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SPORTS
July 16, 2012 | By Sam Farmer
The "Granddaddy of Them All" has hit the mother lode. ESPN has agreed to pay an average of $80 million a year to broadcast the Rose Bowl game from 2015 through 2026, Sports Business Journal first reported. That's an increase of 167% from the current deal, which pays $30 million annually. "The Rose Bowl Game is one of sport's most meaningful and celebrated events," John Skipper, ESPN president, said in a written statement. "Extending our relationship long term with such a prestigious brand will play a significant role in the way fans continue to define ESPN — as the leading destination for college football all year long.
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BUSINESS
June 19, 2012 | Ronald D. White, Los Angeles Times
Retail gasoline prices are plunging in California, with averages dropping below $4 a gallon for the first time since mid-February, according to one fuel-price survey. The average cost of a gallon of regular gasoline in California reached $3.99, down 12.7 cents since last week, according to the AAA Fuel Gauge Report. The third straight week of double-digit price drops left the California average 1.1 cents below the 2011 level. A month earlier, the state's average was $4.35 a gallon, AAA said.
BUSINESS
May 22, 2012 | By Ronald D. White, Los Angeles Times
Retail gasoline prices fell in California and across much of the nation over the last week, while crude oil recovered a little of the previous weeks' losses. The average cost of a gallon of regular gasoline in California fell 3.1 cents to $4.336 a gallon, according to the Energy Department's weekly survey of fuel prices, released Monday. That followed two weeks of increases totaling 28.1 cents a gallon. Last year at this time, a gallon of regular gasoline in California was 12.1 cents cheaper.
BUSINESS
May 15, 2012 | By David Lazarus
How much does the average family pony up for prom? A lot more than you'd think. Our friends at Visa, the credit card company, conducted a survey and determined that $1,078 is typical for the outfits, limos, parties and assorted goodies associated with the annual rite of passage for young people. "Prom season spending is spiraling out of control as teens continuously try to one-up each other," says Jason Alderman, Visa's senior director of global financial education.
BUSINESS
March 13, 2012 | By Ronald D. White, Los Angeles Times
Retail gasoline and diesel prices continued to rise in California and across much of the nation over the last week. Analysts are concerned that rising energy costs would be bad for the economy because more expensive gasoline affects how much Americans have left over to spend on other products, and higher diesel prices could boost the price of other items that are produced or transported using diesel. In California, the average price of a gallon of regular gasoline climbed 1.8 cents to $4.376, an increase of 42.2 cents a gallon since the same time last year.
BUSINESS
October 18, 2011 | By Ronald D. White, Los Angeles Times
Retail gasoline prices are on the rise again after five straight weeks of decline. The new increases are adding to the pain of historically high fuel costs for this time of year. In California, which has returned to its customary position as the most expensive state for fuel in the 48 contiguous states, the average cost of a gallon of regular gasoline rose 4.9 cents over the last week to $3.864. The numbers are from the Energy Department, which conducts a weekly survey of service stations around the U.S. A year earlier, the average price for a gallon of regular gasoline in California was $3.147, the Energy Department said.
BUSINESS
December 12, 2010 | By Duke Helfand, Los Angeles Times
Before Joanna Joshua and Kyle Winning started a family, they hunted for health insurance to cover the increasingly high cost of having a baby. The Valencia couple checked out nearly a dozen policies but came up empty, finally settling on a Blue Shield of California plan with a $5,000 deductible. Money was tight, with her finishing her education and him starting his own appraisal business. So when their son Dylan arrived prematurely in 2007, the couple had to scramble. They took a cash advance on a credit card to cover the deductible and $5,000 more for their share of an emergency cesarean section.
BUSINESS
April 8, 2010 | By Alejandro Lazo
Apartment rents are expected to fall as much as 3.5% in Los Angeles County this year, according to a study released Wednesday, as landlords compete for tenants in a market battered by stubborn joblessness and saturated with freshly constructed housing units. For apartment dwellers, falling rents have been the housing bust's thin silver lining: During the boom, rents had climbed in tandem with housing prices. Southern California's high number of foreclosures and the rampant overbuilding during the housing bubble has resulted in a glut of rentals as demand has slackened with high unemployment, according to the Casden Real Estate Economics Forecast.
BUSINESS
March 16, 2010 | By Ronald D. White
Gasoline prices at the pump rose slightly last week, the Energy Department said Monday, as oil futures fell to their lowest levels in March. The average price of a gallon of regular in California rose 1.5 cents to $3.061, according to the agency's weekly telephone survey of filling stations. Nationally, prices rose 3.7 cents to an average of $2.788 a gallon. In some potentially good news for motorists, analyst Tom Kloza said that prices nationally were already within 25 cents of their likely peak for the year, with the summer driving season yet to come.
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