May 3, 1989
Alleghany Corp. said it signed an agreement to purchase Sacramento Savings & Loan Assn. of Sacramento and two related companies from the H.N. and Frances C. Berger Foundation for $150 million cash . . . Independent film producer Pathe Communications said it halted negotiations for the purchase of a $6-million interest in Kings Road Entertainment . . . The Transportation Department gave final approval to Federal Express Corp.'s takeover of the Flying Tigers air cargo service on the condition that Federal give up its U.S.-Japan small package service . . . . . . American Airlines said it has reached a contract agreement in principle with the Transport Workers Union, which represents 23,000 ground service personnel and mechanics . . . Sears, Roebuck & Co. said it is moving its catalogue operations from the landmark downtown Sears Tower in Chicago to a company-owned building in suburban Skokie . . . Chase Manhattan Bank said all its credit card accounts will leap to a 19.8% annual percentage interest rate from 17.5% on June 1. . . . Owners of America's mid-size, privately held businesses pay themselves an average of $151,000 annually in direct and indirect compensation, according to a study of middle market companies by Geneva Cos., an Irvine-based financial services organization that studied 2,500 firms with annual revenue from $1 million to $100 million.
January 24, 1988 |
When we saw the (lackluster) early reviews on "Rent-a-Cop"--which is being marketed as a must-see Burt Reynolds/Liza Minnelli star vehicle--our hearts harked back to that other Burt-Liza romantic pairing. You remember the unlucky "Lucky Lady," released in '75. Just how, we wondered, did their respective opening weekends stack up against each other?
October 5, 1996
Stephen Friedman, 59, producer of such films as "The Last Picture Show" and "The Big Easy." Friedman earned a bachelor's degree in economics and a law degree at Harvard University. Entering the motion picture business as an attorney, he worked for Columbia Pictures, Ashley-Famous Agency and Paramount. He founded and operated Kings Road Entertainment with profits from his first producing effort, "The Last Picture Show" in 1971.
April 28, 1992
Companies with lowest ratio of stock market value to sales. 4/10/92 1991 Price- Mkt. Value Revenue to-Sales Rank Company ($ Millions) ($ Millions) Ratio 1 HomeFed Corp. 6.7 1,528.0 .00 2 Precision Aerotech Inc. * 1.3 58.9 .02 3 Erly Industries Inc. * 10.3 353.9 .03 4 Standard Brands Paint Co. * 9.0 265.4 .03 5 CalFed Inc. 76.9 1,751.1 .04 6 Qume Corp. * 12.7 219.7 .06 7 UnionFed Financial Corp. * 10.4 172.0 .06 8 CMS Enhancements Inc. * 8.0 123.1 .07 9 Covington Development Group 3.5 53.3 .
CALIFORNIA | LOCAL
July 13, 1988 |
The Writers Guild of America, in an antitrust suit filed Tuesday, accused the Alliance of Motion Picture and Television Producers and 18 of its member companies of mounting an illegal boycott of producers who signed independent labor contracts with the guild. The producers' alliance immediately called the suit "outrageous." In a statement, the alliance said: "It has absolutely no merit. It only diverts attention from the real issue, which is settling the strike."
January 15, 1988 |
In "Rent-A-Cop" (citywide), Burt Reynolds and Liza Minnelli play off each other beautifully. Minnelli is all super-charged intensity, alternately the tough cookie and the wide-eyed, vulnerable gamin, while Reynolds, a great listener, just leans back, securely underplaying with laconic, affectionate amusement. What we have here are a pair of star turns in the grand old Hollywood manner, and Reynolds and Minnelli, who were previously teamed in the un-"Lucky Lady," are good company.
February 3, 2000 |
Whoopi Goldberg, who has long had a home in the Los Angeles area, has sold her 13-acre Connecticut farm for $915,000. The Oscar-winning Goldberg (best supporting actress, "Ghost," 1990), who produces and appears on the new "Hollywood Squares" game show, has owned the home, in rural Litchfield County, since 1991. She restored the five-bedroom, 4,000-square-foot Colonial-style farmhouse, built in 1860. The house has a sun room, workshop, two fireplaces and cathedral ceilings.
May 24, 1989 |
The Cannon name will rise again in Hollywood movie production after a brief departure. It is being reborn as Cannon Productions, which will be headed by Ovidio Assonitis, an Italian maker of English and foreign-language horror films. This Cannon is being fashioned from a corporate subsidiary owned by Los Angeles-based Pathe Communications, which until early April was named Cannon Group. Another Italian, Giancarlo Parretti, rescued Cannon from a financial crisis in 1987 and took control of the company last year from Menahem Golan and Yoram Globus.
June 17, 1991 |
"Kickboxer 2" (citywide) is better than "Kickboxer," the 1989 Jean-Claude Van Damme vehicle that spawned it. But you have to realize this is a relative judgment, since that first movie, with Van Damme and company twirl-kicking their way through Thailand, is widely regarded as a cinematic disgrace--albeit a very lucrative disgrace. Perhaps this is appropriate.