BUSINESS
May 19, 2012 | By Lauren Beale, Los Angeles Times
Their internationally recognized names sell music and movie tickets. They promote perfumes and presidents. But when it comes to selling their own houses, celebrities often find that their cachet doesn't pull in the cash. Actors Goldie Hawn and Kurt Russell haven't found a buyer for their Malibu beach house, which comes with a raft of celeb-friendly amenities including a covered outdoor living room, a spa-like bath retreat and a meditation room. So the couple have nipped $3.5 million from last year's price, listing the Balinese-influenced oceanfront spread at $11.2 million.
SPORTS
May 12, 2012 | By Bill Shaikin
High price,poor product If you can't buy 'em, beat 'em. That could be the motto for Steven Cohen , the hedge-fund billionaire and runner-up in the bidding for the Dodgers. The San Diego Padres are up for sale, and Cohen is thought to be one of at least five potential buyers cleared by Major League Baseball to review the team's confidential financial data. Cohen already owns a small stake in his hometown New York Mets, but the majority owners of the Mets appear to have staved off the legal and financial distress that might have enabled Cohen to buy them out completely.
NATIONAL
May 12, 2012 | By John M. Glionna, Los Angeles Times
Among all the special places inside his sprawling 10,700-square-foot mountaintop home, Daniel Coletti savors the vibe inside the living room most. It's a luxury dreamscape distinguished by mammoth walls of glass and Idaho-hewn stone. At night, he gazes out past the blue waters of an indoor-outdoor infinity pool and onto a vast citywide vista capped by the shimmering lights of the Strip. "It's like looking at a fire," his wife, Natalie, said. "You can't turn your eyes from it. " The property has another unique feature: Offered at $13.9 million, it's the most expensive residential listing in Las Vegas.
BUSINESS
May 10, 2012 | By Alex Pham, Los Angeles Times
Video game sales took a nose dive in April, plunging a stomach-churning 42% compared with a year earlier as companies cranked out fewer releases than in April 2011. Retailers rang up only $292.1 million in game sales last month, down from $503.2 million a year earlier, according to NPD Group, a market research firm. With fewer new games to drive people into stores, sales of game consoles also took a hit, falling 32% to $189.7 million. "Simply stated, there were notably fewer" new game releases, said NPD analyst Anita Frazier.
WORLD
May 9, 2012 | By Sergei L. Loiko, Los Angeles Times
MOSCOW - A new Russian passenger plane with 50 people aboard went missing Wednesday during a demonstration flight over Indonesia, officials said. The Sukhoi Superjet 100, on a South Asian promotional tour, disappeared from radar screens 20 minutes into its second flight from Jakarta. The crew last spoke to ground control while over Mt. Halimun Salak National Park in West Java province, the Rossiya 24 television network reported. "Before communication was lost with the plane, there was no information about the malfunction of the systems," said Vladimir Prisyazhnyuk, president of Moscow-based Sukhoi Civil Aircraft Co. "The plane has conducted about 500 flights with the overall flight time over 800 hours [and]
BUSINESS
May 6, 2012 | By Kenneth R. Harney
WASHINGTON — It may be the best-kept secret in residential real estate: For a couple of hundred dollars, a potential buyer bidding on an existing house can ask for a formal energy audit along with the standard inspection clause. That audit, in turn, can save the buyer thousands of dollars in future operating costs and pinpoint the specific features of the house that need correction to improve efficiency. It might also be a tipoff to a sobering reality: This house is an energy guzzler.