September 26, 2010
CNN -- The National Highway Traffic Safety Administration announced Sunday that automaker Hyundai is recalling nearly 140,000 Sonata sedans. The recall affects certain 2011-model year Sonatas, which were manufactured from December 2009 to September 2010, NHTSA said. “On some of these vehicles the steering column intermediate shaft universal joint connections may have been either improperly assembled or insufficiently tightened,“ the agency said. As a consequence, drivers could experience a reduction or loss of steering capability.
March 27, 2009 |
The Obama administration plans to raise fuel efficiency standards by two miles per gallon to a 27.3 average mpg for new cars and trucks in the 2011 model year, marking the first increase in passenger car standards in more than two decades. Under the changes, which are slightly less stringent than those proposed by the George W. Bush administration, new passenger cars will need to meet 30.2 mpg for the 2011 model year; and pickup trucks, SUVs and minivans will need to reach 24.
January 24, 2013 |
Hanmi Financial Corp. of Los Angeles said its profit more than doubled to $14 million in the fourth quarter as regulators lifted 3-year-old orders requiring the parent of Hanmi Bank to raise more capital. The end of enforcement actions by state bank regulators and the Federal Reserve enables Hanmi, once the largest of the many Koreatown-based banks, to focus on arranging a financial marriage for itself, Chief Executive Jay S. Yoo said in announcing the earnings Thursday morning.
CALIFORNIA | LOCAL
May 5, 2013 |
The jobs of the nation's citizen soldiers are supposed to be safe while they are serving their country: Federal law does not allow employers to penalize service members because of their military duties. Yet every year, thousands of National Guard and Reserve troops coming home from Afghanistan and elsewhere find they have been replaced, demoted, denied benefits or seniority. Government agencies are among the most frequent offenders, accounting for about a third of the more than 15,000 complaints filed with federal authorities since the end of September 2001, records show.
July 15, 2013 |
The nation's largest public pension fund, the California Public Employees' Retirement System, posted a 12.5% return on its investment portfolio in the fiscal year that ended June 30. The fund's assets stand at nearly $258 billion, according to Chief Investment Officer Joseph Dear, who reviewed the figures Monday at a meeting of the system's governing board. The gains were led by strong returns in the global public equity and real estate investments, officials announced Monday.
August 30, 2012 |
If you're planning on stocking up on tomato soup in the next few weeks, you'll be able to bring home a little bit of Andy Warhol to your pantry. Campbell's said Wednesday that a new limited-edition line of Warhol-themed condensed tomato soup cans will go on sale starting Sept. 2 at most Target stores across the country. The cans, priced at 75 cents each, are intended to celebrate the 50th anniversary of the pop artist's first paintings of the familiar soup cans. PHOTOS: Turning 50 in 2012 The soup will come in a variety of intensely colored cans meant to mimic Warhol's pop-art style.
August 3, 2012 |
With only three new movies in theaters during the second quarter -- one a 3-D re-release and another released on behalf of a separate company -- Paramount Pictures revenue plunged 29% to $1 billion. Thanks to sharply lower expenses, however, the studio's operating income dropped only 6% to $29 million, according to financial results released by parent company Viacom Inc. on Friday. Among Paramount's releases in the three-month period ended June 30, "Titanic 3-D" was a huge hit, grossing $343.6 million worldwide, which was split between the L.A. studio and partner 20th Century Fox. "Madagascar 3: Europe's Most Wanted" has taken in a strong $501 million so far, though Paramount keeps just 8% of revenue from the DreamWorks Animation release.
August 21, 2012 |
Tom Byron used to spend a couple of hours each day playing games on Facebook, attending to his virtual diners in "Restaurant City" and waging war against the Raven in "Empires & Allies. " "I'd check into these games every chance I got," said the 50-year-old marketing executive in San Rafael, Calif., who played four or more Facebook games at a time. "Now I spend most of my game time on my iPhone. It's just more convenient to be able to grab my phone. " It's not just players such as Byron who have wandered away from Facebook.
January 10, 2011 |
Jonathan Browning, the new chief of Volkswagen's U.S. operations, has a tall order from the automaker's corporate czars in Wolfsburg, Germany: Start selling 800,000 VWs annually by 2018. That's more than three times its sales last year. Decades ago, VW sold hundreds of thousands of the iconic Beetle and was the top auto importer in America, and such a goal seemed within reach then. But a long battle with quality and reliability problems have driven those buyers to Asian brands and even back to domestic manufacturers.
June 27, 2013 |
Mitsubishi is recalling more than 3,000 of its Outlander Sport compact SUV to correct an issue with the vehicles' optional panoramic sunroofs. The National Highway Traffic Safety Administration said 3,181 Outlander Sports from the 2011 model year were being recalled in the U.S. and Puerto Rico. At issue was the lack of a primer being installed around the sunroof during the manufacturing process. This could cause the glass roof to become detached from the Outlander Sport while it's in motion, "resulting in a road hazard to other vehicles," according to NHTSA.