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NEWS
By Christopher Cadelago | March 25, 2009
BURBANK — The city’s investment portfolio grew by more than $30 million over the last year, despite an economic crisis. Burbank’s $396-million portfolio has a market value of $383 million and a monthly yield of 3.76% as of December, City Treasurer Donna Anderson said. Anderson expects the portfolio’s market value — the total amount at which a security is trading and could be sold — to reach 100% of face value once the city settles its lawsuit with Lehman Brothers, which filed for bankruptcy in September, she said.
NEWS
By Christoper Cadelago | September 8, 2009
CITY HALL — Burbank’s $396-million portfolio earned 2.71% in interest as of June, according to the latest report from the city treasurer’s office. The portfolio’s market value should rebound once the city settles with Lehman Brothers, which last September filed for Chapter 11 bankruptcy protection, City Treasurer Donna Anderson said. If the entire portfolio was to be sold on the market today, it would fetch $388 million for an $8-million hit, according to a city report.
ENTERTAINMENT
By Joyce Rudolph | June 3, 2009
John Burroughs High School seniors can now say they are published authors, following a senior project assigned by their English teacher. It’s a challenge to keep seniors focused in the final months of their senior year, so teacher Rex Bullington came up with the idea for the book project. “I wanted to create something that was a little more interesting to them,” he said. “The common thread for them in English this year was self-realization, and ‘who am I’ became their theme for the year.
ENTERTAINMENT
By Joyce Rudolph | April 25, 2009
High school students who have been pioneers this semester in a university-level art class will get a taste of the limelight when their work is unveiled today in a culminating exhibition at Woodbury University. Twelve students from John Burroughs and Burbank high schools have been learning how to prepare for acceptance to universities and art schools during the Portfolio Workshop taught by Doug Post, a Woodbury instructor. Three of the participants were 12th-graders Hannah Yonce, 18, and Angelica Magno, 17, and 11th-grader Andrew Chavez, 17, all Burroughs students.
NEWS
By Chris Wiebe | October 28, 2006
CITY HALL — Burbank Water and Power will renew a contract with a coal-driven power plant while phasing out the city's reliance on energy sources known to negatively affect the environment and perpetuate global warming. The Delta, Utah-based facility plant, which has provided Burbank with more than half its electricity for 20 years, continues to supply a major share of the city's power portfolio because coal remains an efficient and cost-effective power source, Assistant City Manager Mike Flad said.
NEWS
By Gretchen Meier, gretchen.meier@latimes.com | February 8, 2011
More than two years after the collapse of Lehman Bros., Burbank is still pining for the $10 million it lost in the deal. Following Lehman’s declaration of bankruptcy in September 2008, Burbank filed a lawsuit alleging top executives of the company knowingly committed fraud by misrepresenting the value of the firm’s assets. The city’s case was lumped into a larger class-action lawsuit in 2009 and has been making its way through the court system. “It is fairly consistent with the federal rules of civil procedure that the case was transferred and not unexpected,” said city spokesman Keith Sterling.
NEWS
February 21, 2001
After viewing the TV forum on the qualifications of the candidates for Burbank public offices, I have concluded that Bob Kramer is definitely not qualified to be Burbank's next city treasurer. What are the qualifications for watchdog? The only watchdogs I know have four legs and are trained to protect people and their property. Almost anyone could be a watchdog because it doesn't require any specialized training, education, background or experience.
NEWS
February 21, 2001
I voted for Bob Kramer both times when he was running for City Council. I did that because I thought he was a man of integrity who had the best interests of Burbank at heart. I've changed my mind. His willingness to parlay his name recognition into getting elected as city treasurer, so he can (admittedly) have a job paying $70,000 annually for which he is completely unqualified, does not indicate integrity -- quite the opposite. I am equally disappointed in those city employee unions that chose to endorse him. This screams out that political cronyism is alive and well in Burbank.
THE818NOW
April 3, 2013
The Walt Disney Co. 's recently acquired Lucasfilm Ltd.  subsidiary announced on Wednesday that its video game unit will no longer develop games.  LucasArts, which was founded in 1982, is best known for a slew of "Star Wars" video games. Lucasfilm said in a statement that the company will now look to license its intellectual property rather than create video games in-house. "After evaluating our position in the games market, we've decided to shift LucasArts from an internal development to a licensing model, minimizing the company's risk while achieving a broader portfolio of quality 'Star Wars' games," Lucasfilm said in a statement.
NEWS
November 12, 2012
Hudson Pacific Properties Inc. bought a 60% share of the $342-million Pinnacle office complex in Burbank from M. David Paul & Associates/Worthe Real Estate Group, bringing together two of Southern California's biggest entertainment industry landlords as co-owners. The Pinnacle is made up of two office buildings on 4.3 acres near  Warner Bros.  Studios, Burbank Studios and Walt Disney Studios. Tenants include Warner Bros. Entertainment Inc., KIIS-FM and Elektra Entertainment, the Los Angeles Times reported . Among properties owned by Hudson Pacific are Sunset Bronson Studios, Sunset Gower Studios and the Technicolor Building.
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NEWS
By Christoper Cadelago | September 8, 2009
CITY HALL — Burbank’s $396-million portfolio earned 2.71% in interest as of June, according to the latest report from the city treasurer’s office. The portfolio’s market value should rebound once the city settles with Lehman Brothers, which last September filed for Chapter 11 bankruptcy protection, City Treasurer Donna Anderson said. If the entire portfolio was to be sold on the market today, it would fetch $388 million for an $8-million hit, according to a city report.
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ENTERTAINMENT
By Joyce Rudolph | June 3, 2009
John Burroughs High School seniors can now say they are published authors, following a senior project assigned by their English teacher. It’s a challenge to keep seniors focused in the final months of their senior year, so teacher Rex Bullington came up with the idea for the book project. “I wanted to create something that was a little more interesting to them,” he said. “The common thread for them in English this year was self-realization, and ‘who am I’ became their theme for the year.
ENTERTAINMENT
By Joyce Rudolph | April 25, 2009
High school students who have been pioneers this semester in a university-level art class will get a taste of the limelight when their work is unveiled today in a culminating exhibition at Woodbury University. Twelve students from John Burroughs and Burbank high schools have been learning how to prepare for acceptance to universities and art schools during the Portfolio Workshop taught by Doug Post, a Woodbury instructor. Three of the participants were 12th-graders Hannah Yonce, 18, and Angelica Magno, 17, and 11th-grader Andrew Chavez, 17, all Burroughs students.
NEWS
By Christopher Cadelago | March 25, 2009
BURBANK — The city’s investment portfolio grew by more than $30 million over the last year, despite an economic crisis. Burbank’s $396-million portfolio has a market value of $383 million and a monthly yield of 3.76% as of December, City Treasurer Donna Anderson said. Anderson expects the portfolio’s market value — the total amount at which a security is trading and could be sold — to reach 100% of face value once the city settles its lawsuit with Lehman Brothers, which filed for bankruptcy in September, she said.
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