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NEWS
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.
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NEWS
January 18, 2012 | By Marc Lifsher
Boosted by escalating demand from Asian imbibers, U.S. and California wine exports for the first 11 months of last year have broken the previous record for all of 2010. The California Wine Institute was so excited with the growth in the value and size of shipments that it announced the achievement Wednesday, instead of waiting to release the full 2011 year-end statistics later this year. California grape growers, wineries and exporters account for 9 out of every 10 bottles of U.S. wine sold overseas, the San Francisco-based wine institute said.
NATIONAL
March 27, 2009 | Associated Press
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.
BUSINESS
April 24, 2011 | By Andrea Chang, Los Angeles Times
Having conquered reality television, the Kardashians are fashioning a celebrity retail powerhouse. Beyond the glittery red carpets and steamy tabloid fodder, the famous family has transformed itself into a branding machine, quickly leveraging the hype into a retail empire worth tens of millions of dollars. Unlike other reality-stars-turned-entrepreneurs such as Snooki of "Jersey Shore" fame or Lauren Conrad of "The Hills," the Kardashians are in a class by themselves and unfazed by skeptics who doubt they can keep it up for the long haul.
BUSINESS
October 26, 2011 | By Jerry Hirsch, Los Angeles Times
European brands are the least reliable vehicles sold in the U.S., according to rankings for the 2011 model year. So if these vehicles all perform so poorly in the reliability ratings, why do people continue to buy them, often paying the price of two cars for one vehicle? "Snob appeal," said David Champion Sr., director of Consumer Reports' Automotive Test Center in East Haddam, Conn. Champion, who drives hundreds of car models annually, concedes that many of these brands also share another quality.
AUTOS
March 28, 2013 | By Brian Thevenot
Once the icon of stodgy sensibility, the Volvo station wagon went out of production after the 2011 model year. Now its back, as a “sports wagon” variant of the existing S60 sedan, the automaker announced at the 2013 New York International Auto Show. “The V60 builds on our wagon heritage,” Volvo Cars of North America Chief Executive John Maloney said in a statement. “And this time, we've added sophistication with the dynamic driving performance of a sedan.” PHOTOS:   Highlights of the 2013 New York Auto Show A high-performance version, the V60 R-Design, made its world debut Thursday at the 2013 New York Auto Show.
BUSINESS
April 8, 2013 | By Meg James, Los Angeles Times
After years of devastating losses, the newspaper industry has a glimmer of good news. Circulation revenue for daily newspapers grew in 2012 for the first time in a decade as more people paid to subscribe to digital editions, according to data compiled by the Newspaper Assn. of America. The finding is noteworthy because it demonstrates that the newspaper industry, which has been hammered in recent years as consumers and advertisers migrated to the Internet, has begun to adapt its business model to a new era. Newspapers generated $10.4 billion in circulation revenue in 2012, a 5% increase over the previous year.
BUSINESS
January 10, 2011 | By Jerry Hirsch, Los Angeles Times
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.
BUSINESS
August 5, 2013 | By Lauren Beale
Actor Paul Wesley, who stars on “The Vampire Diaries,” and actress Torrey DeVitto have listed their home in Hollywood Hills for sale at $1.595 million, The Times has confirmed. The 1920s Mediterranean-style house features a rotunda entry, beamed ceilings, vintage tile, a circular dining room, an oak staircase, three bedrooms, 2.5 bathrooms and 3,262 square feet of living space. There is a courtyard and a detached office/gym. PHOTOS: Grandest pool around? Malibu has it Wesley has starred on “Diaries” since the show started in 2009.
BUSINESS
March 28, 2012 | By Alejandro Lazo
Las Vegas-area home sales are on the mend as cash rules supreme. The long-suffering Las Vegas housing market last month had its strongest sales for a February in six years, according to San Diego real estate research firm DataQuick. Sales were up 5.0% from January and 8.9% from February 2011 to total 4,240 homes sold in Clark County. New home sales hit a four-year high and sales of previously owned homes were at their strongest since 2005. Cash buyers purchased 52.9% of Las Vegas-area homes last month, a sign of just how prevalent investors are in that market.
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