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| May 29, 2017

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L.A. Archives -

Could Wells Fargo’s scandal boost mortgage discrimination lawsuits? L.A., other cities hope so

May 25, 2017 |

A recent Supreme Court decision that will allow mortgage discrimination cases against Wells Fargo and other banks to proceed is more than just another bad headline for the San Francisco financial giant.

As those cases progress, they represent yet another way that the bank’s practice of opening…

L.A. Times – Business

Pioneering media mogul and L.A. philanthropist Jerry Perenchio dies at age 86

May 24, 2017 |

Andrew Jerrold Perenchio, the man behind the curtain who deftly pulled the levers of power to create cultural defining media events, propel political candidates, collect masterpiece artworks and become one of the richest men in Los Angeles, has died. He was 86.

The enigmatic Bel Air billionaire,…

L.A. Times – Business

L.A. County median home price ties record high as housing market sizzles

May 24, 2017 |

The median home price in Los Angeles County has reached the all-time high set in 2007, a milestone that follows five years of steady recovery but comes amid renewed concerns over housing affordability.

Home prices rose nearly 6% in April from a year earlier, hitting the $ 550,000 level where the…

L.A. Times – Business

Pat Yan came to L.A. and built a meat empire. Now he’s ready to take his business back to China

May 15, 2017 |

Pat Yan arrived in Los Angeles with just $ 5 and a plastic bag filled with clothes. He now runs a company with 1,200 workers, facilities in North America and Asia and more than $ 1 billion in revenue.
L.A. Times – Business


L.A. Police Commission President In Favor Of Defacing Trump Star on Walk of Fame (VIDEO)

May 9, 2017 |

L.A. Police Commission President Matt Johnson is tough on crime … but not when it comes to vandalizing Donald Trump’s star on the Hollywood Walk of Fame. We got the Police Commission Prez at Craig’s in WeHo Monday night, and he had no problem…

L.A. city attorney wants more info from Wells Fargo

May 6, 2017 |

Wells Fargo & Co. is making progress toward meeting the requirements of a settlement agreement it reached last year with the Los Angeles city attorney’s office but still has a few problems to sort out, according to a report from the bank.

“It shows movement toward making consumers whole and changing…

L.A. Times – Business


YG’s Song ‘Meet the Flockers’ Inspired L.A. Robberies

April 29, 2017 |

The LAPD brass is furious at rapper YG for a song that inspired at least 3 guys to burglarize a number of homes in the L.A. area. Law enforcement sources tell us … the 3 guys — 2 of whom are 18 and one 19 — committed burglaries in the San…

Historic Fine Arts Building in downtown L.A. sold for premium price of $43 million

April 28, 2017 |

The historic Fine Arts Building, a downtown Los Angeles landmark, sold this week for about $ 43 million in a sign that the financial district is on the upswing in popularity among tenants and investors.

The richly embellished office tower at 811 W. 7th St. was purchased by Santa Barbara investment…

L.A. Times – Business


Beyonce and Jay Z Can’t Find a House in L.A. On Their Budget!!! (PHOTO GALLERY)

April 28, 2017 |

Beyonce and Jay Z have learned the hard way it’s hard to find a dream home when you’re on a budget, even if the budget is $ 80 MILLION!!! Bey and Jay have been looking at homes in L.A. for several years, but they’ve come up empty. Multiple real…

Why did L.A. County create another utility?

April 20, 2017 |

The Los Angeles County Board of Supervisors voted Tuesday to create a public energy program that will be run by the government with promises of lower bills and cleaner energy.
L.A. Times – Business