; ... As cable and telecommunications companies speed up their efforts to win the digital revolution race and offer consumers 500 channels and video on demand, some videophiles are already partially getting these services with satellite dishes. The small but growing satellite industry has been a ...
Greg Jones clambers up another rung. (State Farm Insurance Co. Regional Vice Pres. Greg Jones)
Sep 13, 1993; ...|I'm the first black everything' at State Farm Insurance, says its new regional chief Greg Jones has worked hard since he was eight years old. When he was young, Jones and his brother would help his father, a janitor, clean offices in the mostly white, segregated ...
State Farm Group maintains lead among insurers.
Sep 13, 1993; ...No. 2 Farmers, No. 3 Allstate write fewer premiums State Farm Group, the nation's largest insurance company, again tops The List of the 25 largest property-casualty insurers in Los Angeles County, as ranked by 1992 statewide property-casualty premium volume (see opposite ...
Tough economic times spur bidding wars that undercut printing companies' profits.
Sep 13, 1993; ... The Southland printing industry got somewhat desperate in 1992. With a paucity of jobs coming in, many printers tried to keep their presses running by underbidding on projects. This "let's make a deal" at any cost philosophy killed the bottom line at some shops and substantially rearranged ...
Wherehouse comes out on top in winning the used-CDs skirmish. (Wherehouse Entertainment Inc.)
Sep 13, 1993; ... The battle over used compact discs was over soon after it began with rebel retailer. Torrance-based Wherehouse Entertainment Inc., coming out the big winner. Four of the six major record labels tried to stop Wherehouse from selling used CDs by cutting off the chain's co-op ...
GTE: new technology. (GTE California Inc.) (Cutting Edge of Technology)
Sep 13, 1993; ... It used to be so simple: pick up the phone, spin the dial, and wait for a live human being to answer at the other end of a long copper cable. It stayed pretty basic for decades, all those diaphragms rattling all those carbon granules, and the telephone became an integral tool of human ...
HUD: technology keeps crime fighters looking up. (head-up display) (Cutting Edge of Technology)
Sep 13, 1993; ... Beginning in 1994, government mandates require new law enforcement vehicles to be equipped with dual air-bags. Currently, most communications and crime-fighting equipment such as MDTs (Mobile Data Terminals), radar screens and video monitors are placed below or in front of the dash. With ...
Small business survival and information technology. (Cutting Edge of Technology)
Sep 13, 1993; ... Don't underestimate the millions of small businesses that depend on information technology for basic survival. A new study reports that a surprising 95% of small-business people see information technology closely linked to their company's bottom line. Many a small business would ...
Tourists set cash registers ringing with their return to Beverly Hills.
Sep 20, 1993; ... After a three-year absence, the Saudis are back in Beverly Hills and that's good news for hotels and retailers. So are the Europeans, particularly the Italians and Germans. And all that means the city's hotels and retail shops have had their best summer since 1990. Some ...
Bank robberies in Southland drop for first time in six years. (greater Los Angeles area)
Sep 20, 1993; ... FBI credits stricter laws, security steps for decline Bank robberies in the greater Los Angeles area -- known as the bank robbery capital of the United States -- are down 35 percent so far this year, marketing the first time in six years their number has declined, according to ...
Paramount merger sets up new round of competition. (Paramount Communications Inc.; Viacom Inc.)
Sep 20, 1993; ... With paramount Communications Inc. apparently merging with Viacom Inc., many in Hollywood said they are convinced Paramount Pictures Corp. will rebound and once again challenge Warner Bros. and Walt Disney Co. for box-office supremacy. If the announced $8.2-billion merger is ...
Sometimes it's what you don't know that can hurt you. (violence in the workplace)
Sep 20, 1993; ... You are sitting at your desk, trying to finish yet another report. Ever since the layoffs, all the remaining employees have twice as much work to do, and things are getting tense. You hear a commotion, look up and see the man you fired last week pointing a gun at you ....
Receiver gets permanent control of investment firm. (Richard Shaffer; American Capital Investments Inc.)
Sep 20, 1993; ... Judge sides with SEC against self-proclaimed advocate A federal judge ruled in favor of the Securities & Exchange Commission last week and appointed a permanent receiver to take over operations at American Capital Investment Inc., the embattled Marina del Rey real estate ...
Credit agency takes dim view of airport controversy. (Standard and Poor's Corp.; Los Angeles Department of Airports)
Sep 20, 1993; ... Standard & Poor's puts airport bond rating under review The ongoing dispute over the operation of Los Angeles International Airport has reached into the financial arena, with a major credit-rating agency placing the facility's operating department under review. ...
Local philanthropic foundation elicits high praise. (California Wellness Foundation)
Sep 20, 1993; ... HMO conversion provides $300 million endowment Born out of Health Net's controversial conversion from a nonprofit health maintenance organization to a for-profit HMO, the California Wellness Foundation is making its mark in public health. A year and a half after it ...
Citadel Holding shares ride waves of speculation fueled by sale rumors. (Citadel Holding Corp.)
Sep 20, 1993; ... The stock price and trading volume of Glendale-based Citadel Holding Corp. continued their roller coaster ride last week, surging uphill on what analysts said were buyour rumors and then dropping when poor quarterly financial results were reported. Citadel's stock price rose $1 ...
Wellness programs to grow under Clinton reforms. (health care reforms)
Sep 20, 1993; ... Emphasis on preventive care may help contain costs Many Los Angeles County companies, hammered by the recession, have cut out or scaled back their worksite wellness programs. But President Clinton's pending health care reform could bring such programs back into vogue, said ...
Dodgers have so-so season but still score financially. (Los Angeles Dodgers)
Sep 20, 1993; ... Cuts in player salary figures help owners shave costs For the second season in a row, the Los Angeles Dodgers baseball team has had a rough year both on and off the diamond. But corporate parent Los Angeles Dodgers Inc. is holding its own financially and is probably profitable ....
L.A. officials call MTA bus costs bloated, seek to privatize system. (Los Angeles County Metropolitan Transportation Authority)
Sep 20, 1993; ... The City of Los Angeles is trying to persuade the Los Angeles County Metropolitan Transportation Authority to allow the city to take over some of the MTA's commuter bus lines and contract the service out to private operators. City transportation officials said they believe MTA ...
Business incentive bill awaits governor's signature. (California Gov. Pete Wilson)
Sep 20, 1993; ... One state official calls measure best in quite some time Trumpeting a new business-friendly appraoch to taxes, California lawmakers have handed Gov. Pete Wilson an omnibus business-incentive bill they passed on Sept. 8. The governor has until October 8 to sign off on it, and ...
Vitamin-sellers refuse to swallow proposed changes. (pharmacies and health food stores in Los Angeles)
Sep 20, 1993; ... Feds consider restricting, banning some supplements Numerous pharmacies and health food stores throughout Los Angeles County participated in "Vitamin Blackout Day" last month to protest proposed regulations on so-called dietary supplements, such as vitamins, herbs and amino ...
Stricken Southland architects rush into health care to stay alive. (Los Angeles)
Sep 20, 1993; ... Despite the ongoing recession's crippling blow to architecture and other construction-related fields, Southland architects are finding work in health care. The areas of greatest opportunity appear to be remodeling and expanding existing hospitals and health care facilities, industry ...
Fledgling Santa Monica political group threatens recall of council. (California)
Sep 20, 1993; ... Claiming crime in Santa Monica is eroding property values, a fledging political organization -- apparently made up of 12 men -- has begun meeting to plan a recall of all seven members of the City Council there. The as-yet-unnamed organization, described by one source as "angry, ...
Flight plan for change. (Los Angeles Board of Airports Commissioners Pres. Theodore Stein)
Sep 20, 1993; ... Ted Stein, Airport Commissioners Board president, wants to help new mayor 'make a difference' Theodore "Ted" Stein has been one of those behind-the-scenes politicos who occasionally made headlines by getting involved in a controversial project or issue. For instance, ...
Local law firm rosters reel from recession's punch. (Los Angeles)
Sep 20, 1993; ... Few firms are spared as the employment axe falls The Southland recession is finally taking its toll on some of the largest and most-prestigious Los Angeles law firms, but among those being hit hardest are firms based in other metropolitan areas that opened up branch offices in ...
L.A. health officials brace for fallout from reforms. (Los Angeles; health care reforms)
Sep 20, 1993; ... County's 3 million unisured residents must get care Although actual legislation on President Clinton's health care reform package is not expected until next year, Los Angeles County health officials are already gearing up to accommodate up to 3 million uninsured residents that ...
HMOs to be graded on quality of service provided. (health maintenance organizations)
Sep 20, 1993; ... Clinton reforms call for issuing HMO 'report cards' Health maintenance organizations, which for years have competed primarily on the bases of price and access, will soon have to compete on quality, as well. The Clinton administration has indicated that a key component ...
Non-physician practitioners to assume larger role. (health care system)
Sep 20, 1993; ... Nurses, doctors' assistants fill primary-care functions As the nation moves toward a health care system dominated by managed care, the need for primary-care physicians is becoming greater than ever. Yet the ongoing shortage of primary-care physicians does not appear to be ...
Mega-mergers mean more competition for Kaiser. (Kaiser Permanente)
Sep 20, 1993; ... Unihealth, Health Net, PacifiCare ride merger wave Kaiser Permanente, the oldest and largest health maintenance organization in the country, remains king of the HMOs in Southern California, but it is slowly feeling the pains of competition. Much of that competition is ...
Stricter rules still being sought for HMOs that convert to for-profits. (health maintenance organizations)
Sep 20, 1993; ... Nonprofit health care administrators who were heartened by Blue Cross of California's "public benefit" settlement late last month may be disappointed to learn that similar settlements in the future are unlikely, according to a key legisltative aide. Blue Cross of California ...
L.A. psychiatric hospitals suffer fiscal breakdowns. (Los Angeles)
Sep 20, 1993; ... Clinton reforms could help some facilities to recover Private psychiatric hospitals in Southern California have good reason to be depressed. Seventy percent of them lost money in 1992, according to a recent report released by the Hospital Council of Southern ...
Plummeting profits trigger wave of hospital closures in Southland. (Los Angeles County)
Sep 20, 1993; ... Thirty-three hospitals have closed in Los Angeles County since 1983, and a wave of hospital closures is looming, according to health experts. Reacting to the dire report released Aug. 25 by the Hospital Council of Southern California, which showed that profits and occupancy ...
A meeting planner's primer. (Meetings & Conventions )
Sep 20, 1993; ... From a participant's point of view, a well-run meeting means the rooms are set, the coffee is always ready, the meals are tasty and served on time and the speakers all know their subjects and address them appropriately to their audience. In short, everything runs smoothly because an ...
Los Angeles Convention and Visitors Bureau: ensuring your success. (Meetings & Conventions)
Sep 20, 1993 ... Whether you are planning a meeting, convention or trade show, developing vacation packages or incentive itineraries, the Los Angeles Convention and Visitors Bureau's highly skilled Convention Services and Travel Trade Promotion departments are dedicated to ensuring your success. ...
The heart of the city beats in downtown Los Angeles. (Meetings & Conventions)
Sep 20, 1993 ... Downtown Los Angeles is Southern California's hub for shopping, dining transportation and entertainment. A bustling urban center with a labor force of 250,000, this revitalized area is quickly gaining an international reputation as a center for commerce and culture. Today's ...
Hotel Inter-Continental Los Angeles: a virtual art museum in downtown's cultural corridor. (Meetings & Conventions)
Sep 20, 1993 ... A Virtual Art Museum In Downtown's Cultural Corridor Downtown's newest hotel in a decade, The Hotel Inter*Continental Los Angeles is a virtual art museum and an extension of The Museum of Contemporary Art (MOCA). More than ten contemporary pieces are on loan from the museum's ...
Directory of meeting & convention facilities. (California) (Meetings & Conventions)
Sep 20, 1993 ...BURBANK AIRPORT HILTON AND CONVENTION CENTER The recently expanded and renovated Burbank Airport Hilton and Convention Center now offers more meeting space than any other major meeting hotel of it's size in the greater Los Angeles area. Convenient and easy access is provided ...
When times are tough ... the tough keep talking: how seminars can increase your profits. (Meetings & Conventions)
Sep 20, 1993; ... How Seminars Can Increase Your Profit Times are tough. With increased competition, you need to talk about your company and its products or services ... each and every day! Who do you talk to? What do you talk about? When do you talk? Where do you talk? But, most ...
Los Angeles: city of dreams and imagination. (Meetings and Conventions)
Sep 20, 1993 ... Probably no other city in the world during the 20th century has been the center of people's hopes, dreams and imaginations more than Los Angeles. Even before Hollywood developed its glamorous reputation as the movie capital, visitors have been drawn to this southern California ...
Unique venues for off-site events. (Los Angeles) (Meetings & Conventions)
Sep 20, 1993; ... Los Angeles is a meeting planner's dream when plans include a reception, theme party or event at an off-site location. Creative possibilities abound in the City of Angles given the diversity of its business and cultural community, the entertainment industry and architectural influences. ...
Unconventional entertainment. (entertainment requirements for conventions) (Meetings & Conventions)
Sep 20, 1993; ... Handwriting Analysis Gets a Thumbs-Up When considering entertainment requirements for conventions, corporate events, and seminars, you might want to consider handwriting analysis as an alternative to the standard fare of big bands and magicians. Most corporations don't think of ...