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| January 21, 2019

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LA Times Archives - Page 1173 of 1306 -

Shake-up on Hewlett-Packard board

April 5, 2013 |

Raymond Lane will quit as chairman but remain a director. G. Kennedy Thompson and John Hammergren will leave in May. The three had barely won reelection March 20.

Three members of Hewlett-Packard Co.’s troubled board of directors, including its chairman, will quit their posts after barely being reelected two weeks ago.


L.A. Times – Business

Bank of Japan unveils bold plan to lift economy, combat deflation

April 5, 2013 |

The Bank of Japan hopes to boost inflation to 2% within two years and stimulate consumer and business spending. Global economists applaud the move despite a weaker yen.

Japan’s central bank took a massive bet to reset its economy and pull out of nearly two decades of deflation.


L.A. Times – Business

Former Enron CEO may have his prison sentence shortened

April 4, 2013 |

Jeffrey K. Skilling, serving 24 years for his role in the energy giant’s collapse, could win an early release under a possible deal with federal prosecutors.

Former Enron Chief Executive Jeffrey K. Skilling, who is serving a 24-year prison sentence for his part in the collapse of the energy giant, could win an early release under a possible deal with the Justice Department.


L.A. Times – Business

Freddie Mac: 30-year mortgage rate falls from 3.57% to 3.54%

April 4, 2013 |

Mortgage rates dropped slightly during the first half of this week in reaction to news of slower growth in the economy, with lenders offering the 30-year fixed-rate loan at an average 3.54%, down from 3.57% a week ago, according to Freddie Mac’s latest survey.


L.A. Times – Business

Closure of three Southland hospitals may be part of a trend

April 4, 2013 |

Although Pacific Health’s action stems from a fraud case, experts say that about 10% of the state’s hospitals could close within 10 years because of Obamacare.

Hospital owner Pacific Health Corp. said it will close its three remaining Southern California hospitals, citing the fallout from a federal fraud case last year in which the company admitted paying to recruit homeless people off skid row in Los Angeles and billing the government for unnecessary care.


L.A. Times – Business

Banks are not complying with mortgage settlement, survey finds

April 4, 2013 |

Five major banks continue to pursue foreclosures against borrowers seeking loan modifications and fail to provide a single point of contact, an advocacy group says.

Banks aren’t living up to pledges they made in last year’s landmark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers.


L.A. Times – Business

CBRE Group builds for the future

April 4, 2013 |

Robert Sulentic, who took over the real estate services giant in December, is positive — though not euphoric — about growth this year, especially for tech, energy and manufacturing.

With corporate headquarters overlooking the hot office market in West Los Angeles, CBRE Group Inc. — the world’s largest real estate services firm — finished 2012 with a record $ 6.5 billion in revenue, and its new boss is optimistic about the year ahead.


L.A. Times – Business

Private-sector and service-sector job growth slow in March

April 3, 2013 |

Separate reports from payroll firm ADP and the Institute for Supply Management raise concerns about the strength of the recovery.

WASHINGTON — Private-sector employment growth and expansion in the vital service sector slowed last month, raising concerns about the strength of the recovery ahead of Friday’s government jobs report.


L.A. Times – Business

Former WellPoint CEO quit last year, still earned $20.6 million

April 3, 2013 |

Angela Braly, the former chief executive of insurance giant WellPoint Inc., earned $ 20.6 million last year despite resigning under pressure in August.


L.A. Times – Business

Service-sector growth slowed in March, ISM survey indicates

April 3, 2013 |

WASHINGTON — The service sector’s expansion slowed last month from its fastest pace in a year in February, the Institute for Supply Management said Wednesday.


L.A. Times – Business