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.