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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
Northrop Gets More Federal Records Work
Northrop Grumman Corp. said it was awarded a follow-on contract, valued at up to $100 million, from the U.S. Office of Personnel Management to electronically convert and store federal employee records.
Median Home Price Falls Two Months in a Row
The median sales price for homes in L.A. County fell for the second straight month in February.
L.A. Jobless Rate Jumps Again
L.A. County lost a whopping 74,000 payroll jobs in January, pushing the unemployment rate up to 12.5 percent, according the state Employment Development Department figures.
This Week’s Big Movers
The Los Angeles Business Journal’s index of the largest local public companies closed up for the week after February’s national employment report showed fewer jobs were lost than expected.
Council Approves Modified 'Internet Business' Tax
Moving to prevent numerous Internet-related businesses from leaving the city, the Los Angeles City Council has voted unanimously to create a new, lower business tax category specifically for Internet companies.
Thomas Properties Narrows Loss
Thomas Properties Group Inc. said its fourth quarter net loss decreased slightly as the Los Angeles real estate owner enjoyed improved revenue from its office properties.
Move’s Loss Widens
The real estate Internet site company Move Inc. reported a larger fourth-quarter loss as revenue slumped in a continuing slow market for home sales and leasing.
Podcast: Highlights from the L.A. Business Journal
Easy access to the Los Angeles Business Journal podcast is available from a link at the upper right corner of the home page. Click the standing link there, or here, to hear Editor Charles Crumpley provide highlights from the March 8 edition.
Burkle to Leave KB Home Board
KB Home said that Ron Burkle will not run for re-election to the Los Angeles homebuilder’s board at its annual stockholders meeting next month, so he can devote more time to other business interests.
CB Richard Ellis Names CFO
CB Richard Ellis Group Inc. said it promoted Gil Borok to chief financial officer.
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