February 16, 2011 |
Film and television production in Los Angeles could help rouse the area from its economic stupor, although growth will be slow this year and next, according to a forecast scheduled to be released Wednesday by the Los Angeles County Economic Development Corp. "We're looking at an economy that is poised to start to growing again in 2011," said Nancy Sidhu, chief economist of the LAEDC. The motion picture and TV production sector added 16,500 jobs in 2010, becoming one of the fastest-growing employment sectors, according to the forecast.
December 11, 1985
Agricultural economists forecast a brighter 1986 after several years of slumping prices due to overproduction. "It appears that we've reached the bottom of this supply-side problem in permanent planted crops and that we're going on the upswing," Frederick Cannon of Bank of America told a Fresno symposium. New tree crops and grapes planted several years ago are now producing, while some old acreage is being pulled out, Cannon said.
December 1, 1986
Colombia's coffee output for the 1986-87 coffee year will be at least 15% less than officially forecast, according to Gilberto Arango, president of the Assn. of Private Exporters. Arango said that output from Colombia, a major coffee producer, will be less than 10.3 million 132-pound bags, compared to the official projection of 12 million. He said that heavy rainfall and other problems will reduce the crop. Colombian coffee production for the year ended Sept. 30 was 11.9 million bags.
February 29, 2008 |
Top U.S. satellite television provider DirecTV Group Inc. said subscriber growth this year was running behind expectations. The company said it would probably miss its goal of about 18 million subscribers by the end of 2008, saying the figure was now more likely to be 17 million to 18 million.
CALIFORNIA | LOCAL
April 15, 1988 |
The spring showers of the last few days should leave town just in time to provide the type of warm and sunny weekend San Diegans have become accustomed to. A storm system drifting down the California coast is expected to bring rain through this morning, but the sun should break through by the afternoon, according to National Weather Service forecaster Wilbur Shigehara. The chance of rain this morning is 40%, dropping to 20% later in the day, he said.
September 21, 2006 |
The Ryder Cup weather forecast isn't good, with heavy rain and high winds expected to continue through this afternoon, when the opening ceremonies are supposed to take place. When play opens Friday, the forecast calls for wind and showers and temperatures in the mid 60s, with more wind and possible thunderstorms Saturday and clouds with, yes, possible showers Sunday. Of course, the Emerald Isle is so green because rain is commonplace.
March 21, 2009 |
Shares of Xerox Corp. fell after the company cut its profit forecast nearly 80% on restructuring costs and slowing technology spending. First-quarter profit will be 3 to 5 cents a share, down from an earlier forecast of 16 to 20 cents, Xerox said. Standard & Poor's and Fitch Ratings both revised their outlook for the Norwalk, Conn., company to negative, reflecting challenging economic conditions. Xerox shares fell $1, or 19%, to $4.34.
June 15, 1989 |
The outlook for U.S. advertising spending has brightened in the past six months, and spending now is expected to rise 6.9% this year, one of the industry's most widely followed forecasts said Wednesday. That still would mean smaller growth than the rises of 7.4% to 7.9% posted in each of the past four years and well below the double-digit increases earlier in the decade. But Robert Coen, director of forecasting for the ad agency McCann-Erickson, said growth should exceed the 6.1% rise that he projected in December for this year because national advertiser spending has surpassed his expectations and the economic climate has improved.