February 14, 2014 |
Occidental Petroleum is ending a nearly century-long run as a storied Los Angeles energy company and moving its headquarters to Houston as part of a corporate overhaul. The nation's fourth-largest oil firm also announced plans Friday to spin off its California assets into a separate publicly traded company based in the Southland. Occidental will continue to employ about 8,000 employees and contractors in the state. The company's split signals the end of an era for Occidental, which was founded in 1920 and led for many years by oil industry legend Armand Hammer.
CALIFORNIA | LOCAL
February 8, 2014 |
It's been a tough go for Florence, the stoic, graceful lady of Lincoln Park. Over the years, hooligans have broken her nose, spray-painted her face, shot at her, ripped off her hands and stolen her lamp. But for all the attempts to deface the statue of Florence Nightingale, the founder of modern nursing stands tall and calm in the spot she claimed in 1937, across the railroad tracks from the county hospital. I have to admit that I didn't know the statue was there until I heard from David Colachico, a professor in the nursing school at Azusa Pacific University.
January 13, 2014 |
Iran and six world powers have agreed on a plan to launch the first phase of their nuclear deal, U.S. and Iranian officials announced Sunday, a sign the fragile international effort to curb Tehran's nuclear ambitions remains on track. The agreement, worked out in a month of talks between technical experts and diplomats, goes into effect Jan. 20, after which Iran will begin to get access to some of its frozen assets -- and will have to open more of its facilities to the United Nations' nuclear watchdog agency.
January 1, 2014 |
It has been a long time since the Cold War crumbled to dust, making a small mockery of decades of mutually assured paranoia. Those nuclear arsenals, those drop drills, those bad dreams - what were they all for? Kids these days have no idea. Frankly, it's hard to remember myself. One corollary benefit of that time is a great lore and literature of espionage, fictional and factual, a cornerstone of pop culture and childhood play over the last half of the 20th century - and with a change of players, into this one. (Hello, "Homeland.
November 9, 2013 |
DETROIT - Sheilah Johnson was a building inspector for the city for 28 years, a college graduate who passed up jobs that paid more because a city job offered stability and the promise of a good pension. But the city's recent plunge into bankruptcy - overseen by an outside emergency manager answerable to the state government, not the citizens of Detroit - makes her wonder whether she and other African American residents of the impoverished city will be able to stop Wall Street creditors from seizing what's left of a municipal treasury they paid into for most of their lives.
October 17, 2013 |
Cinedigm Corp. said it has agreed to acquire the entertainment assets of Gaiam Inc., a leading distributor of home entertainment brands and content, for $51.5 million. The acquisition, the largest to date for Cinedigm, is the latest move by the company to transform itsel f into one of the leading independent distributors of documentaries, movies and TV shows in theaters and digital outlets. Based in Century City, Cinedigm also is known for helping moving theaters transition from film to digital.