October 12 - October 18, 2008
Saturday, Oct. 18
Qantas begins using the Airbus monster for its service between L.A. and Melbourne. $MTEntryExcerpt$>
Considering how the Democrats are so fervently tying big bad business with the GOP... well, you see the problem. $MTEntryExcerpt$>
Friday, Oct. 17
On a day that has seen bleakness most everywhere, it's hard not to find fascination over news that Sumner Redstone is in trouble. $MTEntryExcerpt$>
The popular real estate Web site has a lot of eyeballs and VC funding. But revenues are not yet covering expenses. $MTEntryExcerpt$>
After a close-out sale during the holiday season, the Hayward-based department store chain will wind down operations.
$MTEntryExcerpt$>
One closely watched indicator shows more willingness of banks to lend to other banks. $MTEntryExcerpt$>
Rather than lend, many banks, especially the healthier ones, would prefer to use government money as a cushion. $MTEntryExcerpt$>
The September unemployment rate was 7.8 percent, which is a tad lower than the 7.9 percent rate in August. $MTEntryExcerpt$>
Plans for a 45-story luxury condo tower at Santa Monica Boulevard and South Moreno Drive have been shelved. $MTEntryExcerpt$>
Gas prices drop for the 17th straight week, office vacancies are rising (and rents are falling), and Buffett still bullish. $MTEntryExcerpt$>
Thursday, Oct. 16
Producer Bill Block thought Oliver Stone’s treatment of Bush’s rise to power would appeal to middle America. $MTEntryExcerpt$>
There's just a lot of interest among investors, who are having a hard time knowing where to put their money. $MTEntryExcerpt$>
Tribune Co. says it will drop the Associated Press, though it has two years to work out a deal. $MTEntryExcerpt$>
More red ink at Merrill and Citi, California gets needed cash, traffic falls at ports, and new plan for California Adventure. $MTEntryExcerpt$>
Wednesday, Oct. 15
So much for the hope that the market had hit bottom earlier in the week. $MTEntryExcerpt$>
Given the accuracy of 2008's economic forecasts you might wonder whether it's worth the effort. $MTEntryExcerpt$>
It's almost unfair to dredge up the bullish scenarios that developers had been offering a year ago. Almost. $MTEntryExcerpt$>
There has been a little loosening in some of the widely-watched indexes, but it's like comparing a 99-degree day with a 103-degree day. $MTEntryExcerpt$>
Stocks sinking on bad economic news, more regulation is considered key, gas prices keep falling, and new idea for Bev Hills project. $MTEntryExcerpt$>
Tuesday, Oct. 14
Godfather Hank Paulson lays out a plan to inject $250 billion into the banking system - and the terms are non-negotiable. $MTEntryExcerpt$>
We're starting to get an idea of how many millions have been lost in the stock market by big-shot chief executives. $MTEntryExcerpt$>
It's a 53-39 percent edge, according to the CBS/NYT poll, just out this afternoon. $MTEntryExcerpt$>
Be happy, be hopeful - there is no shortage of opinion on whether the bank bailout will work. $MTEntryExcerpt$>
The state treasurer's office took orders for more than a third of the $4 billion worth of notes being sold this week. $MTEntryExcerpt$>
A Korean firm will invest $100 million for the first phase of the long-delaed downtown project.
$MTEntryExcerpt$>
California starts selling short-term notes, Dodgers team up with the William Morris agency, and Redstone could be vulnerable. $MTEntryExcerpt$>
Monday, Oct. 13
After cutting the cord at Paramount, the refashioned DreamWorks studio has a seven-year distribution deal. $MTEntryExcerpt$>
That's an 11 percent jump on the day.... $MTEntryExcerpt$>
Downey Savings & Loan has been in a world of hurt for some months now, but the backstory is not what you might expect. $MTEntryExcerpt$>
The Dow climbs over 9000. The all-time high is 14,164.53.... $MTEntryExcerpt$>
In a single paragraph, Variety's Peter Bart manages to blow off almost 4 million people and an economy of around $400 billion. $MTEntryExcerpt$>
That's what happens when much of the sales activity involves foreclosed properties (roughly a third of all sales in the county). $MTEntryExcerpt$>
The Dow is up sharply in early trading, but there's a lot of skepticism about whether the rally will last. $MTEntryExcerpt$>
European exhanges are up 4-6 percent, following Asia's big advances. $MTEntryExcerpt$>
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