ENTERTAINMENT
May 14, 2012 | By Ben Fritz and Steven Zeitchik, Los Angeles Times
Often film sequels are slam dunks at the box office, a seamless continuation from where a previous hit left off. But as the new installment of the 15-year-old franchise "Men in Black" proves, getting to the big screen isn't always a cakewalk. One of the most troubled productions in recent Hollywood memory, Sony Pictures' latest movie in the Will Smith-Tommy Lee Jones sci-fi-comedy franchise encountered multiple script rewrites, a discontented star and a three-month production shutdown as writers and studio executives scrambled to fix a project that nearly fell apart . By the time it was over, the studio had run up a tab of nearly $250 million - making "Men in Black 3" one of the most expensive releases of the summer.
BUSINESS
December 8, 2011 | By Susan Carpenter
BMW has been striving to reconcile its dueling images for years. Best known for its luxurious, sport-oriented cars, the German manufacturer's motorcycles are only beginning to shed their reputation as wheels for safety-conscious old men, thanks to exciting new bikes like the S 1000 RR and K 1600 LT. At this weekend's International Motorcycle Shows event in Long Beach, BMW is likely to confuse its image even further when its first scooters make...
WORLD
May 19, 2012 | Henry Chu and Lauren Frayer
The alarm over potential bank runs in Greece and Spain this week has highlighted an often-overlooked fact: Europe's debt crisis is also, in many ways, a major banking crisis. In capitals such as Athens, Madrid and Rome, large portions of the sovereign debt racked up by spendthrift governments are owed to the countries' own banks, locking governments and the banks in an embrace so tight that disaster for one would almost certainly spell doom for the other. International bailouts for Greece, Ireland and Portugal have helped to keep not just their governments but also their banks afloat, as well as financial institutions in other parts of Europe with large exposure to those nations' debts.
WORLD
April 24, 2011 | By Sergei L. Loiko, Los Angeles Times
After Svetlana Ivanova and her husband moved to this village in southwestern Russia 17 years ago, they laughed when they found out what locals called the $4 monthly payment for living in the contaminated Chernobyl zone: funeral money. Then one warm spring afternoon three years ago, her husband, Pyotr Ivanov, came home from a job-seeking trip to Moscow, put on a clean white shirt, stepped out into the garden "for a smoke" and hanged himself. "I remembered this sad joke when I buried my husband," she said.
BUSINESS
April 28, 2012 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. will offer about 90,000 U.S. salaried retirees and former employees vested in its pension plan a lump-sum payment to buy them out of monthly benefits. Ford, which also reported lower first-quarter earnings Friday because of losses in Europe and Asia, said the plan was an innovative strategy to reduce its pension obligations. The automaker won't put up any operating cash but rather will make the one-time payments from existing pension plan assets. "We believe this is the first time a program of this type and magnitude has been done in an ongoing pension plan," said Bob Shanks, Ford's chief financial officer.
WORLD
December 6, 2009 | By Henry Chu
Something is rotting in the state of Denmark. Lots of things, actually, and it's a bit of an embarrassment for this Scandinavian nation as it prepares to host a widely anticipated global environmental summit this week. Denmark is proud of its image as one of the greenest countries in the world; it's probably why it was chosen as the site of the 15th United Nations Conference on Climate Change. But beneath the gloss lurk some inconvenient truths, including the fact that, pound for pound, Denmark produces more trash per capita than any other country in the 27-member European Union.