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July 18, 2008 | From Times Wire Services
Fremont General Corp., the bankrupt Brea financial services holding company, won a court order allowing its Fremont Investment & Loan to be acquired by a unit of CapitalSource Inc. CapitalSource Bank will acquire a "substantial portion" of Fremont Investment & Loan's assets, Fremont said. CapitalSource Bank will take over all of the bank's branches and deposits, the companies said. Fremont, once the nation's fifth-largest subprime lender, listed $362 million in assets in a July 3 filing in U.S. Bankruptcy Court in Santa Ana. A spokesman didn't immediately return a call seeking comment after business hours.
The Pacific Stock Exchange said Tuesday that it will extend its trading day by 20 minutes to 1:50 p.m. West Coast time starting Oct. 24 to give brokers and investors a "second crack" at the market. The exchange, with trading floors in San Francisco and Los Angeles, already permits the trading of many stocks listed on East Coast exchanges until 1:30 West Coast time and 4:30 p.m. eastern time. That is half an hour after the eastern exchanges close.
Glendale school officials say they will cancel plans to open what would have been one of the state's first full-time evening high schools in September because of a lack of student interest. The proposed school--praised as an innovative solution to overcrowded campuses--was set to operate at Glendale High School under a different name, with a different principal, staff and student body, from about 2 to 9 p.m. on weekdays, hours when classrooms are generally not in use.
June 21, 1990 | From Reuters
MCI Communications Corp., sharpening its aim at the $18-billion business long-distance telephone market, Wednesday unveiled a new package of services and discounts for small- and medium-sized businesses. It said this will give users who spend more than $500 a month on long-distance calls some of the same breaks that big telephone customers receive.
April 5, 2013
Work continues on a 2.1-mile segment of Coldwater Canyon Boulevard, a twisting route favored by commuters that is closed during business hours through April 25. The canyon route is closed from Ventura Boulevard to Mulholland Drive from 8:30 a.m. to 7 p.m. Mondays through Fridays and from 8:30 a.m. to 6 p.m. Saturdays. At night and on Sundays, one lane is open in each direction. The closures are part of a $62-million DWP project to replace half a mile of 99-year-old water pipe. Four years ago, part of the main broke at Ventura Boulevard and Coldwater Canyon, causing $7 million in damage when an estimated 4 million gallons of water flooded homes and businesses.
July 17, 2003 | Mai Tran, Times Staff Writer
A gang member who allegedly helped a friend stab a college student in the head with a screwdriver at a Garden Grove cyber cafe has been convicted of murder in a case that triggered a citywide crackdown on late-night Internet parlors. The attack, the first fatality at one of the city's many cyber cafes, prompted city leaders to enact curfews and other measures targeting the gathering spots, but those regulations stalled after business owners sued the city.
July 26, 2001
Re "Residents Dismayed by Wachs' Absences," July 21: Los Angeles fired Councilman Joel Wachs. The vehicle used to accomplish that was fairly impersonal. It's called term limits. The city also fired his staff on the same basis. Term limits do give the employees a long advance notice period--the entire last term of office. I don't live in Wachs' district, but I do find it notable that his constituents have reelected him for multiple terms. However, term limits are not the point. The real question is: How do you expect the terminated employees to behave while waiting for their last paychecks?
April 6, 1989 | DOUGLAS FRANTZ, Times Staff Writer
First Interstate Bank joined the herd Wednesday, announcing that its 321 branches statewide will be open on Saturdays, beginning in May. The Los Angeles-based bank was the last of the state's five biggest banks to decide to open its branches on Saturdays. The hours will be from 9 a.m. to 1 p.m. and the branches will offer full services.
February 21, 1993
City Hall and parks and recreation offices are now closed Fridays because city employees have switched to a four-day workweek. Instead of working eight hours a day, five days a week, employees are putting in four 10-hour days, officials said. The change, which reduces employee commuting by 20%, is aimed at helping South Gate comply with Air Quality Management District requirements to reduce pollution. New Monday-through-Thursday business hours are 8 to 11:30 a.m. and 12:30 to 5 p.m.
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