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2009 Year

January 22, 2012 | By Martha Groves, Los Angeles Times
For nearly half a century, the UCLA Hannah Carter Japanese Garden in Bel-Air has served as a serene stopover for visitors from locations as varied as Newhall, Nashville and the Netherlands. But the decision by UCLA to sell the steep hillside property and an adjoining house to raise money for endowments and professorships has the garden world in an un-Zen-like uproar. The Garden Conservancy, an organization based in New York and San Francisco, has lambasted the university's transfer to the Fowler Museum of a five-tiered stone pagoda and other garden objects and has urged the public to contact UCLA Chancellor Gene Block.
October 26, 2009 | Larry B. Stammer
One group started walking on Oct. 18 from Cal State Long Beach. The other set out a week earlier from Westminster College in Fulton, Mo. Although the Southern Californians were 1,700 miles from this small Missouri town made famous as the site of Sir Winston Churchill's "Iron Curtain" speech in 1946, the two groups had the same goal: to fight hunger in the U.S. and around the world. This is the 40th anniversary of Crop Hunger Walk, a national interfaith program sponsored by Church World Service and viewed by many as the granddaddy of charity walks.
November 15, 2012 | By Jerry Hirsch and Ken Bensinger, Los Angeles Times
Toyota Motor Corp. on Wednesday announced two safety recalls for its flagship Prius hybrid and a separate agreement to pay $25.5 million to settle a shareholder lawsuit related to its sudden acceleration problems. In one recall, the automaker said the steering intermediate extension shafts in 670,000 Prius cars sold in the U.S. need to be inspected and in some cases replaced. In the second recall, 350,000 of those hybrids also will have to have their electric water pumps replaced.
February 13, 2013 | By Jerry Hirsch
Lexus, Porsche, Toyota and Lincoln had the best records in the 2013 J.D Power and Associates vehicle dependability study. In good news for car owners, the study found that overall, cars are becoming more reliable. Other top scorers included Buick, Mercedes-Benz, Honda and Acura. Land Rover scored the worst, with owners of its vehicles reporting problems at more than three times the rate of Lexus. The Dodge brand was the second worst and Mitsubishi third worst.  Other poor scorers included Jeep, Volkswagen and Jaguar.
January 16, 2010 | By Nicole Santa Cruz
Wrestling with a multibillion-dollar budget deficit, Arizona decided Friday to close nearly all of its state parks, including the famed Tombstone Courthouse and Yuma Territorial Prison. The State Parks Board unanimously voted to close 13 parks by June 3. Eight others had already been closed, and the decision would leave nine open -- but only if the board can raise $3 million this year. The action represents the largest closure of state parks in the nation, although several other states are considering similar moves.
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.
March 21, 2011 | Reuters
Charles Schwab Corp. has agreed to buy OptionsXpress Holdings Inc., a smaller U.S. retail brokerage, in a $1-billion deal meant to help Schwab take advantage of investors' stronger embrace of options. The friendly, all-stock takeover, announced Monday, is a nod to the increased comfort felt by individual retail traders using options contracts to speculate and hedge, a far more complicated strategy than plain-vanilla stock trading. The deal returns Schwab to the acquisition game after a quiet decade and could help the big asset manager hang on to the most active and shrewd of its online trading clients.
August 16, 2009
Weekly survey of 20 Orange and L.A. County lenders as of 8/12/2009 Loans to $417,000 Week ended 8/12/2009 Week ended 8/5/2009 Week ended 2/11/2009 30-year fixed 5.52%+0.26pt 5.38%+0.28pt 5.35%+0.36pt 15-year fixed 4.96%+0.23pt 4.87%+0.33pt 5.08%+0.41pt $417,000 and up 30-year fixed 6.23%+0.47pt 6.25%+0.43pt 6.60%+0.35pt 15-year fixed 5.81%+0.44pt 5.88%+0.38pt 6.09%+0.39pt Home equity lines 5.31% 5.31% 4.82% Home equity loans 9.02% 9.02% 8.87% 6-month LIBOR 0.87% 0.91% 1.73% 1-year Treasury 0.49% 0.49% 0.54% 6-month Treasury 0.29% 0.26% 0.41% 6-month CD 0.45% 0.48% 1.76% Prime rate 3.25% 3.25% 3.25% 11th District cost of funds 6/2009 5/2009 12/2008 1.599% 1.832% 2.757% Compiled by HSH Associates, Financial Publishers; www.hsh.
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