April 11, 1991 |
Hughes Aircraft Co. officials on Wednesday defended a decision by the company's division here to hold a retreat for top executives and their spouses at a lavish resort as the defense contractor was laying off lower-level employees. Hughes officials said the retreats are useful for focusing managers' attention on issues such as the company's diversification into commercial markets and that other Hughes groups plan retreats this year.
July 28, 1994 |
In an acrimonious congressional hearing Wednesday, NASA officials conceded that they selected Boeing late last year as prime contractor to build the space station--a program dogged by major cost overruns since its inception--even though the firm had flunked the agency's own cost-control reviews.
June 13, 2000 |
The Supreme Court closed the federal courthouse door Monday to employees who want to sue their health maintenance organizations for putting cost concerns ahead of the quality of medical care. The 9-0 ruling sides squarely with employers and HMOs in rejecting federal lawsuits as a way to reform the nation's health care system. It also brushes aside complaints from angry patients who say that their health care has been sacrificed by cost cutters.
CALIFORNIA | LOCAL
June 19, 1992 |
Brea-Olinda Unified School District officials are making small boundary changes in an effort to cut transportation expenses in the 1992-93 budget. The change approved Monday night would affect students in an area bounded by Oak Street on the west, Almond Drive on the north, Olive Place on the east and Willow Street on the south. The 25 children who live in the area and currently attend grades kindergarten through sixth are bused to Fanning Elementary School at 650 N. Apricot St.
CALIFORNIA | LOCAL
April 14, 2004 |
Los Angeles County health officials will stick with a recommendation to downsize the neonatal intensive care unit at Martin Luther King Jr./Drew Medical Center to save money and give the troubled hospital a chance to right itself. The decision came after officials took another look at the idea in response to community protests earlier this year. If the Board of Supervisors backs the plan, county-owned King/Drew will no longer care for the sickest of babies.
September 27, 1990 |
The Pentagon has suspended contract payments to McDonnell Douglas Corp. on the $30-billion C-17 cargo jet program and has begun a major evaluation of the financial condition of the firm's Douglas Aircraft unit in Long Beach, the Air Force disclosed Wednesday. The suspension began in August, but the Air Force did not disclose how much is being withheld.
October 1, 1998 |
Consolidation has been a trend among movie studios, television networks and production companies for years. Now another significant, though less sexy, consolidation is occurring--in the post-production business. For years, a fragmented network of post-production firms has serviced the studios; dozens of these companies are clustered around Hollywood, Burbank and the Westside. Two major publicly traded players, Todd-AO Corp. and Four Media Co.
January 15, 2003 |
Nicole Williams of Westchester has long counted on her local Kmart for toys, clothes and bedding. Above everything, the 34-year-old mother always came back to the retailer's store in Inglewood because of the low-cost merchandise. Now, Williams says, she doesn't know where she'll go to shop. The Inglewood store was one of 19 in California -- and 326 across the country -- that Kmart Corp.
September 6, 1995 |
Japanese car importer Mazda Motor of America, still hurting from sluggish sales and profit margins shrunk by the strength of the yen, is considering a new round of layoffs to help pare operating costs, a top company official said Tuesday. "We are looking at a variety of options," including restructuring and layoffs, said Jay Amestoy, vice president of corporate affairs. The company on Tuesday reported a 29% decrease in U.S. sales during August.
February 26, 1992
Quiksilver Inc., one of the largest surf wear companies based in Orange County, plans to sell, license or shut down the Pirate Surf subsidiary it purchased a year ago. "We don't have all the facts yet" to decide which course of action to take, said company spokesman Jim White. The decision to take action regarding the Pirate Surf division came Friday as Quiksilver executives were discussing how to cut costs.