Business

Friday, August 22, 2014

Talk of the Town: Allegations of harassment and bullying in parking dispute

The dispute over parking in the 3400 block of Magnolia Boulevard has taken an ugly and disturbing turn. Over a period of several months, some of the merchants have spoken out and contacted city officials about parking problems along that block. At the center of the dispute is the coffeehouse/cafe, Romancing the Bean. No longer a sleepy street known only to […]
Wednesday, August 13, 2014

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

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

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

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

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

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

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

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 […]