May 22, 2011 |
Rising prices and a looming vehicle shortage make this summer one of the worst times in years to go car shopping. But if your vehicle is on its last leg or your lease is about to come due, here are some tips on how to navigate through a difficult market. • Consider cars with incentives: Manufacturers still offer some incentives, especially for cars that are near the end of their model cycle or are slow sellers. Most of the big auto information companies, including Edmunds.com, TrueCar.Com and kbb.com (Kelley Blue Book)
March 31, 2011 |
A glut of troubled homes not yet on the market threatens to prolong a housing slump already burdened by weak job growth and a lack of enthusiasm among buyers. This so-called shadow inventory amounted to 1.8 million properties at the end of January, Santa Ana mortgage research firm CoreLogic reported Wednesday. While that was a decrease from 2 million properties in January 2010, it remained about a nine-month supply because the sales pace has weakened this year in the absence of federal tax credits for buyers.
March 31, 2011 |
Rising gas prices have reignited sales of the fuel-sipping Prius hybrid, and dealers are getting more money for the Toyota sedan. There's just one problem — they are starting to run out of cars. Some don't have any in their showrooms for shoppers to drive home. Others say their stock is dwindling quickly. Continuing disruptions caused by the March 11 earthquake and tsunami in Japan are rippling across the globe. Toyota Motor Corp. restarted the Prius factory early this week but closed it down again Wednesday to reassess its part supply.
February 28, 2011 |
Major retailers are jumping on the iPad bandwagon in an effort to boost sales. Merchants including Gucci Group and J.C. Penney Co. are experimenting with ways to use electronic tablets in their stores. No retailer has the formula quite figured out yet, so most have limited their tests to just a few stores. FOR THE RECORD: Retailers' use of iPads: A Business article in the Feb. 28 Section A about retailers experimenting with iPads in stores described Gilles Kortzagadarian as vice president of retail for Make Up For Ever.
January 14, 2011 |
Teen clothing chain Anchor Blue Inc. has filed for bankruptcy again and will close all 117 stores, most of them in California. The Corona chain began holding a going-out-of-business sale late last week, with markdowns of 40% to 60%, according to firms that have been hired to run the liquidation. The sale will continue until all merchandise is sold. Founded four decades ago as Miller's Outpost, the chain specialized in selling jeans, casual wear and accessories. By 1989 the popular family-oriented apparel chain had expanded to more than 300 stores in California, Arizona, Nevada, New Mexico and other states.
October 25, 2010 |
The auctioneer's voice rang out above the murmured conversations with a staccato, "Going, going, sold!" A whack of his gavel signaled the sale of somebody's foreclosed house to a new owner, and the next round of speed-talking began. Concerns about botched paperwork that caused some major lenders to recently halt foreclosures in progress didn't dampen the enthusiasm of buyers gathered Sunday in a drab meeting room at the Ontario Convention Center to bid on bank-owned properties.
September 14, 2010 |
The Energy Department is holding 324 metric tons of bomb-grade uranium at the same time the Obama administration is urging nations to reduce or eliminate their stores of the material, according to a report to be released Tuesday by the nuclear watchdog group Project on Government Oversight. The Washington-based group wants the administration to declare a portion of the U.S. inventory of highly enriched uranium as surplus and increase the amount that is blended down each year into commercial reactor fuel.
September 11, 2010 |
Among the funky boutiques, tattoo parlors and foodie restaurants that line eclectic Melrose Avenue, there's a new sight that has longtime store owners and shoppers alarmed: a glut of empty storefronts and for-lease signs. The situation has gotten so bleak in recent months that along one stretch of Melrose, between Fuller and Martel avenues, one-third of the stores are vacant. And that's despite drastic rent reductions from landlords: A few years ago, retail space went for $5 to $6 a square foot, commercial real estate agents said, but prices lately have fallen to $2 to $3 a square foot — rates not seen in more than a decade.
CALIFORNIA | LOCAL
July 25, 2010 |
An audit of textbooks at 21 local high schools has found that lost books and excessive purchases at these campuses cost the Los Angeles Unified School District nearly $10 million. Such problems are pervasive across the system of more than 1,000 schools, auditors concluded, exponentially increasing the potential losses and unnecessary spending. "The district does not manage or control the textbook inventory process effectively, efficiently or economically," auditors wrote in a June 30 report, which is posted online.