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BUSINESS
January 12, 2010
This month's makeover COMPANY SNAPSHOT Business: Design Models of California Inc. is an El Segundo shop that makes working and static prototypes and models -- from small-scale to full-size mock-ups -- for aerospace, engineering, architecture and toy manufacturing clients. It also makes props and displays for museums and the entertainment industry. Owner: Chad T. Takenaka Employees: One Revenue: $295,000 for the fiscal year that ended June 30 History: In 2006, Takenaka bought the California assets of Design Models Inc., which was founded in El Segundo in 1977.
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BUSINESS
January 15, 2014 | By James Barragan
President Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former state Cabinet secretary, to head the Small Business Administration. Contreras-Sweet, who is highly regarded in the L.A. business community, is expected to be nominated Wednesday afternoon. She would fill the last vacancy in Obama's Cabinet. Born in Guadalajara, Mexico, Contreras-Sweet immigrated to Los Angeles when she was 5. She was the first Latina to serve as a Cabinet secretary in California when she was secretary of the Business, Transportation and Housing Agency from 1999 to 2003.
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BUSINESS
March 19, 1999
The National Community Reinvestment Coalition and Small Business Administration today will announce a new pilot program to make it easier to obtain small-business loans. SBA Administrator Aida Alvarez will speak.
BUSINESS
August 21, 2013 | By Andrea Chang
Yelp Inc. was hoping to debunk misconceptions and ease business owners' concerns about the popular review website. Instead, many small-business owners at the company's town hall meeting in Hollywood on Tuesday slammed the site, venting their frustration at Yelp for aggressive advertising tactics and bogus reviews that they said hurt their businesses. "I have one-star reviews for my diner from people that have never walked into the place. They've never stepped foot, they've never tried the food, but they give me one-star reviews.
BUSINESS
March 12, 2006
Small-business owners and would-be entrepreneurs: Got a question about running or starting up a small enterprise? Whether it's employment law, benefits, financing, taxes, marketing or dealing with red tape, send your questions to the Los Angeles Times and we'll select a sample to be answered by small-business experts. Look for In Box, by columnist Karen E. Klein, in the Business section on Wednesdays starting this week. E-mail questions to karen.e.klein@latimes.
BUSINESS
July 29, 1998
The Los Angeles Times continues its outreach to small business with the first Small Business Strategies Conference on Oct. 17 and 18. For details, call (800) 350-3211 or go to http://www.latimes.com/sbsc.
BUSINESS
July 19, 2013 | By Chad Terhune, This post has been updated. See note below for details.
Health insurance giant Anthem Blue Cross said it won't participate in California's new insurance market for small businesses. Anthem, a unit of WellPoint Inc., is California's largest insurer for small employers. This surprising move could hamper the state's ability to enroll businesses in its new exchange called Covered California that opens Jan. 1 as part of the federal healthcare law. Instead, Anthem said it will keep selling coverage to small firms outside the exchange in direct competition with the state-run market.
BUSINESS
July 9, 2013 | By Adolfo Flores
Small-business optimism fell in June, a turnaround from a slight increase in May, according to a survey from the National Federation of Independent Business. The group's economic index fell to 93.5, from 94.4 in May, which was its second-highest reading since the recession started. Job-creation plans increased slightly in June, the group reported, but expectations for improved business conditions remained negative. “The economy remains 'bifurcated,' with the big firms producing most of the GDP growth with little help from small business,” Bill Dunkelberg, the group's chief economist, said in a statement.
BUSINESS
July 3, 2013 | By Adolfo Flores
Despite making progress, the federal government fell short of its 2012 small-business contracting goals, according to figures released Tuesday. U.S. agencies awarded 22.25% of federal contracts to small firms, just shy of the goal of 23%, the Small Business Administration said. But it was an increase from 21.65% in 2011. The government did exceed its contract goals for small businesses owned by people of color and disabled veterans. However, it missed its goals for small businesses owned by women and those in historically underserved business zones.
BUSINESS
June 20, 2013 | By David G. Savage, Los Angeles Times
WASHINGTON - The Supreme Court, in its latest ruling to bar class-action claims against big corporations, blocked restaurant owners from joining together to sue American Express Co. over high credit card fees. In a 5-3 decision Thursday, Justice Antonin Scalia said American Express can use its arbitration agreement to squelch the class-action claim from the restaurants, even if the dominant credit card company is violating antitrust laws and the class suit is the only affordable way to raise the claim.
BUSINESS
June 13, 2013 | By Chad Terhune, Los Angeles Times
California Insurance Commissioner Dave Jones wants industry giant Anthem Blue Cross barred from the state's new health exchange for small businesses because he says the company imposes excessive rate hikes. Jones said the state's largest for-profit health insurer should be denied access to the state-run market where thousands of small employers will purchase health coverage for their workers. Covered California, the state agency implementing the federal healthcare law, said it would consider the commissioner's request alongside many other factors in deciding which insurers to pick.
BUSINESS
June 4, 2013 | By Chad Terhune, Los Angeles Times
Blue Shield of California owes $24.5 million in rebates to thousands of small-business customers, and rival Anthem Blue Cross will return $12 million to small firms under requirements of the federal healthcare law. The annual rebates were disclosed in reports to state regulators, and the final tally from some companies may change before they are paid out by Aug. 1. The rebate is required under the federal Affordable Care Act when insurers fail...
BUSINESS
May 14, 2013 | By Jim Puzzanghera
WASHINGTON -- Small-business owners were more optimistic about the economy in April, but "pessimism abounds" in a sector that is barely growing, the National Federation for Independent Business said Tuesday. The trade group's Index of Small Business Optimism increased 2.6 points to 92.1 last month after dropping in March. The change was driven by higher expectations that the economy will improve, projections of improved sales and more plans to hire new employees. Still, the April figure was barely above the 90.7 monthly average since the end of the Great Recession, and below the 94.5 reading a year earlier.
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