Advertisement
YOU ARE HERE: LAT HomeCollectionsEconomy Southern California
IN THE NEWS

Economy Southern California

FEATURED ARTICLES
BUSINESS
March 17, 1997 | KAREN KAPLAN, SPECIAL TO THE TIMES
When Chuck Chen founded Ocean Interface Co. in 1984, he could think of no better place to start a company to assemble CD-ROM drives and other computer components than Southern California. Silicon Valley might remain the mecca of high tech, but in terms of business considerations such as ports, trade with Asia and general entrepreneurial spirit, "Los Angeles is better," Chen says. "The city makes you feel there is more opportunity and more potential." Chen isn't the only one who thinks so.
ARTICLES BY DATE
BUSINESS
February 25, 1998 | PATRICE APODACA, TIMES STAFF WRITER
El Nino's deluge is testing the fortitude and creativity of many Southern California businesses, as they grapple with delays, slower sales and last-minute changes. Home-building projects have been stalled, some restaurants have had fewer patrons, and farmers are coping with waterlogged fields. In fact, most any type of business that relies on the region's vaunted sunshine is feeling some pain from the rain.
Advertisement
BUSINESS
February 25, 1998 | PATRICE APODACA, TIMES STAFF WRITER
El Nino's deluge is testing the fortitude and creativity of many Southern California businesses, as they grapple with delays, slower sales and last-minute changes. Home-building projects have been stalled, some restaurants have had fewer patrons, and farmers are coping with waterlogged fields. In fact, most any type of business that relies on the region's vaunted sunshine is feeling some pain from the rain.
BUSINESS
March 17, 1997 | KAREN KAPLAN, SPECIAL TO THE TIMES
When Chuck Chen founded Ocean Interface Co. in 1984, he could think of no better place to start a company to assemble CD-ROM drives and other computer components than Southern California. Silicon Valley might remain the mecca of high tech, but in terms of business considerations such as ports, trade with Asia and general entrepreneurial spirit, "Los Angeles is better," Chen says. "The city makes you feel there is more opportunity and more potential." Chen isn't the only one who thinks so.
ENTERTAINMENT
October 25, 1992 | KATHIE JENKINS, Kathie Jenkins writes the Restaurant News column, which will return to this space next week.
Even in hard times, people go out to eat. They just spend less. Last week Calendar surveyed Southern California's changing restaurant landscape and found that everybody is playing it safe. But despite the economy, restaurateurs are still optimistic. According to the California Restaurant Assn., restaurants are opening at a record pace--19,339 food sales and use permits were granted in Los Angeles County last year--up from 19,193 in 1990 and 19,131 in 1989.
BUSINESS
April 18, 1990 | TOM FURLONG, TIMES STAFF WRITER
Commercial real estate markets in several major California cities, including Los Angeles and Anaheim, may be headed for trouble if lending excesses are not curbed, the chairman of the Federal Deposit Insurance Corp. indicated Tuesday. L. William Seidman released a list of 40 large American cities, ranked according to risk, that is supposed to serve as an "early warning system" for regulators and lenders on where commercial real estate loan problems are brewing.
NEWS
March 6, 1993 | JAMES GERSTENZANG, TIMES STAFF WRITER
The slow-moving U.S. economic recovery picked up steam in February, with the number of jobs posting the largest monthly increase in four years, while unemployment continued its slow descent from last summer's peak, the government reported Friday. Despite the improving job picture nationally, California--and especially the Southland--continues to suffer from a stubborn economic slump, new employment figures also released Friday show.
BOOKS
April 21, 1996 | Dick Adler, Dick Adler is an editor and writer who co-authored, with the late Edmund G. (Pat) Brown, "Public Justice, Private Mercy: A Governor's Education On Death Row."
Randall Sullivan's monumental (in every sense) book about Joe Hunt and the Billionaire Boys Club is full of excellent ironies. One of my favorites is that in May of 1984, both the world class con artist Ron Levin and Jim Pittman (a.k.a. Graham), the former security guard who later admitted on "A Current Affair" but not in court that he shot Levin in the head, were both driving around Los Angeles in Rolls-Royces obtained under suspicious circumstances.
BUSINESS
June 24, 1996
A special section in today's Times examines the job choices that graduates and mid-career workers face in today's economy. Southern California Careers appears as Part 2 of the Business section.
BUSINESS
January 4, 1998
"Will the Party Last?" [Dec. 28] was full of wonderful news about the economy in Southern California. Alexandra Rand of Internal & External Communication made a statement to the effect that her company reviewed 23,000 resumes for 100 positions in the last year. That single statement should tell anyone who can read that the economy here isn't great, no matter what the media says. The unemployment rate in Los Angeles is still among the nation's highest, regardless of all of the end-of-the-year "happy talk."
NEWS
March 6, 1993 | JAMES GERSTENZANG, TIMES STAFF WRITER
The slow-moving U.S. economic recovery picked up steam in February, with the number of jobs posting the largest monthly increase in four years, while unemployment continued its slow descent from last summer's peak, the government reported Friday. Despite the improving job picture nationally, California--and especially the Southland--continues to suffer from a stubborn economic slump, new employment figures also released Friday show.
ENTERTAINMENT
October 25, 1992 | KATHIE JENKINS, Kathie Jenkins writes the Restaurant News column, which will return to this space next week.
Even in hard times, people go out to eat. They just spend less. Last week Calendar surveyed Southern California's changing restaurant landscape and found that everybody is playing it safe. But despite the economy, restaurateurs are still optimistic. According to the California Restaurant Assn., restaurants are opening at a record pace--19,339 food sales and use permits were granted in Los Angeles County last year--up from 19,193 in 1990 and 19,131 in 1989.
BUSINESS
April 18, 1990 | TOM FURLONG, TIMES STAFF WRITER
Commercial real estate markets in several major California cities, including Los Angeles and Anaheim, may be headed for trouble if lending excesses are not curbed, the chairman of the Federal Deposit Insurance Corp. indicated Tuesday. L. William Seidman released a list of 40 large American cities, ranked according to risk, that is supposed to serve as an "early warning system" for regulators and lenders on where commercial real estate loan problems are brewing.
BUSINESS
May 4, 1993
Hamburger Hamlet Restaurants Inc., the Sherman Oaks owner and operator of a chain of 31 restaurants, reported a 29% decline in earnings in the three months that ended March 28. The company's first-quarter profit was $466,000, down from $654,000 in earnings a year before. Its revenue increased 16%, to $17.4 million, from $15.1 million. Hamburger Hamlet attributed the drop in profits to its temporary closing of four Washington, D.C.
BUSINESS
August 10, 1993
Citadel Holding Corp., the Glendale-based parent of Fidelity Federal Bank, reported a loss of $15.2 million for the second quarter ended June 30, primarily a result of its increased provisions for future losses on loans and foreclosed real estate. A year before, Citadel had net income of $4.5 million. The thrift holding company's six-month loss totaled $15.1 million, in contrast to a $10.5-million profit in the same period in 1992.
Los Angeles Times Articles
|