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BUSINESS
May 17, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Hall of Fame quarterback Joe Montana said they improved his strength and posture. Celebrity Kim Kardashian boasted they allowed her to ditch her personal trainer. But federal and state officials said the rocker-bottom Shape-ups and other toning shoes made by Skechers USA Inc. don't live up to the hype from the company and its high-profile endorsers. On Wednesday, the Manhattan Beach company agreed to pay $50 million to settle false-advertising allegations by the Federal Trade Commission and the attorneys general of 44 states, including California, as well as the District of Columbia.
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BUSINESS
May 17, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Hall of Fame quarterback Joe Montana said they improved his strength and posture. Celebrity Kim Kardashian boasted they allowed her to ditch her personal trainer. But federal and state officials said the rocker-bottom Shape-ups and other toning shoes made by Skechers USA Inc. don't live up to the hype from the company and its high-profile endorsers. On Wednesday, the Manhattan Beach company agreed to pay $50 million to settle false-advertising allegations by the Federal Trade Commission and the attorneys general of 44 states, including California, as well as the District of Columbia.
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BUSINESS
May 22, 2012 | By Ryan Faughnder, Los Angeles Times
A federal administrative judge ruled that pomegranate juice maker Pom Wonderful used deceptive advertising when it implied its products could treat or prevent serious diseases and other medical conditions. Judge D. Michael Chappell upheld much of a 2010 Federal Trade Commission complaint against the Los Angeles company owned by Lynda and Stewart Resnick. The judge said in his decision issued Monday that Pom used "insufficient" evidence to back its claims that Pom products "treat, prevent or reduce the risk of heart disease, prostate cancer or erectile dysfunction.
BUSINESS
May 16, 2012 | By Meg James and Yvonne Villarreal, Los Angeles Times
NEW YORK — Spanish-language media giant Univision Communications touted something that its English-language broadcast rivals cannot: Prime-time ratings at its flagship TV network, Univision, have grown 7% during the current season. Ratings gains in an era of shrinking TV audiences are uncommon as major broadcasters struggle to maintain their standing. Cable channels, social media and advances in technology — including digital video recorders — continue to nibble away at viewership, particularly among younger audiences.
BUSINESS
October 30, 2011 | Ken Bensinger, Los Angeles Times
First of three parts Tiffany Lee wanted a car. She was weary of the two-hour bus ride to her job at a UCLA Health System clinic. She hated having to ask friends to drive her 7-year-old son to his asthma treatments. But as a single mother with three children, bad credit and a $27,000-a-year salary, she couldn't find a bank or dealership willing to give her a loan. Then a friend steered her to Repossess Auto Sales in Hawthorne. Another buyer might have balked at the deal she was offered.
SPORTS
February 23, 2012 | By Bryan Chan
Staples Center is home to four professional sports franchises, the Lakers, Clippers, Kings and Sparks. Each team has a different set-up on the arena floor. It is up to the crew overseen by the Staples Center operations department to reconfigure the floor for each game. Several times a year they must make the changeover twice or more over one weekend in between games. Last Saturday afternoon, while fans were still heading for the exits after the Clippers' 103-100 loss to the San Antonio Spurs, 65 workers began transforming the arena for the Kings' game against the Calgary Flames that night.
BUSINESS
May 18, 2012 | Walter Hamilton, Jessica Guynn and Tiffany Hsu, Los Angeles Times
There wasn't much to like about Facebook's first day as a public company. The social media giant's stock rose by mere pennies in its initial public offering. The shares closed at $38.23, barely above the $38 IPO price. The performance fell far short of the grandiose expectations of Wall Street and Silicon Valley, and raised questions about whether the company's stock will be the sure bet many had counted on. "There was all this pressure and hype and attention with all eyes on Facebook — and the starlet tripped on the red carpet," said Max Wolff, an analyst at GreenCrest Capital Management in New York.
BUSINESS
September 4, 1992 | BRUCE HOROVITZ, TIMES STAFF WRITER
The Clio Awards, the ad industry's most familiar--and most humiliated--competition, is about to give Madison Avenue a dose of, well, Madison Avenue. Clio, with the help of two ad women, is desperately trying to resell itself in a new and improved package and repair an image tattered last year when one gathering erupted in a statue-grabbing ruckus and another ceremony was canceled because the Clio Awards owner couldn't pay his bills. The 1992 awards ceremony is scheduled for Sept.
NEWS
May 18, 2012 | By Michael Hiltzik
Maybe the dumb money wasn't so dumb this time. The stock market did turn out to be a voting machine on Facebook on Friday (to quote Warren Buffett and Benjamin Graham), and the vote was thumbs-down on flapdoodle. Market pros will be debating the lessons to be drawn from the disastrous first-day trading in Facebook's initial public offering. But one lesson is that when given enough information, investors can find their way through fogbanks of hype. When a stock offering is as closely followed as Facebook's, it's much more likely that the shares will be fully valued than that they'll harbor hidden treasure.
NATIONAL
January 11, 2010 | By DeeDee Correll
The advertisement appeared on Craigslist in early December. "Need a real aggressive man with no concern for women," read the posting on the Internet classified advertising forum. Its purported author was a Casper, Wyo., woman, whose photo also was posted. One week later, a man accepted the offer, forcing his way into the woman's home, tying her up and raping her at knifepoint. "I'll show you aggressive," he allegedly said, according to court testimony. In fact, authorities say, the woman had nothing to do with the ad. Instead, they say, a former boyfriend had posted it, soliciting her assault.
BUSINESS
May 16, 2012 | By W.J. Hennigan, Los Angeles Times
In a world that's gone mobile, Facebook Inc. has a lot of catching up to do. Facebook pocketed a cool $3.1 billion last year from ads viewed from laptop and desktop computer screens, but it hasn't figured out a way to make big money on the 500 million people - more than half its users - who log in with smartphones and tablets. An iPad application for Facebook wasn't released until last fall. And Facebook didn't offer advertising for mobile devices until two months ago, when it began showing mobile users "sponsored stories" ads in their news feeds.
BUSINESS
May 15, 2012 | By Jerry Hirsch and Andrea Chang, Los Angeles Times
General Motors Co.plans to pull its paid advertising from Facebook Inc. after the nation's largest automaker determined its ads on the social network had little effect on consumers. The move represents an ill-timed setback for Facebook, which is gearing up for what is expected to be the largest ever initial public stock offering of an Internet company. In the run-up to its IPO, expected Friday, investors have been weighing Facebook's revenue prospects and have questioned the effectiveness of advertising on the social networking site.
OPINION
May 13, 2012 | Doyle McManus
The television commercial is designed to spark outrage. "Billions of taxpayer dollars spent on green energy went to jobs in foreign countries," it intones. "The Obama administration admitted the truth - that $2.3 billion of tax credits went overseas, while millions of Americans can't find a job…. American taxpayers are paying to send their own jobs to foreign countries. " But the widely broadcast anti-Obama ad, paid for by a conservative group called Americans for Prosperity, is highly misleading - a slick pastiche of untruths, half-truths and exaggerations.
BUSINESS
May 10, 2012 | By Jerry Hirsch, Los Angeles Times
In a legal victory for Honda Motor Co., a judge has reversed a small-claims judgment that would have forced the automaker to pay a Civic hybrid owner nearly $10,000 for overstating the vehicle's fuel economy. But while the ruling ends a high-profile battle with hybrid owner Heather Peters, Honda still faces numerous legal fights in Small Claims Courts across the country. In an unusual move that garnered national attention, the Los Angeles woman rejected a class-action settlement that would have paid Civic hybrid owners as little as $100 to $200 each and rebates on a new Honda purchase.
CALIFORNIA | LOCAL
May 2, 2012 | By Nicole Santa Cruz, Los Angeles Times
The owners of the Battle of the Dance dinner show had hoped to catch the wave of tourists from nearby Disneyland with family-friendly entertainment boasting European dancers and a gourmet meal of smoked salmon salad, filet mignon and a "decadent" dessert. But when the paying customers failed to materialize in the numbers foreseen, they cut the number of dinner shows, amped up the volume and turned to a different crowd. There was a "topless DJ," go-go dancers and an appearance by an adult film performer to entertain late-night partygoers in Anaheim's manicured resort district.
BUSINESS
May 1, 2012 | By Dawn C. Chmielewski, Los Angeles Times
NEW YORK - Yahoo Inc.staged its glitzy presentation for advertisers in a theater near Central Park, with appearances by Katie Couric, "CSI" creator Anthony E. Zuiker and, via video, Tom Hanks. AOL Inc.rented out a three-story production studio in the gentrified Meatpacking District, which it filled with pounding dance tracks as gym-sculpted servers carried trays of beverages and snacks. A series of celebrity-studded presentations concluded with 1970s TV star Marlo Thomas taking the stage as AOL awarded prizes, including a new Ford Mustang convertible.
BUSINESS
June 13, 2007 | Alana Semuels, Times Staff Writer
The men in yellow shirts are competing with your mail carrier. They wend their way through quiet, residential neighborhoods, dropping off mail at every house, delivering it not to mailboxes, but by hanging it on doorknobs, no postage stamps needed. They're employees of Newport Beach-based PowerDirect, which is trying to capitalize on rising postal rates and an aversion to junk mail by delivering advertisements to homes themselves.
BUSINESS
June 1, 2011 | By John Boudreau
Lu Miao speaks very little English. He's never traveled outside of Asia. He's not a software engineer. But in a few short months, he became the founder of a successful software company selling apps in the United States and Europe. In less than half a year, Rye Studio has sold 1 million downloads of apps with traditional Chinese children's stories at 99 cents each for Apple Inc.'s iPad and iPhone. Lu bought a courtyard home in the city's tech hub, the Haidian district, and converted it into a playful office with a giant replica of a Michelangelo painting and a bamboo garden.
OPINION
April 19, 2012
Once upon a time there was something called "educational television," which harnessed the technological marvel of a new medium to provide children and adults with edifying programming uncorrupted by advertising. Today, public radio and television continue to devote more attention to educational programs than commercial broadcasters do, but they also seek to entertain viewers of all ages with features - such as British sitcoms, quiz shows, animal adventures and rock 'n' roll retrospectives - that duplicate those on commercial stations.
BUSINESS
April 13, 2012 | By Andrea Chang, Los Angeles Times
Bolstered by a rise in paid advertising clicks, search engine giant Google Inc. posted a 61% jump in first-quarter profit. The Mountain View, Calif., company also announced a new stock structure that will keep its founders, Larry Page and Sergey Brin, in control of the company. Page, who is in his second stint as Google's chief executive after taking over from Eric Schmidt a year ago, said Google "saw tremendous momentum from the big bets we've made in products like Android, Chrome and YouTube.
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