CALIFORNIA | LOCAL
December 16, 2013 |
Unseasonably warm temperatures in the Los Angeles area are expected to drop sharply midweek as a new weather system blows in. "Basically, we're starting out with temperatures well above normal," said meteorologist David Sweet of the National Weather Service in Oxnard, adding that highs Monday were expected to be in the upper 70s to mid-80s. Temperatures will dip slightly on Tuesday, then, Sweet said, "we're going to see a dramatic change in...
December 12, 2013 |
Lululemon Athletica Inc., the upscale yogawear purveyor that has recently courted controversy, reported third-quarter earnings that by all accounts exceeded Wall Street's expectations. It was the company's forecast for its future that has analysts concerned. The Vancouver, Canada, retailer, which earlier this week announced a new incoming chief executive and a replacement chairman, said its same-store sales in the fourth quarter would be flat, down from more optimistic earlier predictions.
December 10, 2013 |
Broadcom Corp., an Irvine company that makes chips used in popular tech gadgets including Apple Inc.'s iPhone and iPad, says sales this quarter will be higher than it initially forecast. The company said in a statement Tuesday that it expected fourth-quarter sales of between $2 billion and $2.05 billion, up from its previous guidance of $1.92 billion to $2.03 billion. Broadcom said it was raising the forecast because of "better-than-expected revenue in each reportable segment, particularly in infrastructure and networking.
December 5, 2013 |
California continues to be a story of two economies: coastal regions with healthy job growth and inland areas that are still struggling to recover, according to a UCLA report released Thursday. UCLA economists said in their quarterly forecast that coastal counties stretching from Marin to San Diego have enjoyed employment gains that outpaced the U.S. In contrast, inland areas such as the San Joaquin Valley and the East Bay are showing little or even negative growth. Years of economic turmoil have especially been hard on the Inland Empire, which includes Riverside and San Bernardino counties.
November 28, 2013 |
Dry conditions are likely to persist this winter across the Southland and most of California, according to a seasonal forecast prepared for the state Department of Water Resources. But long-term forecasts always come with a big dose of uncertainty, and that is especially true this winter, when neither El Niño nor La Niña is expected to dominate weather patterns. “We have to take it with a grain of salt,” said Jeanine Jones, DWR's interstate resources manager. “But it's a reminder that we should think about being prepared for 2014 being dry.” The forecast, developed by a University of Colorado scientist, is based on statistical models that look at global weather patterns and compare them with the historical record to see what happened in California under those conditions.
CALIFORNIA | LOCAL
November 25, 2013 |
The L.A. region won't have much to be thankful for this Thanksgiving when it comes to mild weather. Meteorologists predict cold, wet weather in Los Angeles County starting Thursday before letting up for the weekend. "Thursday, Friday are the wet days. Wet and cloudy," said meteorologist Kathy Hoxsie of the National Weather Service in Oxnard. There's a 40%-to-50% chance of rain on Thursday and Friday, but the storm isn't expected to produce much, with just 1/10th of an inch to a half-inch in the forecast.
November 24, 2013 |
Rain is forecast for Thursday and Friday, which means the Southern Section and City Section semifinals could have wet field conditions. In the Southern Section Pac-5, Mission Hills Alemany is scheduled to host St. John Bosco on its grass field. A final decision is expected on Monday. Alemany will likely have to bring in extra bleachers to be given clearance to keep the game at Alemany. Mater Dei will play Long Beach Poly at Veterans Stadium, which has an all-weather field. In the City Section Division I, Crenshaw is hosting Venice and has an all-weather field.
November 19, 2013 |
Home Depot, the country's largest home-improvement retailer, reported a 43% jump in third-quarter earnings, thanks largely to the housing recovery. Net income rose to $1.35 billion in the quarter that ended Nov. 3 from $947 million a year earlier. Earnings per share in the latest period were 95 cents, beating analysts' expectations of 90 cents. "Our third-quarter results reflect the continuing improvement in the housing market and our solid operational performance," said Chief Executive Frank Blake.
November 19, 2013 |
WASHINGTON - A leading international group on Tuesday cut its forecast for global economic growth through next year, warning that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. The Organization for Economic Cooperation and Development said world economic output would expand 2.7% this year and 3.6% in 2014. Those figures are down from the group's May forecast of 3.1% growth this year and 4% next year. The forecast for U.S. growth also was cut, to 1.7% this year from May's 1.8%.
November 1, 2013 |
Count on coal this Christmas. That's what researchers at Morgan Stanley are saying in the first major forecast of a decidedly dour holiday season. Retailers hoping for a respite from a year of so-so shopping can instead expect the worst Thanksgiving-to-Christmas sales since 2008, the financial services firm said Thursday. Five years ago, the industry was free-falling into recession. This year, a new collection of worrisome economic conditions looms as stores gear up for a period that can sometimes account for 40% of annual revenue.