CALIFORNIA | LOCAL
September 3, 2013 |
After a slight cool-down on Labor Day, the weather is expected to heat up for the rest of the week, pushing temperatures in some inland areas past 100 degrees. There will also be a chance of more humidity, said David Sweet, a meteorologist with the National Weather Service . "We know it's going to be hot. We're just not sure about humidity," he said. Highs on Tuesday are forecast to be in the mid-70s to 80s at the beaches and upper-80s to mid-90s inland.
August 30, 2013 |
Television meteorologist Gary England has long described himself -- with a thick, western Oklahoma drawl -- as an Okie living his dream. This week England gave his final on-air forecast from his post at KWTV Channel 9 in Oklahoma City, to the disappointment of thousands of Oklahomans who have never lived in a world in which Gary England did not do the weather. At 73, England has been on the air in Tornado Alley for 41 years . In Oklahoma there's a well-known tornado-season axiom: If Gary says to hide -- everyone calls him Gary -- you hide.
CALIFORNIA | LOCAL
August 19, 2013 |
Residents on the northern outskirts of Los Angeles County up to the Central Coast could be in for a wet and noisy day Monday, with weather forecasters predicting thunder and lightning with a chance of hail. Antelope Valley residents are enjoying a “slight reprieve from the severe weather, but will likely see the storm ramp up in the afternoon," said National Weather Service meteorologist Dave Bruno. Forecasters are expecting small-sized hail and wind gusts up to 50 mph to hit Kern and San Bernardino counties and the area north of Lake Los Angeles.
August 12, 2013 |
Gold futures jumped higher Monday as the dollar fell in value, but concerns that the Federal Reserve may taper off its monetary stimulus may push prices down. Gold futures for December jumped $22 to $1,344.30 on midday trading Monday, on track for a fourth day of consecutive gains. Gold has been boosted of late by data showing that U.S. wholesale inventories fell unexpectedly for a second straight month in June, which pushed economists to lower their estimates for second-quarter economic growth.
August 10, 2013 |
Federal forecasters have softened their prediction of an extreme storm season, trimming back the number of hurricanes they expect this year to between six and nine. That's a small drop from the seven to 11 hurricanes originally forecast in May, but the National Oceanic and Atmospheric Administration's newer projections still threaten a highly active season. “Our confidence for an above-normal season is still high because the predicted atmospheric and oceanic conditions that are favorable for storm development have materialized,” Gary Bell, NOAA's lead hurricane forecaster, said this week.
July 24, 2013 |
WellPoint Inc., the country's second-largest insurer, beat Wall Street expectations with a second-quarter profit jump of 24% as lower medical costs partly helped the Indianapolis company post strong results. "We are pleased with our second-quarter results and encouraged by the positive momentum we have across the organization," said Joseph Swedish, WellPoint's chief executive since March. This was the second earnings report that has beat analyst expectations under Swedish. He took the helm after the company's previous chief executive, Angela Braly, was ousted last year.
July 23, 2013 |
Apple Inc. topped Wall Street expectations by posting better-than-anticipated profit and setting a third-quarter record for number of iPhones sold. It was a welcome break for Apple, which has been in a bit of a slump lately because of a prolonged product drought and growing impatience among investors and consumers waiting for the company to come out with another blockbuster hit. Chief Executive Tim Cook played into that anticipation Tuesday, noting that the company had some "amazing new products" in the works but, as usual, remaining tight-lipped about what they were.
July 18, 2013 |
City National Corp.'s second-quarter earnings rose 9%, making the L.A.-based private bank and business lender the latest California bank to exceed Wall Street's expectations. The parent of City National Bank said Thursday that it posted a profit of $59.7 million, or $1.04 a share, compared with $54.8 million, or $1.01, in the same quarter last year. The average estimate of analysts as calculated by Thompson Financial Network was for earnings of just 96 cents a share. It was the bank's 81st consecutive profitable quarter, said Chief Executive Russell Goldsmith, noting that assets, deposits and wealth-management fees all grew at a double-digit pace. Quiz: How much do you know about home loans?
July 12, 2013 |
Wells Fargo & Co. booked a record $5.5 billion in profit during the second quarter despite a dramatic rise in mortgage rates and signs of a slowdown in its refinancing business. The 19% year-over-year jump in earnings for the nation's largest home lender reflected the breakneck pace with which the U.S. housing industry has evolved. Although refinancing activity slowed as interest rates jumped, Wells Fargo still was able to grow its mortgage origination business by increasing the number of loans it made to home shoppers.
July 9, 2013 |
WASHINGTON - After leading the way out of the global recession, China and other big developing economies now are growing slower, a significant shift in momentum that augers weaker world growth and softer demand for U.S. exporters. The slowdown in developing economies has been building for some time but has captured greater attention recently because of China's credit crunch and the prospects of monetary policy tightening by the U.S. Federal Reserve. On Tuesday, the International Monetary Fund cut its U.S. and global economic forecasts for this year and next, citing primarily slower growth in key developing nations as well as a deepening recession in the Eurozone.