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2009 Year

CALIFORNIA | LOCAL
November 4, 2012 | By Andrew Khouri, Los Angeles Times
Culver City Councilman Andy Weissman won reelection last spring while touting his role in helping secure employee pension and benefit reforms that put the town on a "sounder financial footing. " In his personal affairs, however, he has been struggling to gain his own balance: Weissman, now mayor, owes the federal and state governments at least $550,000 in unpaid taxes, penalties and interest, according to liens filed with the Los Angeles County registrar-recorder's office. The tax liens - some of which were filed against Weissman and his wife - cover federal income taxes and either state personal income tax or state corporate taxes, as well as federal payroll taxes, the documents show.
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NATIONAL
March 3, 2010 | By Megan Twohey
Since she was hired two years ago as a medical assistant, Jennifer Simonsis has come to an agreement with her employer: During the winter, she gets time off to see her doctor, frequent breaks and help in setting up a light-therapy lamp at her desk. Simonsis gets workplace accommodations for seasonal affective disorder, or SAD -- depression triggered by limited daylight in winter. Pointing to a federal law that prohibits employers from discriminating against the disabled, some SAD sufferers say they are entitled to schedule changes, access to windows and other modifications.
CALIFORNIA | LOCAL
May 16, 2012 | Los Angeles Times wire reports
Harold A. "Red" Poling, a former Ford Motor Co. chairman and chief executive officer who helped lead the automaker through two recessions, has died. He was 86. Poling died Saturday at his home in Pacific Grove, on the Monterey Peninsula, the Dearborn, Mich.-based company announced. The cause was not given. As chairman and chief executive from 1990 to 1994, Poling led the company through a deep recession, when Ford's sales in North America and Europe plunged and losses totaled $9.64 billion in 1991 and 1992.
BUSINESS
November 4, 2009 | Michael Oneal
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.
OPINION
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.
BUSINESS
February 4, 2005 | From Bloomberg News
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.
BUSINESS
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.
BUSINESS
February 19, 2009 | Times Wire Reports
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.
BUSINESS
July 23, 2010 | By E. Scott Reckard, Los Angeles Times
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.
SPORTS
April 14, 2014 | By Chuck Schilken
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.
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