Advertisement
YOU ARE HERE: LAT HomeCollectionsService Industry
IN THE NEWS

Service Industry

FEATURED ARTICLES
NEWS
December 3, 1987 | From the Associated Press
The food service industry is fast becoming the biggest service industry in the U.S. economy, according to federal statistics. The U.S. Bureau of Labor Statistics expects nearly 2 million new jobs to be created in the food service industry by the mid-1990s, a 38% increase since 1982. There is even some concern within the industry that its rapid growth could mean a shortage of hands to fill the jobs.
ARTICLES BY DATE
BUSINESS
January 13, 2014 | By Shan Li
The economy of Los Angeles County is rebounding with signs pointing to a full recovery, according to one report. That is good news for California as a whole, since L.A. County alone contributes more than a quarter of the state's total economic output, or gross domestic product, according to a report by the National Assn. of Counties. The study took a look at local economies around the nation on a county level by tracking the performance of some 3,069 counties through four indicators -- economic output, employment, the jobless rate and home prices.
Advertisement
NEWS
September 29, 1985 | BRUCE HOROVITZ, Times Staff Writer
When the posh Ritz-Carlton in Laguna Niguel interviewed more than 5,000 prospective employees last year, it made each applicant face the music. Chamber music, to be precise. During a weeklong hiring binge before the hotel's grand opening, a live, four-piece chamber orchestra soothed eager applicants while they filled out detailed forms.
BUSINESS
May 4, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON — Growth in service industries, which make up 90% of the U.S. economy, slowed in April after surging the previous month, according to a leading gauge. The Institute for Supply Management said Thursday that its index of nonmanufacturing businesses fell to 53.5 last month, down from 56 in March. The drop was steeper than economists had been projecting and brought the index to its lowest level since November's 52.6. The April data came after the ISM reported Tuesday that manufacturing jumped in April to a 10-month high.
OPINION
February 3, 1991 | Gregg Easterbrook, Gregg Easterbrook is a contributing editor to Newsweek and the Atlantic Monthly
The other day I had a wonderful airline ride. The plane was half full, so most passengers sat by an vacant seat. The ground personnel went out of their way to be friendly. Cabin service was attentive and solicitous. The plane left precisely on time and arrived ahead of schedule. The flight-deck crew repeatedly thanked the passengers for their patronage. Baggage was delivered to the carousel promptly.
BUSINESS
August 28, 1996 | JOHN O'DELL, TIMES STAFF WRITER
An economic resurgence predicted for Orange County at the start of the year has become a full-fledged growth spurt that should continue for the next several years, according to economists at a major real estate consulting firm. "This is the first time in six years we can sit here with a lot of optimism about the economy," said Michael Meyer, managing partner of the Newport Beach-based E&Y Kenneth Leventhal Real Estate Group.
NEWS
October 28, 1992 | JERRY HOLDERMAN, SPECIAL TO THE TIMES
To hear Sherry Ventle tell it, she gets paid to chat with her girlfriends. "I don't think of it as work at all," Ventle, 37, says of her job as a manicurist at Geoffrey's Salon in Dana Point. "I've been at it for nine years now, and I think the reason I still enjoy it so much is that I've built a business around people I enjoy, people I'd probably hang out with if we both had more time."
BUSINESS
October 18, 1991 | From Times Staff and Wire Reports
Shamrock Sells Enterra Stake: Shamrock Holdings has sold its 1.9 million shares--or 11.8% interest--in Houston-based Enterra Corp. to institutional investors. "Shamrock made its original investment approximately five years ago and was instrumental in devising and implementing the strategy that has resulted in Enterra being one of the leading companies in the oil field service industry," said Enterra CEO D. Dale Wood.
BUSINESS
December 5, 1988 | GEORGE WHITE, Times Staff Writer
Marching in formation and chanting like Marines, the actors in a new television commercial are trying to advance a message: Cintas, a Cincinnati-based firm that sells and rents uniforms, is on the move. The commercial is evidence of change in an industry that was traditionally dominated by regional, family-owned enterprises that advertised only in the Yellow Pages and made modest profits by leasing linen to hotels and selling uniforms to factory workers.
BUSINESS
September 27, 1991 | From Washington Post
The Federal Communications Commission issued rules Thursday to rein in the interstate 900 telephone services industry, which is under attack for luring consumers into making costly long-distance calls. The commission also moved toward setting a national policy on Caller ID, a controversial service that displays the number of the phone from which a call is being made. The FCC signaled that interstate Caller ID is not far away, though there are privacy questions to be resolved.
BUSINESS
April 6, 2010 | Bloomberg News
Service sector industries expanded in March at the fastest pace since May 2006, indicating that the U.S. recovery was spreading beyond manufacturing and starting to create jobs. The Institute for Supply Management's index of non-manufacturing businesses, which make up almost 90% of the economy, rose to 55.4 from 53 in February. Readings above 50 signal expansion. A pickup in consumer purchases is benefiting companies such as cruise operator Carnival Corp. and electronics retailer Best Buy Co. and points to a broad-based expansion that may stimulate hiring.
BUSINESS
April 6, 2010 | Bloomberg News
Service industries expanded in March more than anticipated and at the fastest pace since May 2006, a sign of a broadening U.S. recovery that's starting to create jobs. The Institute for Supply Management's index of non-manufacturing businesses, which make up almost 90% of the economy, rose to 55.4 from 53 in the prior month. Today's figure exceeded the median forecast of 54 in a Bloomberg News survey of economists. Readings above 50 signal expansion. The manufacturing rebound that helped the world's largest economy dig out of the worst recession since the 1930s is starting to extend to other industries, benefiting companies such as Carnival Corp.
CALIFORNIA | LOCAL
January 6, 2010 | By Victoria Kim
The snowball effect of budget cuts in Los Angeles County's court system will result in a $30-billion hit to the local economy over the next four years, according to a study commissioned by the L.A. County Superior Court. The impact of closed courtrooms, increasing delays and job cuts projected in the coming years in the nation's largest trial court system will go beyond courthouse walls and lead to dramatic revenue and job losses in the legal services industry and other businesses, the study's authors found.
BUSINESS
July 4, 2009 | Bloomberg News
Stocks fell in Europe and Asia on Friday, extending the MSCI World Index's longest weekly losing streak since March, as reports on retail sales and the service industry added to concern that the first global recession since World War II will persist. U.S. markets were closed for the Fourth of July holiday. Metro AG, Germany's biggest retailer, slipped 2.5% as European retail sales dropped more than economists estimated. Seven & I Holdings Co.
OPINION
May 23, 2009
The bailouts may be winding down for the financial services industry, but the regulatory buildup is just beginning. New measures signed into law this week on credit card companies and mortgage lenders signal the postelection shift in attitude about the government's role in vigorously competitive markets. Congress is also considering additional safeguards on payday and home loans, and the administration may propose a new commission to regulate consumer credit and investment products.
CALIFORNIA | LOCAL
July 15, 2008 | Gale Holland, Times Staff Writer
Hundreds of service workers at the University of California's 10 campuses and five hospitals began a five-day strike Monday in a dispute over wages. University officials reported "minimal impact" from the walkout by custodians, cooks, healthcare workers and other employees. Campus shuttles were idled at UC Berkeley and cafeteria hours were curtailed at UC Irvine, but patient care was not affected at any of the university's five medical centers, they said.
BUSINESS
November 6, 2000
A look at how e-commerce is poised to change the food service industry will headline a gathering of restaurant owners, hotel managers, and others involved in food service today through Wednesday at the Long Beach Convention and Entertainment Center. Talks on harnessing the Internet for marketing, procurement, equipment acquisition and transactions will be among the activities at FS/TEC 2000. New products and services from more than 200 exhibitors will also be featured.
BUSINESS
January 13, 2014 | By Shan Li
The economy of Los Angeles County is rebounding with signs pointing to a full recovery, according to one report. That is good news for California as a whole, since L.A. County alone contributes more than a quarter of the state's total economic output, or gross domestic product, according to a report by the National Assn. of Counties. The study took a look at local economies around the nation on a county level by tracking the performance of some 3,069 counties through four indicators -- economic output, employment, the jobless rate and home prices.
BUSINESS
March 6, 2008 | Burton Frierson, Reuters
The slumping U.S. service sector and a weakening job market dealt further blows Wednesday to an economy teetering on the brink of recession, while bad news continued unabated on the inflation front. The U.S. service industry shrank for a second month in February, though at a slower pace, according to a report by the Institute for Supply Management that showed more improvement than expected but still painted a weak picture overall. The U.S. private sector unexpectedly shed jobs for the first time in nearly five years in February, according to a private report that does not bode well for the government's key employment report Friday.
Los Angeles Times Articles
|