BUSINESS
June 25, 1988 | DOUGLAS FRANTZ, Times Staff Writer
The assault on First Interstate started about 3 p.m. one Friday last September. Without warning, pickets showed up outside its banks in Albuquerque, N.M., Denver, Oakland, Phoenix and Seattle. The marchers, carrying signs protesting lending policies, were from Acorn (the Assn. of Community Organizations for Reform Now). The picketing was the opening salvo in a confrontation between the activist group based in Little Rock, Ark., and the nation's ninth-largest banking company.
BUSINESS
September 12, 1996 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Merrill Lynch & Co. announced Wednesday that it will invest at least $77 million in minority communities in Los Angeles and Orange counties as part of a 10-year economic development partnership with local community groups.
BUSINESS
November 28, 1989 | JUBE SHIVER Jr., TIMES STAFF WRITER
In what may put more pressure on banks to expand lending to low-income groups, a coalition of California civil rights and business groups on Monday asked regulators to block Wells Fargo Bank's proposed acquisition of American National Bank because of Wells' alleged failure to follow equal opportunity employment and lending practices. The complaint is among a growing number of challenges of bank mergers by community groups nationwide under the federal Community Reinvestment Act.
CALIFORNIA | LOCAL
July 25, 1995 | MAURA DOLAN, TIMES LEGAL AFFAIRS WRITER
When a court stopped the city of San Diego from enforcing affirmative action rules in awarding city contracts, contractors stopped hiring women- and minority-owned firms. "It was disastrous," said Debra Fischle-Faulk, the city's equal opportunity contracting manager, reviewing 1994 figures. Participation rates for minorities plunged from a high of 21.3% to about 2% after the court ruling. San Francisco, also under court pressure, had to drop a requirement that Asian Americans be given preference because a study found that they received more than a quarter of the city's architectural contracts.
NEWS
July 25, 1995 | MAURA DOLAN, TIMES LEGAL AFFAIRS WRITER
When a court stopped the city of San Diego from enforcing affirmative action rules in awarding city contracts, contractors stopped hiring women- and minority-owned firms. "It was disastrous," said Debra Fischle-Faulk, the city's equal opportunity contracting manager, reviewing 1994 figures. Participation rates for minorities plunged from a high of 21.3% to about 2% after the court ruling.
CALIFORNIA | LOCAL
April 19, 2003 | Julie Cart, Times Staff Writer
A Bush administration policy of turning National Park Service jobs over to the private sector could reduce visitor services and cause unexpected layoffs, as well as undermine the agency's efforts to create a more ethnically diverse work force, according to an internal memorandum by Park Service Director Fran Mainella.