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2011 Year

NEWS
April 8, 2011 | By James Oliphant and Lisa Mascaro, Washington Bureau
As the countdown clock toward a deal to avert a federal shutdown neared zero, and for all the talk of reducing the size of government and scaling back federal spending, Democrats complained Friday that House Republicans were again fixated an age-old sticking point: Abortion. "Republicans want to shut down the government because they want to make it harder for women to obtain the health services they need," Sen. Harry Reid, the majority leader, said Friday on the Senate floor. At issue is a provision, known as Title X, that sends federal dollars to Planned Parenthood for family planning and health services such as cancer screenings.
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BUSINESS
January 27, 2012 | By Ronald D. White
There are still many billions of dollars to be made in the old oil patch, even with the world far more focused on alternative and renewable sources of energy. But the business of refining that oil into various fuels is still a hard way to make a buck. That's one of the lessons investors might draw from Chevron Corp.'s fourth-quarter earnings report, released Friday. The San Ramon, Calif.-based oil giant raked in a net profit of $5.12 billion, or $2.58 a share. But losses in its refinery business during the period meant its profit fell below both its 2010 fourth-quarter performance and Wall Street expectations.
NEWS
July 19, 2012 | By Kim Geiger
As pressure builds for Mitt Romney to release additional tax returns, a new poll suggests a majority of Americans agree that the Republican presidential candidate should disclose more about his financial history. A USA Today/Gallup poll conducted Wednesday night found that 54% of adults thought Romney should release more than the two years of returns he had already agreed to make public. Still, 42% of those surveyed said they did not expect the tax forms to reveal information that could damage Romney's campaign.
BUSINESS
October 11, 2012 | By Dalina Castellanos, Los Angeles Times
Small businesses in the Western region that includes California took out more U.S.-backed loans than ever during the government's last fiscal year, but they didn't spend much of it in a way that generated new jobs, analysts said. The Small Business Administration said companies in the region, which also covers Arizona, Nevada, Hawaii and Guam, borrowed $6.7 billion in loans guaranteed by the agency. Firms in Los Angeles, Ventura and Santa Barbara counties took out loans totaling $1.5 billion, which the SBA called a "robust" amount.
NEWS
March 31, 2011 | By Lisa Mascaro, Washington Bureau
Former House Speaker Newt Gingrich said Thursday that congressional Republicans should hold out for the $61 billion in budget cuts in their House-passed bill rather than compromise with Democrats on fewer reductions for the rest of the 2011 fiscal year. Ever the party strategist, the presumed GOP presidential hopeful said Republicans should use the days leading up to next week's possible federal government shutdown to target Democrats for opposing such reductions. The Senate, controlled by Democrats, rejected the House bill.
ENTERTAINMENT
December 27, 2011
The Early Show (N) 7 a.m. KCBS Today Biggest stories of 2011; New Year's parties; financial resolutions; "The Biggest Loser Cookbook. " (N) 7 a.m. KNBC KTLA Morning News (N) 7 a.m. KTLA Good Morning America (N) 7 a.m. KABC Good Day L.A. (N) 7 a.m. KTTV Rachael Ray A star-studded hour of surprises. 8 a.m. KCAL Live With Kelly Neil Patrick Harris; Heidi Klum; Garrett Hedlund; Jayma Mays. (N) 9 a.m. KABC The View Eric Stonestreet. 10 a.m. KABC The Talk Ana Gasteyer; Martina McBride.
BUSINESS
July 15, 2013 | By Ricardo Lopez
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.
BUSINESS
May 4, 2012 | By Shan Li
Shares of surf-and-skate retailer Tilly's Inc. jumped on the first day of trading in the company's initial public offering. The Irvine company's stock climbed 10% on Friday to close at $17.07, a sign of confidence for a retailer jostling for the same youth shoppers as rivals Zumiez Inc. and Pacific Sunwear of California Inc. Tilly's surprised Wall Street by pricing its IPO at a higher-than-expected $15.50 a share Friday. That topped the planned range of $11.50 to $13.50 a share and pointed to healthy demand for the stock.
ENTERTAINMENT
June 11, 2012 | By David Ng
The Tony Awards on CBS has solidified its position as the lowest-rated broadcast of the major entertainment awards shows. Sunday's broadcast of Broadway's biggest night brought in just 6 million television viewers, according to preliminary figures from Nielsen. That's down from 6.9 million viewers in 2011. Last year's telecast was hurt by the NBA finals, but Sunday's ceremony didn't face any such competition for viewers. The Associated Press reported that Sunday's telecast was the second-lowest-viewed Tony Awards since 1988.
BUSINESS
March 30, 2012 | By Tiffany Hsu
The nation's huge bounty of corn keeps expanding, with farmers this spring expected to plant the largest crop of the versatile food in 75 years, according to a government report. Cornstalks will sprawl over 95.9 million acres, according to the U.S. Department of Agriculture . That's a 4% jump from last year and the largest area planted since the 97.2 million acres claimed by corn in 1937. It's also more than 985,000 Mall of Americas, more than 27,000 Los Angeles International Airports and nearly the full acreage of California.
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