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BUSINESS
December 22, 2009 | By Nathan Olivarez-Giles
The Obama administration's new plan to give a boost to small businesses reflects continued trouble in that sector, which is facing new failures even as much of the nation's economy is stabilizing. As credit lines have shrunk and consumers have cut back on spending, thousands of small businesses have closed their doors over the last year. The plight of struggling firms has been aggravated by the reluctance of banks to lend money, said Brian Headd, an economist at the Small Business Administration's office of advocacy.
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BUSINESS
May 26, 2011 | By Sharon Bernstein, Los Angeles Times
After more than a year of searching for a buyer, California Pizza Kitchen said Wednesday that it would be acquired by the private equity firm Golden Gate Capital for $470 million. If the deal is approved by CPK's shareholders, San Francisco-based Golden Gate will begin to buy out the restaurant chain's shares next month. Golden Gate has also purchased stakes in On the Border Mexican Grill and Romano's Macaroni Grill. It owns a number of retail chains, including Eddie Bauer, Express and J.Jill.
REAL ESTATE
May 8, 1988
Scher-Voit Commercial Brokerage Co. Inc. has moved to Koll Center,18500 Von Karman Ave., Irvine.
BUSINESS
March 12, 1986
Peter Kovacs was named vice president of marketing of the San Diego-based division of Merck and Co., Inc.
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