February 26, 2014 |
The massive theft of Target Corp. customer data contributed to a huge drop in fourth-quarter profit as the retailer scrambled to win back the trust of consumers and shore up its hobbled payments system. The Minneapolis-based chain reported that profit was nearly halved from a year earlier to $520 million and revenue slid 5% to $21.5 billion. Target also racked up $61 million in expenses related to the hack, though it expects all but $17 million of that to be covered by insurance.
CALIFORNIA | LOCAL
February 25, 2014 |
Los Angeles firefighters on average earned nearly $43,000 in overtime in 2013, up nearly 20% from the year before, according to data released Tuesday by City Controller Ron Galperin. With overtime and bonuses factored in, the average firefighter was paid more than $142,000 last year, the data show. Though firefighters got the biggest share, overtime was up substantially across city departments, climbing more than $70 million to a total of $378 million in 2013, the data show. "The city is a 24-hour operation, so overtime is a part of doing business," Galperin said in a press release.
February 23, 2014 |
SOCHI, Russia - One of the few places the Russians were disappointed at these Games was in cross-country. The host nation had won only two silver medals, in men's relay and team sprint. But all of that changed Sunday, the final day of the Olympics, when Russia swept the men's 50-kilometer race. Alexander Legkov outsprinted his teammates to win the gold medal. Maxim Vylegzhanin edged Ilia Chernousov in a photo finish by .07 of a second. FRAMEWORK: Best images from Sochi Somewhat surprising was the performance of defending champion Oetter Northug of Norway.
February 19, 2014 |
Shares of Tesla Motors Inc. soared Wednesday after the electric car company slashed its losses and issued an upbeat outlook for this year. Tesla shares jumped to a record $216.95, a 12% gain, after the automaker released its fourth-quarter and annual financial results after the stock market closed. Investors focused on Tesla's calculation that it earned $46 million, or 33 cents a share, in the latest quarter, after making special adjustments to account for the deferred profit from automotive leases and other factors.
February 18, 2014 |
SOCHI, Russia - Youth was not served Tuesday. Instead, age was served on a rain-soaked platter. The four women who ruined 18-year-old Mikaela Shiffrin's red-carpet debut had a 33-year total age advantage on the young American. The top three finishers in the giant slalom were Olympic champions before they slid out of the start gate. The winner, Tina Maze of Slovenia, hadn't won a gold medal since … the women's downhill Feb. 12. FRAMEWORK: Best images from Sochi Maze, 30, probably has ski socks older than Shiffrin.
February 15, 2014 |
SOCHI, Russia - Slovenia's hockey team traveled a long and difficult road to qualify for the Olympics for the first time, a journey it had to make without help from its only NHL player, standout Kings center Anze Kopitar. But Team Slovenia on Saturday gave hope to every so-called lesser hockey nation by upsetting Slovakia for its first-ever Olympic hockey victory, a 3-1 decision that was well-executed and well-deserved. “It's definitely a big thing for Slovenian hockey,” said Kopitar, whose father, Matjaz, is the team's coach.