BUSINESS
April 25, 2012 | By Roger Vincent, Los Angeles Times
CBRE Group Inc., the world's largest commercial real estate brokerage, turned a profit in the first quarter as U.S. property sales took off. The Los Angeles firm said Tuesday that income from arranging transactions to buy or rent space in offices, warehouses and other commercial properties helped revenue increase 14% from a year earlier to $1.35 billion. Growth was driven primarily by activity in the United States as leasing transactions fell off in Europe and sales slid in Asian markets.
BUSINESS
April 24, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — The rapid growth of Facebook Inc. showed signs of slowing in the first quarter, potentially cooling investors' fervor just weeks before the company's hotly anticipated initial public stock offering. Facebook generated $1.06 billion in sales, the second quarter in a row sales topped $1 billion. That represented a 45% jump from a year earlier but a 6% decline compared with the fourth quarter. The financial performance, the company's most anemic since at least 2010, fell below analysts' expectations.
BUSINESS
April 18, 2012 | By E. Scott Reckard, Los Angeles Times
East West Bancorp reported a 21% jump in first-quarter earnings, with an increased profit margin on lending and fewer troubled loans. The Pasadena company, the nation's largest Asian American bank, said Tuesday that it earned $68.1 million, or 45 cents a share, compared with $56.1 million, or 37 cents, a year earlier. Revenue, a challenge for many banks as the economy slowly recovers, rose 9.5% to $240.6 million from $219.8 million. The results, which beat Wall Street estimates by 2 cents a share, represented "another solid quarter" for East West, with steady increases in its portfolios of home mortgages and commercial and trade finance loans, RBC Capital Markets analyst Joe Morford said.
CALIFORNIA | LOCAL
April 17, 2012
Martin Poll, 89, a veteran producer best known for "The Lion in Winter," the Oscar-winning 1968 film that starred Katharine Hepburn and Peter O'Toole, died Saturday in New York. He had pneumonia and kidney failure, according to his son, Jon. Hepburn won a best actress Oscar for her portrayal of Eleanor of Aquitaine. The film was also honored for best musical score and best adapted screenplay. Poll produced a remake for television in 2003 with Glenn Close in the Hepburn role. During a five-decade career, Poll produced a dozen films with stars such as Elizabeth Taylor and Woody Allen.
NEWS
April 16, 2012 | By Thomas H. Maugh II / For the Booster Shots blog
Death rates from unintentional injuries of children from birth to age 19 fell by nearly 30% in the United States from 2000 through 2009, largely because of a 41% drop in deaths in car crashes, the Centers for Disease Control and Prevention said Monday. That amounts to more than 11,000 children saved during the decade, Dr. Ileana Arias, principal deputy director of the CDC, said in a news conference. "The rate is among the worst of all high-income countries," she said, and the real shame is that most of the deaths "are predictable and preventable.
ENTERTAINMENT
April 11, 2012 | By Reed Johnson, Los Angeles Times
At this year's Oscars, Philippe Falardeau spotted his idol Steven Spielberg standing alone, firing off a text message. Falardeau panicked. How, the French-Canadian director fretted, could he break the ice and strike up a chat? "I was like, 'What do I do? What am I going to say to this guy?' So I just ran away," Falardeau, 44, recalled recently over breakfast at a Sunset Strip hotel. "I was just too shy. I blew my assignment. " Perhaps. But Falardeau seems to be making the most of an improbable career that was handed to him 20 years ago when he was picked for a TV-show filmmaking contest, and that reached a midlife apogee this year when he earned a foreign language film Oscar nomination for his fourth feature, the bittersweet classroom drama "Monsieur Lazhar.