February 20, 2003 |
As part of a goal to slash $250 million from its budget, Universal Studios has begun laying off workers as its cash-strapped parent company continues to put the squeeze on its American entertainment businesses. Universal this month has cut more than two dozen workers, including plumbers, electricians and office staff, as part of a plan to cut its budget by 10%.
April 21, 2009 |
The women and men, gently prodded by a facilitator, opened up about their daily inspirational practices: "Every morning and every night I create a feeling of gratitude for everything in my life," one woman said. Said another: "Remembering that there are so many people with so much less." Group therapy? No. It's a workforce training session held last month for the employees of Primary Freight Services Inc. of Rancho Dominguez.
CALIFORNIA | LOCAL
January 22, 2010 |
L.A. County transit officials are forecasting the largest operating deficit in their history, prompting them to consider cuts to bus and rail service as well as fare increases. The shortfall, caused by cuts in state funding as well as an 8% decline in ridership over the last year, could be more bad news for L.A. riders, who have long complained about crowded buses and limited services. "The issue is coming to a head, that they're a quarter-billion dollars short on operating.
October 9, 2006 |
In Universal Pictures' upcoming "Evan Almighty," comedian Steve Carell plays a Noah-like congressman commanded by God to hoard hundreds of animals in an ark the size of a cruise ship. In real life, the movie is taking on water. Studio executives are struggling to tame a soaring budget that will probably make the film the most expensive comedy ever.
May 20, 1994 |
A Senate committee with a key role in crafting health care legislation voted Thursday for a cost containment provision that would establish a national board with the authority to trim benefits and raise out-of-pocket spending by consumers. Under a bipartisan compromise approved by the Labor and Human Resources Committee, the board's actions could be reversed only if Congress acted within 45 legislative days after receiving the board's "recommendations."
October 27, 1996 |
Alchemy supposedly went out of style with the Dark Ages, but a cursory look at U.S. corporate earnings reports this year hints at a revival. How else can it be that so many companies continue to turn mediocre sales increases into spectacular earnings gains? Consider the third-quarter report from Avery Dennison, a Pasadena-based company that makes adhesive labels, various office products and specialty chemicals. Avery's sales rose just 5% in the quarter ended Sept. 30, to $819.3 million.
CALIFORNIA | LOCAL
September 16, 1992 |
The Los Angeles Unified School District could soften the drastic pay cuts facing employees by slashing nearly $100 million more from its already-pared budget, an independent commission reported Tuesday. Former state Atty. Gen. John K. Van de Kamp, who headed the special panel, presented a report to the Board of Education that concluded that more than $94 million could be saved through measures ranging from reducing employee absenteeism to putting a freeze on spending for instructional materials.
January 3, 1989 |
Many companies will begin 1989 by trying to streamline and reduce travel and entertainment costs, one of the largest controllable expenses for many firms. With airlines making 150,000 fare changes a day, it is no surprise that corporate travel expenses frequently soar out of control, according to American Express travel consultant Judith Dettinger-Gardner. In 1988, American companies spent an estimated $95 billion on travel and entertainment.
August 13, 1989 |
On April 9, 1988 catastrophe struck at the Tustin home of Keith and Edwina Charde. They were preparing for bed when Keith felt faint. Two weeks later, he was in surgery to repair an aneurysm that could have killed him had the weakened artery in his brain ruptured. The surgery was a success, but 45-year-old Keith would be an invalid for months.
April 5, 1990 |
Baxter International Inc., one of the world's largest makers of hospital supplies, announced plans Wednesday to lay off about 6,400 workers and close or sell 21 plants in an effort to trim costs and narrow its scope. In addition to the 10% work force reduction and consolidation of manufacturing facilities, Baxter indicated that it will sell several businesses, raise prices on many products and channel more money into research and development.