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June 29 - July 5, 2009

Read ALL the Stories in the Weekly Edition

Last One Standing
Under the weight of a portfolio full of shaky loans, FirstFed is working to stabilize its standing.

L.A. Jumping Through Hoops to Save Cirque
The city of L.A. may step in with a loan to keep a Cirque du Soleil project airborne.

Is Anybody Willing To Take the ‘Fifth’?
The dream of a more dynamic downtown L.A. took a blow with the Park Fifth project going up for sale.

Online Auction Failing to Click
Online auctioneer Bidz.com has seen shares decline in the wake of a series of shareholder suits.

Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Updated: 7/2/2009 3:22:04 PM

City National Will Accept State's IOUs
City National Corp., the parent of Los Angeles' largest locally based bank, said that it will accept IOUs issued by the state from its clients.

21st Century Insurance Group Sales Closes
American International Group Inc. said it has closed the sale of 21st Century Insurance Group to Farmers Group Inc. for $1.9 billion.

Pacific Office Properties CEO to Leave Company
Pacific Office Properties Trust Inc. said Chief Executive Dallas Lucas will leave the struggling Los Angeles real estate investment trust at the end of August.

Jakks, THQ in Dispute Over WWE Partnership
Jakks Pacific Inc said that it had entered into arbitration with joint-venture partner THQ Inc. over the Malibu toymaker’s decision to extend its videogame licensing with World Wrestling Entertainment Inc.

VCA Antech Acquires Veterinary Technology Company
VCA Antech Inc. said that it has acquired Eklin Medical Systems Inc., a Santa Clara maker of digital radiology, ultrasound and practice management software for the veterinary market.

Poll: How Do You Social Network?
Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. Easy access to the poll is available from links on the left column of the home page. A new poll is now online.

More Latest Local News...

Kennedy Proposes Government Health Plan, Employer Fee (Bloomberg)

Online Advertisers Launch Sweeping Rules Over Data Privacy (USA Today)

Oscar-Winning Actor Karl Malden Dies at 97 (Variety)

Jon & Kate Plus Liability: Split Puts Insurer, Producer at Risk (Bloomberg)

Cheap Is the New Cool But Will America Stay Thrifty? (Reuters)

Is Twitter the News Outlet for the 21st Century? (AP)

Fraud Charges Filed Against Van Nuys Companies
A Federal Trade Commission crackdown dubbed "Operation Short Change" alleges that five Van Nuys companies bilked consumers out of $300 million by selling fraudulent programs related to real estate or online businesses.

Schwarzenegger Hopes IOUs Sway Budget Debate
If the stigma of issuing IOUs triggers a budget deal in the coming days, Gov. Arnold Schwarzenegger might find redemption in his strategy of quashing a stopgap solution that would have avoided those non-cash payments.

Dispute Over Former Shipyard Site On Hold
A Los Angeles historical group, the Port of Los Angeles and a Long Beach firm agree to a truce brokered by Councilwoman Janice Hahn. The accord allows a plan for dredging the harbor to move forward.

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