May 17, 2013 |
WASHINGTON - The Obama administration on Friday condemned Russia's delivery of advanced antiship missiles to Syria and its buildup of warships in the eastern Mediterranean, arguing that the Kremlin's escalating support for its longtime ally in Damascus could prolong the civil war. Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said Russia's military moves would "embolden" Syrian President Bashar Assad's forces and extend the suffering in...
CALIFORNIA | LOCAL
May 8, 2013 |
SACRAMENTO - California legislative leaders and 10 public employee unions announced opposition Wednesday to any sale of the Los Angeles Times and other Tribune Co. newspapers to a pair of wealthy brothers who fund conservative causes. In a letter dated Tuesday to Bruce Karsh, president of Oaktree Capital Management, the largest shareholder in Tribune Co., and chairman of its board of directors, the unions said David and Charles Koch are "anti-labor, anti-environment, anti-public education and anti-immigrant.
May 4, 2013 |
Occidental Petroleum shareholders ousted Chairman and former Chief Executive Ray Irani in a dramatic annual meeting that signaled the end of an era for the storied oil and gas producer. It concluded a nearly three-decade run as a director of the Los Angeles company for the 78-year-old Irani. He first took the reins as CEO in 1990 from oil industry legend Armand Hammer. Back then, Occidental was considered something of a joke in the industry, with far-flung holdings in such odd areas as film production and horse and cattle breeding.
April 23, 2013 |
WASHINGTON - Republicans have stepped up their pressure to limit the wide-ranging powers of the nation's watchdog over consumers' money matters. The head of a key House committee overseeing the Consumer Financial Protection Bureau said he would no longer accept the testimony of Richard Cordray, the bureau's director, before his panel because he doesn't believe Cordray was legally appointed to his post. Cordray, who delivered his semi-annual report to the Senate Banking Committee on Tuesday, was set to do the same in coming weeks in the House, as required by law. But Rep. Jeb Hensarling (R-Texas)
April 23, 2013 |
WASHINGTON -- The head of the Consumer Financial Protection Bureau will deliver his semi-annual report to the Senate Banking Committee on Tuesday morning, but he's not welcome to do the same before a House panel. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) said bureau Director Richard Cordray was not legally appointed to the position and therefore the panel cannot accept his testimony. It was the latest salvo in a long-running battle by top Republicans against the bureau, which was created in 2010.
April 22, 2013 |
The woman who led History Channel to historic ratings has been promoted. Nancy Dubuc, president of entertainment and media for A+E Networks, parent of cable networks History, Lifetime and A&E, has been tapped as president and chief executive of the company, which is jointly owned by Walt Disney Co. and Hearst Corp. Dubuc, 44, will succeed Abbe Raven, 60, who has been chief executive of A+E Networks since 2005. Raven will stay on and become chairman. Dubuc will report to both Raven and the A+E board of directors.
CALIFORNIA | LOCAL
April 12, 2013 |
SACRAMENTO -- John Burton, the combative chairman of the California Democratic Party, isn't too worried about Republican Abel Maldonado running for governor next year. "Oh, I bet Jerry Brown is wetting his pants," he quipped Friday before speaking during the opening night of his party's convention here in Sacramento. Maldonado filed paperwork earlier this month to begin raising money for a potential gubernatorial campaign. A former state lawmaker, he was appointed as lieutenant governor by Gov. Arnold Schwarzenegger but lost the seat to Gavin Newsom in the 2010 election.
April 9, 2013 |
For several days, Occidental Petroleum Corp. has been roiled by speculation that its CEO search was really a power play by Executive Chairman Ray Irani to push out his onetime protege, Chief Executive Stephen Chazen. On Monday the Westwood company's board of directors took the unusual step of saying there is "no fight at the top" of the oil and gas producer, but made clear that the two men who have run Occidental for the last decade were on their way out in one way or another. The board's statement, billed as unanimous, went on to say that the 78-year-old Irani played no role in the February decision by independent directors to identify a successor for Chazen, 66. Chazen acknowledged Monday that he didn't ask to leave Occidental but said, "I respect the board's decision to seek a new generation of leadership.
April 6, 2013 |
KABUL, Afghanistan - Joint Chiefs of Staff chairman Gen. Martin Dempsey arrived in Afghanistan on Saturday for a weekend visit aimed at assessing the amount and type of training that American troops will continue to provide Afghan defense forces after 2014, military officials said. But his arrival was marred by new violence. Three foreign soldiers and two coalition civilian workers were killed hours after he landed when a bomb-laden vehicle exploded in southeastern Zabul province, NATO officials said, without identifying the nationalities of those killed.