October 4, 1990 |
McDonnell Douglas Corp. has fallen into much deeper trouble on its Air Force C-17 cargo jet program and is projected to exceed the cost ceiling for developing the aircraft by as much as $500 million, according to defense officials citing a confidential Pentagon analysis. Such cost overruns could precipitate a financial crisis at the nation's largest defense contractor if the Pentagon doesn't step in to rescue the company.
May 16, 1990
Environmental emphasis seems to be on acid rain, global warming and similar major areas. Why not devote some of this effort to asking people not to discard beer and soft-drink cans, paper cups and other debris all over? The result would be visible evidence of a cleaner environment. HENRY FEIL Laguna Niguel
August 30, 1989 |
The Kirov Ballet sold out all nine days of its run that ended Sunday at the Orange County Performing Arts Center, according to Center President Thomas R. Kendrick. About 260,370 people attended, Kendrick said Tuesday, with roughly 60% of that number buying single tickets as opposed to subscriptions. With a top ticket price of $65 during the company's only Southern California engagement, receipts totaled $1,433,475, according to Kendrick.
November 1, 1989 |
Labor costs for U.S. employers rose 1.6% in the third quarter, the Labor Department said Tuesday, the steepest increase this year and a sign of rising inflationary pressures. The department also said wages have jumped at their highest rate in the past 12 months since September, 1985. The department reported that gross pay, after deducting benefits, rose 4.6% in the year ended Sept. 30, against a 5.0% gain for the September, 1985, year. The 1.
May 31, 1990 |
When negotiators for the networks and Hollywood studios filed into the executive dinning room at Warner Bros. on Wednesday morning for the latest round of talks in the so-called financial interest and syndication rules, the hostility between the two sides was as oppressive as the smog over the Burbank lot. The negotiators are coming down to the wire in their talks over whether to allow the networks a piece of the lucrative profits from television reruns.
May 15, 1991
High costs and a lack of political support are the major factors leading aerospace firms to move out of California, according to a study released Tuesday by the Los Angeles Area Chamber of Commerce. The study, conducted for the chamber by the consulting firm McKinsey & Co., estimated that as many as 150,000 aerospace jobs--and up to 250,000 jobs overall--could be lost in the state over the next five years if the state does not improve its business climate.
March 5, 1991 |
NASA's planned space station will be even smaller and more modest because of budget cuts and newly discovered design flaws, a newspaper reported. Until last year, the plan called for a 508-foot-long, 300-ton orbiting outpost housing up to eight astronauts. The station was to be placed in space piecemeal by the space shuttle would have cost $37 billion, not including operating expenses.
September 29, 1990 |
Thanks to the 7-year-old compact disc format, the record industry--whose sales plummeted during the oil shocks of the mid-1970s and early 1980s--is singing a more optimistic tune in the face of today's rising oil prices and looming economic downturn.