CALIFORNIA | LOCAL
April 24, 2014 |
An oil operation that sent noxious fumes into a South Los Angeles neighborhood has agreed to spend about $700,000 on upgrades to prevent future hazardous emissions, the U.S. Environmental Protection Agency announced Thursday. The settlement capped a four-month investigation by the EPA into Allenco Energy Inc. that was prompted by hundreds of complaints of chemical odors, respiratory ailments, nosebleeds and other health problems in the University Park community, about a half-mile north of USC. "The company must notify the EPA that they have completed the improvements at least 15 days before reopening," said Jared Blumenfeld, the EPA's regional administrator for the Pacific Southwest.
April 21, 2014 |
Activist investor Bill Ackman is partnering with a Canadian pharmaceutical company in an effort to buy Allergan Inc., the Irvine company that makes the popular wrinkle treatment Botox. Ackman and Valeant Pharmaceuticals International Inc. have already acquired nearly 10% of Allergan's shares and will soon offer to purchase the company, Ackman and Valeant said Monday in a regulatory filing. News of the likely bid increased the stock price of both companies. In after-hours trading, investors drove up Allergan as much as 21% and Valeant by 10%. No formal offer was made Monday, but there was speculation about how much Allergan could fetch.
April 21, 2014 |
The 1,000 most popular websites in the world are now safe from the Heartbleed vulnerability, but 2% of the top 1 million websites remain unsecure, a security firm recently said. Cyber security firm Sucuri Inc. said it scanned the top websites as ranked by Alexa Internet, a company that collects Web traffic data, to test how many of them remain vulnerable to Heartbleed, a bug that was recently discovered. Heartbleed is a hole in OpenSSL, a security software used by most websites, that gives hackers an entryway to steal sensitive user data, including passwords.
April 18, 2014 |
Call it the Great Easter Egg Smackdown of 2014. Every time I write about hard-boiled eggs, I seem to get a flood of mail telling me, essentially, "You're an idiot, and you're doing it all wrong. " So this year I threw down the gauntlet. On our Daily Dish blog and on social media, I posted a challenge to all those hard-boiled naysayers: You tell me how you do it, and we'll give it a try. Not to get all smug, but my method won out again. Though I did pick up a couple of refinements along the way. (None of which is to say, however, that I am not an idiot; just that I can boil an egg.)
CALIFORNIA | LOCAL
April 16, 2014 |
Transportation officials have shelved plans for a second entrance to a downtown subway station across from L.A. police headquarters and the Los Angeles Times because the newspaper's parent company says it may develop the site, according to Metro documents published Tuesday. The Tribune Co. property, a parking lot in downtown L.A.'s Historic Core, is the site of a future station along a $1.4-billion subway aimed at closing one of the most frustrating gaps in Los Angeles County's growing rail network.
April 15, 2014 |
The average American would have to fork over an extra $1,259 in state and federal income taxes this year to make up for the revenue lost because of offshore tax havens used by corporations and wealthy individuals, according to a new report. U.S. companies will use offshore tax havens to avoid paying an estimated $110 billion in taxes this year, according to the analysis by the U.S. Public Interest Research Group. Wealthy people will circumvent about $74 billion in taxes. The report underscores the controversial issue of major companies using elaborate maneuvers to sidestep taxes, often by stowing income in overseas subsidiaries set up primarily for tax purposes.