January 13, 2014 |
Lululemon Athletica Inc. indicated that it may keep paying for last year's missteps well into 2014, cutting its financial forecast for the fiscal fourth quarter ending on Feb. 2. The Vancouver, Canada, yoga apparel maker - with a new chief executive at the helm and fresh off a new round of complaints about too-sheer pants - said that revenue in the current quarter would likely come in between $513 million and $518 million. The company previously projected $535 million to $540 million in revenue.
January 5, 2014 |
With interest rates set to rise, many on Wall Street are wondering if the municipal bond market is in for another pummeling as 2014 gets underway. Investors couldn't get out fast enough last year. Bonds from states, cities and counties suffered their worst annual performance since 2008 and only their fourth losing year since 1990. The nearly $4-trillion market, a favorite of mom-and-pop investors for their relative safety and tax benefits, seemed to get hit from all sides. Wall Street was spooked by talk that the Federal Reserve would put an end to the easy-money policies that helped propel stocks to new heights.
January 2, 2014 |
Will an Arctic chill play into the weather-worn hands of the Green Bay Packers? Not necessarily. The forecast calls for bitter cold Sunday afternoon when the Packers play host to San Francisco in the first round of the NFL playoffs, but that doesn't necessarily mean Green Bay will have an advantage on the famed Frozen Tundra. According to Packers.com, Green Bay is 3-4 in games played at Lambeau Field when the temperature at kickoff is 6 degrees or lower. Sunday's forecast is staggeringly cold - a high of minus-3 and a low of minus-19.
CALIFORNIA | LOCAL
December 27, 2013 |
Friday is going to be sunny with no chance of rain, and if forecasters are right it's going to stay that way for a while. "Basically we're looking at continued above-normal temperatures through the weekend," said meteorologist David Sweet with the National Weather Service in Oxnard. Sweet said Friday in Los Angeles County will see highs in the lower 70s at the beaches to the lower 80s further inland. Saturday will bring a little cloud cover and high temperatures will likely be in the upper 60s at the beaches to mid-70s inland.
CALIFORNIA | LOCAL
December 23, 2013 |
It's how Los Angeles does Christmas: Sunny and warm. Forecasters said temperatures in downtown L.A. this week will be well above the normal 68 degrees for December and will reach into the mid-70s. "It's going to be a great week," said meteorologist Stuart Seto of the National Weather Service in Oxnard. "If you want snow, it's not going to be a good week. " Throughout the week, Seto said overnight lows will be relatively warm at about 50 degrees and there's no forecast of rain - or snow. In Long Beach, Christmas Day will see a high of 76 degrees.
CALIFORNIA | LOCAL
December 18, 2013 |
Harold Camping didn't live to see the end of the world. The Oakland-based radio preacher, who died Sunday, drew international attention, much of it in the form of ridicule, when he predicted - more than once - the precise date of the Rapture and then had to concede his error. He was 92. Camping died at his home in Alameda after suffering a fall last month, according to a statement from his Family Radio Network . Convinced that he had unlocked hidden clues in the Bible, Camping predicted the end of the world no fewer than 12 times, beginning in 1978, according to an aide, and was persistent in the face of his repeated failures.
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.