January 3, 2005 |
A building boom is underway along the Western seaboard of North America as ports strive to handle the growing flood of trade from China -- and possibly lure away some of the shipping that clogged the ports of Los Angeles and Long Beach last year. Billions of dollars have been committed for dredging and construction projects in Alaska, Canada and up and down the West Coast. Expansion programs are on the drawing boards on the Baja peninsula and at the Panama Canal.
July 11, 2003 |
Boston Private Financial Holdings Inc. agreed Thursday to buy First State Bancorp, which owns First State Bank of California, for about $26.6 million in cash and stock to expand in the Los Angeles area. Boston Private will pay 15% of the transaction in cash and 85% in stock, initially valued at about $18.38 a share, the Boston-based firm said in a statement after markets closed. That's a 12% premium to First Bank's closing share price Thursday of $16.35 in over-the-counter trading.
December 26, 2001 |
Once, they considered themselves friends who could share a home-cooked meal and seal a contract with a handshake. Now, they are two small-business owners separated by the Pacific Ocean and a $4,575.50 debt. One, Jeff Gutin, runs a Venice Beach tourist shop. The other, Vio Manica, is a Bali clothing exporter. Both are trying to survive a wrenching global slowdown, the sharpest drop in decades.
October 16, 2001 |
Businesses looking for office space in Southern California can find cheaper deals now than in the last four or five years, and those deals could get even better in coming months. This year's economic slump has slowed demand for office space, commercial real estate brokers say, while the supply of available space has grown because of business failures and consolidations. What was clearly a landlords' market before the economy started to slow, brokers say, has turned into a tenants' market.
August 13, 2001 |
UCLA and UC Santa Barbara are building a $350-million research institute with marching orders to keep California ahead in the next frontier of technology.
August 5, 2001 |
The slowing California economy isn't necessarily putting the brakes on executive salaries at Southland companies. In fact, executive pay continued to rise at some companies last year in the face of layoffs, declining profits and falling stock prices, according to a survey of chief executive pay at 200 Southern California companies.