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Developers buy Rhythm & Hues' ex-headquarters in El Segundo
The former El Segundo headquarters of the visual effects studio Rhythm & Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms. Rhythm & Hues was acquired in March in a...
Tags: Real Estate Buyers, Services and Shopping, Entertainment, Financially Distressed Companies, Real Estate
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Koch brothers want to make your newspaper their megaphone
The people of Los Angeles would be up in arms if some out-of-town billionaires tried to buy the Dodgers and institute a rule that only right-handers could play on the team. Petitions would be signed, protests would be organized and politicians would...
Tags: Tribune Company, Mutual Funds, Media Industry, Charles Koch, Newspaper and Magazine
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Rhythm & Hues effects house in search of a new home
Rhythm & Hues, the Oscar-winning visual effects house that recently emerged from bankruptcy protection, is now looking for a new home. As Times writer Roger Vincent reports, the company's 200,000-square-foot El Segundo headquarters has been sold for $25...
Tags: The Weinstein Company, Twentieth Century Fox Film Corp., Companies and Corporations, Economy, Business and Finance, Animation (Movie Genre)
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Pro athletes who shop for workers' comp
In recent years, California has become a favorite venue for workers' compensation claims by athletes with only tenuous ties to the Golden State. Many former pros have won six-figure awards for injuries built up over time even though they've never lived or...
Tags: Career and Workplace, Crime, Law and Justice, Insurance, Health Insurance Cost, Justice System
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Dodgers are breaking even on the field, doing better off it
On the day Frank McCourt surrendered the keys to Dodger Stadium and cashed out, the Dodgers had the best record in the National League. In the year since Mark Walter flashed his cash and Magic Johnson flashed his smile — from May 1 of last year...
Tags: Bud Selig, Major League Baseball, Carl Crawford, Los Angeles Dodgers, Magic Johnson
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San Bernardino police officers criticize city officials on billboard
The San Bernardino police officers' union took a very public shot at several of the bankrupt city's elected officials with a billboard proclaiming, "Congratulations! You've made San Bernardino the WORST run city in America!" The billboard featured...
Tags: Career and Workplace, Public Officials, Labor Legislation, Shootings, Politics
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Electric car maker Coda files for bankruptcy, will go up for sale
Coda Automotive Inc., the Los Angeles-based electric-car maker backed by billionaire Philip Falcone, has filed for bankruptcy and will put itself up for sale. Coda listed assets of no more than $50 million and liabilities of up to $100 million in the...
Tags: Automotive Equipment, Kelley Blue Book LLC, General Motors Corp., Economy, Business and Finance, Manufacturing and Engineering
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Fisker used political connections to get loan, U.S. lawmakers say
WASHINGTON — Top executives from failed hybrid car maker Fisker Automotive Inc. denied claims in Congress that the company had used political connections to secure $192 million in government loans to finance a flawed business plan. The...
Tags: Darrell E Issa, Automotive Equipment, Thomas Edison, Energy, U.S. Congress
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Blame all around in Stockton
After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them....
Tags: Crime, Law and Justice, Interior Policy, California Public Employees' Retirement System, Judges, Justice System
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New Orleans asks judge to seize troubled prison from sheriff
Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing. For years, the Orleans Parish Prison has been criticized by theĀ U.S....
Tags: Crime, Law and Justice, Public Officials, Judges, Justice System, Politics
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Jay Leno ribs bankrupt Stockton on "Tonight Show" -- again
For the second time in less than a week, comedian Jay Leno turned to Stockton for material. The California city again made headlines this month when it was deemed eligible for bankruptcy protection, allowing it to move forward in reorganizing its debt....
Tags: Lindsay Lohan, Lotteries, Jay Leno, Lifestyle and Leisure, The Tonight Show (tv program)
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California Athletic Commission may get two-year reprieve
SACRAMENTO -- Just months ago, the California Athletic Commission appeared down for the count, on the verge of insolvency, but a key lawmaker now says he's willing to give the commission and its new managers another chance. State Sen. Curren Price Jr....
Tags: Interior Policy, Elaine Howle, Pension and Welfare, Consumers, Jerry Brown
May 9, 2013
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