December 30, 2013 |
Jacobs Engineering Group Inc., which started as a one-man consulting shop in 1947, has grown into one of the largest and most respected U.S. engineering firms. The Pasadena construction consulting company handles engineering, architecture and construction projects for governments and businesses worldwide. It has clients in oil and gas, chemicals, aerospace, defense, mining, pharmaceuticals, power, paper, technology, food and other industries. Founder Joseph J. Jacobs, the son of Lebanese parents, built the company into a $1-billion business by the time he retired in 1992 at age 76, pushing it into the lucrative environmental services business.
December 16, 2013 |
CNN is making a further push into the documentary film business with the creation of an acquisition unit. The cable news channel, which last year launched CNN Films to make and finance documentaries, will now also buy older documentaries for the network through its newly created CNN Films Presents banner. "March of the Penguins," which won an Oscar for best documentary, and "The Imposter" are the first purchases of CNN Films Presents. " Both will air on CNN in January. "March of the Penguins" will debut Jan. 2; "The Imposter," a 2012 documentary about French conman Frédéric Bourdin, will air Jan.
October 30, 2013 |
BOSTON -- No longer does Boston have to fret about all those poor kindergartners who had lived their whole lives without seeing the Red Sox win the World Series. The big deal about how the Red Sox had not won a World Series at home since 1918? Made for TV, and made for Boston. The truly big deal: The Red Sox won the World Series for the third time in a decade. In the last half-century, only four franchises can say they did that: the Dodgers, the Oakland Athletics, the New York Yankees, and now the Red Sox. What makes the Boston success so fascinating is the extreme makeover.
October 24, 2013 |
Just off Melrose Avenue at La Cienega Boulevard in Los Angeles is tree-lined Melrose Place -- a quiet stretch of shops and boutiques near West Hollywood that includes some of the world's best-known fashion brands: Oscar de la Renta, Marc Jacobs and Bottega Venata. Now, a New York developer has bought a cluster of exclusive shops along the strip that has become one of L.A.'s most chic, high-rent retail addresses. And the complex is already drawing a VIP list of tenants including a new flagship store for the Olsen twins.
October 24, 2013 |
Safeway Inc. shares have climbed for two straight days on speculation of a buyout offer just weeks after the grocery giant deflected another potential takeover. Buyout rumors erupted this week on reports that private equity firm Cerberus Capital Management was involved in discussions to acquire some or all of Safeway, which also operates the Vons and Pavilions chains. Cerberus currently owns a supermarket business that operates Albertsons and Shaw's. Investors responded by snapping up Safeway's stock, which rose nearly 10% this week to close at $36.06 on Thursday.
October 10, 2013 |
The owner of the Orange County Register has increased his holdings in Southern California by agreeing to buy the Press-Enterprise, which circulates in Riverside and San Bernardino counties. Freedom Communications Holdings Inc. said it will pay $27.25 million to acquire the newspaper from A.H. Belo Corp., a Dallas company that has owned it for 16 years. The acquisition is the latest in a series of moves by Freedom owner Aaron Kushner. Since buying Freedom last year, he bucked a nationwide trend of newspaper downsizing by doubling the Register's staff of reporters and editors, adding regional editions and launching a new five-day daily, the Long Beach Register.