BUSINESS
May 19, 2012 | By Chad Terhune, Los Angeles Times
Facebook shares fell flat on their Nasdaq debut, but another trading venue for the stock will open later this month. The Chicago Board Options Exchange will start listing option contracts on the Menlo Park company May 29, according to specialist firm Susquehanna Investment Group. This is sooner than normal for a company going public. The exchange typically waits a month or more before offering these options, but investor interest in the social media giant accelerated that timetable.
BUSINESS
May 19, 2012 | By Lauren Beale, Los Angeles Times
Their internationally recognized names sell music and movie tickets. They promote perfumes and presidents. But when it comes to selling their own houses, celebrities often find that their cachet doesn't pull in the cash. Actors Goldie Hawn and Kurt Russell haven't found a buyer for their Malibu beach house, which comes with a raft of celeb-friendly amenities including a covered outdoor living room, a spa-like bath retreat and a meditation room. So the couple have nipped $3.5 million from last year's price, listing the Balinese-influenced oceanfront spread at $11.2 million.
ENTERTAINMENT
May 17, 2012 | By Jason Kehe, Special to the Los Angeles Times
NEW DELHI - When Gavin Martin and his family moved here from southern India in the early '70s, the country's capital city offered the gifted young pianist exactly one option for continuing his music education: the Delhi School of Music. It was the only place in town - perhaps in the whole of northern India - that taught Western classical music with any degree of competence. Even so, life wasn't easy for the serious student born in a country where the sitar is king. "Growing up in India playing the piano was kind of like [being]
CALIFORNIA | LOCAL
May 16, 2012 | By Nicholas Riccardi and Chris Megerian, Los Angeles Times
SACRAMENTO - Jerry Brown told voters he was different - that only he, a septuagenarian government veteran with no aspirations to higher office, could fix the cycle of swelling budget deficits that has plagued California for more than a decade. But the release of Brown's updated budget plan Monday shows that he is being trapped by the same partisanship and dysfunction that hobbled his predecessors when they tried to repair the state's finances. "No governor, under the system we have in California, really has the ability to deal with the mess we've created," said Mark Paul, a former deputy state treasurer and the coauthor of a book about the state's financial quandary.
SPORTS
May 13, 2012 | By David Wharton
It wasn't so long ago that Gwen Jorgensen got a call from U.S. triathlon officials. They knew she had competed as a runner and swimmer in college. Now that she had graduated, they wondered if she might like to try something new. But Jorgensen had pretty much put sports on the back burner to start a career in accounting. Besides, the word "triathlon" conjured images of the grueling Ironman competition, athletes pushing themselves to the point of collapse. "No," she told them, "that doesn't interest me. " Which makes it all the more surprising that - just a few years later - the 26-year-old will race in the triathlon at the 2012 London Olympics, an overnight success in a sport she has grown to love.
CALIFORNIA | LOCAL
May 12, 2012 | By Rong-Gong Lin II, Los Angeles Times
Citing a state investigation of the Los Angeles Memorial Coliseum's top executive, City Councilman and stadium Commissioner Bernard C. Parks demanded Friday that a Monday vote on surrendering stewardship of the venue to USC be canceled. Parks also asked the Los Angeles County district attorney's office to investigate Coliseum Interim General Manager John Sandbrook, who recently became the subject of an inquiry by state ethics officials. They are looking into allegations that the executive illegally sought a job with USC while he was representing the public interest in lease negotiations with the private university.