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.
May 2, 1995 |
There's a hell of a lot of money riding on this summer's movies. While Universal Pictures executives are shivering over whether audiences will flock to the studio's $175-million futuristic action movie "Waterworld," rival companies also have a bad case of the jitters over the kind of dollars being spent to produce and market their major big-screen offerings this summer.
April 10, 1990 |
NBC News is planning to make a $3.5-million budget cut throughout the news division, according to sources at the network. The budgets of both NBC News bureaus and individual programs such as "Today" and "NBC Nightly News" are being reduced. NBC News has an annual budget of about $250 million. No layoffs are planned at this point.
June 25, 1999 |
"Amanda America," a Civil War-era television movie set in the Deep South, is being shot in Toronto in the Great White North. A TV movie about New York Yankee Manager Joe Torre was also filmed in Toronto. The recent feature film "A Walk on the Moon," set against the 1969 Woodstock music festival, was shot in Montreal rather than Upstate New York where the event actually took place.
May 4, 1993 |
Atlantic Richfield Co. has lowered by as much as $200 million the estimated cost of improving its Los Angeles refinery to meet stricter clean air standards. Arco and other refiners face substantial costs to modify their Southern California facilities to produce cleaner-burning reformulated gasolines to meet a California-mandated deadline of March, 1996.
December 17, 2001 |
Steel-producing nations are meeting today and Tuesday in Paris to discuss slashing production in a bid to boost prices from their lowest level in more than a decade. Analysts doubt their plan will work. Steel companies worldwide are suffering from a glut left from last year, when output surpassed demand by 10%.
February 12, 1989 |
Necessity has become the mother of practical new ways of making the business of opera run, as the artistic and financial burden has escalated in recent years. Between creating and funding a new production from scratch and booking a touring company lies a wide range of rent, trade and buy options.
May 13, 1990 |
A white-haired former dentist whose hallmark is the calm, quiet manner of a Marcus Welby, Rep. Ron Packard, at first blush, hardly seems like the sort of man to take on career bureaucrats at NASA and the Air Force. But that is just what Packard, who represents southern Orange County, is doing.