Business Archives - Page 18 of 56

Wednesday, August 13, 2014

By Fronnie Lewis Wednesday, August 13, 2014

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A done deal for Los Angeles Clippers $2 billion purchase

It’s done deal. After months of turmoil and uncertainty, the Los Angeles Clippers have a new owner. Former Microsoft CEO, Steve Ballmer, is now in charge. The NBA announced yesterday that Ballmer is officially the new owner. Ballmer ponied up a heart stopping $2 billion dollars for the NBA franchise last April. Despite the legal wrangling of embattled former owner, […]

Sunday, August 10, 2014

By Fronnie Lewis Sunday, August 10, 2014

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High speed rail meeting draws big crowd in Burbank

A big turnout for the high speed rail meeting at the Buena Vista Library last Wednesday. Several times staffers had to bring out extra chairs and still there were people standing along the sides and back wall of the library meeting room, according to freelance photographer, Greg Reyna, who was there. It’s called a “scoping meeting.” The California High Speed […]

Saturday, August 9, 2014

Photo: FLLewis/Media City G - A crew worked on the landscape and irrigation at new parking lot in the 3900 block of West Magnolia Boulevard in Burbank August 9, 2014

By Fronnie Lewis Saturday, August 9, 2014

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Parking problems grow in Burbank’s Magnolia Park

A crew was out working on landscape and irrigation at the new parking lot in the 3900 block of West Magnolia Boulevard in Burbank this morning. The construction of the public parking lot has hit some snags in recent months, resulting in delays. Now, work on the lot appears to be moving forward at a brisk pace. Public Works Director, […]

Saturday, August 9, 2014

By Fronnie Lewis Saturday, August 9, 2014

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Disney inside trader sentenced to prison

A San Francisco man out to make a quick profit is now facing a prison sentence for insider trading involving the Disney deal to buy Marvel Entertainment. Disney scooped up Marvel back in 2009 for $4 billion. Last April, Toby G. Scammell pleaded guilty to one count of securities fraud stemming from his purchase pf more than 600 call options of Marvel […]

Thursday, July 31, 2014

Photo: FLLewis/Media City G -- Production shoot at Tony's Bella Vista on Magnolia Boulevard in Burbank March 6, 2014

By Fronnie Lewis Thursday, July 31, 2014

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Film production up in the Media City

Film production is up in the Media City. It’s been very busy over at the Burbank Police film permit office. Norma Brolsma has been running the operation for years. “Drowning in work,” Brolsma said last Thursday in an email. She wasn’t complaining, just describing how robust the permit business is in Burbank . So far this year, 500 Burbank permits […]

Tuesday, July 29, 2014

By Fronnie Lewis Tuesday, July 29, 2014

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Twitter shares soar on news of a surge in growth and profits

There’s a lot of tweeting going on these days. Twitter’s stock reportedly jumped at least 30 percent today after it revealed better than expected second-quarter earnings. The chatty social network reported $312 million in revenue beating a forecast of $283 million in revenue. Also, Twitter delivered more good news about a surge in users. In the second-quarter, the micro-blogging site […]

Tuesday, July 29, 2014

By Fronnie Lewis Tuesday, July 29, 2014

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Judge rules against Donald Sterling, Clippers deal to move forward

The NBA is high-fiving a ruling by Los Angeles Superior Court Judge Michael Levanas clearing the way for that $2 billion dollar Clippers deal to move forward. Judge Levanas decision yesterday gives a huge victory to Shelly Sterling. In the probate trial, Donald Sterling claimed his estranged wife had defrauded him by taking control of the Sterling Trust and negotiating that multi-billion […]

Monday, July 28, 2014

Photo: FLLewis/ Media City G -- Car slammed into traffic signal light pole in front of Porto's in Burbank July 28, 2014

By Fronnie Lewis Monday, July 28, 2014

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Car crashes in front of Porto’s in Burbank

Some scary moments in front of Porto’s Bakery and Cafe in Burbank this morning. A light tan sedan slammed into a traffic signal light pole a few feet from the entrance of the very busy establishment. The investigating Burbank Police officer says the driver was “coming from some medical appointment” and “apparently passed out .” It happened just as the […]

Sunday, July 27, 2014

Photo: Greg Reyna/ Freelancer / Media City G --(l-r) Demonstrators Tina McDermott and Chris Kelley held up protest signs in front of Hobby Lobby in Burbank July 26, 2014

By Fronnie Lewis Sunday, July 27, 2014

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Demonstrators continue the protest against Hobby Lobby

Demonstrators returned to Hobby Lobby in Burbank yesterday in small but determined numbers.They are protesting the recent U.S. Supreme Court ruling, which allows the giant crafts and home decor retailer to refuse to cover certain forms of female birth control in its employee health insurance plan because of the religious beliefs of the owners. The controversial high court decision allows […]