CALIFORNIA | LOCAL
November 19, 2013 |
The Los Angeles City Council approved major changes Tuesday to a harbor construction project whose has cost doubled in four years, with lawmakers criticizing port executives for failing to consult the council sooner. Councilman Joe Buscaino, whose district includes the port, said he was "blindsided" by the rising cost of the TraPac container terminal project in Wilmington, which has soared to $510 million from $245 million in 2009. Councilman Mike Bonin said he and his colleagues should have been included in the port's decision to convert the terminal to an automated crane system, a move that triggered a major portion of the cost overruns.
November 4, 2009 |
Tribune Co.'s ill-fated employee stock ownership plan is toast. In a memo to employees announcing a new retirement plan Tuesday, Chief Administrative Officer Gerry Spector said the ESOP was likely to be terminated when the Chicago-based media conglomerate emerged from bankruptcy protection. That's not a surprise to close watchers of Tribune's bankruptcy case. It became clear months ago that the banks and other investors that financed Chicago billionaire Sam Zell's 2007 leveraged buyout of the company probably would take over ownership from Tribune's employees when the reorganization plan was filed.
May 13, 2002
The state Legislature can strike a modest, reasonable blow against global warming by passing the final version of a program for cutting emissions of carbon dioxide from autos, pickups and sport utility vehicles. Carbon dioxide is the chief greenhouse gas implicated in global warming. AB 1058, by Assemblywoman Fran Pavley (D-Agoura Hills), passed the Assembly earlier and won approval in the Senate last week. Now it's back to the Assembly for ratification of Senate amendments as early as today.
February 4, 2005 |
A group representing Honda Motor Co. and Nissan Motor Co. joined a lawsuit meant to halt California's plan to curb car and truck emissions of gases linked to global warming, uniting every major automaker in opposition to the program. The Assn. of International Automakers, which lobbies on behalf of Honda, Nissan, Hyundai Motor Co., Kia Motors Corp. and Mitsubishi Motors Corp., said Thursday that it was joining a suit filed Dec.
September 20, 2009
Weekly survey of 20 Orange and L.A. County lenders as of 9/16/2009 Loans to $417,000 Week ended 9/16/2009 Week ended 9/9/2009 Week ended 3/18/2009 30-year fixed 5.17% +0.29pt 5.27% +0.23pt 5.06% +0.35pt 15-year fixed 4.68% +0.26pt 4.78% +0.17pt 4.80% +0.42pt $417,000 and up 30-year fixed 6.14% +0.36pt 6.17%+0.50pt 6.74% +0.74pt 15-year fixed 5.54% +0.33pt 5.69% +0.25pt 6.84% +0.85pt Home equity lines 5.74% 5.74% 5.06% Home equity loans 9.08% 9.08% 8.77% 6-month LIBOR 0.68% 0.69% 1.86% 1-year Treasury 0.40% 0.42% 0.70% 6-month Treasury 0.22% 0.23% 0.45% 6-month CD 0.37% 0.37% 1.84% Prime rate 3.25% 3.25% 3.25% 11th District cost of funds 7/2009 6/2009 1/2009 1.473% 1.599% 2.455% Compiled by HSH Associates, Financial Publishers; www.hsh.
February 19, 2009 |
Hewlett-Packard Co.'s fiscal first-quarter profit dropped 13%, and sales ticked up just 1%, as even the technology company's cash-cow printer ink business was hobbled by the recession. The world's top seller of personal computers also cut its fiscal 2009 guidance, but it was still in line with Wall Street's expectations. HP shares fell $1.08, or 3.2%, to $33 in extended trading, after closing down 26 cents at $34.08 during the regular session before the Palo Alto company reported its earnings.
July 23, 2010 |
Emerging from the grip of the financial crisis, City National Corp. said strong growth in deposits and improving credit quality helped its quarterly profit jump sixfold. The Los Angeles parent company of Southern California's largest bank said Thursday that it earned $41.3 million, or 78 cents a share, in the second quarter, compared with $6.8 million, or 2 cents a share, in the same period last year. Second-quarter revenue totaled $304.5 million, up 39% from the second quarter of 2009.
April 14, 2014 |
LeSean McCoy was drafted in the second round, 53rd overall by the Philadelphia Eagles in 2009. A year later Tim Tebow was drafted in the first round, 25th overall by the Denver Broncos. But McCoy has gone on to become a star, leading the NFL in rushing last season, while Tebow couldn't even find a team to play for in 2012. Still, McCoy's recent assessment of the former Heisman Trophy winner and two-time NCAA champion seemed a tad harsh. "My son is 2," McCoy told TMZ at LAX on Saturday night.
November 8, 2013 |
The joke, at long last, is on the Onion. The nation's preeminent fake news source, not invulnerable to the economic insecurity that has brought cutbacks and layoffs to newspapers nationwide, announced Friday it would end its print edition by the end of the year. At its peak, the print publication of the news-satire organization was distributed free in 17 cities nationwide. But years of hard times led the publication gradually to cut back on its distribution, with the Los Angeles edition ending in 2009.
February 17, 2014 |
The Academy Awards' reigning best actor, Daniel Day-Lewis, and best actress, Jennifer Lawrence, will join this year's ceremony as presenters, the Academy of Motion Picture Arts and Sciences has announced. Day-Lewis is a three-time Oscar winner, most recently for his role as the 16th president in the Steven Spielberg-directed historical drama "Lincoln. " He has been nominated for five Oscars over the course of his career, all for lead actor. Lawrence, who won the lead actress trophy last year for her performance as a troubled young widow in the David O. Russell drama "Silver Linings Playbook," will be doing double duty this year as a presenter and a nominee.