BUSINESS
May 19, 2012 | By Alex Pham, Los Angeles Times
Facebook Inc.'s initial public offering isn't just a flop on Wall Street. It's also not making waves in social gaming land. Facebook, whose popularity among its nearly 1 billion users has been partly fueled by social games published by Zynga Inc., Electronic Arts Inc. and others, may be facing a collapse of its gaming ecosystem, according to a book released this week by P.J. McNealy, a media analyst with Digital World Research. "Early Days: The Social Gaming Market and Facebook's Achilles' Heel" argues that developers are no longer making as many Facebook games because it has become impossible for them to make money.
BUSINESS
May 16, 2012
Yahoo Inc. is trying to stake a claim on the summer movie season with the launch of Movieland, an interactive online game promoting 35 upcoming big-budget films. Developed with participation from all the major movie studios, Movieland is laid out as a virtual board game, with each square representing a summer film. Users will be able to watch trailers, answer trivia questions, earn and share online badges, buy tickets and win prizes. Ken Fuchs, vice president and head of sports, entertainment and games at Yahoo Media Network, said Movieland "game-ifies moviegoing in an interesting way. It sucks people into an experience.
WORLD
May 16, 2012 | By Robyn Dixon, Los Angeles Times
JOHANNESBURG, South Africa - Africa's rapid economic growth has helped change the stereotype of a hopeless continent of starving people waiting to be rescued, but it has also created an intense need for strong managers, according to a report released Tuesday. Poor management is hurting the effectiveness of global multinational corporations, major local companies, governments and charitable foundations in many African countries, says the report by the African Management Initiative, a nonprofit organization focused on training managers to help business development on the continent.
CALIFORNIA | LOCAL
May 11, 2012 | By Louis Sahagun, Los Angeles Times
Despite strong opposition from environmentalists, the state Assembly on Thursday approved controversial legislation that allows a solar energy developer to bypass local agencies in seeking to build a large-scale power plant in a valley that is home to desert tortoises, golden eagles and bighorn sheep. The nation's leading environmental groups see K Road Power's proposed 663-megawatt Calico Solar plant as one of the most ecologically damaging renewable energy projects in the California desert.
CALIFORNIA | LOCAL
May 10, 2012 | By Tony Barboza, Los Angeles Times
A truce has been forged in the decades-long fight over the forested land surrounding the world-famous Pebble Beach resort. The California Coastal Commission on Wednesday approved a plan by actor Clint Eastwood, golfer Arnold Palmer, former baseball Commissioner Peter Ueberroth and other Pebble Beach Co. owners that is billed as the last development ever at the gated complex of golf courses, mansions and hotels on the Monterey Peninsula. The decision largely puts to rest a contentious environmental battle over the company's plans to expand into its prime real estate holdings in the forest above the craggy bluffs and crashing surf.
SPORTS
May 9, 2012 | By Bill Shaikin
Magic Johnson has the power to veto any development Frank McCourt might propose for the Dodger Stadium parking lots, according to a provision in an agreement between McCourt and the new owners of the Dodgers. McCourt sold the Dodgers to Guggenheim Baseball Management but retained half-ownership of the parking lots. Guggenheim secured the right to approve any development and designated Johnson as the party who would grant approval. The provision, in a document that is not public, confirms what Guggenheim executives have said, that they control development of the property.