August 12 - August 18, 2007
Friday, Aug. 17
How bad? An engineering consultant told the Downtown News that it's "seismically sick." Others warn that an earthquake could bring...
I know, I know – we’re supposed to be ticked off at the Fed for easing the discount rate and,...
It’s kind of a watching-paint-dry report, with July joblessness falling to 4.8 percent from 4.9 percent in June. Statewide, the...
Sanford C. Bernstein analyst Michael Nathanson says that those revenues are moving over to national media. In retail advertising, for...
Now we have Banc of America analyst Robert Lacoursiere upping his rating on the troubled mortgage lender to "neutral" from...
Wall Street reacts to Fed: The Dow skyrocketed more than 300 points on news of the Fed's decision to lower...
Thursday, Aug. 16
Try Countrywide bonds, which Deal Journal reports are being priced at between 25 percent and 35 percent. Of course, they...
Shaky market: There are reports that the Federal Reserve is again pumping more money into the system, so we'll see...
The nation's largest mortgage lender drew down an $11.5 billion credit facility to boost its cash position. The move, announced...
Wednesday, Aug. 15
In its headline, the London Telegraph puts it indelicately, but accurately: "Bankruptcy scare for Countrywide, biggest US home lender, as...
CEO Kevin Sharer was trying to put the best face on today's news of a 12 percent to 14 percent...
Tribune says it's all good: The company insists that the financing to go private is set, despite a stumbling stock...
Tuesday, Aug. 14
When companies get into big trouble, there are established rules for containment. You must act quickly, act cohesively and try...
There are two separate recalls. One is for 436,000 die-cast cars worldwide that contain levels of lead paint considered impermissible....
So what else is new, right? L.A. County home sales fell 23 percent in July from a year earlier, which...
You have to at least wonder, considering that the stock is down this morning almost 4 percent - and has...
Mattel announces recall: And it's a big one, although different stories have different figures. The WSJ says more than 9...
Monday, Aug. 13
And the unnamed toy in question may contain excessive amounts of lead paint. Yikes. The AP couldn't get many specifics,...
Home sales freeze?: August could be very slow - perhaps the slowest month on record - because mortgage lenders have...
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The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
More From Mark Lacter:
After 22 years of loyalty, Baylor is unceremoniously shown the door.
Before I lived in Echo Park, there was a tiny 1920s bungalow-cottage-standalone house on N. Occidental in Silver Lake. I...
