October 1st, 2009
A court says William J. Ruehle’s statements to company lawyers about an alleged option-backdating scheme are not protected by attorney-client privilege and can be admitted as evidence at his trial.
Federal prosecutors won a key ruling Wednesday in their option-backdating case against Broadcom Corp.’s former finance chief.



Posted in Los Angeles Business News | Comments Off
October 1st, 2009
ABC and CBS are discouraging their stars from appearing on the new prime-time talk show to keep it from undercutting their costly dramas. NBC says it’s not concerned.
Despite a new prime-time perch and a larger audience, NBC comedian Jay Leno is fishing for guests from a substantially smaller pool of talent.



Posted in Los Angeles Business News | Comments Off
October 1st, 2009
Any issue featuring so many interest groups cantering about on hobbyhorses is an issue where the truth goes to die. So let’s try a shot of reality.
Every circus needs a sideshow, which must be why every time the issue of rising medical costs gets debated, politicians start clamoring for “tort reform.”



Posted in Los Angeles Business News | Comments Off
October 1st, 2009
St. Luke’s Anglican Church in La Crescenta broke away from the Episcopal Church in 2006 in a dispute over biblical authority and interpretation, including consecration of an openly gay bishop.
A Los Angeles County Superior Court judge Wednesday ordered leaders of a former Episcopal church in La Crescenta to turn over church property by Oct. 12 to the Episcopal Diocese of Los Angeles, marking the latest wrinkle in a long-running legal dispute.



Posted in Los Angeles Local News | Comments Off
October 1st, 2009
Sierra Pacific’s announcement comes less than a week after the Schwarzenegger administration pushed through new rules allowing the company to sell carbon credits.
The state’s largest timber company Wednesday announced a groundbreaking agreement to begin marketing its vast forests as a weapon in the fight against global warming.



Posted in Los Angeles Local News | Comments Off
October 1st, 2009
The hotel has refused to commit to rehiring the employees, many of whom are immigrants, when work is done in 2011. Many are worried about losing affordable health coverage.
The Hotel Bel-Air closed quietly Wednesday, shutting for two years of renovations without agreeing to a severance package with its unionized employees.



Posted in Los Angeles Business News | Comments Off
October 1st, 2009
A court says William J. Ruehle’s statements to company lawyers about an alleged option-backdating scheme are not protected by attorney-client privilege and can be admitted as evidence at his trial.
Federal prosecutors won a key ruling Wednesday in their option-backdating case against Broadcom Corp.’s former finance chief.



Posted in Los Angeles Business News | Comments Off
October 1st, 2009
The insurer, whose customers are mainly African American, is losing $200,000 a month and about to run out of funds completely, officials say. The state hopes to find a new firm to take over policies.
State insurance regulators have seized control of Golden State Mutual Life Insurance Co., a financially struggling company that has primarily served the African American community for the last 84 years.



Posted in Los Angeles Business News | Comments Off
October 1st, 2009
McCain vows to continue effort to strip $2.5-billion for 10 additional planes from the defense bill. Obama and Gates also say the extra C-17s are not needed.
The Senate on Wednesday shot down an effort to kill funding for Boeing C-17 military cargo planes that President Obama says are not needed, underscoring the turbulence the White House faces in trying to cut money for politically popular projects.



Posted in Los Angeles Local News | Comments Off
October 1st, 2009
Green-technology firms attracted the largest share of venture capital in the third quarter, with global investments rising to $1.59 billion, according to a survey released Wednesday by Cleantech Group and Deloitte & Touche.



Posted in Los Angeles Business News | Comments Off