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ENTERTAINMENT
March 5, 2014 | By Lorraine Ali
Hany Abu-Assad should be used to the tension by now. The Palestinian director has shot most of his films ("Paradise Now," "Rana's Wedding") in a region known far more for its conflict than its cinema, and his story lines often take place in between tangles of barbed wire and crowded checkpoints. But filming "Omar" on the West Bank and in his hometown of Nazareth almost proved too much - even for Abu-Assad. "At the end of the shoot, I told everybody, 'I'm not going to make another movie,'" said the director.
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CALIFORNIA | LOCAL
April 11, 2014
Van Vlahakis Ecology-minded entrepreneur founded Earth Friendly Products Van Vlahakis, 79, an ecology-minded entrepreneur who manufactured and marketed environmentally safe cleaning products, including the best-selling ECOS laundry detergent, died Sunday at his home in Key Largo, Fla., his family said. The cause of death was not known. The Greek-born Vlahakis founded Venus Laboratories in the garage of his Chicago home in 1967. A decade later he changed the name to Earth Friendly Products and opened a headquarters and factory in Garden Grove.
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ENTERTAINMENT
October 4, 2013 | By Daniel Miller
Sony Pictures Entertainment is finalizing a new co-financing deal with Blue Anchor Entertainment, a venture from showbiz lawyer John LaViolette and "Doctor Dolittle" producer Joseph Singer, according to people with knowledge of the matter.  The three-year equity financing arrangement would provide Sony Pictures with $300 million to $350 million, executives close to the talks who were not authorized to comment publicly said. The arrangement could also include a credit facility. Sony Pictures, a unit of Tokyo-based Sony Corp., declined to comment.
CALIFORNIA | LOCAL
April 2, 2014 | By Emily Alpert Reyes
More than 450   medical marijuana shops have filed renewals to pay Los Angeles business taxes this year - more than three times as many as are allowed to stay open under Proposition D. The new numbers won't settle the debate over how many medical marijuana businesses are now operating in Los Angeles. Additional pot shops may be open but have fallen delinquent on their taxes. Some may have never registered to pay taxes at all. But the numbers provide the latest hint at what has happened since Los Angeles voters passed new rules attempting to restrict medical marijuana shops.
BUSINESS
February 4, 2014 | By Shan Li
Solar financing company Sunrun acquired a residential solar business that will expand its reach in the booming California solar market. The San Francisco company is purchasing three subsidiaries of Mainstream Energy Corp.: solar product distributor AEE Solar, equipment manufacturer SnapNrack and the residential solar division of REC Solar. Sunrun in a statement said the acquisitions would enable the company to lower costs for consumers and improve access to solar panels. Terms of the deal were not released.
ENTERTAINMENT
September 30, 2013 | By Daniel Miller
Warner Bros. Pictures has struck a film financing deal with RatPac-Dune Entertainment LLC, a new entity formed by Dune Entertainnment's Steven Mnuchin and RatPac Entertainment, the film finance vehicle of filmmaker Brett Ratner and Australian businessman James Packer. The four-year co-financing deal is valued at about $450 million, according to a source with direct knowledge of the matter who was not authorized to comment publicly on the matter. It will cover as many as 75 titles from Burbank-based Warner Bros.
SPORTS
February 22, 2012 | By Lance Pugmire
Sacramento Mayor Kevin Johnson, NBA Commissioner David Stern and Sacramento Kings ownership are scheduled to gather at All-Star Weekend in Orlando to discuss terms for the financing of a new arena to submit to the city council on March 6. In a joint news release by Johnson and Stern, the sides expressed confidence about meeting the NBA-imposed March 1 deadline to produce a plan to pay for a new $387-million arena downtown. "Our approach makes good on the principles that have guided us throughout this process: protecting the taxpayers, creating jobs, and pursuing an open and transparent process," Johnson said in the statement.
BUSINESS
September 26, 2013 | By Tiffany Hsu
J.C. Penney publicly defended its trajectory Thursday after watching its stock plunge amid speculation that it needed another financing boost. In a statement, the retailer said it is “pleased with its progress thus far in the company's turnaround and the traction its initiatives are starting to achieve.” J.C. Penney also said it was “starting to see greater predictability in its performance across many areas” -- a nod to several recent...
CALIFORNIA | LOCAL
August 24, 1987
Leo Trombatore's (state director of transportation) letter (Aug. 14) reveals the un-Republican, anti-Adam Smith philosophy of the Deukmejian Administration's bond proposal for highway financing. It does not provide the "more balanced approach to highway finance" promised by Trombatore. It continues and exacerbates the present imbalance--sales taxes, property taxes and businesses pay the public cost for motorists and truckers, particularly the latter. It is this imbalance which has gotten us into this mess in the first place.
BUSINESS
July 20, 2011 | By P.J. Huffstutter, Los Angeles Times
In a bid to fight childhood obesity and change eating habits on the local level, First Lady Michelle Obama is expected to announce a healthful food financing initiative Wednesday that aims to draw grocery stores into so-called food desert areas in California. The $200-million program, dubbed the California FreshWorks Fund, is a joint effort by the California Endowment and a team of grocery industry groups, healthcare organizations and leading Wall Street banks. Modeled after similar funds launched in New York City and Pennsylvania, the idea for the California fund was hatched about 18 months ago by the California Endowment, a private, statewide health foundation.
CALIFORNIA | LOCAL
April 1, 2014 | By Melanie Mason
SACRAMENTO - Stung by criminal cases involving three state senators, Democratic legislative leaders vowed Tuesday to reassess their campaign finance practices, and canceled a lucrative golf fundraiser scheduled for this weekend. The promise of self-scrutiny among Senate Democrats was just one way last week's criminal complaint against Sen. Leland Yee (D-San Francisco) detailing public corruption and arms trafficking charges continues to reverberate through the Capitol. Also on Tuesday, federal agents were again present in a legislative office building, searching a room used by Yee as an overflow office, according to Senate workers.
BUSINESS
March 26, 2014 | By E. Scott Reckard and Walter Hamilton
Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac. The government-sponsored mortgage finance giants had demanded compensation from the Charlotte, N.C., bank for losses on securities backed by faulty loans issued during the housing boom. The bank said the settlement, announced Wednesday, resolves all claims against BofA by the Federal Housing Finance Agency, the agency that regulates Fannie and Freddie.
CALIFORNIA | LOCAL
March 20, 2014 | By Catherine Saillant
In the first major debate of the campaign, four of the candidates vying to replace Zev Yaroslavsky on the Los Angeles County Board of Supervisors faced off Thursday in a debate that focused mostly on fundraising. It was an opportunity for key contenders to begin shaping their messages and distinguishing themselves from rivals before an audience on the UCLA campus. And they didn't hold back. The candidates discussed how best to work with a new sheriff to fix the county's crowded jails and how they plan to appeal to voters in the San Fernando Valley, where half the votes lie. But the most heated exchange came as they discussed the effect of money in the campaign, and how dollars are being raised.
OPINION
March 12, 2014 | By Lara Krupicka
The iconic Statue of Liberty, positioned in New York Harbor to welcome those entering the United States, stands as a symbol of what's best about our country and the freedom it has offered so many. But it was only when I visited Lady Liberty for the first time recently that I discovered something else she represents: an early example of crowdfunding. A display in the museum on Liberty Island describes how, in 1885, Joseph Pulitzer ran an appeal to readers of his newspaper the New York World for funds to build the statue's pedestal.
BUSINESS
March 11, 2014 | By Jim Puzzanghera
WASHINGTON - Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward with bipartisan agreement from key senators on a plan to overhaul the housing finance system. The proposal released Tuesday would slowly shrink the companies and replace them with a scaled-back government guarantee for mortgages. Details are expected to be disclosed in the coming days. Fannie Mae and Freddie Mac, which together own or guarantee about 60% of existing mortgages, were seized by the federal government in 2008 as they neared bankruptcy from bad loans they guaranteed during the subprime housing boom.
BUSINESS
March 7, 2014 | By Ronald D. White
Millennials stand out among other generations for their optimism over personal finances and America's future, according to a new national survey released Friday by the Pew Research Center. But the upbeat thinking among the 18-to-33-year-old crowd is also marked by near or at record levels of detachment and distrust of traditional institutions, the report also said. “Millennials are forging a distinctive path into adulthood. " said Paul Taylor, Pew Research Center's executive vice president for special projects and author of the new book "The Next America.
REAL ESTATE
November 10, 1985
The sum of $10 million in first mortgage financing has been obtained for the Douglas Oil Building in Los Angeles, through Sonnenblick-Goldman of California from a California savings and loan association. The Douglas Oil Building is a 13-story, 142,000-square-foot office tower at 530 West 6th St. in Los Angeles. The financing was obtained on behalf of Kellogg Properties/AYCO of New York.
REAL ESTATE
March 15, 1987
Permanent financing of $60 million for the Arco Tower complex in downtown Long Beach has been arranged through the Denver office of L. J. Melody & Co., Houston-based mortgage banker and investment concern. The financing for the complex, owned by Pacific Tower Associates, was provided by the Teacher Retirement System of Texas. The twin 14-story towers in the Arco complex at 200-300 Ocean Blvd. contain more than 473,000 square feet of office space.
ENTERTAINMENT
March 5, 2014 | By Lorraine Ali
Hany Abu-Assad should be used to the tension by now. The Palestinian director has shot most of his films ("Paradise Now," "Rana's Wedding") in a region known far more for its conflict than its cinema, and his story lines often take place in between tangles of barbed wire and crowded checkpoints. But filming "Omar" on the West Bank and in his hometown of Nazareth almost proved too much - even for Abu-Assad. "At the end of the shoot, I told everybody, 'I'm not going to make another movie,'" said the director.
ENTERTAINMENT
February 26, 2014 | By Dawn C. Chmielewski
A Venice company whose technology helps brands find their most passionate YouTube fans and incorporate their enthusiast videos into marketing campaigns has attracted $30 million in new funding. Zefr attracted the fresh round of financing from a group of investors led by Institutional Venture Partners, a  late-stage venture capital fund that previously backed Netflix, Snapchat and Twitter. The fund's general partner, Dennis Phelps, will join Zefr's board. “The new investors believe it has the potential to be a billion-dollar business, and I believe that too,” said Mark Terbeek, who led an early investment in the company.
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