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BUSINESS
April 28, 2011 | By Joe Flint, Los Angeles Times
For Mike Kelly, talking about the weather is anything but shooting the breeze. As president and chief executive of the Weather Channel Cos., Kelly oversees a cable network in nearly every one of the 100-million cable homes in the country; weather.com, a website with more than 40 million monthly visitors; and the second most popular smartphone app behind Facebook. Annual revenues are north of $500 million. In other words, your rainy day is his cash cow. The Weather Channel, which turns 29 on Monday, was initially a hard sell.
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BUSINESS
February 29, 2008 | From Times Wire Services
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 | LESLIE WOLF, Times Staff Writer
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.
SPORTS
September 21, 2006 | Thomas Bonk, Times Staff Writer
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.
BUSINESS
March 21, 2009 | TIMES WIRE REPORTS
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.
BUSINESS
June 15, 1989 | From Associated Press
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.
NEWS
December 15, 1986 | BETTY CUNIBERTI, Times Staff Writer
As 1986 draws to a close and our thoughts turn to what the future may hold, probably only a few of us have realized that we will be throwing parties in our bathrooms. This is just one of the World Future Society's "Ten Most Thought-Provoking Forecasts" revealed in its "Outlook '87 Report." "That is my own personal forecast, based on a review of what's been happening in the bathroom," said Edward Cornish, editor of The Futurist, the group's magazine.
BUSINESS
December 23, 1987 | DON COOK, Times Staff Writer
In a report characterized by its principal author as "highly conditional optimism," the Organization for Economic Cooperation and Development forecast Tuesday that the world will inch forward with low economic growth, but no recession, in the coming year. In the wake of the October stock market crash, the OECD is cutting its forecast of economic growth during 1988 among its 23 member states by about one-half of a percentage point, to an overall figure of 2.25%.
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