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Earnings

CALIFORNIA | LOCAL
February 25, 2014 | By Jack Dolan
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.
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SPORTS
February 23, 2014 | By John Cherwa
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.
BUSINESS
February 20, 2014 | By Chris O'Brien
Hewlett-Packard reported first-quarter earnings Thursday that beat analysts' expectations even as the company reported another decline in revenue.  HP said revenue for the first quarter ending in January was $28.2 billion, down from $28.4 billion, or about 1%. That topped the $27.2 billion Wall Street expected, according to Thomson Financial. Revenue at the company has been declining for a couple of years now. However, the 1% decline is less than the 4% decline Wall Street expected, and it's less than the 6% decline HP reported a year ago. "HP is in a stronger position today than we've been in quite some time," said Meg Whitman, HP's president and chief executive officer, in a statement released with the earnings.
BUSINESS
February 20, 2014 | By Tiffany Hsu
If Wal-Mart Stores Inc.'s fiscal fourth-quarter earnings were any indication, the economy could use some shaping up. The Bentonville, Ark., giant, the largest retailer in the world, said its profit for the three-month period ended Jan. 31, plunged 21% to $4.4 billion, or $1.36 a share, from $5.6 billion, or $1.67 a share, during the same period a year earlier. The company's earnings missed Wall Street's expectations of $1.59 a share. The chain's $128.8 billion in net sales, a 1.4% increase, also failed to hit forecasts of $129.9 billion.
BUSINESS
February 19, 2014 | By Jerry Hirsch
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.
SPORTS
February 18, 2014 | Chris Dufresne
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.
SPORTS
February 15, 2014 | By Helene Elliott
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.
SPORTS
February 14, 2014 | By Stacy St. Clair
SOCHI, Russia - An Olympic medal had eluded Noelle Pikus-Pace in the cruelest of ways during her career. In 2005, a runaway bobsled struck her in an outrun of a Canadian track, shattering her leg and causing her to miss the Turin Games in 2006. Five years later, she missed a medal by one-tenth of a second in Vancouver. So, her jubilation was understandable Friday after she finished second in the women's skeleton event. FRAMEWORK: Best images from Sochi "This is better than gold for me," she said, through a mixture of tears and laughter.
SPORTS
February 12, 2014 | By Bill Shaikin
Ben Hogan won at Riviera Country Club. So did Byron Nelson and Sam Snead too, all before the Dodgers or Lakers ever showed up here. This is the week when Los Angeles shares its cherished course with the PGA Tour, and all that history and tradition generally matters little to the traveling circus. On Sunday, the golfers will pack their bags and head to the Arizona desert, another tournament in the books, another weekend of work done. It isn't like that for John Merrick. He grew up in Long Beach, went to UCLA, then moved back to Long Beach.
SPORTS
February 10, 2014 | Chris Dufresne
SOCHI, Russia - Julia Mancuso knows that trying to catch Lindsey Vonn in World Cup victories is futile, like a baseball pitcher saying he wants to catch Cy Young. Mancuso and Vonn both are 29 and with Vonn leading by the World Cup score of 59 to 7, that ballgame is over. Mancuso has been left to carve out a different legacy, but it's the one America, and NBC, will probably remember longer. FRAMEWORK: Best images from the Sochi Olympics Mancuso's ski racing legacy will be the Olympics.
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