July 9, 2013 |
In celebrating their agreement with free-agent center Dwight Howard, the Houston Rockets said too much. According to Marc Stein of ESPN.com , the Rockets have been fined $150,000 by the NBA for "unauthorized comments made by team personnel about Howard during the league's annual moratorium on player business. " For the first nine days of July, the league office finalizes their year-end accounting for the previous season and determines the salary cap for the coming year. During that time, teams can come to verbal agreements with players but are not permitted to comment publicly.
July 6, 2013 |
Hanley Ramirez said the defense, rather than Stephen Fife, was responsible for the Dodgers' 4-2 loss to the San Francisco Giants on Saturday at AT&T Park. "I let him down a little bit today," said Ramirez, who made one of the Dodgers' three errors. Whatever the case, Fife could be out of the rotation soon, as the Dodgers acquired Ricky Nolasco from the Miami Marlins. In exchange for Nolasco and $197,000 worth of cap space they can use to sign international amateur players, the Dodgers sent the Marlins three pitching prospects: triple-A relievers Josh Wall and Steven Ames, and Class-A starter Angel Sanchez.
June 12, 2013 |
SAN FRANCISCO - Google Inc. snatched a popular mobile mapping service from the outstretched hands of its Internet superpower rivals, securing its dominance in real-time navigation information. Tuesday's $1-billion deal for Waze and the weeks of fevered speculation leading up to its acquisition signal the growing importance of digital maps, apps that are shaping up to be among the most important ones people use on smartphones and tablets. Waze, which helps drivers find the fastest and easiest routes, was being wooed by Facebook Inc. and Apple Inc., among others.
May 20, 2013 |
SAN FRANCISCO - Yahoo Inc. Chief Executive Marissa Mayer is attempting a bold - and risky - strategy to turn around the struggling Internet giant with the $1.1-billion acquisition of Tumblr, a trendy social blogging service popular with teens and young adults. Though Yahoo still has a massive online audience, it's losing its grip on young people and how they consume the Internet on mobile devices. Tumblr, a 6-year-old company with 100 million users who share links, photos and blog posts, represents the new guard of the Internet.
May 19, 2013 |
SAN FRANCISCO -- Yahoo's board of directors has approved a $1.1-billion cash acquisition of blogging site Tumblr. A deal could be announced as soon as Monday, the Wall Street Journal reported Sunday. It's the biggest -- and riskiest -- deal yet for Yahoo Chief Executive Marissa Mayer, who is trying to make pioneering Internet company relevant to younger generations who have gravitated to other services and to mobile devices. PHOTOS: The top smartphones of 2013 The board of the Sunnyvale, Calif., Internet company met Sunday to consider the transaction, which Mayer negotiated.
May 17, 2013 |
SAN FRANCISCO -- Will Yahoo buy Tumblr? That's the $1-billion question du jour courtesy of All Things D. The struggling Internet giant is reportedly in serious talks to buy the blogging service in a deal that could be worth as much as $1 billion. Yahoo declined to comment. Tumblr could not be reached for comment. Since former Google executive Marissa Mayer took over Yahoo last year, she has snapped up 10 small companies including Summly, which summarizes news stories, and Snip.it, a content curation site.
May 2, 2013
Los Angeles stock brokerage Crowell, Weedon & Co. on Wednesday said it was acquired by a larger rival, though terms were not released. Chief Executive Andrew Crowell said his firm was bought by D.A. Davidson & Co. The deal would further strengthen the firms, Crowell said. Combined, they will hold $43.5 billion in client assets, with Crowell Weedon bringing in $9 billion of that. Discussions of a combination began about three years ago, Crowell said, but really took off in the last year and a half.
April 30, 2013 |
CNN Films is stepping up its acquisition efforts. One week after landing the television rights to the Penny Lane documentary “Our Nixon,” the network has acquired domestic television broadcast rights to the Sundance film selection “Pandora's Promise.” Directed by "Radio Bikini" Academy Award nominee Robert Stone, the film tells the story of several prominent environmentalists who have put their careers in jeopardy to tout the societal benefits...
April 25, 2013 |
An artist who mines the visual excesses and verbal tics of teenagers in the ADHD age of instant messaging, Ryan Trecartin has had important early shows in L.A., but MOCA's announcement of new acquisitions Thursday marks the first time his work is entering a museum collection here. With funds from its acquisition committee and from museum director Jeffrey Deitch, MOCA is buying "B: Settings," an over-the-top installation consisting of four rather manic videos and four "sculptural theaters," which look like makeshift arrangements of odd lounging furniture.
April 15, 2013 |
The L.A. County Museum of Art has signaled its commitment to African art by paying $1 million for a 3-foot-high "Gwan" sculpture of a mother and infant, believed to help ensure healthy childbirth by the Bamana peoples of Mali. "It's one of the oldest surviving wood sculptures of Africa and probably the oldest Gwan figure in existence," said Polly Nooter Roberts, a curator of African art at LACMA and professor at UCLA. According to carbon dating, the piece was made between 1432 and 1644, earlier than Gwan figures at the Metropolitan Museum of Art in New York.