July 26, 2012 |
Franz West, the Austrian artist known for his innovative sculptures and installations, has died at 65. West died in Vienna on Wednesday following a long illness, according to reports. West's sculptural creations were both playful and serious, accessible and yet intellectually challenging. During his career, West mounted shows at major museums around the world. A retrospective exhibition of his work organized by the Baltimore Museum of Art came to the Los Angeles County Museum of Art in 2009.
January 24, 2012 |
The nation's largest public pension fund, the California Public Employees' Retirement System, posted a 1.1% return on its investment portfolio in 2011, Chief Investment Officer Joseph Dear told his board. The 2011 performance was well below the estimated average annual return of 7.75% that the fund's actuaries say is needed to meet current and future obligations to its members. The $229.5-billion CalPERS provides retirement and other benefits for 1.6 million state and local government employees and their families.
CALIFORNIA | LOCAL
May 25, 2012 |
The state filed disciplinary proceedings Thursday against a prominent accounting firm that failed to detect any financial irregularities in Bell, where former city leaders now stand accused of looting the town's treasury as it teetered on the edge of bankruptcy Mayer Hoffman McCann, which audited the books for dozens of cities in California, could be fined $1 million and lose its license to practice in the state. The firm has asked for a hearing before an administrative law judge.
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.