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SPORTS
March 14, 2012 | By Chuck Schilken
Calvin Johnson has lived up to his larger-than-life nickname on the field. Now he's being rewarded with the biggest contract in NFL history. The wide receiver known as Megatron has signed a new eight-year contract worth $132 million, including $60 million guaranteed, to remain with the Detroit Lions through the 2019 season. The former No. 2 overall draft pick was entering the final year of the six-year deal he signed with Detroit as a rookie in 2007. Under the former deal, Johnson's contract would have cost the team more than $20 million against their salary cap. "They were happy to get this thing done with, and I was happy as well,” Johnson said.
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SPORTS
March 2, 2013 | By Mike DiGiovanna
TEMPE, Ariz. -- The agent for Mike Trout knew for days that the Angels would “renew” the contract of the star outfielder Mike Trout because they were far apart in negotiations for a 2013 salary. But when Trout was assigned a salary of $510,000 on Saturday, a mere $20,000 above the major league minimum, after winning American League rookie of the year honors and finishing second in voting for most valuable player last season, Craig Landis was stunned. “During the process, on behalf of Mike, I asked only that the Angels compensate Mike fairly for his historic 2012 season, given his service time,” Landis, who represents Trout, said in an email.
BUSINESS
March 9, 1989
Vernitron Controls in San Diego won a $41,480 contract from the Navy to supply transmitters.
NATIONAL
February 22, 2010 | By Kathleen Hennessey
Although "tea party" activists and other conservatives claim kinship with the founding fathers and the Spirit of '76, their emerging strategy for the November elections has more in common with the Spirit of '94 -- the year Republicans ended 40 years of Democratic dominance on Capitol Hill. Conservative strategists centered the 1994 Republican campaign on a "Contract with America." This year, GOP leaders in the House have pledged to issue their own, updated version of that agenda, which is widely credited with having helped Republicans focus their message and win a historic victory.
SPORTS
September 29, 2011
The Dodgers have four players under contract for 2012 and they will make about $33.75 million. They are: Ted Lilly: $12 million Juan Uribe: $8 million Matt Guerrier: $4.75 Chad Billingsley: $9 million Total: $33.75 million
BUSINESS
March 4, 2011 | By P.J. Huffstutter, Los Angeles Times
The grocery workers union and Southern California's three leading supermarkets agreed to extend their main labor contract through the end of the month. The contract previously had been set to expire Sunday night. Labor and grocery officials declined to comment Friday on the specific issues being negotiated, saying only that the discussions included employee wages, healthcare benefits and pensions. A spokeswoman for Ralphs said both sides also agreed to meet several more times over the next few weeks to continue negotiating.
BUSINESS
June 7, 1989
Rockwell International Corp. in Canoga Park, won an $8.3-million contract for oxygen iodine laser studies.
BUSINESS
April 1, 2012 | By Kenneth R. Harney
WASHINGTON — What's behind the unusually high rate of contract cancellations and settlement delays in the real estate market? With signs of recovery emerging in many parts of the country, shouldn't deals be zipping along with minimal complications? Apparently not. Nearly one-third of realty agents in a new national survey reported experiencing contract cancellations — purchases crumbling before closing — in February. That's up dramatically from a similar poll 12 months earlier, when just 9% of agents reported cancellations.
SPORTS
January 30, 2013
New York Yankees star Alex Rodriguez has already admitted to using performance-enhancing drugs from 2001 to 2003. But now A-Rod is said to be one of several people who received PEDs from a now-closed Florida clinic as recently as last year, according to a report Tuesday by the Miami New Times. A spokesman for Rodriguez has denied the report. Writers from around Tribune Co. discuss whether the Yankees should try to find a way to void the slugger's hefty contract and if such an attempt would be successful.
ENTERTAINMENT
July 3, 2012 | By Ben Fritz
The International Alliance of Theatrical Stage Employees, which represents more than 38,000 behind-the-scenes workers in the film and television industries, has ratified a new three-year contract with Hollywood producers. Fourteen Hollywood locals, which represent IATSE members in professions such as camera operator, set decorator and grip, unanimously approved the new contract, which provides for a 2% annual wage increase and a 20% raise in employer contributions to the union health plan.
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