BUSINESS
March 5, 2012 | By Shan Li
More than two dozen people were charged in a $325-million counterfeit ring to import knockoffs from China and Taiwan through a port in New Jersey, authorities said. Using undercover agents and wiretaps, federal law enforcement agencies uncovered "two elaborate schemes" to elude border security and transport counterfeit apparel, accessories, cigarettes and illegal drugs into the Newark-Elizabeth Marine Terminal, the U.S. district attorney's office in New Jersey said in a statement.
BUSINESS
February 3, 2012 | By Shan Li, Los Angeles Times
Mirabelle Vargas, 29, winds her way through the open-air stalls in downtown Los Angeles' bustling Santee Alley, hunting for Victoria's Secret underwear. Or at least undies with a tag that says Victoria's Secret. An authentic pair from the lingerie maker can cost $7.50 and up. But Vargas, a retail sales clerk, managed to find a table brimming with pink-and-white unmentionables. Price: two bucks a pop. "Of course they're not real, not at this price," said Vargas, decked out in a chocolate brown Victoria's Secret tracksuit, also counterfeit.
NATIONAL
June 11, 2011 | By Robin Abcarian, Los Angeles Times
The memo leaked in the spring of 2007. A deputy campaign manager for Hillary Rodham Clinton urged her to skip the Iowa caucuses in her quest for the Democratic presidential nomination. Participating in the first contest of the 2008 presidential calendar, he wrote, was expensive, outdated and unnecessary. Iowans, who take their role as first presidential vetters seriously, were not amused. Clinton scrambled into damage-control mode. But she'd violated an unwritten Iowa rule: Never, ever, give voice to the idea that Iowa is not the center of the political universe.
BUSINESS
May 3, 2011 | By Andrea Chang, Los Angeles Times
Volcom Inc., the Costa Mesa surf-and-skate brand, announced Monday that it had agreed to be sold to Paris-based PPR for $607.5 million. The French luxury and retail group contains some of the world's best-known labels, including Gucci, Yves Saint Laurent, Balenciaga and Alexander McQueen. PPR's brands are distributed in more than 120 countries. The cash deal, for $24.50 a share, was a 37% premium over the three-month average trading price of Volcom shares. The acquisition is expected to be completed during the third quarter, the companies said.
ENTERTAINMENT
February 11, 2011 | By Matt Donnelly, Los Angeles Times
After six weeks of somewhat staid awards fare for film and television, the Grammys shake up L.A. with some very welcome sonic edge. Less talking, more dancing. The intersection of music stars and their famous athlete, executive and celebrity fans makes serious parties possible. Here's a preview of who will be making beautiful music at private parties and where. UNICEF's Women of Compassion. Angeleno socialite Colleen Bell will host a brunch with the charity on Friday honoring Gucci creative director Frida Giannini.
ENTERTAINMENT
November 28, 2010
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