BUSINESS
August 14, 2009 | Michael Oneal
If it weren't for family politics, would the Pritzkers be taking Hyatt Hotels Corp. public? Preliminary offering documents filed with the Securities and Exchange Commission suggest there is little other reason to sell shares in the Chicago family's crown jewel during the worst economy since the Great Depression. The documents pull back the curtain for the first time on a global hotel behemoth with a sterling balance sheet and no apparent business need to raise cash right now. From 2004 through 2008, Hyatt revenue grew from $2.7 billion to $3.8 billion.
CALIFORNIA | LOCAL
January 9, 2009 | Sam Quinones
Secundino "John" Cabrera has heard it all. A heavyset man with a shaved head and large glasses, not given to chatter, Cabrera has been the one person in town that folks could talk to when no one else would listen. Tough finances, lost jobs, births, deaths, the weather, abusive husbands, football, soccer, kids in jail -- you name it, he's heard it. At 64, Cabrera's life has been the small market that bears his family name in the middle of a block of single-family houses in Hawaiian Gardens.
BUSINESS
December 22, 2008 | Mark Medina
It's 4:30 in the morning and Jacob Paz has been awake for half an hour, trying to squeeze in a little homework. But the phone rings. A load of 250 Christmas trees is on the way. So much for the 17-year-old high school senior's plan to start his English essay on how two world wars fueled disillusionment in American literature. It's time to get to work. Since Oct.
SPORTS
June 12, 2008 | Jim Peltz, Times Staff Writer
Petty Enterprises, the venerable NASCAR team led by Richard Petty, sold control of the family business Wednesday to investment firm Boston Ventures. Once one of stock car racing's most powerful teams with "The King" himself at the wheel, Petty Enterprises fell into mediocrity during the last two decades and hasn't won a race since 1999. "The time has come for Petty Enterprises to take the steps necessary to get back to victory lane," Petty, 70, said in a statement.
BUSINESS
April 4, 2008 | Jerry Hirsch, Times Staff Writer
When Liu Lan entertains clients at her Shanghai cosmetics shop, she pulls out a jug of Gallo's Carlo Rossi red wine. "The taste is fresh and it's easy to get used to," said Liu, 32, who thinks the big bottle "looks special, different from other wines." The cosmetics shop in crowded Shanghai represents just how much has changed since Ernest and Julio Gallo founded E.& J. Gallo Winery in an industrial section of rural Modesto after Prohibition ended in 1933. With annual sales of $3.
BUSINESS
December 24, 2007 | Jessica Guynn, Times Staff Writer
Ever the proud father, Chris MacAskill screens 20-year-old home movies of his sons -- Ben singing about a stegosaurus, Mark getting a mohawk -- on his laptop. "This is the negative of working with family members," a red-faced Mark, now 26, says before retreating to his cubicle. Meet the MacAskills, Silicon Valley's version of the Waltons: seven members of a close-knit clan, ranging in age from 23 to 63, who run SmugMug Inc., which helps families share their own Kodak moments online.