August 10 - August 16, 2008
Friday, Aug. 15
Nouriel Roubini still may not be a household name, but the NYU economist is getting there. $MTEntryExcerpt$>
Emmis Communications is cutting salaries and some people, another sign of the times in the publishing biz. $MTEntryExcerpt$>
L.A. County's unemployment rate in July was 7.5 percent, which compares with
4.9 percent a year earlier. $MTEntryExcerpt$>
Gas nearing $4 a gallon, Netflix back in action, MGM wants to keep Tom Cruise, and NBC won't air Phelps live. $MTEntryExcerpt$>
Thursday, Aug. 14
The Donald has agreed to buy Ed McMahon's Bev Hills house in what’s being described as "an act of benevolence." $MTEntryExcerpt$>
July traffic at the Port of L.A. fell 2.54 percent from a year earlier, while the Port of Long Beach saw a 12.9 percent decline. $MTEntryExcerpt$>
L.A. ranks 26th among all California counties in foreclosure notices. It could be worse - you can be living in Merced.
$MTEntryExcerpt$>
The company didn't ship out any DVDs either Tuesday or this morning and only about half the normal volume on Wednesday. $MTEntryExcerpt$>
Inflation jumps in July, foreclosures still high in California, Greenspan expects relief early next year, and actors taking sides. $MTEntryExcerpt$>
Wednesday, Aug. 13
A $3.8-billion accounting charge for goodwill is another way of saying that Tribune overpaid for Times Mirror in 2000.
$MTEntryExcerpt$>
As part of the chain's bankruptcy reorganization, 11 stores in California will be shuttered in the fall.
$MTEntryExcerpt$>
Paula Wagner, who with longtime business partner Tom Cruise was supposed to revitalize United Artists, is calling it quits. $MTEntryExcerpt$>
Within Tribune's publishing group, revenue dropped 10.6 percent - and classified-ad revenues plunged 26 percent. $MTEntryExcerpt$>
NBC might go live nationwide in covering the swimmer's run for an eighth gold medal on Saturday night - if it gets that far. $MTEntryExcerpt$>
Auto doldrums depress economy, Longs sale may spur closings, new fraud claims against broker, and Chris Albrecht's early exit. $MTEntryExcerpt$>
Air India is dropping its three weekly round-trip flights, which is bad news for an airport that has been pushing overseas business. $MTEntryExcerpt$>
Tuesday, Aug. 12
New predictions of a financial failure, California's underwater homes, Downey's bleeding stops, and more trouble for Ed McMahon. $MTEntryExcerpt$>
Monday, Aug. 11
NY, SF and Chicago are grown up places where cabbies will pull over when you hail them. Try doing that in L.A. $MTEntryExcerpt$>
This could just be posturing, but Boeing might not submit a new bid for the $35-billion contract, opening the door for Northrop.
$MTEntryExcerpt$>
Higher oil prices can cause recessions, but lower oil prices will not spur recoveries. That requires a healthy economy. $MTEntryExcerpt$>
"Call me weak," says a WSJ reporter, "but sitting at the opening ceremonies in a pool of my own liquefied salt was a unique form of torture." $MTEntryExcerpt$>
Markets hold up despite Georgian fighting, DreamWorks honchos near deal with Indian company, and NBC scores in Beijing. $MTEntryExcerpt$>
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