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2011 Year

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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.
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NEWS
June 18, 2010 | By Carla Rivera
The California State University Board of Trustees on Friday approved a 5% fee increase for undergraduate students for the fall, taking action at a special board meeting in Long Beach. The fee hike translates to a $204 increase for full-time undergraduates, bringing the total university fee to $4,230 for the 2010-2011 academic year. Including campus fees, the cost for an undergraduate to attend a Cal State campus would rise to $5,097. The trustees also increased fees for graduate business and professional degree students by 5%. They also approved a 10% fee increase for doctoral education students and eliminated a cap on non-resident tuition for out-of-state students.
NEWS
November 7, 2011 | By Michael A. Memoli
The federal government recorded a $1.3-trillion budget deficit in the 2011 fiscal year, roughly even with the previous year's shortfall. An analysis from the nonpartisan Congressional Budget Office released Monday showed that federal government took in $2.3 trillion while spending $3.6 trillion. Receipts increased at a faster rate than the growth in spending -- 6.5% versus 4.2%, respectively. The deficit as a share of the national economy actually decreased slightly from 9% to 8.7%, though that figure was still the third-highest since World War II. The analysis comes as congressional negotiators are working to meet a Thanksgiving deadline to put forward a plan to slash long-term deficits by $1.5 trillion.
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
January 24, 2013 | By E. Scott Reckard
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.
BUSINESS
December 22, 2010 | By Jerry Hirsch, Los Angeles Times
Automobiles ? whether economy cars or the top luxury models ? are rapidly becoming safer to drive, an insurance industry trade group said. The Insurance Institute for Highway Safety released its Top Safety Pick ratings for the 2011 model year Tuesday, saying 66 vehicles, including 40 cars and 25 sport utility vehicles, earned the group's highest safety ranking. That's more than double the 27 vehicles that achieved the group's top safety grade at the start of this year. Big improvements to roofs to protect passengers in rollover accidents contributed to a greater number of vehicles' achieving better rankings.
BUSINESS
November 15, 2011 | By Shan Li, Los Angeles Times
Another dollar retail chain is looking to cash in on California. One of the nation's largest chains of dollar retailers, Family Dollar Stores Inc., will open its first stores in the state Thursday, stepping into the home turf of rival 99 Cents Only Stores Inc. The four shops — located in Fontana, Riverside, Ontario and Rialto — are the first step in a major push into California by the North Carolina company, which plans to open up to...
BUSINESS
December 24, 2013 | By Salvador Rodriguez
Two technologies acquired by Apple earlier in 2013 were revealed this week: BroadMap and Catch. Apple's acquisitions were reported by 9to5Mac and later confirmed by Apple to AllThingsD . BroadMap specialized in mapping data; Catch was a cloud-based note-taking app. In the case of BroadMap, Apple acquired the company's team and technology but not the actual company or its name. The BroadMap deal likely occurred in the first half of 2013, and Apple may be using the firm's technology to improve Apple Maps, according to 9to5Mac.
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.
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