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2007 Year

CALIFORNIA | LOCAL
January 6, 2004 | Gregory W. Griggs, Times Staff Writer
Citing environmental considerations and inclement weather, Caltrans officials said Monday that replacement of the Ventura Freeway's Santa Clara River bridge is expected to be delayed until 2007. Work on the massive $112-million bridge and road-widening project, which includes a redesign of the Ventura Freeway and Oxnard Boulevard interchange, was to be completed in 2006. Officials also said the interchange portion of the project could be finished ahead of schedule.
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BUSINESS
December 17, 2010 | By Jerry Hirsch, Los Angeles Times
Federal safety regulators have opened an investigation into steering problems with the Saturn Ion. The National Highway Traffic Safety Administration said it has received 633 complaints alleging sudden loss of power assist to the steering in Saturn Ion vehicles from the 2004-2007 model years. About a third of the complaints to NHTSA were filed in the last six months. The cars were manufactured and sold by General Motors Co. but the automaker scuttled the brand and closed its operations last year as part of its bankruptcy reorganization.
CALIFORNIA | LOCAL
August 4, 2012 | By Richard Winton, Los Angeles Times
A man who escaped a Florida prison in 1977 only to be recaptured three decades later in the Inland Empire is now suspected of killing at least four women in Southern California during his years on the run. Larry D. Hubbard was arrested by Ontario police on an outstanding Florida escape warrant in May 2007, and died following an attempted suicide after he was returned to Florida. But Los Angeles cold case homicide detectives say they have now linked Hubbard through DNA testing and other evidence to the slayings of four women, each found strangled and abandoned in open fields.
BUSINESS
July 23, 2008 | Peter Y. Hong and Richard Simon, Times Staff Writers
The price tag for the nation's housing crisis escalated again with reports Tuesday that a record number of Californians lost their homes to foreclosure in the last three months and that a potential bailout of mortgage giants Fannie Mae and Freddie Mac could reach $25 billion.
BUSINESS
April 2, 2008 | From Times Wire Services
Amgen Inc. Chief Executive Kevin Sharer's compensation fell sharply to $13.2 million in 2007, a year when shares in the world's largest biotechnology company plunged amid government warnings about its leading drugs. Sharer's pay dropped nearly 29% from his total 2006 compensation of $18.6 million, according to figures in an Amgen filing with the Securities and Exchange Commission.
BUSINESS
January 29, 2009 | Times Wire Reports
Toyota Motor Corp. said it would recall almost 1.3 million vehicles worldwide because of a defect that could cause a foam pad near the seat belt to ignite during collisions. The Japanese automaker said the recall included 134,900 2006 and 2007 model-year Yaris subcompacts sold in the U.S. Toyota Motor Sales USA said it was working with the National Highway Traffic Safety Administration to recall the vehicles.
BUSINESS
March 16, 2007 | From Reuters
General Motors Corp. said it would offer no-interest loans for a period of three years and $1,000 cash rebates on many 2006 and 2007 model-year vehicles. The automaker's new Silverado pickup trucks are included in the incentive program, which runs through April 3. GM, which swung to a profit in the fourth quarter, saw U.S. sales increase nearly 4% in February. The automaker said it had reduced incentives too much in January, leading to a 20% decline in U.S. sales.
BUSINESS
July 18, 2006 | From Reuters
Microsoft Corp. said it would report its financial performance starting in the 2007 business year based on five businesses, down from seven operating divisions. The software maker, which has $40 billion in annual revenue, said the change reflected a broad reorganization into three divisions, with the goal of making the company more nimble to compete with a diverse set of rivals, including Google Inc. and Oracle Corp.
BUSINESS
March 11, 2008 | From Times Staff and Wire Reports
Home builder Ryland Group Inc. paid Chief Executive Chad Dreier $14.3 million in 2007, a year in which the value of the company's stock dropped 50%. That was less than half the $31.4 million the CEO received in 2006. Dreier received a salary of $1 million, a stock grant of $1.98 million, a pension benefit of $4.1 million and other pay worth $5 million, the Calabasas-based company said.
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